A quick BTC/USD update: At the moment, BTC is testing its crucial Descending Resistance Line of its Triangle Pattern as well as testing its crucial Resistance Area. Note that BTC has found resistance from this Descending Resistance Line 3 times previous and you can clearly see the interactions of the previous Daily Candles with this Resistance/Support area. Note...
When I just opened the chart I saw a rapid decline from the Kijun-Sen and moving averages towards the bottom of the cloud. I expect price to move all the way to previous range low and put stop right above that range where the Kijun-Sen confluences with that line. Once I master this form of charting Ill start educating, my goal right now is to become a profitable...
BTCUSDT Wait for 38% Pullback and Entry at Order block TARGET WAVE 5
We made a nice double top right here still looking for bounce from red line. This is a reminder to myself to be patient and not open trade the moment price touch line but wait to see if it respects line.
WTI Touched its High and now requires a correction down to the bearish Kumo.
This situation is very likely to play out on BTCUSDT pair. Looking at this doom triangle and all the uncertainty in the market this is most likely going to result in a crash after breakout. Some hope for holders: This setup is so clear and logical and I see alot of people post about it, now look at it from the perspective of the composite man/market maker. How...
Pullback in downward trend. This trend is not only short term down but in the very longer term we in a channel downwards. I expect this trade to go very well. Stop right above slow Kijun-Sen and past fast Kijun-Sen line, right in the cloud, this should be a very strong resistance level. Take profit at 2X stop loss.
✡️ At the end of June 2021, I predicted the last correct BTC according to the prediction (time). Thereby creating an equilibrium with strong price in this area (29k-35k). 1️⃣ After creating the double top pattern, BTC reversed and the price is now responding to the previous balance area (32k). From the point of view of ichimoku BTC is currently on the cyclical...
The EURGBP pair is showing indecision at the top of the range but given the very long term trendline (purple) close to top I see price will go back down. Stop right above previous high in a safe area, this is the moment I would call the range to have transformed into a breakout. TP close to bottom of the range with 1:2 risk to reward.
I have been watching this pair very closely today as it broke the very long term trendline (purple) and I am expecting it to move back down to the bottom purple line of channel in due time. Distance from Kijun is also very high and a retracement has to happen naturally. Possibility is to wait for more clear trend direction change and use a bigger stop loss instead...
We crossed short term trendline at 8:00 and retraced back to it but this time we also have a situation with support of previous range. I expect a nice move up from this zone, a different trading plan would be to move stop below the zone by quite alot and move take profit higher for a more long term swing. I recommend the shorter term move however with all the fear...
Time to open a trade on ETHUSDT short with bounce from top of current range and kumo clouds back to the bottom of the range. Stop loss can be put quite conservative above recent highs and past kumo resistance line. TP at range bottom.
We broke the uptrend trendline and after that broke support. We might see acceleration to the bottom of the longer term Kumo Cloud. This is a very low risk for high reward trade.
CADJPY shows signs of an upward trend. this was determined by ichimoku analysis. I have marked 3 marks which include tenkan, kijun and chiko span bent upwards this is called "sanyaku koten". even the cloud has also twisted and bent upwards. I will wait for the break 92.154 first to open a position.
We just got a bounce from the kumo clouds and key 1.273 level. We are quite likely to go back into consolidation or get a break of the trendline to the upside. I've marked a safe Take Profit area in the case you go long after trendline break.
A couple days ago we got a morning star bounce from the 38K-39K support zone right into double Kijun-Sen. We currently are back into the zone and I expect the pair to consolidate for a while in between Kijun Sen and support area. This to me is day trader territory and not clear enough to see if we get a trend change to the upside for a multi week position.
The NZDJPY price pattern has formed a broadening wedge/trumpet but in Ichimoku's analysis it will almost form a “Y wave” if a bearish probability is formed due to the appearance of an “S Wave”. but if the resistance area on 28 May 2021 is broken, the price pattern will form an "N" wave and the price will fly. here's the scenario I think will form. don't go...
today the price of usd jpy has broken through support 5 years ago. supported by various macroeconomic indicators and technical analysis. we can find a symmetrical triangle at m15 usually this indicates that there will be a continuation of the trend. don't go against the trend !!