ETH in Week and Daily HTF is bullish at the moment, but 4H is showing downtrend, with no Change of Character.
3.9k marks the resistance, will see how the market react to it.
might be the end of BTC and the season of Alts
- react, don't predict. -
Good afternoon traders,
Sorry for not posting today I have been a touch busy!
Lucky for me, I haven't missed on the markets bagging some great % and $ like the other members of our community.
We should be back to regular viewing tomorrow.
In the mean time...
Trade safe as always.
Hey ya'll this is just kind of a check in. In my "we've seen this before..." post that I linked below, we talked about how $LINK usually behaves before massive runs. The price action did in fact dip to that 20 dollar lower blue line. And with that we saw a LOT of buy support created. As you can see now, on the 4 hour chart we've formed a nice higher low, above...
Hello traders, EU on a lower timeframe. EU is trying to reached the gap below and also retesting the Head and shoulders neckline and getting its liquidity back before it starts moving to the upside. Always look for candle patterns and candle form, to tell you which direction the market is going. React don't predict. If you don't see it don't do it. Thank you for reading!
Pennant Formation as a Continuation Pattern are two converging lines containing price action.
Although Symmetrical Triangle has tendency of both the downward or upward movement , on the uptrend its considered as long continuation pattern, though the entry point is only after the confirmation of the breakout.
Potential Target Zones are found...
Short term buys on lower time frame for GJ
Pretty happy with this trade over all, I could have left a runner and would have been fine. Always looking to see what I could improve on and that would be to just let my runners run.
These buys were clean and had a nice move up.
Who else wakes up in the middle of the night to trade London session?...
Well, in this second technical analysis what I make, I see a Gold bearish until the $1,722 USD until this price, because, rememebr we are in the formatin of shoulder head shoulder inverted, and so, I make a shorting movement to earn benefits in short time until the gold form the next right shoulder what is working. And so, I use 3 EMAS:
1. EMA 100
2. EMA 50
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CHFJPY – Sellers on the track
Trend: Strong Sell
Market on CHFJPY currency pair is...
NzdJpy reached a good level of support with actual room to go higher. Also on the 5 minute we have a head and shoulders setting p, still early but definitely something you can look to ride up then even down for the retest.
CLQ18 is approaching resistance zone and can potentially head back to 6550 at least. This lower TF setup is based on Gann fan 1x1 line potentially attracting supply as well an inside fork centerline being tested currently. Stop buys should be above 6650 and 2R target around 6550.
Given the huge amount of "open space" in between the most recent broken structure and the next support level, if the price doesn't fall straight to final target zone I' m going to wait for a retracement into one of the 2 hot price levels defined by significant structures broken to the downside. The two scenarios are depicted by dash lines. I've set alerts on both...
As expected in this pair continues to head south.
Right now, anyway, a nice bullish engulfing on daily is setting up at completion of an abcd harmonic move to the downside.
On lower timeframe (4h) a double bottom already completed with bullish RSI divergence.
This could trigger a...