With the sentiment being bearish, our focus is dedicated towards entering short positions. Moreover, now that the price has reached and rejected the crucial area of resistance highlighted on the graph, we are looking into executing SELL entries and riding the potentially upcoming bearish wave with our target at the level of support portrayed on the chart.
It is...
As it can be inferred from the H16-timeframe graph, the price has been able to break out of the ascending channel portrayed on the chart and re-test the lower boundary of it before printing an impulsive bearish leg.
Afterwards, the 50% Fibonacci retracement level of the formed bearish leg got rejected, giving us extra confirmations on the bearish bias.
Judging...
Our previous Bitcoin idea was met with.. let’s say some minor "backlash" from enthusiasts who hold all of their assets in BTC without diversification and thus refusing to understand the cyclic nature of all the processes in the universe. Well, ever since that post, we:
1) Successfully identified the start point of the current bearish rally
2) Are more than 12% in...
As it can be derived from the high-timeframe chart of 16H, after penetrating through the lower barrier of the ascending channel illustrated on the graph, the price is now headed towards the highlighted region of resistance that lines up with the 61.8% Fibonacci retracement level identified from the recent impulsive leg.
As our sentiment remains bearish, our...
As it can be inferred from the Daily-timeframe graph on EUR/USD, an ascending parallel channel has been formed and the price has recently been able to form a bottom reversal pattern on the lower barrier of it.
From the looks of it, the price is getting ready to soar towards the upside, and hence, our sentiment for this pair is bullish.
By entering long-term...
Today, we will examine USDCHF from a multi-timeframe perspective.
Firstly, looking at the WEEKLY-timeframe chart on the left-hand side of the screen, it can be observed that the price has nicely rejected the key region of resistance aligning with the 50% Fibonacci retracement level identified from the massive Weekly TF impulses.
Narrowing into lower-timeframe...
Taking a look at the Monthly-timeframe graph, we might observe that the price has heavily rejected the major level of resistance that has been highlighted.
Zooming into the Weekly Timeframe, it can be inferred that the price is currently sitting on a previous region of resistance now acting as support. If the key level we are currently sitting on gets...
Looking at the Monthly-timeframe graph on the left-hand side of the screen, it can be inferred that the price has been able to reject the crucial area of resistance highlighted on the chart that lines up with the 50% Fibonacci retracement level drawn from the top to the bottom of the bearish rally commencing in April of 2022.
Zooming into the Weekly-timeframe...
After a consecutive streak of printing numerous wick candles, we can finally observe the price attempting to impulse towards the upside. As highlighted on the chart, drawing two diagonals, a triangle pattern can be identified.
Now that we can see some signs of a breakout from the formed triangle, we are more or less confident that the region marked on the chart...
Looking at the Weekly-timeframe graph on the left-hand side of the screen, it can be observed that the price is approaching a key level of support that aligns with the up-trending diagonal highlighted on the chart.
Zooming into the Daily TF chart, we may identify a preliminary entry point that we will have our eyes on for entering long positions and riding the...
First of all, taking a look at the Weekly-timeframe graph, we might observe how the price has succeeded in rejecting the crucial area of resistance that aligns with the 38.2% Fibonacci retracement level. Zooming into the DAILY TF graph illustrated on the right-hand side of the screen, it can be identified that the price has printed a long wick by rejecting the...
First and foremost, please, do not mind my Picasso-esque drawing.
Secondly, and most importantly, a massive triangle pattern has been formed and we are awaiting a breakout + pullback (re-test) of either one of the barriers of it before forming up our bias. If the upper diagonal gets penetrated, then we will wait for a slight retracement before - potentially -...
Deriving from the Weekly-timeframe graph on the left-hand side of the screen, the price is headed towards the crucial area of resistance lining up with the 50% FIbonacci retracement level highlighted on the chart.
Zooming into the H16 and lower timeframe charts, it can be inferred that a crucial area of resistance has been reached and the price is attempting to...
As thoroughly demonstrated in the publication made on Gold last week, deriving from the Weekly-timeframe graph (on the left-hand side of the screen), we are anticipating for the price to pull back into the crucial region of support lining up with the 50% Fibonacci retracement level as highlighted on the chart. Zooming into the H4 TF and adding up to the...
Conducting a multi-timeframe analysis and taking a look at two major timeframes - the Weekly and the Monthly - we might observe that the price has reached a very important level of resistance (both technically and psychologically) and rejected its borders.
Although the long-term sentiment remains bullish, we are expecting a short-term drop and eyeing the area of...
Having conducted a thorough MTF analysis of EUR/USD, the following observations could be made:
Weekly: as it can be inferred from the Weekly-timeframe chart, the price has been shooting wick candles and failing to break above the major resistance highlighted on the graph. The ongoing Weekly candle is looking massively bearish, and if we get to have a such...
As it can be inferred from the H8-timeframe graph, the price has made a successful initial bounce off the 1.331 - 1.332 area of support that is highlighted on the graph.
Observing the ongoing price development, is can be noticed that the price is failing to push higher, and that it might perform another re-touch of the same zone (1.331 - 1.332) and form another...
As it can be observed from the Daily-timeframe chart, the price has nicely broken and re-tested the 0.879 - 0.88 area of previous resistance now turned into support.
Zooming into the H8-timeframe graph, we can see that a massive wick candle has been printed to re-touch the same key level and grab some liquidity laying below it.
From here, we are expecting for...
