Brian says hello, everyone! Today, the USD JPY exchange rate continues to remain high in the market for several months. Currently, there is nothing impacting this currency pair on the market, and indicators like RSI and EMA continue to support the upward trend. However, there may still be short-term price corrections. The overall trend is still upward. At the...
Hello everyone! Today, the Euro has made efforts to recover after hitting a new low in several months below 1.0450. The 4-hour chart shows a clear downward trend, although there is some short-term recovery. The outlook remains bearish as long as this currency pair stays below the 1.0640 level. And you? What do u think ?
On the above weekly chart price action has corrected 95%. A number of reasons now exist for a bullish outlook, including: 1) Price action and RSI resistance breakouts. 2) Regular bullish divergence. 3) What was said above is also true for the ATA-BTC pair. Is it possible price action corrects further? Sure. Is it probable? No. Ww Type: trade Risk:...
On the above 2-day chart price action has corrected over 80% since the beginning of the year. A number of reasons now exist to consider a long position, including: 1) Price action and RSI resistance breakouts. 2) Price action backtests past resistance as support. 3) Price action tests the ‘bottoming candle’. 4) Regular bullish divergence. Was asked about this...
GBPUSD was in bearish trend for quite some time 1.20700 was targets for head and shoulder bullish divergence on 4hr and channel top of DXY
Brian hello everyone! USDJPY is currently at 149.60, a high level in many months. UJ continues to demonstrate its strong ability to increase in price within the upward trend channel. Both the RSI and EMA indicators indicate the likelihood of continued recovery support, with prices possibly fluctuating within the range of 149.7 - 148.55 before reaching the level...
Brian, hello everyone! GBPUSD is still trying to recover from its losses. The Relative Strength Index (RSI) on the 4-hour chart remains below 30, indicating an oversold condition. The GBP/USD is trading slightly below the lower limit of the descending regression channel. If this currency pair undergoes a technical correction, it may encounter resistance levels at...
A simple scenario with 3 elements that might occur for a potential shorting setup. In case a new high is formed and resistance is met at the orange line with signs of a potential turnaround, the case for the short becomes even more relevant if a divergence on Awesome Oscillator appears. There is an interesting support curved trend line following the previous lows...
Hey Rich Friends, Happy NFP Week! Please remember to check the news and trade with caution. To start this week off, I think EURJPY will continue to buy and here is what I am looking at: - Candles rejecting price going lower in the demand zone - Candles are above both EMAs and the blue EMA has crossed above the purple EMA - MOM is facing up and positive -...
On the above 3-day chart price action has corrected 50%. A decent long opportunity now presents itself. 1) RSI and price action resistance breakouts. 2) A bull-flag breakout + confirmation. 3) Price action confirms past resistance as support. Is it possible price action falls further? sure. Is it probable? no. Ww Type: trade Risk: <= 6% Timeframe: Act...
At this point, I would expect another retracement to 106.50 area before proceeding with the trend. I will look to go long at this point. This is still at least a few hours away.
On the above 10-day chart price action has corrected 98% since 2021. Now is an excellent long moment. Why? 1) You know why. 2) Price action, RSI, MFI resistance breakouts. 3) Bullish divergence. Lots of it. 9 oscillators are printing positive divergence with price action. 4) No stock splits. 5) High short interest. A number of hedge funds as well as private...
On the above 6-day chart price action has corrected by 95% since January 2022. Today is great long opportunity. Why? 1) RSI and price action resistance breakouts. 2) Multiple oscillators print bullish divergence across a 4-6 month period, very powerful. 3) Seller weakness. Notice the long candle wicks into seller territory? This is especially true on the BTC...
AMEX:SPY October 4, 2023. 15 Minutes. Down trend continues. As expected once 424.52 was broken it was non stop downtrend till 420 levels. We are nearing the important 418-412 levels. Yesterday made a mistake as i missed to see the 100,50 averages near 427 levels. AMEX:SPY made a high 426.65 and reversed getting resisted around those average levels. When...
This is not going to be popular… This idea is a continuation from the “Cardano (ADA) to 80 cents” idea published in September 2021. I’m now satisfied the conditions for continuation have now been met. Before the critics come out on mass, check out the 80 cents idea below before commenting. I’m not interested in tribal whataboutery, I’m only interested in the...
USD JPY tapped into the strong resistance and watch the video to understand how to trade it
CAPITALCOM:US100 has broken the neckline/support after forming Head & Shoulder pattern (Bearish Reversal). Check out previous post for CAPITALCOM:US100 to find the full analysis!
Here I made an elliot wave count, this is a complete wave assuming the 5th wave is short like in 2013/2014. I will look into making an alternate count that shows one more 5th wave to go before a major correction like 2014/2018... Or unlike we've seen in bitcoin history? 60k-1k??? Well no need to get too excited, time will tell which way we're going and it's too...