Higher time frames suggest continued momentum to the downside, especially on the weekly. Diving into the LTF's we can see price just trickling its way up. I will be seeking short setups coming into this next trading session with targets of 1.8500 and 1.8200.
Welcome everyone for another trading idea! Im doing my weekly analysis currently and there is one thing i see when im going trough the currency pairs: There is a lot of selling pressure on the US DOLLAR. Every other currency crossed with the dollar is getting a lot of strength right now. The Euro against the Dollar made a huge bullish candle this week and also...
This post is a forecast to monday morning's price action. BCHUSD has been consolidating for some time, $ 379.00, now and after Saturday's bullish attempt, we can certain to expect some ACTION - perhaps maybe at 5AM (UCT+2)
Hey everyone first i want to wish everyone and their family a great easter weekend! We are looking at the USDMXN pair a second time after we were anticipating a great short from the last idea. I will link it below. We clearly see that the bearish trend line is broken and retested on the 1h timeframe. The red horizontal line is a key support level, where price...
Hey everyone, you see right - a new idea! Been busy playing poker and doing some other stuff and not focused on trading so much, but guess what ? we are back! Back with a trading idea on USDJPY hoping right into the market opening. We saw a nice peak high on this pair last week with a divergence happening. Price did break down and now is in consolidation mode...
I am not a licensed financial adviser. Now that that is out of the way, let's look at Bitcoin. It is currently trading below the Ema25 , Ema 50 , Ma 50 , 100 and 200. Rsi has fallen to 39.6, and it is a Thursday. Repeated rejections of 4k have caused BTC to be tightly range bound these past few days , but today, for now at least, it has a direction, and that...
Hi! I hope everyone enjoyed their weekend! We are looking at the EURAUD today, where we closed our short profit from earlier analysis (linked below) a little bit to early. The trend went a lot more deeper, but anyways we also passed a good long entry for now. We can see a nice divergence at the low and 2 levels of correction on the bear cycle, so we are waiting...
Hey traders, hope everyone enjoyed their weekend. Coming up with a quick educational post about our market theory on a lower 1h timeframe. We are in a short on EURCHF since a few days. Looking at the lower time frame setups we can clearly see how a bullish run with two corrections (marked in yellow boxes) happened. On the other side this is a nice chart for price...
Hey guys, i hope everyone enjoyed their weekend. Just saw a very nice cycle on the 4h EURUSD chart. Please be aware that this is for educational purpose only. You can see how ever short term trend is starting with a divergence and has two correction waves (marked in yellow boxes). After the first wave down there is a reset (marked in the grey box) with another...
Happy Sunday Traders, We are looking at the EURCAD in the daily chart. Who remembers my last idea about GBPCAD ? EURCAD is pretty much looking the same right now. We are in a daily downtrend along the trend line, price touched it often in the last days. On Friday there were CAD News which was strong for the Canadian Dollar so we saw every XXX/CAD pair falling,...
I grinded a new but similar pattern in BTC/USD and agin, it seems like an event is upcoming. Which could peak sunday this weekend to 8500 USD for bitcoin
Bitcoin Sunday Chart Update and Key Trade Points So far this looks like a good Reverse/Inverse Head and Shoulders in classic formation with a perfect retest of the neck-line yesterday at 7600 (even more so because no one seems to have really mentioned it - the low today here is 7600 precisely). It carries with it a minimum implied upside target at 8163 on...
Bitcoin Sunday Trade Set-Ups A fairly active overnight session has seen Bitcoin move up to highs around midnight gmt, then down for 6 hours to 06:00gmt and 01:00est and then back up again, forming a fairly sketchy triangle as it moves through time. The last move down (green arrow) was corrective in pattern with 4 small waves down before it hit the lower...
Bitcoin Sunday Trade Points Well, the long triggered from 7005 was a bad trade- but the stop was just under 7000 so at least the loss was small - sorry for that. Bitcoin hasn't done much though overnight, staying largely neutral. It still looks capable of flipping either way from here so we need to be prepared for both eventualities. It has not fallen away...
Bitcoin Bitfinex Feed Sunday Update The first short yesterday from 7049 was stopped out at 7061 for a 12 point loss. Bitcoin went on to make a high after that at 7071 - a poor stop by 12 points. This is my bad here, not the chart's - just a poorly judged spot for the stop. Sorry for that one. Anyway the second time it broke 7050 gave another chance to short...
Bitcoin Bitcoin Sunday Update Sunday Trade Points 16:40gmt/11:40est Since breaking higher on US opening interest Bitcoin has surged above the small dynamic and triggered a quick 140 win up to 8600 in the process - but the rally has been short-lived and was quickly sold above 8600, bringing Bitcoin back down towards the first support line at 8450 again. It's a...
Bitcoin Trade Points for Sunday Trades Update: Bitfinex Feed 12:27gmt/07:27est Bitcoin is really trying to break the downtrend here - a bear engulfing green ...can buy or add once it's broken through to upside if we see it. It's tracking a narrow corridor/band of uncertainty right now, trying to figure out he next move - cannot be trusted for sure as a result...