XAUUSD History will Repeat Itself.
Note: This is only for Educational Purpose this is not Investment advice.
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Just an hour after my detailed ETH analysis it throws me off with a bullish candle! Early days though and low tf, not enough to change my mind yet.
Here's what I posted on telegram earlier...
#ETH #UPDATE - I decided to look again at the bigger picture.
We are just holding the break in daily market structure from last year. Only...
There is a clear cyclicality of actions, in the near future we can expect good volatility within the white support line and burgundy resistance line.
Closer to the halving, we should expect the next bullish rally as it was in the previous two times.
#ADA- The last post was a great trade. Anyone who entered on break of trend could have got up to 15% and 7R, anyone who entered on the second go at 460 could have got around 7% or 4R. Perfect hit on resistances for profit targets for you. We are breaking 460 now so this could turn into a short on a failed retest.
Today's Chart will be on MATICBTC
Points to consider here are,
- Bullish trend on the 4hr time frame
- Next Major resistance is at around the RED zone
- RSI on upwards momentum, putting in Higher High's
- Stochs looking into upwards momentum
- EMA's currently giving price resistance but looks weak
- Below average volume coming into Apex...
#USDCAD - Coming towards the apex of resistance and trendline. There is news in approx. 8 hours time wich may be a catalyst for a break out. I am currently long to resistance and/or will hold depending on price action. You can long a breakout or short a breakdown of trend (being conscious of fake outs).
Here is another Forex trading snack!
With news bombs flying around GBPUSD has finely broken higher. But what’s new here with these kind of moves right?
It seems the market is leaning very negative, so when there is news, rumors of news, or news that can be interpreted as positive / no hard Brexit, the currency has a higher probability of jumping higher.
But as I...
Today's chart will be an update on ETHUSD’s recent price action,
Points to consider,
- Still maintaining overall establish uptrend
- Currently testing major structural support
- RSI coming into apex, wedge formation
- Stoch showing upwards momentum
- Volume declining rapidly
- EMA's acting as resistance currently
- Retracement to Golden...
More updates from earlier:
#BTC #UPDATE - Well the brief try to hold the black channel failed, 11k had a minor reaction but not much and we have dropped back into the lower range blue channel.
Interestingly stopped right now at my lowest arrow for missed retests. Right between the pattern targets with the main thing holding us here likely to be the...
Had a few telegram updates since my last one on here - posted below...
#ETH #UPDATE - Couldn't hold $207 for the third time in the face of further decline on BTC, however is still amazingly holding above yesterday's low. If we can't hold a decent up move in the next 12 hours or so here we will be looking at a short back to the 190s and possibly back...
Looking to scale in positions later tonight. Looking for at least 100 pips, will update this later on...
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Previous trade ran for 12:1 Reward to Risk ratio - check out below!