CADCHF Short/Sell Idea
waiting for a momentum candle close below 0.7520 to sell this one
1- Regular Bearish Divergence on MACD (in red)
2- Channel Pattern rejection (in blue)
3- Resistance/Supply zone (in light-blue)
4- Double Top pattern (in red and purple)
Four confluences are enough to consider Selling CADCHF, after a break below 0.7520 (in gray)
AUDUSD Long/Buy Idea
waiting for a momentum candle close above 0.6780 to buy this one
1- Regular Bullish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Inverse Head and Shoulders Pattern (in orange)
4- Demand Zone (in red)
Four confluences are enough to consider Buying AUDUSD, after a break above 0.6780 (in gray)
H4 - Hidden bearish divergence right at the retest of the broken neckline of the head and shoulders pattern.
H1 - Price has reached a critical zone, potential bearish divergence.
We may now look for bearish setups with more bearish evidences in order to join the bears.
The total2 h&s pattern has a perfectly level neckline and price action is now going down to test it right now. I will not be bullish or bearish on the overall market until I see it confirm either a breakdown or fakeout from this pattern. I think whatever happens on this pattern will likely give us a heads up on which direction bitcoin is going to ultimately head....
GOLD formed a 4-hour double top , on the daily we see that the double top is part of a Head and Shoulder pattern forming on the daily, once price retests the double top neckline, forming the second head, I have placed a trade setup to the next area of support!!
Price action in the hourly time frame is showing us that we have a highly probable Head and Shoulder Pattern forming. The way we execute in this Bearish Market, would be to wait for the breakout of support which is our Neckline. Waiting for Bearish Reversal Confirmation at the pullback of previous structure then executing ourselves into the market after the...
After last night very clear break of the neckline-area, the bulls look stronger than last week. We had some volume incoming. Generally, the target of this A&E is around $13k, where also the former high and the Yearly Pivot is placed. Please bear in mind, that diagonal trendline coming from the last two highs, could bring this pattern to a pre-mature stop between...
Bitcoin has recovered back to the Adam and Eve´s breakout-level. We have two clearly defined ways to be double prepared for what´s going to happen next. Currently, be patient. Even if you will miss 1-2% either direction, it´s more important to catch what´s happening in between rather than losing money whilst being stopped out several times due to pre-mature...
On the 6-hour interval, Bitcoin has hit the first possible reversal price and hit the Monthly Pivot overnight. With a medium-target of around $12200, Bitcoin has support delivered by the Weekly R1-Pivot around $10400 and the former breakout level around $10100. Decisions are made here. Be smart and have the bullish and the bearish opportunities ready to trade. The...
After we have seen a steady rise, the neckline comes into eye-sight, which will roughly be resistance between $10750 and $10900. At that point will be decided if we are bearish or if we are bullish. Not much more to say today. Marked the important levels as usual.
GBPUSD Long/Buy Idea
waiting for a momentum candle close above 1.2580 to buy this one
1- Regular Bullish Divergence on MACD (in red)
2- Wedge Pattern (in blue)
3- Rejection/Support zone from Daily
4- Head and Shoulders pattern (in orange)
Three/Four confluences are enough to consider Buying GBPUSD, after a break above 1.2580 (in gray)
Price Action (Technical Analysis): We have a very strong, healthy, respective Head and Shoulder Pattern here in the 4H time frame. Our neckline is 0.89553, our idea and discipline for entry would have been entering in the right shoulder when anticipating this pattern. (Right shoulder closing at the 38% retracement complimented by loss of bullish momentum) or...
EURCAD Long/Buy Idea
waiting for a momentum candle close above 1.4730 to buy this one
1- Head and Shoulders pattern (in orange)
2- Trendline (in red)
3- Trendline Rejection/Support zone from Daily
Three confluences are enough to consider Buying EURCAD, after a break above 1.4730 (in black)
Have a look at the main weekly TF chart which shows the price of EURUSD confined in a long term held and respected wedge! The blue horizontal lines are the nearby support and resistance levels taken from the monthly TF. Several months ago this pair formed a bearish H & S pattern on the weekly chart which was broken as the price started to accelerate downwards...
we are now going on 4-5 consecutive neckline fakeouts here as bitcoin continues to walk the h&s neckline tightrope shaking the weakhanded longs and shorts alike. It could finally break and decide a direction this next move or it could continue to ping pong back and forth and grind sideways all month. Let's recall how during the bearmarket the priceaction went...