Hey, Had a look at USOIL - there are a few possible patterns that may be playing out on it (it's surprisingly ambiguous - this pattern is not what I had originally thought for it, but it is a possibility). The pattern shown here is a Neautral Triangle for Wave-2. We should continue up to ~$95, at which point we will reverse back down to ~25, then begin the...
I have been pondering over this long term view for some time, it is quite interesting actually. Given that the current possible correction we are in is given a chance to play out, we could soar to new heights in the coming years. A lot of factors have to line up correctly for this to be a reality, but I thought it to be an interesting possibility. Thought I would...
based on trendlines, support and resistance these are the two scenarios i think are very possible. IF scenario SHORT plays out, we will get a relatively big pullback to ~$1320 - geopoliticaly i think the LONG scenario plays out, but we never know what trump tweets next, so, stay safe guys!
Waiting on the side to see if one of this lines holds on Ada/Btc. If they do i'll go long for sure, but we need to have no daily close inside the previous range otherwise not interest in any long I'll post update on this one
Made this chart based on 2015-2016 chart. It is possible that we would not get lower than low of Dec 10. It's a speculation chart based on historical pattern. Although, if this is what we get than we are consolidating between 4500 and 3400 until ~ August. Long term bull run to start in the end of summer 2019. Also look at blue arrows, you can clearly see it...
EURUSD has broken out of my large structure/support line but not with much surety. Looking at the latest 4hr chart and it seems bullish may have gaining strength to go nearest 1.13500 level. On the other hand The US Dollar Index, which advanced to a fresh 2019 high of 97.37, was last seen down 0.1% on the day at 96.90. Investors may also be looking to book their...
Waiting for the D leg to complete for a BUY on the Bat Pattern on the 88.6 %. Take profit 1 for 28 pips more.
- Okay, guys, finally the price broke the wedge pattern and it looks pretty good and clear on the 1H time-frame. - Now let's patiently wait for the price to give us an entry and if it does that looking at the daily time-frame it's easy to say that we will have a pretty nice run to the downside (around 100-200 pips).
A break of this rising-wedge to the downside would activate shorts. If we don't get a break to the downside shorts would not be active.
SHORT TERM LONG: WAIT FOR RETEST OF HOURLY TRENDLINE AND IF PRICE FAILS TO BREAK DOWN BACK INTO THE TREND THEN LONG LONG TERM SHORT: WAIT FOR PRICE TO BREAK BACK INTO TRENDLINE AND THEN RETEST THE RESISTANCE TO SHORT
The battle that wages on every market, in every trade... Probability versus Possibility. Now I've seen SO MANY predictions and forecasts lately telling of breakouts, moons and lambos - It's disgusting. Why? Because while ANYTHING can happen (possibility), one must consider the chances of these events occurring (probability) . Now i don't mean to insult your...
I just went short on GBPAUD, very good Setup with a lot of confirmations. Price just broke back below weekly 61% Price movement after testing my Daily 1.74250 Resistance Area taking out stops before making further movement downside to 1.70500 Weekly Key Level. Entry: 1.73000 Sl: 1.74300 Tp: 1.71450 Price will drop pretty fast, possibly at...
If the price go to the projected D, it would be nice setup for long.
Explanation on chart. We have a reversed H&S pattern. Broke the neck line.
This post is a bit hypothetical and completely out of character for me, because I usually trade after I've received complete and total indication that moves are going to play out in my favor, but I've seen this pattern play out so many times that it seems silly not to at least make you guys aware of a possible way this pair could develop. I see an uptrend forming...
Bearish trend movement for the past few days after price rejection at 50% Fibo lines. Range movement occured at top trend line creating new resistance line. "Higher highs trend" seems to have ended causing price to fall to the bottom trendline. Im expecting a BOUNCE or RETRACE before breakout below. :)
GBPUSD is breaking above upper 1st standard deviation from weekly (120-hour) mean amid expanding volatility (measured by 3.2 standard deviation from the mean) Probability of further upmove is apparent. Traders can pick longs close to the upper 1st standard deviations (1.5690) and stops at weekly mean (1.5645)