Hello traders:
Most of the major markets suffer a bearish drop on Friday, and crypto market is no exception here.
Lets take a look at the overall development right now from a price action point of view.
We can see price has managed to push above the ATH temporarily, but failed to continue higher with any bullish price action.
Instead, what we have here is...
Hello everyone:
Welcome back to this week’s trading recap video.
Let's take a look at the trades entered/closed this week from me.
I will explain my approach on the entry, SL, TP and management.
ETHUSD: 2 positions running for +3.2%
Full...
Hello everyone, welcome back.
* This is not a financial advice, trade on your own risk management *
looking at Dot chart, and also analyzing Total market cap with it, we can figure out 2 things :
1. we have a trend line on dot chart in which everytime we hit the bottom, we bounced off and made a new high.
2. every bottom we made on dot, was also made by Total...
Hello everyone:
Let's take a more in depth look into the major indices such as US30, US500, US100, UK100, EUR50 and a few other setups.
More bearish price action continues to develop across the market in the last few days, and we can certainly be active to look for opportunities.
In my weekly market outlook/update live streams, many of these indices have been...
Here is an asset I have been watching. Though they had a bit of fallout due to the day 1 insider selling, this platform is still being used. I am expecting a breakout from the descending wedge and making its way up to the first target. However, there will likely be a lot of consolidation prior to moving to the 2nd and 3rd targets. Keep an eye on this asset and...
So I wanted to put out a chart on this yesterday when I noticed it was breaking out, but I was too busy. It actually ran a lot faster than I thought it would. Anyways, here are the targets that are moving upward from the basing pattern that was formed. This basing pattern will likely give us further targets in the future. Thanks again everyone!
Hello traders:
DOW has pushed up to the top of the current price action structure, and there is possible opportunities of a reversal.
We can see a larger, higher time frame ascending channel correction very clearly.
Price made another bullish up move, to the previous all time highs, potentially forming a double tops.
Latest development shows a smaller,...
Hi traders:
Here on NASDAQ price is once again at the top of the overall structure.
From my 2 previous short idea, they all hit the bottom of the higher time frame ascending structure, but did not continue lower.
This is simply a sign of the HTF correction phase isn't over.
Now, we are once again at the top, and bearish price action has begun on the LTF....
Hi everyone:
Also looking at SPX, similar price action across the US indices.
No difference here compare the previous analysis that I share to look for sells from the top.
Price is in a larger, higher time frame correction,
and every time when price is at the top and form bearish reversal price action, its always good to look for sell entries down.
Same...
Hi traders:
Here on USDCHF price is right back to the the previous highs of the price action.
We can see overall price is still in the larger, higher time frame consolidation after the previous bearish impulse phase.
A potential double tops, lower time frame ascending correction moving to the upside, signs of bearish reversal.
What we can expect is price...
Hello everyone:
Been on vacation this last week and haven't been posting much.
I am seeing some bearish development across the crypto market, and will pick out some sell potential.
Here on ETH, after price breaking ATH, we did not see continuation price action.
Instead, a potential double tops, ascending channel reversal structure formed, and reverse impulse...
Hello traders:
Here on GBPCAD's higher time frame outlook, we can see price is at the bottom of the overall price action.
A larger, deeper consolidation here is a good sign of a continuation development, after seeing the previous impulse phase.
Latest development here is showing a double bottoms, and some bullish reversal price action.
Watch for this inverse...
Hello traders:
Similar like ETH, we can see DOT's price has reach ATH, but did not continue upwards after.
Instead, we see a potential double tops, and a Head and Shoulder developing. Good signs of bearish reversal possibility.
Wait for the right shoulder to develop, as a bearish continuation correction on the lower time frame,
that can be the confirmation...
Hello traders:
Similar like EURAUD, we can see some good bearish confluence on EURNZD as well.
After the higher time frame impulse move down, we see a correctional phase of the price.
Once the consolidation finishes, we then see another impulse phase down, breaking previous lows.
These are good development to indicate further downside is possible.
Latest...
Hello everyone:
Not many trades entered this week.
I was on vacation during the week so wasn't too active on the charts or in my community.
Will share these trade results from entry, SL/TP, management and overall analysis.
EURAUD:
Full...
Hi everyone
USDJPY and other JPY pairs have been showing signs of weakness in JPY.
We can see from the higher time frame that price has already impulse up and out of the larger, correction.
It formed into a smaller continuation correction which is what we see here on the lower time frame.
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This is all good to see from...
