This is my vision of a bears dream in the current situation we are in. And yes I know its steel like metal, but I figure if you get your orders filled in that zone with me you are really stealing money from the bulls. Have fun. Good luck.
long term bullish, it should retrace back to 0.7 so that's a better price to place a trade.
I decided to do some in-depth analysis on Bitcoin BITFINEX:BTCUSD (4H chart) and plot some possible future scenarios. First, we can see that price is currently moving up in an ascending parallel channel . Until this channel is still intact, the most likely move is up towards the upper boundary of the channel (21k - 23k). We could see a retest of 18k before...
Market on the 1 day timeframe looks very promising for a resurgence of the pound to go trending up as well due to bank of England raising the interest rate from 0.25% to 0.50% which was done to meet inflation rates. Higher interest rate means higher exchange rate cause people are willing to exchange their currency to GBP to add on interest. This also fits with...
Deep retracement for lookingfor a new max to 161% of the last trend movement
usdjpy has just formed two top pattern and by the looks of it, it should hopefully form a third one in which will hit the trend line and either retrace back. OR it could possibly hit the second green support line and maybe retrace back to previous green support level. this goes back to my previous analysis I made recently, check it out guys.
Previous hasn't been broken yet. A bounce towards 84 area is a good one.
AUDUSD has made lots of tops. With now an bearish RSI divergence. Price is also near the daily .886 retracement. Last time price was at a daily .886 retracement, it fell alot. Stops will be above daily .886 retracement. First targets are intraday, however I will most likely hold the trade as a longer term trade. Trade with care
I may enter ABOVE entry A or around entry B if downtrend continues. I picked a stock at random to work on fibonacci and this happened to be it. please, let me know your thoughts.
techs lead me to believe support can be found in rectangle
price back to 61.8 after break the uptrend. good time to short again
We have retraced 50% of the fall and this area will act as resistance for now. There might be either a consolidation or another pullback to test the 710-720 area. If the price breaks up from here right away it will be very bullish.
Brexit information kept people scared about UK future and its currency is paying that fear
The chart draw a head and shoulder pattern after inverted Head and Shoulder last February to April. Waiting for good News on GBP tomorrow. Since this is overbought, it needs to be breath around -15% to -50% (a nice entry for uptrend). beware of FED Announcement because this are main things that GBP become bearish. BREXIT is a bullish trend for this. Happy...
Hey traders! As you know I like to work on my craft my scrolling through a few pairs that are outside of my trading portfolio and practice my chart reading and predictive analysis. Her eon the CADJPY 1 hour I would a potential trend continuation setup as price as recently created new structure lows and has started to retrace back into a previous level of support...
Waiting for the pullback on a the intersection of the trendline and the 61.8% Retracement
When something is unclear up close, it is often more attainable from a broader perspective. Rarely do traders look at the big picture when evaluating a trend. What people dont know about the DXY is that it has travelled to much higher price ranges than its current treading grounds. When we look at a large time scale, we see that the recent USD rally is a lot less...