There appears to be an Adam & Eve reversal pattern forming on the XRP charts. The volume fell during the Eve curve and could continue to head up after the resistance breakout 1. Note: The environment is very volatile, there is the possibility that prices during the Eve formation test the Adam low/high before completing the reversal, a pattern failure here could...
Target 1 - 25073 Target 2- 25844 Target 3 - 29624 (there are interims) SL - Kijun Break on 4H (reassessment)
We're coming up on the top of the previous channel. The election was just called in favor of Biden. I would have more confidence in calling a long here but election jitters might break us back into the previous channel for a lower bounce.
There is a bearish divergence on the daily & 4 hour RSI. The last time we saw a 4 hour divergence matched with a bounce on the 50 EMA line we saw a continuation downwards. We are also pushing up towards a very strong resistance line. I suspect either a break of the EMA heading towards a bounce around $12.4k or some more time bouncing between the EMA and the...
4 Hour RSI is showing a bearish divergence but recent days have proven the RSI indicators on both 1 and 4 hour to be untrustworthy. Getting through or bouncing off of 13900 with enough momentum to break 14000 within the next day or so will tell whether this bull run will continue, or if we will slip into bear territory. Manage risk, set stops, and enjoy the ride!
So the Bear hidden in this long term Bull makes me wonder if there's yet another pull-back coming... Case For: Bear Flag / rising wedge - if this suggested pattern unfolds, does this create a Bear Flag or rising wedge which would break south as they do? EW waves - obviously short term, but if this price action unfolds, these waves make sense especially on longer...
Noob Analysis please PM pointers and Tips Dont be Mean!
Quick Scalp Analysis don't judge me please feel free to private message any pointers!
Quick Analysis for 15 min Still Learning Dont Judge Im Going for a buy
I'm not doing this seriously, but this should be a fun experiment. I'm applying a brand new strategy here, trying to use the weekly and monthly levels. It would be too crazy if this actually works out, but hey, you never know until you try... Hey, before you scroll through and ignore this idea, just please check on the future price movements. Again, if it...
So I made a buy limit order on CHFJPY , made 1.55R, not too shabby. Except that it didn't actually happen! CHFJPY reached the entry price of the order, but it did not get filled for whatever reason! Wish I could publish this idea on the 1-minute timeframe, to underline just how precise the price has reached the entry point. Just something that I want to tell...
Entry @70.952 SL @71.065 TP1 @70.25 TP2 @69.877 Oh, and did you know that it's literally 12 am in my place? I didn't stay up all night just looking at charts, I watched a couple of gaming live-streams here and there. Since I am kinda exhausted right now, how 'bout I keep things a bit short. Analysis details are all there for you to see. 6R trade, never...
Yesterday, a lot of currencies moved abnormally, in that they created a candle with a really huge wick. This must've been the manipulation after the huge shorts that were made. Price is almost finished filling out the huge wick, and since other traders are gonna go long after seeing this huge up move, the market makers are gonna plunge the price down. So that's...
Made this analysis using multiple fibonnacci retracements about a month ago and it appears to still be valid. I'd originally thought there would be retracement to the 1900s... wish I'd taken that trade! I think based on the current pattern there should be at least one more dip toward the 1903-07 range before possible reversal. Just as a note- this is in no way...
From what I can see the long term of the EURJPY still down trend. It has broken out the wedge pattern that has form since around 2008 and has broken out around aug 2019. currently the bottom of the wedge is being tested again and IF the end of this month or couple months from now show any sign of bearish trend shift again would be a good time to find opportunity...
EURUSD analysis for next week. Fundamental analysis: From the last week, EU leaders had a first face-to-face summit in months to thrash out a post-coronavirus economic recovery package. Every EU leader had a positive comment about it but some of it disagree with how the money should be handed out. This gonna be a good news for Euro. If you have any opinion...
AUDCHF analysis for this week.. Leave a comment if you have any opinion about this..