The British Pound has been gaining momentum since the beginning of December 2021 against this Swiss Franc and price action in the last two weeks might be a retracement in favour of a Bullish momentum in the coming week(s).
Tendency: Uptrend (Bulliish)
Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Double Bottom)
Textbook head on shoulders formation with a breakout of the neckline occurring with strong bearish momentum to finish off last week. This upcoming week I am anticipating for price to continue the bearish pressure towards the zones below.
The holy MTFKR Dragon has shown up and this is not just here to hunt small traders, Its here to Hunt the Whales.
Investors were confident that Whales are buying BTC so it must be a good time to invest but no one saw Dragon which was hiding behind the clouds and it was aiming to hunt the whales.
The scary Move is not yet over, we will See more...
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- EOS on 1D time frame chart is trading inside a falling wedge since starting September 2021 making lowers lows and lower highs , sellers are still in control and buyers are getting ready to defend there strong support zone ( demand
zone ) 2.3$-2.5$...
Its been over 8 months since ETC leg up to $175. We have touch the bottom probably 4 times. Is it time for reversal. ETC has form what it looks to be a bullish flag. Ripe for a strong leg up 1.618 fib suggest $280 minimum. Higher fib suggest $500 or $600.
With over 100pips in our direction since my last publication (see link below for reference purposes); we witnessed a successful breakout of the supply zone to set the tone for a potential rally at least in the meantime.
It is no news that the USD collapsed against the major pairs during last week trading session, and the catalyst for this scenario is the US...
AUDCAD has been in a downtrend for a while sellers are now exhausted because we can see the decrease in volume. price is now ranging in a bearish flag and we can anticipate a break to the upside. In this week I will be monitoring this pair for a buying opportunity around 0.925 level.
A hawkish BoJ rate hike amidst a strong UK GDP and Industrial Production figures might propel the Yen to new heights as the Pound looks set to end the following week(s) in the trenches.
Technically, with the sight of reversal set-up (triple top look-a-like) at the JY156 zone, It is becoming obvious that the demand zone has lost the momentum to push the price above...
HTF - Market has been in a descending channel since around April of 2021.
LTF - Now in the LTF it has broken the HTF structure but it is not continuing its course as it was supposed to, however, it is forming another descending channel which is a reversal pattern... With that said, we might get an impulsive move up and what we should expect next would be a...
Vechain has been moving within this triangle for a long time now and is almost reaching its apex.
We can see that its sitting on strong support on the bottom of the triangle and is looking good for a bounce here.
It also looks like a possible double bottom scenario.
However if we do not hold the white line, vechain could possibly fall lower to the 5.6 cents area,...
Happy New Year!
I welcome you to another new year with an against all odds expectation as I look forward to a Bullish expectation if the price successfully completes the reversal set-up identified on the Daily time frame (despite everyone looking for sell opportunity).
Technically, the Euro continues to lurk around respected Demand level with high hopes of...
Traders, NIFTY (NIFTY50) has been the best index. It has performed much better than US indices and has recently been competing with FTSE 100 too. The bull run is still on but it could shortly be coming to a halt or reversal when it reaches this FCP zone based on 161.8 Fibonacci Extension.
1. Never trade too much
2. Never trade without a confirmation
HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE.
NEW WEEK, NEW OPPORTUNITIES.
LOOKING AT THE DOLLAR INDEX
* The INDEX is currently trading in a RISING WEDGE , testing the ROOF of this structure.
- Short term the pair has currently entered an uptrend on the 4h chart this.
- A break above and close will invalidate the whole set up.
- Looking for...
HTF - Market is in an ascending channel and price just recently hit the bottom of it.
LTF - Price formed a descending channel and broke to the upside, I'm expecting further bullish momentum if price make a continuation correction pattern and BO from it.
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 DOLLAR / CAD PAIR.
* The PAIR is currently trading in an ascending channel but seems the channel now consolidating in a descending channel within this structure That just saw a test of the base of structure.
- Short term...