I was expecting AUDJPY to fall down and have correction then bull resumption. Bulls were strong so without correction it moved up within tight bull channel. We had a bear BO of tight bull channel yesterday and we know BO of such strong trends usually is minor. So bears push price below 20 EMA and created MAG. Then strong bulls came with consecutive bars and closed...
I was thinking of bull channel if you check my previous analysis. But now XAUUSD is moving within rising wedge. Strong sold off from $1830 and then bull trendline got touched. So possible movement upside. Otherwise, 75% chance of bear BO from rising WG and retest of $1765. **This is not an investment advice. Your capital might be at risk.** Give me your idea...
Check my previous analysis on GBPUSD, then you see that Bulls Strongly came. Target 3 from my analysis got touched and after another falling, GU went up again. It broke the target 3 that I mentioned ( 1.33630 ). After that GU created Spike ( BO ) + Channel pattern. At the channel extreme, we have 3nd pushed up so rising wedge. Rising Wedges and Bull Channels have...
The following three scenarios are based on the probability of occurrence in my opinion (from high to low): 1) Continuation of Current Trading Range: BTC has been moving in trading range phase for more than 20 days. We have now 50/50 chance of BO. Markets have inertia and wants to continue what they have been doing. 2) Bull Breakout of Trading Range and...
MATIC has been moving in bull channel. Now it arrives at bottom of bull channel. General trend is bullish so as long as we are in bull channel higher prices expected. Otherwise look at the last bear leg. Bears was strong enough to push price below 20 EMA, so may have 2nd leg down. 60% chance of bull resumption and 40% 2nd bear leg. Targets are marked up for...
After BO of bear channel November 26, 2021 EURUSD has been moving in trading range. Best strategy in trading range phase is to buy low and sell high. EURUSD is now near its trading range top and also moving in bull channel. Bull channels are bear flags and have 75% chance of bear BO. So all together I expect EURUSD to fall down and tests the bottom of TR. Trading...
Previous GOLD analysis👇🏽 If you check you see that the pattern I draw for you worked and after creating DB. XAUUSD reversed up. Also higher low formed and as long as we are above the trendline ( Gold ), higher prices expected. On the other hand it looks like that above $1805 we don't see strong buyers. So rejections from this price can cause GOLD falling and...
After sold off in AUDJPY, it returned back to bottom of Weekly TR. Then price got nice support there and strong bulls came. They went up and broke the bear trendline, retested the broken trendline ( Higher Low ). Then trend resumed. The current market cycle is broad bull channel. December 20, 2021, beginning of previous week was start of current bull impulsive...
If you check my previous analysis on SHIBUSDT , you see then SHIB got bounced from support zone and got out of bear channel . For major trend reversal we need break of trendline + moving average first. Then trend extreme will be tested again ( Final Leg ) and trend get reversed finally. tradingview.com/chart/ SHIBUSDT...
After breaking the bearish trendline ( December 15, 2021 ), Avalanche has moved within the bullish channel. The general momentum is now bullish and 80% of trend reversal attempts fail. Now price is near previous high so it's too risky to buy. As long as we are in bullish channel, $138-$142 targets are valid for bulls. Breaking the channel line and entering bears...
BTC got nice supported below $46,000. The movement was within bear channel which got broken by bulls finally. Bulls also broke the long-term bear trendline. Wait to see the retest of broken lines and reaction to BO point. $53,350 is now the most important resistance of BTC Logarithm chart. Higher prices expected if this resistance get broken. Otherwise if price...
Falling Wedge so 75% chance of bull BO. Bulls got out of this WG and BO from upside so always in long. I'm waiting for retest of broken wedge to get long. But remember to check the crypto market sentiment + BTC chart before buying anything. Possible Targets for bulls can be 0.3 ( Beginning of WG ). **This is not an investment advice. Your capital might be at...
I draw a chart pattern to get better view of XAUUSD chart. We had a trading range breakout from upside with 11 consecutive bull bars ! So bulls strongly own the market. Price got stopped near the falling wedge beginning. I myself see this as start of correction. BO Point >> Broken Bear Trendline can be where bulls buy again and bull trend resumes. Otherwise $1765...
We have a trading range within bull broad channel. After a failed BO near the trading range high, EURUSD fell down in Friday. The BO of channel was with 4 consecutive bear bars. The last 2 bars strongly closed near their lows so strong bearish momentum. Strong legs usually have 2nd legs, but now we are near the trading range bottom so getting short here is so...
After breaking bear channel and 20 EMA, price retraced back and retested the broken channel. This can be a sell climax and then bulls will push price higher. Targets are marked up with dot white lines. **This is not an investment advice. Your capital might be at risk.** Give me your idea on comments... Good Luck...
Falling wedges haver 75% chance of bull BO. AXS had higher low double bottom near the WG extreme. Then you see that this H4 falling wedge got broken upside. In this situations I wait to see if trend extreme get tested again and get long on AXSUSDT. Potential Target is marked up, $120-$122.5 **This is not an investment advice. Your capital might be at risk.** ...
After strong sold off from November 18, 2021, XAUUSD moved in trading range phase. The possible movement after analyzing H4 timeframe, is that we are in broad bear channel. Bear breakout of a symmetrical triangle within this broad channel is sign of bears selling. 1765 is where you have to watch and see the price reactions. Daily timeframe with 2 scenarios: 1)...
I expect EURUSD to see higher prices but no strong bulls yet. From Monday we have too many overlaps and some trading range phase. Price now returns back to the bull trendline so if bulls come EURUSD will see higher prices. Otherwise bottom of broad bear channel / support area will be tested by bears. Check this below👇🏽 **This is not an investment advice. Your...