Hi at all! The previous Lower High was broken. This is why the downtrend is on the end and a new uptrend starts. Use the correction waves to build a lucrative tradepyramid.
Looking at the fundamentals this week, we have the CPI data as well as the Core CPI data being released on Wednesday with positive forecasts as well as the FOMC Meeting Minutes later that evening. We then have news affecting a variety of currency pairs as we prepare for the OPEC Meetings, otherwise known as the Organisation of Petroleum Exporting Countries. This...
Bitcoin update: After months of grind, the range resistance has finally been taken out in a spectacular short squeeze. Andrew described the signs that were leading up to this 1000 point move in 30 minutes in one of his recent articles about the coin float quietly being removed from this market. Coupled with a shrinking float, there are the participants who insist...
LONG idea. Quiet trend up. Stop = $11.74 In at $12.48
Bitcoin update: Our second target of 4120 was reached today locking in a 495 pt gain on the second half of a position of a swing trade idea that we shared with our followers on February 9th. Throughout the entire management period, we were very clear in our emails and chat room posts that we had no intention of exiting the trade early, as long as the market...
We wanted to see the price action rise above this horizontal purple line to achieve a higher high on the 4hr chart and with the current 4hr breakout candle we have seen just that. A great sign for the bulls. However to securely reach a higher high on the chart that really matters(the 1 day chart). We're gonna need to get price action above this pink horizontal...
Litecoin passed a key level on the $LTCUSD chart earlier today at $48.31. This level acted as support numerous times on the weekly chart and came into play as resistance numerous times. After a number of tests, price broke above but has since slowed its increase. Litecoin outperformed bitcoin on this move to bring it to new highs against bitcoin. The increase...
Sorry everyone, been away for almost 2 weeks now! Last chart post was back on Feb 8th and BTC had set its higher low at $3338 and we were watching to see how it would bounce. Knowing full well anything under $4239 is just another lower high on our weekly chart. Well 11 days later and here we are, same chart with minimal change. Bulls have pushed price up from...
Reason to Buy 1) Making Higher High Higher Low 2) Double Bottom + Engulfing = potential reversal
This is my GBPUSD markup that I'll follow 'til Feb. 15th, 2019. I color code my zones to not confuse them with the others since I utilize multiple time frames. Patience.
This is my zones I have set for GBPAUD. I have them color coded so there will be no confusion since I utilize multiple time frames. I patiently wait for opportunities.
Daily chart uptrend with higher lows, higher highs -- on verge of a lower low- but would need a lower high and one more lower low after that to confirm downtrend Weekly chart showing first sign of bullishness with a higher high
USDJPY long, breakout from previous high and channel. Could retest breakout level, will enter if theres a bullish candle.
After what seemed like neverending volumeless sideways movement, we finally broke up bullishly and we have now hit the breakout target of the descending broadening wedge give or take a quarter of a pip and have also hit a very strong former resistance line just below the neckline of the inverted head and shoulders that we are now finishing the right shoulder on....
Currently price is making HL, my opinion is that price is creating a new Higher High at fibo 61,8%
Reason to Buy 1) 2621 = key support 2) Higher high 3) Head and Shoulder Stay tuned !
Last chart we were looking to see which direction BTC broke either Sunday or Monday. The break came Sunday and bulls were able to get to a new high off their recent lows. $3643 is now the resistance to watch and bulls have a higher low down at $3254 they now want to protect. Bulls were able to get above 12 and 26 EMA resistances on 4 hour chart with the move...
Curving Trendline Support & Resistance Areas Monthly Trendline Analysis Moving Avarage Fundamental