During the past couple of month, the crypto market has been going through two major phases. The first phase, that took place during December 2017, was a strong uptrend amongst most coins, substantial growth, and almost a non-stop rise. The second phase, that took place During January 2017, was a consolidation phase, where most coins have been correcting down...
It was a great rally across many cryptocurrencies during the past months. There was a huge growth by some coins, gaining x10, x20, x30 or more, where most cryptocurrency traders were profiting disregarding the coin of their choice. However, there are always times of consolidation or a correction. And this time is now. The cryptomarket is not stagnating, which...
Here we can see a few altcoins pitted against Bitcoin, to see how the fiat value of each evolved throughout the year. Investors look at these metrics often, and in this case, it tells us about the relative strength and liquidity, of all these instruments, and potential risks when being invested. ETH started very volatile, but while it was in a positive trend, it...
I have been monitoring the formation of a rising wedge on the EURJPY pair. Formation performance has been estimated at around 260pips and I will be entering a short pending order as soon as I receive confirmation for the break-out. I can also see the confirmation of a double top formation (or a 2618 play) in the making should the price move further South which...
Looking over the Weekly chart for the EURUSD pair we can identify an attempted break-out of the rectangular formation, expecting a continuation of the downtrend dating back to May 2014. The above is also supported from a shooting star on May 2016 (to my eyes at least), clearly indicating a short move, and we have been looking at the price tag going South since...
Based on our previous long-term analysis (please see links below), our general feeling regarding the EURUSD pair is going short. But, as we mentioned on the original idea, we would expect the price to retrace and retest the previous structure support that was broken a few days back on the 1.05700's region. We believe that this falling wedge formation may...
As described in the original idea, we still believe on the long move of the price due to the formation of the falling wedge. The bottom support has moved short a few pips but the formation is still valid (to my eye). Please monitor to avoid a false break move, be wise to wait and confirm the move using other means, timeframe and/or indicators. The stop losses...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... 1482 Cross-Rates (2016 Statistics) @ drive.google.com 39...
Take care & analyzed it again - it`s always your decision ... (for a bigger picture zoom the chart) This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... 1482 Cross-Rates (2016 Statistics) @ drive.google.com 39...
A falling wedge has been forming on the GBPCAD daily chart that lead us to expect a possible Long break-out with different performance ranges. We would wait for the confirmation of the break-out (use any tools that suit your style), and trade long with TP in regards to previous structure support levels as well as a safe SL. All feedback is highly appreciated.
Looking back at the bigger picture of this break-out, there could be two additional targets for the price to go lower. Looking closely, the formation of another rising wedge ( ) over the last two weeks with Stochastic indicating an already overbought condition. Resistance should be around the 0.74950 mark although there is also an advanced pattern completion a...
Breaking down the long-term short of EURJPY as described in the " EURJPY going short " idea (see below) as well as the initial break-out performance, we have come to witness a possible continuation in a similar fashion. Note that the long-term trendline forming the top wedge (based at 121.977) is still strong for a new-forming, even-bigger wedge, with the...
Looking a few days back, there is a excellent morning star signal that does not quite come through until the news today where the 123.000 level was retested (false break). Looking at the structures performance there is still a bit left to go with open retracement opportunities (scalping short-term buys). Price expected to reach the 120.800-120.750 range where...
The thought of reviewing positions may trigger anxiety for some people; however, reviewing past trading positions is essential to making progress and improving your performance. Reviewing winning and losing positions can give you a more realistic picture of your trading behaviour and can help you evaluate your trading style for areas of strength and areas that...
DAX moved sharply higher last week so it looks like it is making nice five minor waves within black wave 5. We are looking towards 10900 area while price trades above 10460. Later price may make a minimum three wave correction and move lower. www.ew-forecast.com @ewforecast
Clearly two currencies stand out from the field: JPY and GBP. First for the safe haven flow, second because of renewed Brexit fears.