For the past week during the London into New York overlap price has been dipping down for a daily entry finding your close at or just after the close of the New York session. I marked the entries and exits with a red rectangle on each day this pattern has been currently appearing.
It's a pair that some traders are finding difficult to trade but let me break it down for you:
- Bull Flag - Resistance area: 1.31400 areas and that's where the target of the Bull flag would end. (Patterns don't always work out - that's another thing to keep in mind that's why looking at the levels will help).
If we were to decline the areas that...
My previous analysis of XAUUSD (published on 28th of February) was quite accurate, we are entering a new ATH on Gold.
There is more and more hype in the media related to Gold and Silver, which suggests that price will return to its Exponential Moving Averages (EMA Ribbon -...
As my bias on USD strength, so do I see opportunity here on USDCAD.
We see similar price action in the past, and I do expect a short term buy potential on the intraday chart.
The most recent price action is approaching a potential double bottoms, price moving down very correctively, forming a falling wedge structure.
I do like to see price...
Here on XRPBTC, I see a potential breakout from this correction structure.
We see price formed a decending channel, then a bull impulse up.
I like like the continuation correction forming here, expecting price to break above.
Like I always do in my analysis, I am waiting for confirmation in the price action.
Once I see a confirmed breakout, I...
Today I decided to pay tribute to the manga masterpiece 'Naruto' from which I learned how to draw. Thanks Kishimoto!
Well this happens when a genius is bored. LOL.
* I don't use SL.
* Use risk management.
GNUS is one of those stocks that I didn't like from the beginning given the overly speculative investing and what seems to be somewhat of a pump activity going on. Regardless, funds have been overly bullish on this over and over, not paying attention to key patterns. Right now, I expect a continuation of the bearishness, and this should even go down at least to...
XPTUSD long term analysis and approach.
We see price had a massive dropped from mid February, and have since made several bull run to recover much of the price.
The current price action is showing a larger continuation structure, indicating more bull momentum could come in once the correction finishes.
I would go down to the lower time frame to...
Looking at NASDAQ for bearish short term sell opportunities.
We see price is in this larger channel structure, pushing up the price since Covid.
What I like about the corrective price action move, pairing with the recent movement of a double top.
Price did broke down and forming a continuation structure. I would be looking for sell entries when...
ETHUSD is looking good now for the buy move to the top of the structure.
From my forecast and analysis from 2 weeks ago, I mentioned I would like to see a completion of the correction structure to push price up.
We do see a confirm break out from that structure, which is a good confirmation for a bullish momentum.
All I want to see now is lower...
As you know I do have a long bias on USD.
I see DXY could potentially have a bullish breakout, and in come the USD strength for up coming weeks.
I do want to see if price will break out of this descending channel structure, follow by a continuation structure to push the price up.
If we do see this move, then it gives other USD pairs extra...