I noticed from personal observation AUDNZD respects S/R levels more than other pairs. what I'm looking, for now, is consolidation for this pair has shot up without a break and divergence on the macd is starting to show. I'm personally expecting more upside but i also except the possibility of it doing lower. will wait for a consolidation above the current...
since the beginning of April Ucad has been stuck in a 104 pip range and has created confusion with my analysis. however, I believe we are looking at a stretched out flat correction starting 7th march to now so we can get our final leg up before we get the expected drop. the pattern that was developing during the month of April I identified to be a WXYXZ and will...
Good morning traders.
This is my price action analysis on Usoil 4 hr chart for a possible long trend continuation entry. Currently price is consolidating around August 2018 low swing point. I had expected some overhead resistance at this level so i will be watching and waiting for price to reach my structure circle and provide me with an entry candlestick...
Time Frame: Weekly / ~6 Months
I'm out right now. Just watching.
Here's an analysis (left), a trade set up (left bottom corner) and some scenarios (right).
Haven't had interest in BTC for awhile, looks to be establishing something.
We see a clear resistance at the top, but an uptrend in general. So for me there is a lower timeframe downtrend which is built by lower lows (building now atm, I used fibonacci tool for help and we saw the first lower high at fib 61.8 level and the next lower high would be at 50.0 which is exactly now. it could move because I lower timeframes are easily...
Price is hovering on the 61.8 and its a matter of time before it moves up.
-Stop loss recommendation is below the .65 fib.
-Follow this call for further updates and price targets.
------And as always trade with caution and dont forget to put a stop loss.-----
See my previous call below.