Daily charts represent series of data points where each data point is comprised of the price movement for a single day of trading. This chart type has been used for a long time by traders and typically applicable for swing or position trading.
EURJPY started the uptrend at the beginiing of May and reached the mothly discending trendline (purple) with a higher high higher low move on the daily chart.
Since the end f june the market has been moving inside an ascending channel and never retaced.
IF the price will break below the first 4h structure and consequently break the chanell, we can set a nice...
After that the market hit our target is giving us a new opportunity for the next trade.
On the weekly chart (left side) the market hit the weekly resistance (red) at the top of the discending channel and turn back to the downside.
On the daily chart (right side) the price hit our previous target at the daily support (blue) and now testing the structure.
Last time we've discussed two upside scenarios. First one is based on minor butterfly and have suggested immediate upside continuation, while second one stands in relation to higher time frame and the pattern that could be formed there. As you can see, our minor butterfly stopped at 1.27 and then market has turned down.
Still, this is just minor...
USDCHF created a double bottom on a monthly support, market created a new recent low after the break of the weekly structure (red).
We can expect the market to retrace till the weekly structure at the 0.5fib retracement and possibly ay the 0.618 before start again the move to the downside for a new test of the monthly support around 0.905 level.
At the moment we...
Market is ranging between the 107 and 118 area, on the weekly chart market has been in a discending channel.
After the break of it it started an uptrend in higher high higher low move.
Currently the market has approached a weekly strong resistance that also is at the top of the asceding daily channel.
If the market will break the channel to the upside and...
Hello, dear subscribers!
In the previous review we considered the possibility of bull attacking the resistance zone $11,800-$12,000 on the daily chart.
The attack took place, but the bulls could not get through the resistance. The current price is $11,440....
Our previous setup is based on reversal daily session and we've suggested appearing of "222" Sell pattern on 4H chart. Now this pattern stands in place. But yesterday BTC has formed bullish grabber pattern that suggests upside action above the top. In current circumstances, our "222" could give us just minimal target of 30% downside retracement...
EURGBP has been moving upward inside a channel and now is creating a double top around the 0.618 fib retracement on the weekly resistance.
Market is losing strenght and so far couldn't create new recent high.
If the market will manage to break and close below the daily structure and consequently break the channel, we can set a nice short order according with our...
What up you crazy mother-flowers !!!!!!
Check out BMY on the freaking long term chart!!!
= Cup-N-Handle on the monthly chart and targets on the chart>
= Also the weekly chart you see a possible Rising 3 methods in the making above 20-moving-average but not confirmed yet>
= You will find Inverse head and shoulders on the Daily/Weekly chart witch is working on the...
AUDNZD on the weekly chart has recently broke the descending channel that kept the trend since october 2017.
On the daily chart the market, after the move till the upper trendline of the channel, retraced slowly creating a falling wedge.
Currently the market found resistance on the recent highs structure and we could expect the market to consolidate before a...
Hello, dear subscribers!
In the previous report we have looked at the current up trend, we have marked the current support and resistance areas.
The current bitcoin price is $11,860. At the moment the buyers are attacking the resistance zone $11,800 - $12,000....
it is now oversold on the daily chart as well. I suspect a bounce off this support due to the RSI and current price action and a channel forming before taking on a newer high or newer low.
Also, lots of the news surrounding Gold has been both positive and negative, leading me to predict with an edge that there is a new neutral channel in play.
Hello guys, I bring you this interesting analysis of Euro/Sterling Pound, in Daily timeframe, we see a bearish divegence that this mean that the bullish trend is weakness and the trend could be experiment a change soon, in that case is a change of bearish trend. But for it, we need to read fundamentals and analysis.
Last week BTC has met first major target on daily chart. As it stands overbought and formed reversal bar, we expect that deeper retracement should happen, at least to 10K area. Probably it will be in a way of downside AB-CD (H&S) pattern. It means that today some minor upward pullback is possible, on lower time frame it could be "222" Sell...
PRICE HAS REACHED A CRITICAL LEVEL!
The Bears need an injection of new shorts to continue the bear trend from the Financial crises of 2008.
The Bulls require an injection of new longs to counter the renewed bearish sentiment.