One of the pairs that have been without a clear direction for the longest time is USDJPY. In the chart we see that for the second month we have lower peaks and higher bottoms. This is one of the most famous and reliable figures - a triangle.
Such triangles develop at almost all periods. From monthly to 30m.
However, if we open the weekly and monthly chart , then...
As you all can see what I'm anticipating with RKT. A barrier formed at the high end of the curve which is pretty significant, and even if it's not "respected" it can serve as a great area to re-enter the markets.
The highlighted area signifies potential profit margin if Price Action starts to head to the downside. However, even if that were to take place there's...
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This Monday, the FBM KLCI main index closed 0.11% or 1.47 points lower. HKEX is closed for Easter Monday, and the US markets don't open until at night XD. Overall, KLCI was in sideway movement today.
The bears teased the 1350-1353 region, but a quick support was found as the KLCI touched today's lowest point at 1352.78,...
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All I'll say for now is that I'll love to see the bears enter the market to push price down to the $90 level. Before that can happen I'll wait for a B.A.R of the $92.66. We shall see...
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As i explain on this video yesterday about the outlook this week of gold. i will link it below so you can learn something.
we found a nice sell setup to downside cause of liquidity zone around the current price and also lower timeframe we see price breaking structure to...
The market is in a Downtrend.
As always, let's begin with the Daily Timeframe.
Here is it:
Here you can see the market in a clear Downtrend.
It is additionally moving in a descending Parallel Channel.
The Trendline-Extension are overbought and oversold areas.
So, we're only looking for Selltrades.
I do not track & trade this currency pair.
This was a mark up I had did with my Wife. She's in the process of learning how and what to spot so this was a chart I assisted her in a few days ago. I meant to publish this after it was marked up, but life got in the way. I will say that she's already pretty damn amazing at spotting key levels out on a naked chart....
These are the levels I'm currently paying attention to with Bitcoin.
"Chris, what are you waiting to see take place with price?"
I'm waiting to see if Price Action will do a B.A.R of the $10590 level before heading further down.
"But why there, and do you believe it's going down?"
All due to the clues that's being left behind in price. A key level ($12190)...
GBPUSD CHART: DAILY NOTES:
- Price has had a 100% retracement.
It has trended bullish since March 24, 2020.
- (Question): Who controls price movement?
- Currently consolidating at a pocket of Demand.
* INDICATOR(S): Stoch: Nearing Oversold
* PATTERN(S): Rising Wedge, Ascending Channel
(GBPUSD) CHART: 4HR NOTES:
- Price is consolidating at...
Namecoin may be the first altcoin, but Litecoin was the first well-known altcoin until Ethereum came along.
Grayscale just launched the Litecoin trust and institutional demand is surging as evident by the massive premiums Litecoin trust commands.
Litecoin is highly liquid and is still down 84% from its ATH. The breakout may be imminent so it is a good time to...
I'm continuing to look at areas between the 1.1700 and 1.1900 zones for support and resistance until a break of these levels occurs. Recently I have been using hedging technique more often with really good results, this way I can decide on my overall bias and let the market come to me in either direction. From a fundamental perspective, pretty much more of the...
I should have published about this asset a day or so ago. I've actually been tracking it since it's inception, but I will say that there might be an opportunity presenting itself soon to invest at (or near) the opening price.
I'll be paying attention to Price Action to leave the necessary clues needed for me to react.
Yesterday's P.A. had breached a level...
Hello traders, here is the analysis for NZDUSD. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Hello Guys, This is a quick break down of the pair and my perspective on the market, let me know in the comment section below if you have any questions, what you would like to learn from me, or anything of value that you wanna share,All entry will be based on multiple confirmation as stated on the videos, I suggest you keep this pair on your watchlist & use...