ETHUSD Update: Head and shoulders formation appearing under the 306 resistance. Is this a sign of a reversal? How does the BTC pullback factor in? I will address these questions. Also the magnitude of this consolidation has prompted me to reevaluate my wave count. First is the head and shoulders which most of you know is a bearish reversal chart formation. Yes...
BTCUSD Update: New all time highs, which should not be a surprise. The question is: Is the current retrace a minor one? Or does it have room to test lower supports? Elliott Wave provides some interesting perspective to help answer these questions. First I want to mention ETH for a moment. I was debating whether I should write up another ETH report, or BTC, or...
ETHUSD Update: Higher high established at 316 with a minor retrace unfolding. There is a nice motive wave formation that can provide clues as to how much further this market can go before a more significant retrace. I have been writing about the 250 to 280 resistance zone which this market pushed through without much hesitation taking it into the 306 to 349 zone...
BCHUSD Update: This market has gone from the 190s back to 350 within 48 hours and is worth evaluating because it offers attractive short term trading opportunities at the newly developed support levels. I have not updated my ETH chart because I would just be repeating myself, it has only gone slightly higher while still in a resistance zone. Meanwhile BTC and BCH...
ETHUSD Update: After the 241 resistance break, price has pushed into the 250 to 280 resistance zone that I have been writing about for over a week. The resistance is holding price back at the moment and this could be the beginning of the minor retrace back to attractive support levels. The BTC breakout to all time highs is the catalyst behind this price push,...
In the chart, GBPUSD has finished retracing to the downside after the break last week. If you check the 4H chart price is already rejecting the 1.30 area.
1. Fundamental = Buy. 2. Technical = Buy. 3. News/Rumors = Buy.
waiting for corrective move to complete on higher time frame retrace back to .382 area resistance and resume downtrend move quick clean swing moves with negative momentum and weak volume pressure monitoring price action for continuation trade to downside
AUDCAD failing into dynamic range once again, with a possibility of a breakout to upside delivering a continuation of this bullish IRR retrace. On the other hand a break to the downside of this pendant will give us a better indication to where we should place our entries to trade this pair.
Let's hopefully kick the week off with an easy trade! 40+ Pips BUY to (D) PRZ of BEAR BAT...look for pullback before LONG entry 40+ Pips SELL from (D) PRZ Good Luck! KEEP THE RADARS UP!!!
50+ Pips BUY remaining... Good Luck! KEEP THE RADARS UP!!!
Chart says it all. Although there are already now clear signs of a bullish rejection, play it safe and wait for the Daily Close. If the entry criteria won't be met, no order will be opened on this one.
LET"S TRY THIS AGAIN! At least one more continuation trade to(D) PRZ 50+ Pips BUY to (D) PRZ 75+ Pips SELL @ (D) PRZ Good Luck! KEEP THE RADARS UP!!!
In progress! Waiting for the pullback...Be prepared around Employment news later today!!! 40+ Pips SELL after pullack Good Luck! KEEP THE RADARS UP!!!
350+ Pips remaining in this retrace Good Luck! KEEP THE RADARS UP!!!
Expecting a pullback to the 61.8% retracement, before heading to the 161.8% extension. Continuation of trend. Stop behind the swing and a resistance.