Hi everyone: Looking at Silver here for the bullish long term outlook. From my previous analysis, I mentioned a downside from the price to the previous lows on the higher time frame would be ideal to lead to a long term buy. Finally, we see price correctively move down to the HTF lows within a descending channel, a potential double bottoms as well. Latest...
Hey guys, this pair is currently on a bullish trend. However, i expect a retest of the 1810 zone for it to continue with it's bullish move.
Hello everyone: Not many trades entered this week. I was on vacation during the week so wasn't too active on the charts or in my community. Will share these trade results from entry, SL/TP, management and overall analysis. EURAUD: Full analysis/forecast: GBPUSD: Full analysis/forecast: SOLUSD: Full analysis/forecast: Any questions, comments and...
Hello traders: Lets take a detail look into GBPUSD's current price action. We can see after the strong higher time frame impulse move, price develops into a larger, deeper consolidations. Within the larger correction, a descending channel structure was also formed. Good confluence here for a possible bullish reversals. Now that price is at the bottom of...
Hello everyone: Sorry have been fairly busy with other things, but here is some good potential opportunity on SOL. We can see price has manage to continue its bullish move from my previous continuation correction that I point out in the latest analysis/forecast. The latest development has show price indeed break above the all time highs, which is good sign...
a bat pattern in progress, I am thinking about to buy with retest of retest of L-MLH and break of local counterline
Price failed to break market structure on MATIC so people got trapped on shorts there. Bullish divergence has formed and is playing out right now. If price manages to break the 1.649 key level we could see price take off to the next key level, although I would place my Profit Target at 1.860 (which is the 161.80% fibonacci level). If price is unable to break that...
Hello everyone: Also looking at FTSE100 for the bearish reversal from the top. We can see similar higher time frame structure here like other indices market. Price has correct within and have few swing highs and lows. Latest development shows a lower time frame double tops, smaller ascending structure at the top of the HTF structure, good signs of possible...
EURAUD Continuation Bearish Price Action Hello everyone: We can see from the my previous analysis at the top of the Head and Shoulder, strong bearish impulse phase move the price down accordingly. After price has break the previous low, we see a descending channel and price was temporary reverse up correctively. However, the latest development here shows a...
Price is making lower lows and lower highs, I believe 1.3472 is the new lower high because it printed an evening star right off the trendline bounce from the resistance area. I expect the price can go to a lower level which i believe will be the -0.27 fibo extension level where it might find support and reverse.
A classic day trading reversal pattern on GOLD! Imagine walking on the street and you see a big wad on cash on the floor, what would you do? PICK IT UP OFCOURSE!!!! What a silly question loooool! Okay this is exactly the same scenario so let's see if you will do the same
Okay so following my last post yesterday which you can see below, bitcoin has accelerated quicker than i thought and that has changed the whole outlook, which means we could be on track for a deeper correction that will take us all the way to $52K. We do have enough momentum to reach $56K today and we can expect the market to take a breather as midweek approaches,...
Day trading strategy on gold and this time we have a continuation pattern so I'm expecting the market to trend upwards for the rest of the day
Bitcoin could make another higher high before we see a potential correction. Current price action still points to a bullish continuation so we can expect the market break the previous high!
This is a classic case of "Look left, structure leaves clues". We've had a perfect illustration of how the corrective structure the market is forming will behave, so it is just a matter of time before we see this market explode. So get your orders in because a huge bullish move is on the horizon!
Observations 1 On the outer structure we can clearly see a descending structure of which the zones are a parallel of the dynamic resistance . secondly we see the presence of a descending channel .about the current dynamic support the presence of this falling wedge is a clear reversal pattern up about a high value area which is our resistance zone . lastly we...
Observation ; from what we see the price is biased on sells on the 4 HR time frame . this is clear as we are biased on our sells Observation 2 ; we clearly can see the price action is reacting on the dynamic resistance zone . this is also a good sign that we are still biased on our sells as we see large amounts of wick around that zone . consequently as a...
Hello traders: Still eyeing the strength in NZD pairs, and here on NZDJPY price has formed another bullish continuation correction. We can see several impulse phases, follow by correction phases. No difference here on the latest development. A bullish continuation price action, with a few swing highs and lows, double bottoms, ready to impulse up. Watch for...