Blue triangle indicates the current range. Green box is buy. Red box is sell. Blue line indicates major resistance. ONTBTC signalling a buy at this level. Target 1: 3600 Target 2 (moon): 4350
About a month ago we took a look at US Oil & identified a classic reversal pattern called a head & shoulders bottom. We predicted a breakout from this level, however, there was a previous level of structure slightly above the neckline that I thought would be tested first. After nearly a month of consolidation, we've finally violated that level which allows me to...
Wait for the break and close of the rising wedge to enter.
A best fit ascending triangle and volume suggests that we will see some continuation; beware, trading this pattern carries a high risk of fakeouts wait for volume to confirm and set tight stops. (Entertainment Only) On a personal note, I have updated my current entry/exits and no trade zones.
Monthly chart of Dollar index suggesting further upside. DXY bounced off 0.5 Fib with precision, broke 0.382 and now closed above 0.236 with a strong weekly candle. Retest of 102-103.5 is imminent in my view. * Consider US stock market topping behavior as of late, strong dollar would push stocks and commodities under more pressure. Although this is temporary...
Entering on a bullish MACD cross while ABOVE zero-line , signaling bullish continuation. Note that I use MACD ONLY for continuation and do not attempt to find reversals using the MACD as I do not find it to be very accurate in FX Trade is on the daily timeframe and has a 1 ATR stoploss (148 pips), 1ATR target 1 where I take 50% of my position off and move...
As we can see from the Keltner channels, we are getting the strongest strong sell signal, a GTFO signal if you will, in almost three months. As I have said before, unless this is a true breakout bringing us above the $4,000 mark, I believe a strong reversal is incoming and we are entering into a no-trade zone, IMO, soon either way. (Successful trade marked)...
It seems that my initial prediction (brown line) seems to be the most accurate; this rise mimics the last move in size and percentage gained with the main difference being that it happened a bit faster. The more important thing to look at is whether or not that there will be a continuation of this move thus breakingout (which volume supports); by doing so, a...
USDCHF mirros USD Dollar Index Chart shows weak dollar Macd overbought Bearish engulfing candle pattern GBPUSD Forex power indicator shows Strong GBP Weak USD NY session starts in 15 min Possible bullish continuation move for GBPUSD
After making a new bullish impulse have of the last month and a half we have settled down and formed a corrective wave. This corrective wave has formed a falling wedge pattern and we broke out. Look for a rise in Bond prices. If you guys enjoy the analysis leave a follow! :) - Much Love
In coorelation to BTC, LTC, XRP and XLM, there is a significant downtrend. As shown on the chart, the two continuation candles show selling pressure. The two candles also bounced at support/resistance lines, which made them important. In addition, there is a descending triangle looking to break downwards. Targets are indicated by the yellow arrows.
GBPJPY D1- Continue Rectangle or Bullish Dragon Pattern? Currency Pair: GBP.JPY Time Frame: Daily Predicted Direction: Neutral - Price bounced several times within PCZ Entry: I will open Sell if the price will make breakdown of @138.74 (SL = @141.41, TP = @130.59) I will open Buy if the price will make breakout of @141.41 (SL = @138.74, TP = ...
ETH is back at it again. The small relief rallies we have seen off of the massive drop, all the way down to the low $80s, have started to become confirmation points for forming an upper bound of yet another descending triangle pattern. As you can tell in the chart, every rally has been stuffed off of the 100 ema (orange line), and while the bulls have mustered...
USOIL is being well supplied after pulling back to the grand 45 degree line coming down from the top. If 5000-5050 area fails, the bear case becomes more relevant. Assuming pre mortem conditions, the inventory report turning this around and supply being dried up by incoming new demand, it is reasonable to look for entry opportunities on the lower timeframes. It's...