The price had a breakout from the descending channel and created a rounded bottom above the weekly support.
on the 4h timeframe, the price is testing the 0.3$ resistance and the market is in a consolidation phase between the weekly and daily structures.
The price already retested a Fibonacci level of the 0.382 Fibonacci level
How to approach?
The price needs a...
Practically Trade able Support Resistance Zones for Gold ( XAU/USD ) . Take these Reference Points onto your charts and then trade when opposite candle stick(s) appear on 15min or 1 Hour chart, its your preference. Set the next zone as your Profit Target and the opposite edge of the zone (box) as your Stop Loss. Hope it helps.
If you find my work useful please...
there is a clear break in the resistance brick wall in the downtrend on this pair , what we are looking forward to is the reach of the the retest zone then hop on the lowest entry timeframe for a chance of longing this , there are two levels indicated by the red layers which are our previous lower lows of the down trend , at each we will be looking for a longing...
Hi Guys, NZDUSD is completing a corrective structure and it seems like it will make an impulse to the upside. Watch and wait for lower timeframe (15min) flag before buying it.
Trade with care !
5 Best Cryptos to trade and/or to hold from a technical, price action point of view. (BNB, ADA, XRP, DOT, LTC)
Hello everyone:
The recent question I've been getting is what cryptos to trade or/and to hold.
Certainly trading and investing (holding) would be different,
so I thought I would outline some coins that have good price action and technical in my view...
USDCAD H1 - LONG
Strong push phase at a support area @1.25100, breaking previous highs, creating new highs and potentially higher lows.
We'll be waiting for pullbacks onto 2 key structures before taking a LONG position towards previous high, or potentially higher.
Immediate downtrend for USDJPY and we can see that prices formed a lower high @107.000 level. We have a push towards the downside, now retesting a neckline structure as seen a on the daily timeframe. We'll be zooming into the LTF for potential entries.
Double top into a daily structure, with a 3 bar reversal pattern.
Hi everyone:
Crypto market has been moving, and we see many of the pairs have bullish impulse moves.
Here on XTZ, I am seeing similar price action for the buy. Patterns repeat over and over again.
Price is in this overall larger structure, and we see latest price action had a lower time frame bullish impulse, and now forming this correctional structure....
Hello everyone:
ON BCH, we finally see the strong bull move that I have been waiting for.
We see price had a quick move up, breaking out of the higher time frame structure.
Like always, I am waiting for confirmation from the market, I want to see a continuation correction structure to develop here on the lower time frame to give me the confluence to enter the...
Hi everyone:
From previous outlook on GBPUSD, I was expecting the price to get push up to the daily double tops area.
When we look at the higher time frame, we see price broke above that double top, and very close to the top of this larger structure.
What is important is what the price action will be, and what kind of structures are we going to see from the...
Hi everyone:
VIX is showing good price action for another move to the upside.
We see price in the higher time frame in this channel structure, slowly bringing price down to a double bottoms.
Lower time frame also has a recent double bottoms, and price made a small bullish push up.
I like to see price continue upwards to break out of the channel structure, and...
Hi traders:
Here on XRPBTC, I see a potential breakout from this correction structure.
We see price formed a decending channel, then a bull impulse up.
I like like the continuation correction forming here, expecting price to break above.
Like I always do in my analysis, I am waiting for confirmation in the price action.
Once I see a confirmed breakout, I...
Hi traders:
From my weekly outlook and daily update analysis, I have been paying attention to AUDJPY and otjer JPY pairs as well.
WE do see a double top rejection, and we see price break above the channel structure, but quickly retrace back down.
What is key to me is the structures that will be forming here on the lower time frame, are we getting a continuation...
Hello everyone:
Looking at NASDAQ for bearish short term sell opportunities.
We see price is in this larger channel structure, pushing up the price since Covid.
What I like about the corrective price action move, pairing with the recent movement of a double top.
Price did broke down and forming a continuation structure. I would be looking for sell entries when...
Hi everyone:
Looking at DJI for short term bearish opportunities.
We see this overall larger structure on the higher time frame had a sell impulse down, followed by a correctional structure.
Recent price action has a ascending channel within the larger structure, and we see price getting to the top now.
It provides extra confluences on the sell when we get...
Hi everyone:
Beginning of this week we saw a sell opportunity on EURCAD, and we see price did get push down to the recent lows before bouncing back up.
However, the larger higher time frame structure does not change, and we now have a recent double tops, higher time frame rejections.
We see price get pushed down on the lower time frame and now potentially...
