Good morning guys,
sorry if I am a little quiet at the moment, still struggling a bit here.
Anyhow, I am aware a lot of traders already called the bottom and classified bitcoin´s recovery as break-out. I´d be very careful with this, due to the fact we are just in front of the very important Monthly Pivot, that usually has the ability to turn the picture very...
XAUUSD is in bullish momentum at the long/swing terms.
If the price will breakout the support below it indicates the price tends to reach the demand below,
In that case, I'll look for a price action setup to sell XAUUSD, the demand below will be the target.
This demand is also a great level to buy XAUUSD and join the bullish momentum.
The target for the buy...
For the long terms, as we can see on the W1 chart on the left side of the chart, the USD/JPY tends to reach the demand at the bottom.
On the H1 chart, we can see how the price creates 2 fresh supply levels above.
Each one of the supply is a potential level for continuation sell trade.
I'll sell at the supply above and the stop loss will be few pips above this...
A Confluence of Bullish Outside Bar Candlestick Pattern and a Significant Support Zone
GBP/USD has formed a bullish outside bar candlestick pattern in the H4 time frame.
We can see in the H4 chart how the last big green candle in the picture attached engulfed the previous four candles and closed at the highest.
If we look at the high time frames charts (W1 or...
Despite The “Ships War” in Strait of Hormuz, USOIL Keep Falling Down
In the W1 chart on USOIL, the last candlestick ended as a bearish engulfing candlestick which engulfed the three previous bullish candles.
We can see how the big red candle on the picture closed below the low of the three previous bullish candles.
That bearish Engulf Candlestick is a signal to...
A Confluence of MACD Divergence in W1 Chart and Fresh Demand in H1 Chart
If we look at the W1 chart of GBP/USD, we can see the price just arrived into support zone.
The source of this support is a demand level from April 2017.
In December 2018 the price tested this demand twice, and now, it's the third time the price reaches there.
A demand level that tested a...
Alright, so this pair offers a pretty good looking shorts, as previously the trendline has broken and now it's also retested.
4h candle printed shooting star giving a good place to set stops slightly above. And, targeting to -38.2 and for tp2 61.8 fib extension