Rules of Engagement Price is at a 200% extension of the previous swing on the Daily chart A 1-2-3 pattern has formed on the 1hr or 4hr chart ie. A prior swing high has been taken out by price action confirming our entry. Analysis Price at Daily support and order flow is forming a fractal. Sellers are taking profit and the Bulls are looking at an entry as price is...
Hey everyone, This is my 2nd analysis on the USDJPY on the time frame of 1 hour. As you can see, I have circled the candle stick patterns everywhere where the market wants to make a turn or has made with the well-known bearish and bullish patterns. June 13 began the analysis with a 3 bullish pattern which is a bearish candle pattern where the market threatens...
Saturday 14:11 gmt 11:11est Bitcoin Bitmex Chart Update: Key Levels Saturday Back to Black - cannot see wicks as clearly on white background :( Yesterday's price action was tricky to say the least. Lost 5 points on the first short and then another 15 on a long above 6545 before at last capturing 140 or so points on the final short from 6535 to 6395 overnight....
ADA is another coin which has broken the short term downtrend. It is now forming into a symmetrical triangle right at a daily support/resistance. Some good potential gains to be made if this breaks up. Bullish engulfing to break the triangle and off support would be the confirmation.
XEM has broken out of its short term downtrend and is now consolidating on a strong level of support. It has held here multiple times previously and gone for good runs after consolidating at this level. It also seems to be forming a symmetrical triangle just above the support level. If BTC behaves I feel like a good push could happen with 6-12% gains depending...
Good morning all, Yesterday I posted a possible scenario I can see Bitcoin following. I am just following up on that scenario and a potential for a second scenario to play out. Yesterday it looked like we could have broke through the bear flag at the $6600 resistance level but we didn't have enough momentum to keep us above that area. Ideally right now I would...
big drop yesterday after ECB announcement looking at this confluence of fibs, Ma's and previous structure to short this
1-Bullish Divergence in hourly and 2 hour frame 2- Sited on channel support Bank Nifty is sited at a good position for the call.
i see this pair going down here is my analysis
The eurusd is in a buy position : we notice a breakout of the down trend witch got retested in the retest area forming the right shoulder of a reversal head and shoulders pattern, there was a breakout of the neckline of the head and shoulders and now retesting the broken neckline so it is the perfect time to buy . bear in mind that the price might retest this...
i have 2 trading scenarios here for CHF/JPY PAIR For both sell setups
Looking at oil and it looks like price may be forming a continuation pattern.
At the moment, against the background of a number of political events, the dollar fluctuates. Technical indicators demonstrate divergence and different directions. MACD has already left the histogram and is pointing up, although it is still located in the negative zone. Stochastic went into the overbought zone and soon we expect the lines to cross and move in the...
BTCUSD: Bitcoin Trade Points From Here After a surprisingly active weekend of over 750 points profit (from 7579 before getting stopped out at 6825, stop was too close by about 45 points or so here, sorry) Bitcoin has moved back into neutral in the nearterm. On the Bitmex chart Bitcoin is now moving in a 200 point range bounded by near term resistance at 6860...