Price is approaching resistance which also acted as shoulders in the head & shoulders pattern seen in our daily chart. Also, we have our upper trendline around this zone which we expect price should coincide with as it throws back into the zone. Another sell confluence is the blue trendline currently being retested.
If you like this idea, please, don't forget to...
Over 5,000pips in our direction since my last publication on the yellow metal ( see link below for reference purposes) and it appears we are at another juncture to take advantage of the rally. The continuation sequence of this bias can be related to the significant Breakout of the Bearish Trendline during the course of last week trading session after a two week...
Lossless made a massive pump in the last few days and correcting since reaching $0.67. Perfect time re-enter and it is preparing for the next wave.
Found support at 0.618 Fib, Found support at 21MA and forming a Pin bar what else we need?
This is not financial advise please DYOR. Next support at $0.357
The high-quality confluence trade of CAKEDUSDT is about to present itself.
Following TA tools confluence in the region where we are now:
1. Support zone (grey rectangle box)
2. Fibonacci retracement levels of 50%
3. EMA 200 Daily
Each confluence factor increases the quality of the trade since each one of them attracts different schools of traders. Therefore...
Hello everyone. Bitcoin dived on Tuesday on the news of rocky rollout of the El Salvador experiment. A flash crash of 17% just in a day. I thought the chart got some issues after having a bottle of water. It's pretty scary. That magnitude price movement would trigger a lot of margin calls. So, be careful, you're trading with leverage.
On the daily chart, we can...
Confluence long trade:
High quality trade of EGLDUSDT in about to occur in an area of confluence between 150-155$ price level.
Following TA tools confluence in that specific price range for the daily TF:
1. Support zone (grey rectangle box)
2. Fibonacci retracement levels of 50 and 61.8
3. Trend line of the main bullish trend (in yellow)
4. 21 EMA in daily...
On my previous post on the 1 hour I showed a triangle which should've broke to the downside, once I see that happen I will enter a short position which i will manage on the daily time frame. Both of these posts demonstrate the need to short the market rather than go long. In summary I will use the hopeful break of the triangle on the 60 minute to confirm an entry...
Entry point Here because...
3. Four Hour Previous Market Structure
4. Fibonacci Golden Pocket
(last Higher Low Before Break of Previous 4hr Market Structure)
5.Higher Lows Forming
6. 2 weeks of Continuous Bullish Structure
1 to 4 risk to Reward tp 1
its all about The Risk to Reward If...
We witnessed a total of 500pips in our direction since my last publication on this pair (see link below for reference purposes) and it appears the Bears have lost the momentum giving way for a potential rally in the coming week(s). The Euro fell significantly during the course of the last one month to break below Key level @ $1.18500 level, only to turn around...
going long on chfjpy one less confluence factor as H4 candle closure was very bullish but the market structure is maintaining (for now) on the 30m chart as we just retraced 100%, potential risk to reward 1:11
Strong Bearish weekly closure.
Daily chart is in an uptrend but retracing, could potentially retrace to previous daily resistance
H4 - chart in a downtrend.
30m Chart - 100% retracement of previous move to the previous level of resistance presenting a shorting opportunity.
After giving out this signal, i expected price to break below 33000 but it simply couldn't, rather it bounced off a fib zone and retraced back to the upside.
After the currenct consolidation is complete, i wil send out a signal for the next possible move BTC's gonna take.
Check my previous signal post below , go through it and make sure you understand the reason behind my Short long (long sell) idea.
Insert the Bollinger Band indicator into your chart and in H1, you'll notice that just as the bands contracted around 153.950-154.120-ish, it started expanding when price started impulsively bullishing to 156+.
You'll also notice in...
Trading against the trend isn't my style but i believe this idea has garnered enough traction to make GBPJPY a possible sell all the way back to the 154 level which when price gets there, could keep bearishing to 153.
Once the trendline that's acting as the support gets really broken, price should begin it's move down.
#forex #forextrading #forexmarket #forex...
Bitcoin is already halfway through our analysis which will confirm the inverse Head&Shoulders pattern i wrote about in my previous analysis.
Once the bearish move to form one part of the right shoulder is complete, the bullish move should commence almost immediately because the bulls are waiting to push price above $40,000 which they will accomplish right after...
A little insight on the Inverse head and Shoulders
An inverse head and shoulders, also called a "head and shoulders bottom", is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends. This pattern is identified when the price action of a security meets the following...
After price bounces off the 0.382 fibonacci confluence zone, it should head all the way up to 155+ which will surpass our previous idea that also went all the way to 154,660 from 153.750.
I am Long long (a long buy).