Potentially looking for the market to break out its current downwards channel to make its way to the upside towards the 1.39800 zone.
There are candles signaling signs of reversal too.
And on the 1D timeframe, it has respected ZONE 1 perfectly, all of which gives me confidence that I'll be looking for a long entry.
Obviously, the other side to this analysis, is...
So far I have had a breakout from a key daily level I have marked on my chart. I believe this will end up forming to be a false breakout with bearish momentum to the downside to my other market level.
Or with how things are going at the moment, we could see the bearish momentum continues strongly towards the downside.
Have a wicked week trading everyone and...
If you saw my most previous EURUSD analysis video, you'll see that it hit my TP perfectly.
On the 4H chart, we can see a wedge pattern forming but also making its way back to the trendline.
I'm not confident in looking for any setups at the moment as there could potentially be huge momentum depending on if it breaks the wedge pattern to the upside or the downside.
A wonderful triangle formation. With the consolidation working in nice lil areas, I am expecting big movements with either downside potential towards to the resistance now support level.
Continue its uptrend with more bullish power and form a new resistance level.
Either way, I will be keeping an eye on the charts getting ready to enter when...
This is a short trade I entered last night. I do anticipate it to hit my TP. There are many factors I am taking into play for this but one of them is the Bitcoin dominance has been on a downtrend for a long time now, and it's almost dropped below 50% dominance for the first time in over 3 years.
With Altcoins becoming more and more popular, this is resulting in...
Recent events sending Dogecoin to increase by 400%, with a combination of 4/20 and pure demand.
Elon musk is obviously doing his bit to quite literally put DOGECOIN TO THE MOON and is a big contributor towards the rises, and market volatility.
We must also take into consideration the HUGE amount of DOGECOIN that is store by apparently GameStop. Regardless of who...
I've marked out a forming wedge pattern.
Simply waiting to see what sort of price action forms. I am currently waiting to see if there will become a candle close OUTSIDE of my wedge pattern.
We have a candle reaching highs of 1.29895, which is just under the 1.30000 level. Since then we have seen the market producing HL which suggests it is going to start...