I like the repeat of this pattern from October. History of structure; RSI checked down/bounced on the bottom of the bull zone; similar break of counter trendline; reclaimed 8 & 21 EMA. I have a position.
BTC has broke the trendline support as well as broke the current structure on lower timeframes. This could be the start of a correction to the bottom of the channel. But considering BTC is bullish on higher timeframes, this could just be a fakeout & consolidation that pushes to new ATHs. Similar to the last push up last week. As of right now, I am slightly...
From wave (x) high on the chart, USDCHF decline in an overlapping five waves sequence in wave "a" - knows as a leading diagonal in Elliot Wave. Leading diagonal points in the direction of a larger trend; which means that we could expect the price to move lower after the correction. The correction in wave b seems completed and also retest the trendline channel...
Hello and welcome to my Trade Idea of the currency pair USD/CHF. Let's start with the Top Down Analysis. Monthly: Since march 2019 there is a downtrend with stagnation from july to november 2019. On december 2019 there was an imense bearish price action with a huge candle that closed under the previous lows. Weekly: We see on the weekly timeframe a beautiful...
GBP/USD PULLBACK NEARTERM. COUNTERTREND SO SMALLER LOTS. HIT MEDIUM RESISTANCE AND FORMED A BEARISH HEAD AND SHOULDERS. ENTERING AT TIP OF RIGHT SHOULDER WITH 2ND ENTRY ON BREAK OF COUNTERTRENDLINE.
LONG WITH WEEKLY PIVOT SUPPORT AND BREAK OF CTL HIGHER. TP 1 = 9175, TP 2 9300 FOR 200 PIPS. BREAK LOWER OF 9000 VOIDS LONG ENTRY.
Hello and welcome to my Trade Idea of the currency pair EUR/JPY. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is in a strong downtrend. Weekly: The weekly timeframe is bearish too. Daily: We see on the daily timeframe a little bullish trend but there are also enough bearish waves. Therefore, I am not sure about the trend...
Hello and welcome to my Trade Idea of the currency pair AUD/USD. Lets start with the Top Down Analysis. Monthly: Here we see a very strong downtrend with nearly no pullbacks. Weekly: Weekly is bearish too. Daily: We draw the very strong trendline on the daily timeframe. H4: Here we draw the counter trendline and i think that a push to the downside will...
Hello and welcome to my Trade Idea of the currency pair NZD/USD. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is in a beautifully downtrend. Weekly: The weekly timeframe is in a downtrend too with nice up and down waves. Daily: The price closed under the daily resistance area . H4: Here we draw the counter trendline . The price...
Hello and welcome to my Trade Idea of the currency pair EUR/USD. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is in a very strong downtrend with nearly no pullbacks. Weekly: We can recognize on the weekly timeframe a little pullback. But overall the timeframe is bearish. Daily: On daily we see the pullback in more detail. H4:...
Hello and welcome to my Trade Idea of the currency pair USD/CAD . Lets start with the Top Down Analysis. Monthly: We see on the monthly timeframe a bearish trend with strong bearish candles. Weekly: The weekly timeframe is very bearish too. Daily: At the upper trendline a bearish engulfing candlestick formation occurs. H4: On the h4 timeframe we see a...
Hello and welcome to my Trade Idea of the currency pair CAD/CHF. Lets start with the Top Down Analysis. H4: We see on the h4 timeframe a bearish momentum. H1: We can recognize on the h1 timeframe a pullback to the upside. M15: We draw the counter trendline on the m15 timeframe and wait for a confirmed breakout. Have a nice day.
Hello and welcome to my Trade Idea of the currency pair AUD/NZD. Lets start with the Top Down Analysis. H4: The h4 timeframe is bearish with nice up and down waves. H1: We see on the h1 timeframe a up wave. M15: On the m15 timeframe we draw the counter trendline and wait for a confirmed breakout. Have a nice day.
Hello and welcome to my Trade Idea of the currency pair GBP/CHF. Lets start with the Top Down Analysis. Monthly: We see on the monthly timeframe an bearish momentum. Weekly: The weekly timeframe is bearish too but in the last few weeks there's been a pullback. Daily: Daily is bullish but the price touched the daily resistance area and that's a possibility...
Hello and welcome to my Trade Idea of the currency pair NZD/CAD. Lets start with the Top Down Analysis. Monthly: Monthly is very bearish with nice up and down waves. Weekly: The weekly timeframe is permanently falling with nearly no pullbacks. Daily: Daily is bearish too. H4: We draw the counter trendline on the h4 timeframe and wait for a confirmed...
Hello and welcome to my Trade Idea of the currency pair GBP/CAD. Lets start with the Top Down Analysis. Monthly: The monthly timeframe is in a strong downtrend. Weekly: Weekly is very bearish too. Daily: We see on the daily timeframe a bullish trend but the possibilities are there that the price will fall. H4: Here we draw the counter trendline and wait...
Hello and welcome to my Trade Idea of the currency pair AUD/NZD. Lets start with the Top Down Analysis. Monthly: The overall monthly timeframe is bearish. Weekly: The last weeks are very bullish but the price is at a strong weekly resistance area and the possibility exists that the price will bounce off there. Daily: Daily is bullish but the price breaks...