EURUSD had another bearish week right after a short recovery from the week before, essentially breaking new low again.
While reviewing our past weekly forecast, it actually followed an ABCD pattern based on the weekly timeframe and shall be completed this week should the price drops further into the demand level at 1.16.
The dollar has been strengthening weeks...
Bitcoin has remained bullish for the 5th consecutive week and it has now regained more than 50% of its previous losses.
There's been a growing sentiment that the crypto-market has resumed a bullish trend as demand for crypto payment is growing in different sectors.
but right now, bitcoin is about to face a very key supply level around 50,000 mark and may bring...
Daily trend is down price came up and triggered my alert early on the 17th to go short, didn't see any clear rejection. Price sold off eventually and came down and cleared the daily gap, retraced then showed very clear direction toward the end of the trading session. After what appeared to be a stop hunt of the initial alert retest, price seems to be showing signs...
Looking for a nice short on US100 as the market pushes higher into resistance which is also one of my FIB kill-zone.
Double confluence also looking for a nice rejection candle to stack to my confluence.
Impulsive down move formed on March 23, breaking structure to the south after liquidity grab.
Market makers are now mitigating their position, going up to the order block.
A sub-sequent down move is awaited once the price hits the order block
AUD jpy broke the trend line resistance and rejected from resistance now market is back at that supply area and market probably going down
look or bearish confirmation and enter short with your own money management
patience is the key
I am looking to sell from the supply zone for what could be at least a 5:1 RR. I do not underestimate the Demand Zones below. But there is only one really that concerns me. Either way, depending on the entry, I'll be looking to get out if I feel it is turning on me.
Nasdaq has created an all time high, but with the US not taking Coronavirus lightly and with the BLM protests and Trade war in place all fundamental news - with this, technology stocks have seen incredible growth but has the growth paused or now come to an end and needs retracing?
What can we see technically?
- Daily bearish but breaking momentum short has now...
The drop from 7700 level(yellow) represented a lack of buyers at that level that necessitated such a decline in price. Price is back at that level after a significant rally in price to a price level where the chart tells us there was a major selling activity.
I for one would not be buying bitcoin at these prices. Wait for...
I expect a drop in this downtrend from a great supply zone that I see on the 5 minute chart. I wanted to post the previous rally you see that I was in but it happened to fast. Of course, I have to take profit to get in the supply zone for the sell. And since the rally was off of a demand zone I got in on, that demand zone isn't going to stop the drop and I expect...