bitcoin still has not managed to get above the 21 weekly EMA if bitcoin does not manage by the end of next week to get above the 21 EMA , its a realy bad sign if bitcoin breaks structure if it breaks support 41k 40k level (there are alot of stops to hunt!)i think it could be a devastating sign fot bitcoin and that could potentially put us into a bear market and...
In the loving memory of my child Muffin I present you this chart analysis....please take trade after strong candle pattern confirmation or rejection from support/resistance ...if my chart analysis helps you then please do " LIKE" ... it will help me a lot and encourage me to do more hard work in chart fundamental and technical analysis ... you can ask me any...
Hello everyone: Hope everyone is well. :) Those who follow me on my other platforms have got the message that I will not be too actively trading in the last 2 week or so in December. My wife is due for another baby in about 7 days, so I am pausing anything that is not immediately necessary and freeing up some time for my family. Apologize on missing the last 2...
GBP/JPY - broke and close above a resistance zone on the 15 and continued to push up. 1:1.5 R:R.
We are in an interesting zone. watching for reactions for a break of range and potential trend reversal or continuation.
Rigtht now Gold is facing a resistance here look for bearish candle stick pattern on shorter time frame like 15 minutes and go short if a bearish candle appears at this point. Targets and re-entry areas are explained on the chart. Please LIKE and FOLLOW if you like my work.
IF Gold falls below from here it will first aim for 1784 - 1780 Support level . From there Price Action will decide our trading decision. Wait for this support to hit. then watch out if it holds or not. I will comment on this one as its unfolds. If you like my contributions please like and subscribe and also spread my work by sharing if you thinks is worth it. Thanks.
Hello traders: Similar bearish price on NZDJPY, as we have the same expanding structure that hits the higher time frame double tops. Price failed to continue higher, instead, bearish reversal price action on the lower time frames. We see a clear bearish impulse phase down, now there is lower time frame consolidation, good signs of further bearish...
Hello everyone: Last JPY pair on my watch is AUDJPY which is also showing signs of bearish reversal development. After the price has hit the higher time frame highs, no bullish continuations. Instead, price reverse down with bearish price action on the lower time frames. Lower low, lower high to push the price down, and finally a strong impulse phase to...
Hello traders: Few of the JPY pairs I was originally looking at had some bullish development few days ago, but in the last day or so have develop more into some reversal bearish price action. Here on USDJPY, we can see price has formed into a nice Head and Shoulder Pattern at the top of the current price action. A previous swing high, double top as well to...
Hello traders: We can see GBPJPY's price is currently at the bottom of the overall HTF expanding structure. How price is developing at the bottom is the key to identify and confirm the possible bullish price action. We can now see a potential double bottoms, and a descending channel, good signs of the bullish reversals. Best to wait for price to commit to...
Hello traders: Few weeks ago I was more looking at AUDUSD to continue the bearish trend to the downside. However once it hits the higher time frame previous lows, price failed to continue lower. Instead a bullish reversal impulse phase up on the lower time frame, and formed into a inverse Head and Shoulder reversal. Good signs of bullish price action. We...
Hi traders: Similar like AUDUSD, here on AUDJPY its showing us the same reversal price action. After hitting the previous lows, no further downside from the price, instead a sharp bullish reversal impulse up. We can now see an inverse Head and Shoulder developed, and currently forming the right shoulder. Same approach to look for confirmation would be waiting...
The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock...
Possible price retest of complete zone before heading back up, or break bottom of the zone. Looking at a potential long setup!
Hi everyone: Few weeks ago I was more looking at the JPY pairs to continue its strength and bearish move. Instead last week we slowly see some reversal development across the market. To be what I see now on CADJPY is price did not continue after having a strong bearish impulse on the lower time frame. The correction that I thought would be bearish...
Hello traders: Also seeing further strength from NZD pairs as most are show clean signs of reversal price action. Here on GBPNZD, after price hits a previous swing highs as a potential double tops, we see a "M" style pattern reversal as well as a rising wedge reversal structure. All these are good indication of a bearish reversal in the making Latest...
Hi traders: After an exhausted bearish price, it seems to me now most AUD, NZD pairs are looking to have reversals in the market. We can see a possible HTF swing lows, and price on the lower time frames formed into a descending channel reversal. All good bullish price action in the making. Good to look for bullish continuation correction for the the next move...