Hey Trader, please see my current idea on USDJPY where my counts suggests a potential short swing to the 1.618 extension. For further information please see below. RT
BNB made a high against ETH on the 12th of April 2021 and then trended down until August. Since then there have been three attempts to break to new lows (yellow circles) that were unsuccessful. A consolidation range has followed but more recently we are seeing BNB quietly and discretely building strength over ETH. We are seeing a slowly rising RSI and can now see...
Solana is a great piece of technology that solidly challenges Ethereum’s dominance. While the easy money has been made in Solana, we expect more gains ahead. But Solana traders should watch the targets we’ve given, and take profit as they are reached. Crypto cycles are spectacular but that upward movement doesn’t come for free, as crypto bear markets are brutal....
There is not much between ETH and BTC at the moment but I currently hold a long term bias for ETH, but a short term bias for BTC. Long term ETH has been trending up against BTC but has now been in a consolidation triangle since the middle of May this year. ETHs recent short term uptrend has broken and BTC currently has the upper hand. I might note at this point...
For those of you who trade on Binance this chart is of more interest. With BTC, ETH and BNB being the major trading pairs on Binance it's good to understand which of the three is outperforming over time. While ETH has been outperforming both BTC and BNB for some time, over the last week we can see in this chart that the tables may be turning towards BNB. Both the...
Trades were pricing in more volatility for the BoC via a loftier implied 68 pip break-even, but in the event Usd/Cad only moved in the region of 40 pips, initially, as the Bank largely stuck to the script and rolled out a very similar accompanying statement to the previous one from July - bullets and a link to the full text available via the Headline Feed at...
Looking for short Trend line broken Market didn't touched weekly line yet that's the reason we are going to shot here from the bottom we try to put our long position
CADJPY broke the symmetrical triangle pattern and has a probability to continue moving upward. The momentum indicator is flattening in the overbought area, indicating that CADJPY has a chance to create a base before going up to the target area. The Roadmap will be invalid after exceeding the target or support area.
- Before anything, I would like to say the less aggressive way to take this position in my opinion would be to wait for this to break and retest the lower high/previous resistance, as shown in the chart. - RSI oversold on 1H time frame - Most likely will need to correct on the 4h timeframe, possibly to the 20 period moving average on 4H (again, high risk unless...
The currency pair USD/RUB looks that preparing for a lower low on a daily chart. The technical picture shows that the pair is now testing one of its key support levels around 72.60, which are the lowest points from December 2020 and March 2021. At the same time, the rate is in a strong downtrend on a one hour chart from April this year, and it looks that it will...
I think the price wants to start a new downward trend . If the price can break its correction trend line, we can sell it with the target of 120.120, and if it can break it, we can sell it again after the correction to 118.777 . But if it breaks its resistance, we will continue the upward trend, we can buy it after the resistance fails and corrects it.
The pair is breaking through a strong resistance line, which has been retested several times in the last weeks. A possible positive movement is expected. Take your profits at the shown levels. TP1: 1.47880 TP2: 1.48430 For the idea, I am using a 4h time frame. I believe in bigger time frames, as they prove to show more stable results. Please like and follow, if...
This is my read on this chart
DOLLAR IS DOING PULL BACK ON ITS WEEKLY CANAL AND SHOULD GO TO TOUCH INITIALLY THE FIBO 38. SO IT IS A GOOD TIME TO SHORT GPBUSD EURUSD ALL PAIRS USD....
We saw a JPY resurgence through the trading day yesterday. This has seen price retest the top of our range after the strong breakout. Where is price heading next on this pair? Are we due EUR strength across the board?
See how bears failed to push price down to support. This is our first indication that bulls are beginning to take control of this market. Bulls did indeed take control and we've seen a breakout overnight of this range after some indecision at our key resistance level. Where will price head next on this pair? Interested in talking trading over the weekend? Why...
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