Euro trades this week was played out to perfection! Similar to Pound, if the Dollar index is to make new lows, I can expect buy stops to get cooked! My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside...
COINBASE:MOBILEUSD got added to coinbase recently and it looks like it's formed a bottom and is about to make a large move higher. Price just went to form a higher low and it's done the same on MACD and RSI, think a big move is incoming over the next week or so. Upside targets on the chart. Let's see.
We have been cooking buy stops for some time now and with current prices in a premium, if the dollar is to maintain it's bearish stance, Pound could be prone to running to the weekly FVG. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market...
Unlike ES and NQ, YM has failed to create a higher high on the daily timeframe suggesting that if we were to see some form of a retracement, YM could be the first mover. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure -...
Similar to ES, all time highs has been created. Awaiting dollar to create lows which would give NQ strength to run through all time highs. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order...
According to the Fibonacci channel that I drew I think Bitcoin has two scenarios ahead : 1- Continuing the upward trend and reaching the range of 86500$ ~ 88000$ and from that price level of the big dump to the range of $42,000 2- Continue the upward trend and reach the range of $86,500 ~ $88,000 and from that price level dump to the range of ...
I've been watching this micro cap for months and it's been consolidating forever and looks ready to move. As soon as price can break above the trendline, iti should find a quick move higher. I've marked off resistances on the chart, but lean towards this getting to the top trendline at $.056. Let's see if/how it plays out over the coming weeks.
SEI has broken $0.885 resistance. Aiming for $1 soon. Two perspective : 1. Broke the top of "W" Pattern 2. Broke $0.885 resistance Touched 0.935 and retested 0.885 , 4hr and 1day chart , in 16 to 32 hours we can see a good move. Given BTC has breached $55,600 and is currently above. BINANCE:SEIUSDT BINANCE:BTCUSDT
Coin is back to the momentum trend line on a full bodied daily candle. My problem with this is that BTC just printed a bearish Dragonfly Doji rejection of the all-time high. We will need to see how the ETF inflows are today, if the party continues I expect volatile afterhour trading and then resumption of bullishness during normal trading hours because of the...
The complexity of the Bitcoin chart makes it a challenging subject for analysis, contrary to some claims of simplicity. We are considering two potential scenarios. Notably, we are not immediate proponents of the all-time high theory, given the critical level observed on the daily chart. Here, we entertain the alternative scenario that Wave (3) may have been...
Royal Caribbean Cruises has spent more than two months consolidating, but it may be getting ready to move again. The first pattern on today’s chart is the trendline along the closes of December 28 and January 31. RCL ended yesterday above it, which could make some traders think the stock is breaking out. Prices are also pushing above their 50-day simple moving...
Market Sentiment: Neutral Weekly Volatility Risk: High Trading Plan for Tuesday Supports to Watch: Immediate Supports: 5135 (major), 5125-27 (major), 5110-13, 5102 (major), 5092 (major), 5087, 5079, 5070-73 (major), 5065, 5053, 5045 (major), 5037 (major), 5033, 5026 (major), 5018, 5013 (major), 5003, 4998 (major), 4987, 4983 (major), 4976 (Major), 4971,...
It's still unclear whether XLM will accumulate further or experience a breakout soon (23% more to go). I'll only participate in case of a breakout. The 4-hour (4H) and daily (1D) charts show bullish signs. There might be an attempt on the 4-hour chart (if you want to) , but the stop-loss will be set around 5%, approximately ~0.1089 from the current level.
The price perfectly fulfilled my last idea. It reached the targeted level. OANDA:XAUUSD broke above the range zone and made an impulse move. The market updated swing highs and fixed above the 2100 level. I think that the price reached the point where it might most likely pullback. If the price makes a fake breakout, then we can expect a correction. I expect...
The EURGBP successfully broke through a resistance line in an ascending triangle pattern on the 4-hour chart and ended below it. This indicates that sellers are in control and raises the likelihood of a return to a bearish trend. The next targets for sellers are at 0.8529 and 0.8505.
Daily/4h time frames analysis for GBPUSD. Price action. Important key levels. Directional bias. Trading plan.
LDO bounced off the ascending trendline and bounced off the support level. Bullish movement to resistance level at 3.75 is expected to happen.