Today's down move off a recent All Time High takes price down to the Kijun Sen which is the 50% Retracement level of said high from the 7/19 low.
BTC just managed to put in a nice bounce, at a key level, these are the two paths I see forward. Red Dashed = Monthly "Bull Line"....we don't want to start closing on 4hr+ TF below this level (if you're a Bull). Green Dashed = Daily "Bull Line"....This was the "key" level I mentioned above. Purple Dashed = 1hr "Bull/Bear Line"....This chart shows both, A Bull and...
Comment: GBPAUD is breaking the Daily resistance at 108972 level. Still uptrending as per below Ichimoku confirmations. Ichimoku Trend Analysis: - Kumo (Senko span A and B) is up - Kijun sen is up - Tenkan sen is up - Chiko span above candles Next Scenario: The market is heading towards the next resistance level at 1.9533. If it retraces, market could be...
In this video I just quickly go over all the charts we looked at in the stream today and a couple new ones. Main takeaway is the bullish divergences on the daily chart, the high timeframe channels, and wedges, and the fun rounded-top/scallop chart. Hope this was helpful, I just wanted to get these charts out without too many tangents or extra analysis that takes...
Comment: AUDUSD Daily timeframe shows new downtrend as per below Ichimoku confirmations. Ichimoku Trend Analysis: - Kumo (Senko span A and B) flat - Tenkan sen down - Kijun sen down - Chiko span below candles Next Scenario: Today's Daily breakout can be a new downtrend on AUDUSD as it was a descending P wave breakout. Initial target is at 0.7222 level.
Hello! The Nano|usdt graph is preparing to swim in blood waters! The middle of the cloud is a super tricky place to trade in. So buckle up and let's see how NANO faces this challenge!
Comment: GBPAUD Daily chart shows a potential P wave breakout. Ichimoku Trend Analysis: - Kumo (Senko span A) is up - Kijun sen is up - Chiko span above candles Next Scenario: Better wait for mid timeframe (H1 or M30) to be uptrend. Target at 1.8972 after P wave breakout.
The pair and the timeframe you see is the winner in the INDICES/METALS category with profit factor criteria From 4032 results we have for this strategy : * 1012 results with Profit Factor > 1 * 1002 results with Profit Factor>1 and Sharpe Ratio>0 * 82 results with Profit Factor>1 and Sharpe Ratio>0 and Percent Profitable>50 Using the previous data : * Best...
The pair and the timeframe you see is the winner in the CRYPTO category with profit factor criteria From 4032 results we have for this strategy : * 1012 results with Profit Factor > 1 * 1002 results with Profit Factor>1 and Sharpe Ratio>0 * 82 results with Profit Factor>1 and Sharpe Ratio>0 and Percent Profitable>50 Using the previous data : * Best timeframe for...
Comment: EURCHF Daily timeframe shows continuous downtrend as per below Ichimoku confirmations. Ichimoku Trend Analysis: - Kumo (Senko span A and B) down - Kijun sen down - Tenkan sen down - Chiko span below candles Next Scenario: Market broke the Daily support of 1.0738 level. Market below Tenkan sen shows strong downtrend. Target is at 1.0659 level.
As said in previous Chinese tech stock analysis, I am looking forward to adding big Chinese tech names during this crisis. In my opinion, the crackdown does not impose long term threat to these massive companies. China treats them as the only child, just beating them up when they get naughty. $BABA $PDD $JD are my targets. Although they all move together,...
1. Edge-to-edge play just completed on 1D XBTUSD 2. Chikou broke through price and entered cloud 3. Tenkan crossed the Kijun All signs show a shift in the market. This trifecta has not occurred on the 1D since the beginning of Oct. 2020 when Bitcoin was at 11k
I have gotten this question frequently. When I want to forecast a chart as bullish or bearish I rely on Ichimoku Trend Analysis. There are two basic components that I look for: 0: A basic rule of Ichimoku is that when price is within the Kumo cloud the sentiment is neutral. 1: When price gets above the cloud = Bullish; price below the cloud = Bearish. This is...
As we can see gbpusd is at the same resistance zone as month before and we have overbought conditions on lower timeframes most likely we gonna see bears control the trend.
Comment: GBPAUD is continuously bullish as per below Ichimoku confirmations. Ichimoku Trend Analysis: - Kumo (Senko span A and B) up - Kijun sen up - Tenkan sen up - Chiko span above candles Next Scenario: Market is breaking a key level of 1.8763. Waiting for lower timeframe confirmations for an entry edge. Target at 1.8986 level.
Comment: GBPAUD Daily timeframe shows a continuous bullish trend as per Ichimoku analysis. Ichimoku Trend Analysis: - Kumo (Senko span A and B) up - Kijun sen up - Tenkan sen up - Chiko span above candles Next Scenario: The market has been supported by Tenkan sen and bullish on Daily timeframe. Once market breaks a reversal line at 1.8763, next target will be...
Comment: EURJPY Daily chart still shows bearish trend as per below Ichimoku confirmations. Ichimoku Trend Analysis: - Kumo (Senko span A) down - Kijun sen down - Chiko Span below candles - Candle below Tenkan sen Next Scenario: Market has been downtrending resisted by the descending trend line. As long as market is below Tenakn sen, the bearish trend may...
Comment: GBPJPY Daily timeframe shows a continuously bear trend. Ichimoku Trend Analysis: - Kumo (Senko span A and B) down - Kijun sen down - Tenkan Sen down - Kijun sen below candles Next Scenario: Market is on a support zone between 149.03 and 148.51 area. Market could bounce from here and retraces back to Kijun sen. Better to wait for a breakout of 148.51...