Today’s analysis – ETHUSD- trading towards a key resistance level after a swing failure, a rejection is probable,
Points to consider,
- Price Action Impulsive
- Daily S/R Resistance
(.618 Fibonacci Confluence)
- Low Volume
ETHUSD’s immediate price action is trading towards a key level, being the Daily S/R that is in confluence with the...
Hello my friends,
Today was such a good day, my trade managed to hit TP for 4.4R and i banked 8.8% profit.
I started to get my edge back and i am going to post more positions for everyone to trade.
My first setup for today is GBPJPY.
To me, the recent sideways...
Similar outlook and analysis here on NZDJPY.
We see the same price action played out over and over again.
Recent double tops, price is moving up towards the area correctively and in a ascending channel structure as well.
We confirmed that with a bearish impulsive move from the top, now naturally I would go look for continuations for the...
Gold-H$ !! Gold has both side views if GOld break upper resistance and retest market then can be reached at 1754 to 1765.
If gold does not break resistance and then resistance becomes resistance then will downward gold could be hit at 1734 -1726.
it broke the wedge making an illusion of an new upward trend
it then false broke 10000 and a long-term downward trendline, which should have trapped a lot of people
if it continues to break 8000, the wedge will be false broken, which is super bearish
never trust any fundamental news about Bitcoin, the whales dominant the price movements
This is my GBPUSD mark up. These markets can be so intricate that if you miss one tiny detail then the whole plan can be compromised. Zones on top of zones, but if my analysis serve me well then the moves can equal up to excellent pip gains. We shall see.
Price on this pair has been on a long term downward trend ultimately leading to that massive Brexit drop in June.
Since then we see price consolidating in a symmetrical triangle near the weekly 111 area.
I have developed multiple scenarios for this pair.
In my opinion it could still retest the 4h support (Pink Line) before making a charge to the 118 area....