BITCOIN: BTCUSD Update on Positions Not a bad day, so far but need to keep an eye on this short still...day-traders have made 250 points from the short from 6300 early in UK morning, then another 200 to 450 points from the long at 6050 just an hour later, depending on where you took profits and now we're short once more from the highs of the day at 6450 with...
Looking to Short Audusd if we have a retest of the upper resistance. We target the clean lows zone.
We have clean lows on friday. Right below we have the fresh h4 orderblock. looking to long to the important 1300 level for a retest.
Bitcoin: BTCUSD Clean BS free chart BITCOIN: BTCUSD The upper parallel finally popped creating another surge up to the last resistance before the highs at 2685 with a new high for the run at 2689 so far. If it runs too fast like that it's a gift to close out and buy back lower for day traders and that's what's happened again here. Now the question is whether it...
Dow Jones Industrials and Commodity Cycles Apologies for this chart. Very sketchy. Tradingview data on CRB index only goes back to 1994 so have had to hand-draw the index in very rough form to try to explain a very obvious but seldom mentioned inverse relationship between stock markets and commodities. It's less apparent in shorter term 10 year data sets (as...
Break out or breakdown? What's you don't see often is that the RSI is making lower lows while the price is making higher lows... if I'm correct that should indicate breakdown? Correct me if wrong.
Bearish bias on pair and price has formed a shooting star at Res zone. Stops above previous swing high. Target 1 127.00 Target 2 125.00
AUDCAD is now sitting on key level of support which was a key level resistance. We have logical entry and target point with a potential 5 to 1 winner.
NZDUSD is sitting on key level support in line with the bullish momentum. Price had just braked out on the recently created inside bar pattern, a consolidation-continuation pattern in the market. An ideal entry is a buy stop above the high of the pinbar and we have enough room for a decent risk to reward ratio. Trade Safely.
USDJPY prints a perfect classic stepping-like downtrend. With just a naked clean chart and a simple understanding of price action trading, you can easily spot high probability entries. Now price is hanging on key level resistance and we few bearish candlestick signals. Lately the market created a pinbar and an ideal entry is 50% range buy limit entry on the pinbar...
Watch for any break of trend line. Multiple confluences, starting off with the indecisive candles retesting off the monthly 50% FIB and the weekly Support lines. Gathering the momentum from these indecisive candles and if the news release projects positive numbers I believe there could be a break of the weekly trend line, pushing the EUR/JPY into a fresh new...
Bearish PA: Tweezers at Desc. TL Rejection also CTL retest Tweezers also occurred at a daily 61.8% fib bounce level Pair has been in down trend for some time and after a short burst up formed a double top and has started putting in lower lows and lower high's.
Represented by the Green box, we can see a convergence of EMAs and MAs as i mentioned in the last post. EMA is crossing to the upside and StochRSI signal is also crossing to the upside, MACD still shows a bullish divergence if zoomed out, represented by the blue dotted line. My next target is the zone represented by the blue box as this is a major level if you...