This commodity is featuring for the first time on our TradingView blogs.
Current setup: Gold is currently held in a long period of consolidation but above both the 50 & 200 simple moving averages.
Conclusion: We need to wait out this consolidation period and take opportunities once we get a breakout. The pending breakout may be large in size due to the length...
Bitcoin update: Even in the face of a bullish pin bar, it is still reasonable to say that this market is going no where fast. Candle stick formations are random and what gives them any analytical value is WHERE they appear. Since our swing trade exit at 4125, we have been PATIENTLY WAITING for a setup that offers attractive reward/risk.
The typical trader craves...
Good day Traders
Bitcoin is retracing after a few days of battling that DMA50, whilst watching a new episode of paint drying, and no volume follow-through. We're now on the verge of a temporary bearish crossover between EMA15 and EMA200. See the 2 screenshots below of the S&P and DJI which shows the last time we had a downward cross of EMA15 and EMA200 in those...
$MDA /$BTC - #Binance
Thank you MDA for a spectacular run!
This is just an update. MDA is now consolidating down to 6765 area. Yup we're going down pretty far. It's gathering momentum on this steep fall for another beautiful bounce! So set your alarms!
It seems that we hit the bottom line for IOP, and now it's about to make a nice move up!
I can see in the chart that the consolidation is almost over.
What do we have so far:
* We are moving in triangle and it's about to make a break while am I making this post
* A double bottom can be spotted on a daily chart
* RSI is already bullish
* We can also see a...
My USDJPY trade idea has been in the making for the past 5 trading days, over a week now!
Its important though that as a trader you are willing to wait for the right criteria to be met, and to only enter the market on your terms... not the markets. So this is a matter of stalking the market and reaping the rewards later.
Ever since the JPY liquidity crash on...
In my previous analysis on gold, the price indeed has rebounded off from the demand zone around 1292 and climbed highest to 1297.
However, the rebound was too weak and shallow which may cause the price to pull back and retest the low once again.
The price has been consolidating upwards, forming a short-term rising channel which seems to be completed soon.
GBPJPY revision after the fantom news
Could trade it within the range of consolidation but I'm looking for the breakout and retest on either side of the consolidation. At the moment, price action implies this will move to the downside but, we all know anything could happen. No TPs and entries at the moment but I'll likely revamp this later with an updated version.
Broken consolidated zone
rebound on the Emas
Higher TF matching bias
We broke past the consolidated area, which was tested over and over. I think that the given SL is a bit narrow, but is what the structure tells me so.
The next TP is given the monthly level, be ware that the Buy limit is set, we have just broken and we are now waiting for a 'last kiss'
I am not one for breaking down Forex pairs but I thought I would give it a try. You can see in the last few days there has been some other patterns and trends occurring, pennants, descending scallop, consolidation. Now I think we are in a big rising wedge and one is breaks the wedge it can go down to the 110 mark or maybe even the 110.316 mark. when it gets to the...
Market was producing an uptrend, however, market has been failing to break resistance (Wick rejection)
There is also visible exhaustion on the bullish momentum and more bears are entering the market
Entering into the market can be at turquoise line based on the wick rejection at the bottom
Wait for a break and retest of area before entering the market
On the CAD/CHF, price seems to be in a big consolidation period. Went on lower timeframes to look for opportunities and saw that price created another minor consolidation and created a rising wedge while testing the resistance zone.
Last post: June 10th 2018. See chart.
Review: Price had broken below the daily 200 simple moving average and was heading down.
Update: Price continued to move down but is now in an area of consolidation.
Conclusion: We are continuing to stand aside until we have a clear break of the consolidation zone support level. This will confirm a continuation of the...