Whats up everyone?
This is a quick update about my trade from yesterday.
We are looking at the USDJPY pair on the 4h timeframe. We saw a massive bullish trap on yesterdays trading close.
We are short from the top, where the trap happened. Our first position also was stopped out.
Price did break old highs within an hour although no news were happening.
After a pump on BTC, XRP not follow the trend of the biggest market cap coins against USD, and lose value pair BTC, on this region of 30 cents is a very strong buy, soon will pump hard.
Mega divergence on RSI on daily chart
EURUSD has been trading within a predictable pattern and range. With US GDP tonight expected to be bearish and no major Euro data, EUR/USD presents a good long opportunity after the dip from US dollar strength and bad German data. Also great entry point for a sell at the top of the descending channel. Yellow support line hasnt been broken since June 2017.
We should now be in wave ((c)) of B, unfolding as an impulse higher.
Now in wave 4 of it.
Once it ends, we'll see one more push higher with first resistance at 1.703
and second and biggest one at 1.720 from where a big reversal should happen
towards blue wave C lower that could get us down to 1.575 ~ 1.558.
If for any reason price goes straight below 1.660, the...
NZDCAD is triggering a bullish wedge pattern on the daily chart, after finding strong buying power at a horizontal support zone previously. (Setup posted recently).
The bullish divergence is also still in-tact. Overall, the pair trades near the lower range levels and has more upside potential.
Today's risk-on market environment and week/month-end profit taking...
This chart really applies to the comings days and is not a reflection of my long term bias. Trendline to be hit, yellow arrows is the idea
Join our Gold FX Collective Discord group - Here's your Invite discord.gg
Also live streaming on twitch, give a follow over at www.twitch.tv
An up move to come imminently. My BUY button was just pressed until 5770 USD!
Bitcoin is bullish indeed. There is 2 micro-crossing which happened not that late. I've tagged the first one on April 22nd 2019 at 15:00 (3PM GMT). That ended in a huge move really soon.
Another micro-crossing has just happened on the last hour. Those 2 micro-crossings are visible in...
We are still inside a bullish momentum supported by multiple uptrends and supports. The last dump was indeed able to break the newly built supports BUT the old supports and definitely the stringest ones are still in play, pushing us above any bearish trend and resistances. For now we are exactly testing the most powerful uptrend supporting us since 3800, if we...