Previous Month : Bearish
Previous Week : Bearish
Daily : Slightly Bullish
- EURNZD finally broken the range and closed below 1.6780 reaching 1.6720 and barely 1.6620, meaning we are in a very solid bearish momentum.
- The COT report showing that NZD sellers are picking up for the first time since the start of 2021 but still not a confirmation that...
This is my 04-08 Jan 21 Week trade Plan for EURNZD.
With EURNZD ended Dec 2020 with bearish close confirming the bearish momentum, I'm expecting a bounce from the HTF support created 24 Nov 2020 at 6980 which is expected to be rejected at/below 7080/7100 for bearish momentum continuation and retest/break and close below 6980 for targets at 6880 and 6780.
I anticipated one more dip before the market goes up again and that raised a few eyebrows because a lot of traders thought i was smoking something but one thing the market loves is structure and the market is currently at an important structure now. The question is, is this momentum gonna push it further down to retest the all time lows or will we get a bounce...
Gold broke out of the resistance confluence recently
Which indicated a bullish charge of the asset
After the breakout we saw a pullback to the support
With a strong bullish reaction that followed
Thus, I expect the bullion to Go UP
With the first target being the high of the breakout move
And the 2nd target-minor ...
This is my trade plan for EURNZD for next week Dec 14 -18 based on HTF analysis.
Trades will be executed according to my trading rules:
2- HTF close with momentum direction
3- 1H close below/above previous candle in momentum direction
4- Targets for 1H recent support/resistance
Please refer to the Daily outlook for further HTF...
USD_ZAR IS TRADING IN A FLAG/TRIANGLE
FUTHER MOVEMENT WITHIN THE TRIANGLE IS EXPECTED UNTILL THE BREAKOUT
Given that I am bullish on the Dollar and considering the situation in South Africa,
I expect the breakout upwards, as when the Dollar strengthens properly,
the weakest currencies fall first and faster than others....
USD_CAD FACED STRONG HORIZONTAL RESISTANCE| FAILED TO BREAK IT| RETRACEMENT EXPECTED|
(1) The horizontal structure proved to be strong
(2) Now suppressed volatility on top suggest lack of momentum
(3) Enter short now.
(4) SL, TP on the chart....
Daily + weekly volatility is in the bullrun phase for both BTC and "TOTAL" Marketcap.
If BTC flags out in this 6.0 HVQ Volatility Index area, retesting the trend support, bingo = consolidation before megamoon
But, that consolidation could go on for awhile.
I have an overall LONG narrative, but am not buying at these levels. Looking to YOLO/FOMO a breakout, or...
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Take a close look at this chart and what is written on it.
Ethereum is currently being rejected my the 1004h MA and price is now being squeezed
between the 100 and 2004h MA. We are going to have a deathcross of the 2 moving averages
shortly, so we will see if...
On a daily timeframe there is significance around the 9480.00 USD level. The daily candle has closed above that zone and candle stick patterns are suggesting a bullish move will follow. Diving into a 4 hr timeframe structurual significance is forming above the same 9480.00 USD level.
SP = Starting Point
ISL = Initial Structure Low
NSL = New Structure Low
ISH = Initial Structure High
NSH = New Structure High
The most recent structure, be it ISL, ISH, NSL, NSH, its starting point will be known as X, if breaking below and closing below X(on a ISH, NSH condition), ISL is formed; breaking above and closing above of X(on a ISL or NSH), ISH is...
The TMUS price increased significantly last few days and it reached the resistance area at 65.14. The price respected that level few times already and it is more likely that it will do it again. Moreover, the price action formed the shooting start candlestick bar, which is considered as a reversal pattern. It means, there is a shift from buying to selling. The...
It is clear that BTC was trending downward last few days. The market made Lower Low and Lower High indicates the bearish market. The question is will this trend continues?
The price made its correction and traders will likely notice the price reached the key resistance area (12000-13000). These are rounded numbers, which also give more significance to this...