NZDCAD has given a breakout from falling trendline and retested it, confirming bullish breakout. The pair is in good shape for bull trend as it is printing higher highs and higher lows. The next hurdle is 50% Fib level where is got rejected. We are expecting bulls to continue the momentum and safest entry will be on breakout. Trade your levels accordingly.
Hello Traders, here's an educational post about how to trade Supply & Demand Zones. First off I would like to say... I highly recommend that you watch some youtube videos on this topic. I can only cover so much in one post and you will have a much better understanding of these zones after watching some videos. Either way Supply & Demand zones are one of the most...
Hello Traders, Here is my analysis for Bitcoin over the coming days/week. This analysis is on the Daily chart, I wanted to show the overall Macro trend to help you better understand why I am still Bearish on Bitcoin. First let's start with the short term targets. - As you can see there are 3 local resistance levels in the current range. We already hit the 1st...
Jpy has been losing strength for some time. It's time we expect price reversal after a very strong bullish push.
Hello Traders Here is a visual representation of the Bitcoin trades I've entered in 2022. As you can see I primarily swing trade using Key support and resistance levels. Trading successfully is about entering trades that have the highest probability of playing out in the direction you intend to trade. - Trades that typically have the highest probabilities are...
USDCAD is consolidating within a narrow horizontal trading range on an hourly time frame. To buy the pair with a confirmation wait for a bullish breakout of the resistance of the range. You need an hourly candle close above that to confirm the breakout. They buy aggressively or on a retest. Your goal will be 1.2668 In case the price breaks the support of the...
The idea shared is an analysis of GbpJpy for a mid term swing. Fundamentally, we are expecting news releases from the United Kingdom next week that would make impact on the British pounds. For now, the retail sales of Japan which was released last Monday is a good driver for the Yen. Sentimentally, as the UK is still faced with inflation and political tension,...
Price is in an uptrend on the HTFs, but is bearish on the 15M. This bearishness may be short term, as price is potentially making a HL. The possible pivot points are our marked POIs, where I will look to enter long. No confirmation, no trade. I need to see price shift from bearish to bullish momentum before any long entry.
This is an analysis of Euraud highlighting supply and demand zones, advanced price action, resistance and support levels and my very own trick statistics approach to the market. As shown in the screenshot, Price is approaching a weekly demand zone from a supply zone having broken a support level marked by the moving average which acts as a dynamic support and...
Gold gained sharply after hitting an 8-month as Russia and Ukraine tension escalates. The exchange of fire between Kyiv's forces and pro-Russian separatists has affected market sentiment. The number of people who have filed for unemployment benefits rose to 248000 the previous week compared to a forecast of 217000. Philly fed manufacturing index dropped to 16.6...
This is a follow up analysis for the GBPUSD. what we saw last week from the technical perspective was price going up to fill up liquidity before heading down. fundamentally, the news impact from the US and earlier raised interest rates from UK Caused lots of mixed sentiments and reaction in the market. If price breaks the demand zone below, we can expect the...
Hello everyone!! Currently short on BTC. - I took the sell on BTC after the trend line break, EMAs crossover, and retest. Bulls are holding this level for now but we could potentially see a decline to the $31K area to retest the lows. - This is my first BTC/Crypto trade in a while so I went in with small size to test the waters. Love to see how this plays...
Hello Traders, Today I wanted to discuss being prepared prior to making a trade. It is quite often I see people asking what to buy but, rarer that people are interested in when to buy or what to do after. Finding a good asset is only half of the battle, knowing when to buy and where to take profits are just as important as what to buy. Here I have put together a...
I believe that we can consider EOS / USDT for short targets
In this video: * A quick review of the current market sentiment * I am bullish! * Everything is moving as expected * I review and instruct on a more advanced trading technique/strategy - How to trade levels in a correcting or bearish market? * You can make gainz by going long in a bear trend! Happy New Year Traders!
Price has entered a Demand Zone, and may reverse here for a nice short. Wait for the proper transition from bullish to bearish momentum to confirm an entry to sell. No confirmation, no trade.
In correlation with dxy we may see possible selling opportunities at the break of the pattern. If there is now downward breakout the we may expect a bullish continuation
possible selling positions if price happens to break the rising wedge #DXY