The market has come out of the contraction phase and it's currently entering the expansion phase and I think we have room to go up! I'm bullish on higher time frame on this pair and I've done you the courtesy on attaching my last post on this currency pair.
So the eurcad has been in the expansion phase over the last 3 days and it has already retested the support line and now it's back above the middle line and we also have a buy setup forming so we are looking for this market to go and retest the highs and possibly reach our target at the 127.0 Fibonacci extension!
Any different views or comments are...
The rebound from 101 continues and the market got to the within 10 pips of the trendline. The bias is on the upside and if we break the trendline and get a buy setup then the upside will be confirmed.
Levels to watch out for;
1.) Previous structure high which will now act as a minor resistance @ 112.20
2.) Resistance at 114.60 (Oct. 2018 High)
3.) Resistance at...
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Ripple has encountered a minor resistance and I think it's about to continue its descent back to the previous lows. It will a very good idea to go long on ripple if it does break the previous lows. It's currently in a corrective pattern which likely make its way down in the medium term.
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So we finally managed to get a slight rally from bitcoin in the past few days and now the market has into previous structure support turned resistance and I think we will get a slight pull back before we continue going up. Now how low this pullback with be is anybody's guess, we could go all the...
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The last few days has been really hard for the pound because it's been taking a huge beating from the dollar and we are in a situation where I think the pound will make a slight recovery until it gets to the trendline or the previous structure high and then the dollar will start swinging again so...
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Gold has been in a steady decline over the past few days and now it looks like it has reached a minor support zone so I there could be a reaction at this zone, now the question is, are gonna make a complete U-turn and go back and retest the previous highs or will the market just make a slight pullback before...
This is a bearish market but i'm hoping for a little pop so lets see if the market will give us that little move up before it continues its bearish move.
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Do I really need to explain this?? I shouldn't but I will anyway! So this market has come out of its contraction phase and now it looks like we are heading up so let's see if i'm right.
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One of my favourite pattern to trade has just given me a buy signal and this might just be a decent way to start the week so I've already got my trade placed, so let's see what the market will do from here.
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This market has tested trendline support yesterday and respected it , so this will likely signify the end of the bearish market but don't expect this to go up in a straight line! There will be more choppy trading and consolidation from here before we get a major bullish move!
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Hi, guess who predicted the huge drop in bitcoin a few days ago from 8000 to 5000? Me! However, I think now we have to start looking at going long thanks to our Gartley pattern completion. This is gonna be a long term trade so manage your risk. I've also linked my last bitcoin analysis for your perusal.
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Here we have the market coming back to retest previous structure and with the market being bearish in the last 2 days I think this could be a perfect opportunity to go short so let's see what the market will do from here.
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We have a potential bullish Gartley pattern setting up on this currency pair and this should be a good way to start the week. I'm expecting high volatility in the markets this week so brace yourself guys because we will have plenty of trading opportunities!
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Why do people think I'm crazy whenever I make a prediction on these cryptocurrencies? It's funny because 95% of my predictions on the cryptocurrencies are right so I wonder who the crazy one is. It's a shame because It hurts me to see that there's a lot of people out there who don't really understand structure and technical analysis. I showed you 2 different...