USDJPY is still in the long-term downtrend channel.
As the US Dollar Index weakens, non-US currencies will continue to appreciate, and the Japanese Yen is no exception.
On the picture, the H4 of USDJPY is in a long-term downward channel. Even if the Bank of Japan continues to block the rise, it can hardly stop the weakness of the US dollar. The yen will continue...
We are seeing an ascending channel formed on the uptrend.
I believe we will see a Head & Shoulders pattern formed within this channel for a small pullback before breaking the channel to go up. We are currently in price discovery and I'm not seeing any reason for a slow down. This is always fun, bc if you buy right you can just trail your SL or TTP...
Today I'd like to share my GBPUSD trade idea with you.
We're seeing Dollar weakness as at end of July. I expect GBPUSD to continue it's rally to in and around the 1.30000 psychological level. I also expect price to react quite strongly at this level, to push to the downside.
Potential downside targets can be in and around the 1.24500 level (550 Pips). Some...
My analysis for today is essentially the same as yesterday and really the entire week. The price has been consistently setting lower highs which screams bearish to me. The arrows I've left on the chart are from yesterday's analysis. I figured the price would either immediately drop or rally up to 9.4k and bounce off the resistance and fall down 9.3k. My timing was...
Bears will always believe they have the upper hand untill 20k breaks. Well, we ain't there yet and there are some big resistances to break before we will get there.
First one being 10k of course!
And what do we know about a horizontal trendline that has been tested week after week, day after day again and again? (Please think about the oh so strong 6k horizontal...
WTI crude oil prices rose significantly with a very modest rally in the last few sessions!!
on D chart, we can see that the price seems to form an inverse pattern of head and shoulders (Unusual) suggesting a possible continuation of the signal with a positive trend.
however, the move may be corrective because the price may form a continuation pattern or...
Btc is making it self ready for the next bullish run, the analysis is different from all other midterm bitcoin phases so I'm very curious how big this move will be. The new run will start in 3-10 days from now.
The price has retested the 61.8% fib retracement level.
RSI is above 50
MACD crossed below and above the signal line
There is a trend line break of the triangle (flag correction pattern)
So we are ready to enter the trade at current market price with the following parameters:
Entry: 17.70 $
Stop Loss: 17.40 $
Profit Target: 18.84 $ (the...
After seeing a rise in the price of 1600$ (23%) in 6 days, can we simply assume that Bulls wons and that we only long from here?
Well not exactly, it's the 4th time that we get massively rejected on the top of the trend line , this means that bulls are far from winning at the current moment, in fact now bears could get an advantage.. Why?
- Over 300$...
The correction seeing on USDJPY could let prices fall a tad lower, providing a better structure for minor A.
This should be followed by a "three" correction, where minor B is going to offer some buying opportunities in the short-term before sliding lower towards the golden Fibonacci retracement level of 106.67.
Better remain patient for minor B to...