Honestly one of the easiest pairs to trade, a standard beginner pair for all beginners to start with, I was introduced immediately to the EURO DOLLAR pair by a friend as I was interested into expanding into FOREX from my crypto trading background and after trading a short while in commodities WTIUSOIL and Gold spot XAUUSD. Very predictable pattern, we see EURUSD...
WELCOME TO MY PAGE =) BEFORE I START, A STORY ABOUT HOW I GOT INTO TRADING AS A MERE UNIVERSITY STUDENT: Documenting my first expansion into FOREX, as y'all might have known, I started off trading cryptocurrencies after learning from my boss during an internship about bitcoin and crypto.com (this is in no way advertising, I just happen to use it). He was merely...
WELCOME TO MY PAGE AND GOOD DAY TO ALL TRADERS! GBPJPY Pair Analysis: In the H4 and H1 charts we can see GBPJPY pair testing support @ 132.4 regions, with long rejection wicks to the upside and long wicks to the downside, current momentum is more bearish than bullish, with the world's third largest economy JPY reopening, strengthening the yen especially with the...
Hello and good day to everyone, I hope everyone's having profitable trades today! A quick update on our big boy BTCUSD BITCOIN, the market's been undecided in direction and we see BTCUSD repeatedly testing the highs of resistance @ 9900 before falling down sharply to the strong support 0.382 Fib level @ 8850. So far it has rebounded strongly and is seen to be...
Hey guess we are all excited for some updates since my last forecast on this coin! So far, all forecasts have gone as expected, even exceeding expectations! Previously, I updated on the post that it will rebound from the old 1.618 Fib level, now it has been established as a strong support. Now, we set up a new fib retracement level scheme, as you can see on the...
From the H1 and H4 Time Frame we can see gold faithfully following an ascending channel as a major trend, with the support line shown in light blue and major resistance lines in yellow (dotted and non-dotted). Short Term BULLISH + Mid Term BEARISH: I expect to see Gold moving up a little more for a slightly extended BUY opportunity, however, will expect a...
It appears that GOLD SPOT XAUUSD has broken out of a long time ASCENDING WEDGE FORMATION, reaching a new high of @ 1764.5 on the second waves of Corona Virus fears and safe haven investing. Now, it has currently retraced back to the top of the wedge formation @1728 - 1730 regions, looking to validate it for the third time. What to look for SHORT TERM BUY...
Welcome and good day to all! As can be seen in the chart, there are two possibilities that are showing itself: 1) Possible formation of a new descending channel, that will mean a reversal of the major uptrend! 2) Continuation of the major ascending channel, the descending channel formation is just part of the channel waves I would place my money on the...
Overall technical analysis looks undecided: traditionally an ascending wedge is seen as a BEARISH omen. BTC BITCOIN looks to have broken down of the wedge tip it has formed the past few weeks, rebounding strongly from the support line @ 9522. Now, it looks to retest the nearest support and also the base line of the ascending wedge @ 9700, its resistance level to...
So far, all my previous altcoins forecast have been going as expected, hope yall who followed benefited from my ideas as well as I profited from the trades! GOOD DAY TO ALL, right now we see a spike in THETA/USDT pair, having rebounded ever so strongly from the 50 MA overlap with the ascending channel support to breakout above the channel top. For the moment I...
Honestly, this is a pretty obvious BULL FLAG formation, traditionally formed before a breakout to the upside upon breaking the top line of the wedge. As we can seen from the chart, 0.618 Fib level has been continuously tested ad validated as a major support line @ 0.15841 USDT. Now, ENJ COIN is looking to retest that line and I see a strong rebound to the upside...
Pretty simple analysis of ETHBTC pair, Ethereum generally gaining a bullish outlook for the next week or more, so far ETH BTC has formed a really nice and beautiful descending wedge formation in the Heiken Ashi D1 Time Frame. Short Term BUY Opportunity: Taking the top 1.0 Fib level as on 18 May 2019, and the lowest of 0 Fib level on 4 Sep 19 + 10 Jan 20 - ETHBTC...
BTC seems to have formed an ascending wedge formation since the sell off on 10 May 2020, which is traditionally a bearish omen. Now, BITCOIN BTCUSD is currently testing the top resistance of the wedge @ 9930, for a breakout above it, look for an hourly closing candle above 9930 - 9950 region for a BUY opportunity. From there, we look for BTC to retest the major...
TO HAVE AN IDEA OF WHAT ALTCOINS like Theta will do, we have to understand what future possible actions BTC can take: Now as we watch and see what BTC BITCOIN waits to do, it is currently ranging in the 8500 - 9200 region, with no clear directive. I propose a likely impending fall of BTC towards the @ 7700 region of support (and also 0.618 fib level) shall the...
WELCOME TO MY PAGE AND FEEL FREE TO LIKE AND SUPPORT IF YOU LOVE WHAT YOU SEE = ) Overall I'm definitely bullish on gold, aside for some small retracements and corrections here and there. I see a strong rebound from the 0.786 level and if that happens, we have a strong support for further bullish momentum for the next week. ITS GOLD TIME! ***Also an interesting...
So far, the 9200-9300 region has been validated as a strong support, which includes: - 200 MA line (Yellow) - Bottom support of descending wedge formation (Green line) - 0.236 Fib retracement line Three times BTC has touched this region and rebounded to the top of the descending wedge, now having broken out of it to hit the highs of @ near 9600. Now we look for...
Good day and welcome to my page, feel free to like and comment if you like what I shared! GOLD SPOT XAUUSD has broken out of the ascending wedge, shooting to 1733 at the moment. For now, we wait for a pullback to the triangle wedge upper line, also coinciding with the 0.618 Fibonacci retracement level @ around 1720-1723 region. A very good LONG/BUY OPPORTUNITY...
MATIC has been ranging in the 0 to 0.236 Fibonacci Level for a long time since 12 March 2020, recently broken out of the channel on 13 May 2020 with HUGE BUY VOLUMES. Now, MATIC has went close to the 0.382 Fib level and I expect it to retouch the top of the channel line @ 0.236 Fib Level, before going on its BULL RUN towards highs of 0.5 or 0.618 Fib Levels as...