Overnight price continued to the downside as noted yesterday. It took out last week Friday's low. In overnight session, it has taken out Asian highs. Today I expect the price to be on upside. Note last trading day of the week, so everyone should be flat by end of the day as you never know what will happen during the long weekend.
Short Term Bearish will hit my orange zone, long term after it reaches the bottom orange zone will reach the top orange zone. After the completion of the bearish bat, we will see major bearish momentum on the pound.
Stunning 1H set-up on EURCAD, just got bullish confirmation on the closing candle of last week, will wait until spread is back to normal for entries. RR ratio is roughly 2:1.
Nice 1H ENGULF and breakout ! Clsoe to hitting TP.
Again it's finally that time - BitB is about to move in the right direction. As you can see we found our bottom around 30. This coin tends to pump when it moves and this is what we don't want to miss The market has been very dry lately and Bitcoin may predict the outcome of the coin. We are currently setting up for the same scenario chart wise prior to the last...
It looks like BTC price will have to decide where to go very soon. What's your bet?
Hey guys & gals! I want to get your attention to the recent advance of XRP. That coin is my Hollywood Star since I started with Ripple in the Crypto world and I sold most at x15-20 so it has profited me a lot. Anyway I've always kept some its my lucky charm and I have been following the coin non-stop ever since. Anyway here is a break down of the price...
Hello Trading Maniacs! Cardano is preparing for an outbreak very soon as you can see on the chart. 5 impulse waves to the downside finished with a nice ending Diagonal Reversal pattern. Shown between the blue dotted line in the right corner. Based on all other coins, who have had this pattern in the last couple of days, did the same as you can see in my other...
Bitshares for those who don't know, is a very promising altcoin... as you can see on the chart it's getting ready for a next bullish run! 1. A "rounded bottom formation" tells us we are entering a "market reversal". (Bearish to Bullish) 2. If we break "major resistance" it may retest it as new "support". 3. 'Buy-in' at around 0.205 USD // 'Take profit' at around...
I believe after looking and researching the ETHUSD chart that a price drop is imminent. I believe patterns shows a significant sign for price analysis, I try to line the most amount of technical pointers to come to my conclusions and only when they line up i'm settled to take my risk.
The SPY index is going to show what kind of trend we will be in, respecting the Gann Fan 1/1 thus far the down trend will meet the possible reversal point. The chart contains stats to show overall market growth, noting there is room for a market correction. I believe it will not fall anymore than 2% off the high testing the first support for approval.
Hi guys, I hope everyone have a very happy Christmas! I'm going to do quick update about the Bitcoin ( BTC ). Yesterday, Bitcoin surged about $15700 and this is going to my favor. In the previous post, I said that the "Seller Zone A" should be a good take profit area for for those whose had entries near the trendline, above the cloud and below both Base and...
We all know the tricks of financial institutions and rely on our government to oversea fair trade with these companies. Unfortunately as retail Forex trader we are not a well protected as we are as customer of a bank in our country. Because of sovereignty issues the Inter-Bank network that connects all banks the world and exchanges Forex transactions is not...
Normal Risk -- - Strong s/r - Good indecision - 4hr chart - Against overall trend
I am quite new in Price Action. But here is my candle by candle dissection of price chart and reasons why it went up or down. Read descriptions along with candles mentioned. 2-3 price patters are repeating all over.