Weekly closed bearish , daily closed as indecision and the 4 hr engulfed the previous candle. I'm expecting a continuation of bearish momentum for EURJPY next week with the potential to fill the daily range. I would wait for a retest of 124.516 on the 4 hr or wait for break of 124.316 to continue down.The yellow zones are potential take profit areas.
Weekly closed bearish, daily closed as indecision and the 4 hr engulfed the previous candle. I'm expecting a continuation of bearish momentum for GBPUSD next week with the potential to fill the Weekly ranges. To confirm that the sellers are in control, I would wait for a break below 1.29099 on the 4 hr and wait for a retest to continue down. We seem to be in a...
The Weekly closed bearish, daily closed with a bearish body with rejection of the buyers, and the 4 Hr has done a break of previous support. I'm anticipating a retest of previously broken structure to continue the bearish momentum. The yellow zones are take profit areas, or places where you could scale-in to hit the end target - which is a Weekly Wick Fill. Price...
This trade is simple. Price tried to break out of resistance but closed back in the range. I'm anticipating a retest of this area to take sells. The yellow zones are take profit areas. We are also in a massive consolidation triangle forming lower highs. I have 90% confidence in this set up.
Potential swing trade on GBPJPY. The overall trend of this pair is down, as the fundamentals for GBP are weak. We are likely to reject this major zone and continue down. This is an trade idea, not a signal.
Price is currently ranging in-between two major zones, Daily (blue) and Weekly (Gray). At market close, we see that the daily candle closed bearish on a Daily zone, which is now in confluence with the higher time frame momentum. As price is moving, GBPUSD also rejected this 4 Hr zone (Purple), closing as a bearish engulfing on the 1 Hr and 15 minute. Looking to...
On the higher time frames, it seems as though Gold is forming a symmetrical triangle. I have Buy Stops and Sell Stops ready for the anticipation of a breakout higher or lower. More than likely, we'll be seeing more upside for this pair
Hello traders, USDJPY has been making massive bullish moves this entire week. The overall trend is bullish until the market says so. BUT, I see an opportunity to go short on this pair for extra pips as a counter trend trade. Here's what I see:
1. Divergence on the RSI
2. Price action showing weakness
3. Approached a 1 Hr price zone
Hello traders, this is my outlook on EURUSD for next week. We could see price find strength to hit Take Profit 1 demonstrated on the chart following the bullish move upward. However, the possibility of hitting Take Profit 2 is uncertain as price has yet to break above the Daily Resistance Zone (Highlighted in Yellow).
Hello traders, it seems as though gold had a false break of structure and found itself back in the range. This possibly tells us that bulls are starting to take control of this market once more. For next week, I see Gold staying in this range until further notice. If price breaks above the Weekly Zone ( Highlighted in Orange ), we can see a long term bull run. I...
I'm aware that everyone is saying "Bitcoin to the moon" and "Bitcoin to 10k" after this little run up. But I advise people to calm down and get a reality check. No bullish move is confirmed for this pair yet. I would look for a short position here for a Day Trade
What's up traders, I've been keeping an eye on Bitcoin these past few days. For the time being, these are the two possible outcomes of this currency.
1. Will re-test and break above this triangle to soar higher (Higher Probability)
2. Break below the triangle to re-test previous support for a continuation of the overall Falling Wedge
Congrats to everyone who held a long position on this pair. You made bank. Now for the ones who think it's too late to capture some pips, you're mistaken. Look at enter at the retest of structure for a move higher!
Perfect confluence in the market with price above the 200 and 50 MA, testing a major support and a trend line forming for a potential breakout for higher prices. Look to take a Long position on Ripple and buy as an asset!