A note to myself to have an idea of future price action. Im hoping this is a 2012 type rise where we follow though with a long strong rise to new ATHs, only time will tell. I am currently in some BTC, alot of ppc, ltc, some Decred and a small % of other alts.
Price could fall to the nearest support before a reversal can be seen. With the technical weakness in the $Index we could see some bearish movement. On the daily charts, Price is entering the buy fib zones. We would wait for proper Candle stick info before entering.
Very decent long setup
Several confluence, including
Horizontal support 1.09724
Trend line pull back x2
Fibonacci 0.618 High probability level influencing price greatly
Previous HH Made Looking for a HL
Bears weakening shown by the long wick previously
Take Profit:is based upon ABC(D) completion
Stop Loss: Below structure support
short to highlighted area and fib target of -0.272 stop at 50 % fib level lots of technical plus global market conditions support this direction.... from trend line to fib to retest continuation to support becoming resistance its all there in this one set up be surprised if this doesn't follow through break even when prices reaches 160.00 price to cover take...
After the pair retraced backed to the 38.20% region, a beautiful reversal can be seen indicating that the pair will continue it's downtrend. With a nice 3 black crow candlestick pattern displayed, it only adds more confirmation that the pair will reach for lower lows in the near future.
Price closed below but couldn't sustain a significant bearish bias. bulls are taking back control driving the price higher above the resistance expect market to reach 1.57187
EURUSD has began to form a bearish bat pattern on the daily chart. The potential reversal zone is between 1.1381 and 1.1392. Projected target 1 at 1.1124 and stops placed above structure at 1.1489.
With a break of a trend developed since last month, GBPUSD seems like it will continue its downtrend toward lower lows. Currently the pair is sitting at a crucial 61.8% retracement level and has an oversold RSI. I expect the pair retrace back up towards 1.43732 first before heading lower towards 1.42200.
AFTER THE PRICE FINISHED THE LAST DAY WITH A BEARISH CLOSE, I FOUND ATTRACTIVE TO SELL THE CAD INSIDE THIS BEARISH CHANNEL ,WHEN THE PRICE HIT THE TOP OF THE CHANNEL FOR THE THIRD TIME I DECIDED TO SELL, THE PRICE WENT LOW AS EXPECTED BUT AFTER REACHING THE 0.50 FIB LEVEL OF THE SHORTER UP MOVE, I MOVED MY STOPS TO B.E. AND THEY WERE HIT AFTER THE PRICE WET UP ON...
EURUSD - Bullish market sentiment is evidenced by the daily breakout and close above the key price and confluent long-term Fib resistance level at 1.1043 on 2/3. Adding further weight to a long-side bias for this week, retail net open interest stands at -1.6927, indicating continued long risk exposure is more favorable than taking-on short risk. At least until...
Since the early January selloff, we appear to be ranging into a tighter triangle consolidation pattern
Based on the assumption that the 0.236 Fib retracement support level will hold on Monday, I'd be looking for longs anywhere from 1871.8 (0.236 Fib) to 1881 (Fridays close), with a target of around 1900. Ideally an early trade entry, during the European session...
-IM STILL BULLISH ON THIS PAIR AT THE MOMENT
-FIB 0.618 MAGIC RETRACEMENT IS THE AREA I WANT TO HOLD TO SECURE A LONG
-A B C D STRUCTURE HERE
-THE NARROW BLUE BOX YOU CAN SEE IS A KEY LEVEL HAVING BEEN STRONG RES NOW SUPPORT
-FIRST TARGET WILL BE WEEKLY RES 1.4760 IF THESE ARE HIT WILL TAKE PARTIAL PROFITS AND THE NEXT TARGET WILL BE FIB LEVELS.
-WE HAVE HIT A MAJOR MONTHLY SUPPORT LEVEL HERE
-PROVIDING WE HOLD SUPPORT THIS COULD BE THE OUTCOME..
-THIS IS A GREAT RISK TO REWARD TRADE
-FOR A REVERSAL OR EVEN JUST A RETRACEMENT 0.618 AREA
-STOPS AS SHOWN
-THE POSSIBLE "C" AREA IS A KEY LEVEL OF RESISTANCE SO
WE EITHER BUMP OUT HEADS ON IT THEN INTO SHORT TRADE
OR BREAK THROUGH.
-IF WE HIT RES AND TURN...
-3RD BOUNCE OF TRENDLINE
-ABC AND D STRUCTURE
-BOUNCED OF 0.618 RETRACEMENT PERFECTLY
-BULLISH OUTLOOK HERE
-GOOD LUCK
-TARGET TO MAKE NEW HIGHER HIGH
-FIB LEVELS TARGETS
Hello again,
Just doing some more analysis on another pair, this is what I think may happen as the FED will be increase their information on whether to keep or change interest rate in the next couple of days which may weaken the dollar.
Again I welcome any feedback good or bad as mentioned I am only testing my knowledge before I go LIVE trading.
Reaons for
-Firstly we are forming a triangle
-We have just bounced of the trend line with a bearish engulfing
-Also a bearish hammer has been put in place
-We also tested this area a on Thursday and rejected this zone there fore i believe it will do so again
Price action leaves clue in structure :)
If we go to the daily Timeframe we can see
-Lots of long...
