As a price action forex trader, my trading decision based mostly on Supply & Demand, the EURUSD now is bullish, and if we look at the daily chart, we can see that the next supply is Waiting at 1.1720, therefore I believe the price will tend to reach there, in order to join this bullish momentum, I'll wait for the price at the new fresh demand below, this demand is ...
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We already have enough bull flags to make this call and MACD started to make a reversal movement. Target is $120 in the medium term.
Currently, the price of the GBPUSD is in a downward trend. the price has gone through a large daily support zone. This zone has been bearish tested between 12 and 14 December. We can now determine that this has become a large resistance zone (red). Price is in S/R zone 1 (orange) at the moment. this zone ends at ...
BTC has seen a 12.5% move down over the last 4 days ranging from $4000, to $3600. RSI entered oversold region on the 9th of Jan and a small bear flag looks to be forming on the 4hour.
I expect we'll seen another leg down to new yearly lows around $2800 over the coming weeks, I will be staggering my long entries within the green boxes. If we see momentum switch ...
Entry Price would be the .382 (3970$) and .5 (3930$) Retracement levels and should take about 1 day to reach,
Targets will be the .618 (4200$) & .718 (4250$) extensions and should take about 3 days to hit.
Stop loss should be below the .718 Retracement level (3815$) as wave 3 rarely retraces into wave 1 territory
DIsclaimer: This is not financial advice & I ...
Good morning, traders. As I spoke about during yesterday's live stream, price made a final move down toward the H1 pivot before this morning's breakout of the flag, stopping just about $14 above it. The target is now $4342 based on the height of the flagpole.
The aforementioned bull flag target should bring price up to the possible ascending channel's ...
Wouldn’t it be great to know when to buy some high quality Apple stock?
Well, we can at least ”try” to find out.
We clearly see a 5th wave extension within a 5th wave extension.
Somewhat rare, but surely visible within parabolic moving equities
Elliott wave analysis tells us that wave 3 is often the longest but NEVER the shortest.
I see a great deal of users ...
**NOT FINANCIAL ADVICE**
~$3600 USD ENTRY
~$5400 USD TARGET
Potential Inverted Head & Shoulder coming up very soon on Bitcoin - using Coinbase Data - Keep an eye out for the 43 RSI on Weekly chart as this is likely to coincide with ~$5400 price once we get near there, for a reversal back down.
This seems to be similar to the inverted Head & Shoulders we had ...
Good morning, traders. As mentioned was likely, during the live streams last week, we are finally seeing the pop that has been building. But we absolutely must see follow through. We still need to see a 4H or higher TF close above the December 9th swing high at $3633.20. That general area also happens to be the 4H pivot, so coming up through the bottom and closing ...
Whats up Traders,
All of the explanation is on the chart.. .
Retail Economic Data coming into play on this one majorly.
We are looking for a breakthrough of the descending wedge pattern
Looking for continued retail sales growth next month also.
I believe it will most likely reach $65 in the next few days..hitting the interims in pink respectfully along the way to its main target.
Stop Loss: Green Line
Enter Short Position: Red Line
Targets: Each pink line with the main target at $65