hey guys,
though many traders sell usdjpy following bearish breakout of a narrow trading range
where the pair was trading for more than one week,
I have the opposite view.
looking left we see that we have a lower support 111.7 level.
+ taking into consideration a rising...
The previous BTC idea worked out perfectly: the market pumped from $5200 to $5650 and faced the resistence there. If we look at the market globally, we can notice that the price fixed above the previous highest level, which tells us about strong bullish mood. That's why the price keeps above $5500 and doesn't go back. On the other hand, today for the very long...
Morning guys,
Recently we've suggested that BTC stands at the eve of strong action, but for upside breakout it needs external push as inner power exhaust.
With recent spike up BTC has completed our 3-Drive "Sell" pattern. On a BTC it is always difficult to make long-term forecasts as this market is very thin and could be easily manipulated
by holders of big...
NZDCAD reached a horizontal support level, near the lowest level of 2019. A strong bullish candle is forming, and a bullish view is also confirmed by a bullish divergence between the price and the MACD.
Furthermore, the pair is forming a bullish wedge pattern with the current fifth having a high probability of breaking above the upper wedge line.
Conclusion for today’s EURGBP Analysis: Price closing above 0.86758 implies continuation of the bullish price swing from 0.84719.
EUR GBP analysis for today is carried out on a 6 hour timeframe candle stick chart, with major attention drawn to price action between February 27, 2019 and April 16, 2019.
The duration mentioned above saw the EUR GBP form a major...
XAU/USD (GOLD)(April 22, 2019)
Why Signal for buy?
1) We are Touched Level (First Target)
2) We have no tradable zone (Level) it is correction zone for return price. ($1297-$1300)
3) We have a good channel on 12H Time Frame (LL, HH) + signal from my strategy good distance for buy...
I am not going to over analyze this. Just a little possibility that the pitch fan indicates.
As long as the median provides Support (which was converted from a Resistance on the previous bullish leg) the 70.00 medium term target is possible. These indicators show that under those circumstances another +11% bullish sequence is certainly possible.
I know it may...
Morning guys,
Until market stands below 5500 top, it keeps door open for both ways. Yes, recent rally looks impressive, and this was the first positivea action for long, long term.
But, what technical picture tells us? On weekly/daily we still have bearish tendency and rally was an AB=CD retracement to major 5/8 Fib resistance, which actually gives us '222"...
The market has tested significant resistance level 1.34.
The structure is respected.
Trading plan:
Completed double top pattern on dollar cad.
Sell the retest of broken support.
Stop - 1.3395
T1 - 1.333
T2 - 1.330
We expect to see CHF continue its pattern.
CHF should see significant and reliable strength starting late this week.
CHF/XXX = / bullish
XXX/CHF =\ bearish
*Generally, (XXX) matters just as much!
Also as we see AUD, USD, CAD, potentially GBP weakness
CHF and these pairs would make good potential trades.
Next few weeks:
Bullish: CHF, JXY (JPY)(LongTerm),...
After my last BTC idea on a possible 30% pull back attracted extremely high interest, I decided to post yet another analysis showing why a pull back at this stage is much more likely than an extension of the uptrend.
Based on a fractal comparison with the 2015 price action during the accumulation stage after that cycle's bottom, we see that the price crossed the...
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