Good Evening Traders, I hope you're doing well today. I wanted to give a quick update and clarification. As you can see in the chart above I had created 2 boxes. These are ranges I believe we will continue to stay in until the price discovery is more certain and market decides whether we're in a Bear or a Bull Market. Now, it's rarely talked about, because a lot...
On the 1h time frame we have perfect falling wadge but i would not recommend you to trade the breakout because we are in a weekend and the volume is low. Instead i am trading this range between this to yellow lines bacause in the weekends we are mostly going sideways. We have also some tensions betwen Russia and Ukraine so i dont think btc is going to move before...
Let's wait for the price to get to key level of support or resistance and then we look for Buying or Selling opportunities!
I expect EURUSD to continue to range. The breakout from that zone was a result of the sudden drop in USD on January 12, hence, its opportunity to gain strength against USD but it is back to that zone.
USDCAD - Nice looking shark here, completed at the .886 but stayed within the downtrend structure. Price is currently ranging but is looking like its going to breakout towards the first profit target the 0.382 (Which is again a very strong demand zone) Here I will also look to take buys if it reaches this level and we get LTF entry confirmation, and if price...
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT IN THE COMING WEEK ON THE POUND / YEN PAIR. here's where we where upon open yesterday * The PAIR has formed a descending channel in a bullish rally to the upside respecting this structure. - Short term the pair has currently entered...
Palm oil markets has been ranging between 4750-5220 since Oct 2021, topics remained hot within the palm oil industry including 1. labor force shortage, 2. global supply and demand concerns amid resurgence in COVID-19 cases especially in Europe. Uncertainty in 3. related edible oil due to weather concerns and 4. OPEC+ decisions to maintains its output which...
A bullish shark pattern form within the 5-0 Pattern has just strengthened the buying opportunity for traders who are already looking to go long. I'm waiting for a candle confirmation on this ranging market and will treat this as a counter-trend trade.
It's sad to miss 130pips worth of profits which translate to $1,300USD/lot trade on the Bullish Bat Pattern I've shared on last Monday, which some of you have received that information even the day before the market open. Well, I don't want you to jump into all the trade ideas I've shared but rather to read them, analyse them and make your own judgement call....
AUDJPY has hit the support level after falling in the range The pair is set to grow to the resistance line after failing to breakout Await for reversal confirmation for a long position trade. Like and Comment to Support this idea.
Current price of KAVA is $4, when it moves to the resistance level at $7.30, that equates to 82% ROI. If it moves from $3 to $7.30, then we have 143%. Right now, KAVA market is ranging between $3 and $1.73. Price is currently making an effort to rise back to $1.73 but there is resistance ahead of it represented with the blue trendine. If price break this...
Price still ranging inside Tenkan sen and Kijun sen forming a P wave, wait price to break.
EURCAD previous analysis went well. ill am on a bullish bias for EUR and am expecting a buy on the ranging pair. feel free to drop your comments
As we can all see, BNB is consolidating within $364 and $377 (a good opportunity to scalp). If price break the trendline ahead of it upward, then we go long to $377 but if it doesn't, price will fall back to $364 and then rise back to $377. What do you think? Share your opinion in the comment section✍️ Please support this idea with a LIKE👍 if you find it...
It's very simple in this case, the market is ranging from supply and demand for some time now, and history tends to repeat. We are going short from the supply to aim for the demand but there is a good chance, price will shoot back up after reaching half our target because overall, the daily structure just hit the support below, so we need to be cautious once we...
EURUSD had a breakdown as it broke below the bottom of a 2-month rising channel. The price managed to recover some losses on Friday amid weaker than expected NFP but stayed resisted right at a neckline at 1.2170. EURUSD is now expected to stay in a ranging mode and since the price is now at a high coupled with a breakdown, we are expecting more downward movement...
Price has been travelling a falling wedge and would be back up by maximum chances as we can see bullish engulfing from the demand zone.