This short segment is on candlestick and multiple time frame analysis.
As a trader or trader wannabe, this is an important lesson that goes a long way. Trust me, it may sound simple but it actually took me a long time to grasp the full concept and then apply it in my trading.
This is BTC on the weekly time frame, if you are scalping the market or even just day...
I have been keeping an eye out on EUR/JPY after a heavy bearish market this past few weeks and it seems we have hit an area of Daily resistance that has formed a potential Double bottom reversal pattern. There is still 4HRS left of this daily candle being formed but this is something to consider if you are in any shorts trades on this pair. We will be waiting to...
This reverse head & shoulder pattern confirms the upcoming bullish movement for this pair. CHF has weakened quite a bit in the past 2 weeks which means it should start to strengthen from this time forth. Daily timeframe RSI is indicating way oversold which is another confirmation for a trend reversal. Let's see how everything pans out!
Trade Details :
Sky looking like a safe entry with a clear stop/loss.
Good risk/reward ratio
upwards the 4 hr break level is touched and attacked several times
downwards the 1 hr break level is attacked multiple times although there is support from a 4 hr uptrend from the past.
There is a current suppression in time from a 4hr downtrend which is in a beginning state of a trend...
After the recent ascending triangle reversal back in October and November of 2018, the CAD/CHF has decided to give us another! It is currently appearing to break the bottom, so I'd definitely be on the lookout for many entry opportunities!
If you're curious about my previous Ascending Triangle analysis, check down below :)
I am still a rather new trader, so any...
USDJPY forming a descending triangle on the four hour. Managed to hit large quarter point at 110, but each challenge led to higher lows consistent to the counter trendline. It seems like price action peaked above the 61.8 fib level, and no longer has bullish momentum. A reversal trend is imminent, most likely when price...
Looks like as we are approaching the key support trendline ( view my last idea ) we are forming a falling wedge pattern on the 1hr. This could be a good sign pointing to a move higher in price. Looking for a strong break and close of the wedge would be good to see here.
Follow for more ideas like this one!!
We broke a head and shoulders pattern on EURNZD. Expect price to move lower. Make sure risk:reward is good since we had a big break, if its not maybe we will get a retracement that can provide a better entry.
We are currently under the neckline of a very important trend reversal pattern known as the Head & Shoulders Pattern. If we close under the neckline we will move towards my target at 21600 over the next few months. This would total an 11.5% neckline which will drag down all the other indices with it. Be prepared if we close under this shoulder!
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The GBP/JPY pair has formed a bullish head and shoulder in 15-min chart.
It is currently retesting its broken neckline.
We expect the pair to be bullish,until it stays above the neckline, for short term
Best case scenario: The price continues going down to make a double bottom, deeper down than the last low (Daily Chart) but not too much deeper. A bullish divergence appears on RSI. The bollinger bands are already constricting, showing that something big is coming, normally we don't know in which direction but look at the RSI oversold peak and compare to the other...
GBPCAD look strong moving up but “The trend is your friend until the end when it bends”. Well, that time is now. Price even broke the 1.76000 trendline on the bigger time frame.
I’m looking to get in SHORT on the first pullback. Probably around 1.76400.
TP 1: 1.68000
TP 2: 1.59000
Also check out my analysis on the GBP Futures:
Charts are showing possible inverse H&S trend reversal indicating that XLM may have bottomed out. As of this publishing, XLM is maintaining at about the light support of the neckline of the H&S pattern. Should this pattern continue XLM could be heading back up to the upward resistance levels.
Dear all, the last time we printed a weekly morning star, BTC was in the 4K range last year after a selloff from 5K to 3K:
When this was printed on the daily, we also saw a huge momentum swing to the upside after the...