focusing on the smaller time frame, the price has created its 3rd drive into that consolidation zone, the price has overextended into a key psych region. Am expecting a retracement towards the 1.32500 area
- Also, GDP for CAD is expected to be lower than previous stat, that could be the catalyst for the price to pick up momentum
great risk/reward of 1:4
Previous view: Odds of a bull continuation are high, last trading week could be summarized by a consolidation between levels 7600.00 and 7425.00, eventually announcing a strong volatility next week.
Actual outcome: Prices broke the @7600.00 target and bulls keep pushing.
Actual view: Prices are still subjected to a bull pressure. Odds of a bull trend...
As previously mentioned EUR/AUD has overextended into the yearly highs price region, even though we should be expecting a retracement price can be easily manipulated around this region especially ahead of a lot of fundamentals data from ECB and AUD policy details out this week that could easily be a key driver in market activity. Awaiting for a potential 3rd drive...
Hello everyone, did everyone catch the BTC spike? What do you think it’s coming next? Are we going hit the $10,000 mark soon? Your comments are encouraged and highly welcome. Crypto is the king!
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Not super confident on this set up, thus the tight stop.
It may consolidate for a while or just fade.
looking for a spike that forms the double top.
If fail I will wait for a short set up to fill the gap.
29th of November, 2007 - bond market experiences a flash crash which is quickly bought up by the FED in an effort to prevent widespread debt defaults. Worked for a few months only for companies to begin defaulting anyway, probably through a series of realized margin or interest spike risks. This is what caused the financial markets to implode in 2008.
I predicted that the price will reach beyond 1.005 before the trend reverses from the 3-month supply zone but definitely not expecting this kind of movement.
It is very irresistible from shorting USDCHF whenever it surfaced above 1.00.
What probably has made it even more attractive is the double top pattern formed around 1.002 with its neckline at 1.00, and the...
COINBASE:BTCUSD Is acting as always in algorithimic patterns.
So far I see similar construction from the first breakdown. Making me lean to another breakdown making a "BART" Simson on macro chart of 1week.