Transparency is true growth. i bet non of you all saw this coming or many did not even think my analysis will play out, but currently anybody worthy enough would be stuck in profit of over five thousand five hundred pips.
Its been a great pleasure bagging this pair with accurate technical analysis and zero fundamental, this only shows how powerful and strong...
Original idea is here; or a full breakdown.
Quick analysis to understand why this trade was taken and how it was analysed.
Monthly imbalances for USD JPY
These zones have been highlighted due to the imbalance showing a strong pivotal reversion point where price has set a...
This is on a 1month data range.
Following yesterday's test of the ceiling, we can observe a new base has been sate (the grey line) as well as a short term ceiling (the upper grey line) causing a channel pattern. The trend seems to be pointing out another test of the ceiling, and if the trend has enough momentum it will be able to cross its and maintain its new...
Hey peeps, im back with another ideaaaa. If you havent already, go ahead and follow me on trading view for some of that precision goodness within your trading. We strive for greatness around here. Lets get on with the idea shall we.
So we can see the london session pushed price way up and price recently hit the trendline resistance i have marked. Currently, i am...
Yoooo whats up my 20 viewers LOL, so as of right now im looking for potential setups for later on tonight. As we saw earlier, GBP saw a HUGE drop this morning, and i was not expecting it to do that at all so i missed out on some potential gains, but thats ok because here we are now. We are at the BOTTOM of an uptrend that GBP has established for the last week or...
Today is one of those days gbp is going to test your patience. I say that because in the beginning of the NY session we see a lot of rapid moves and reversals from the 2 levels i have marked on my chart. Lets dive in a bit:
So first off, we are going to establish the commanding trend right now and believe it or not, that trend is upwards transitioning to...
Price is still in an uptrend
Price Touched the lower trendline
At 15mins chart price created double bottom with long wick rejection
2nd candle taking out first candle
Price crossing 15mins EMA and finding support at previous resistance level
Price at support level which was previous resistance level
SPY is unstoppable, for whatever reason it may be. However, a major resistance level has been reached, and one might try their luck at shorting spy here.
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Weekly - We notice a major exhaustion which mean the market is ready for the downside
Daily - Major Support ans Resistance is set with the market testing the Major Resistance and also made its High after the huge exhaustion with a bearish candle
4HR - The market created a major Resistance which is a Double Top, but on 1Hr we see it test that resistance 3...
I have identified a clear downtrend within a channel. Price has been in a 2 month long bearish descent from a 0.70253 high down to a 0.65090 price point.
My current view is that price will rise at market open, to complete a new high within the bearish channel. This pair is long overdue for a rice correction.