Here's an interesting setup in USD/CAD. The pair trades close to a rising trendline support, respected the 61.8% Fib retracement previously and is overall in an uptrend. Zooming in into the 4-hour chart reveals a falling wedge pattern, which during price-corrections is a bullish sign. The Canadian dollar is slightly underperforming for the day as oil prices are...
Conclusion for today’s analysis: The minimum expectation for the USDSGD is ~1.33439. Price action from May 03, 2018 to current date is shown in today's analysis for the USDSGD on a 6 hour timeframe. A top formation that took almost 6 months to complete i.e. between July 02, 2018 to December 27, 2018 is identified as a complex head and shoulders...
Price closing above the bearish channel and also above ~$0.1470 helps to increase the chance of continuation of bullish momentum. Analysis for Stellar (XLM) for today is carried out on a 6 hour timeframe, with price action from June 27, 2018 to current date. The symmetrical triangle drawn on the chart lasted over 4 months before eventual confirmation and breakout...
Conclusion for today’s Ethereum Analysis: Price breaking out above $167.10 can be used to initiate long (buy) position(s) provided momentum offers evidence. Ethereum price analysis for today is presented on a logarithmic scale with the chart covering over 11 months of price action. Bearish trendline drawn on the chart is used to highlight the overall trend in...
Guys if you don't understand supply and demand zones its one of the basic aspects of trading and more important than learning chart patterns in my opinion. Have a look at this chart and you can see how significant a supply or demand zone can be for trading: and why im long on ZRX again. Also note how we had a full daily stoch reset recently also.
Two predicted paths of movement here for ZRX/BTC.. Possible buy zones outlined in aqua.
Buy limit at 1.5580 Stoploss 1.5560 Swing Postion to top of right shoulder
EURNZD is reaching a weekly demand zone and has a confirmation bullish pin off of the 1 hr time frame.
VECHAIN showing bull div on the 12 HR Notice how we have come completely outside the developing VA, this can mean one of two things - either strong downwards movement coming, or a bounce back into the VA. Expecting a bounce to the significant resistance level at the 0.618 fib line, which coincides with the downtrend line and the first HVN of the value area. We...
As mentioned in my previous idea a break under 6890 and we will continue downwards. This new chart is outlying new crucial support levels, my personal view is that if we don’t hold above the 0.5 fib line things will get pretty messy.
Wait for the clean signals to be appeared on the market in order to take an opportunity to gain some profits
As shown in chart BCC Formin Bullish pennants, just like its name suggests, signals that bulls are about to go a-charging’ again. This means that the sharp climb in price would resume after that brief period of consolidation, when bulls gather enough energy to take the price higher again. To play this, we’d place our long order above the pennant and our stop below...
CHF/JPY is looking to complete a five wave structure and should be correcting back downward with an ABCD wave formation. There is a resistance zone on a daily and it is backed up by the 1.618 fib level.
We can see cup and handle pattern in ripple 1 day chart, possible ?? Constructive criticism is appreciated, Just a learner here. Thumbs Up if you found it useful in any way. Thank You. HODL. Happy trading.
Gold is on a trend downwards in other words bearish but it has a lot of room upwards as well to mean bullish. With that said, I have drafted how I see it going as you can follow on the chart above. My believe is it will continue with the trend downwards if it respects the resistance lines. If it breaks them then we go bullish. If it respects them then we continue...