Following my last post on bitcoin which you can see below this chart, I was expecting a the market to give us a sell set up after it broke the rising trendline and it did exactly that but this is a very crucial point as we are up against a descending trendline resistance so the question is, is there a chance that we can go up from here instead of down? The answer...
My last post, which you can see at the bottom of this post, consist of the same strategy but on a higher time frame and now we got the baby version here. So the market came out of the contraction phase this morning and now it's come back down to retest the lows. So since we are bullish on a medium time frame I think the expansion phase will continue in the upward...
By now everybody should be familiar with my contraction and expansion strategy, if not, all you have to do is look at my previous posts. This in on a higher time frame as you can see and the expectation is the EURUSD will rally in the coming months because we are already out of the contraction phase and we are currently in the expansion phase and this will be the...
This is one of my favourite price action strategy to trade because it requires a lot of patience. You need the market to check 5 different technical boxes before we even think if placing a trade. These are the 5 technical boxes that the market must complete before be we place a trade: IDENTIFICATION OF 123 STRUCTURE A 123 structure is basically a bullish or a...
Following on from my last bitcoin analysis which you can see below this chart. We are on the verge of breaking to the downside and this has been building up for weeks where the market has been in an upward correction which is usually a sign of a downward move and usually the bigger the correction the bigger the fall. From the chart, we can see a couple other...
Following on from my last analysis on this currency pair which you can see at the bottom of this post, we have crossed the middle line and we are currently getting a nice buy setup so chances are the expansion will continue to the upside and the first structure level that we are going to encounter is the resistance level at the top of the box (1.2483). Overcoming...
Hi traders, this is another one of my day trading strategies where I tend to take positions where the market has a high chance of making big moves and this is how banks and hedge funds trade. So we have the Nas100 that came out of the contraction phase and now its currently in the expansion phase and the fact that the market is bearish on a higher time frame, any...
Do you ever wonder how banks and hedge funds trade? Ever heard of the contraction and expansion strategy? Please allow to enlighten you. We all know that the market is in consolidation 70% of the time and in lower time frames, those consolidation/Contraction usually happen during the Asian sessions when you are dealing currency pairs such as the EURUSD, GBPUSD,...
Okay so looking at this pair on a weekly chart we can clearly see 3 wave corrective structure and I wouldn't be surprised if we get an upside break in the next few weeks. The fundamentals also support this scenario based on the crisis that's going on around the world at the moment. This coronavirus has created uncertainty around the world and in times of...
USDCAD is currently in a corrective structure and I'm expecting a down move to come shortly although we have a short term buy setup. We are still bullish on a higher time frame but the current market structure suggests one more downward move before we continue our bullish trend. Any opposing views or comments are welcomed
XRP has been building momentum for one more thrust into the abyss before a potential long term recovery. Based on the current structure of the market I think we will be getting that move soon because we are current at a previous support structure which should now act as a resistance. If we break out of the mini rising trendline then look for shorts with initial...
XRP has been building momentum for one more thrust into the abyss before a potential long term recovery. Based on the current structure of the market I think we will be getting that move soon because we are current at a previous support structure which should now act as a resistance. If we break out of the mini rising trendline then look for shorts with initial...
Following on from my last analysis on bitcoin, I am still expecting a move up to around 8K and that will complete a 3 wave correction on H4. On a lower timeframe you will see a possible 5 wave correction. However, the market currently stuck at a major resistance level and I will not be surprised if we don't end up breaking that resistance at 7K but the structure...
Following on from my last analysis on bitcoin, I am still expecting a move up to around 8K and that will complete a 3 wave correction on H4. On a lower timeframe you will see a possible 5 wave correction. However, the market currently stuck at a major resistance level and I will not be surprised if we don't end up breaking that resistance at 7K but the structure...
We have bearish bat pattern that has just completed so let's see if this pattern gives us a win. This is bearish on a higher time frame so going short whenever the opportunity presents itself is a good idea so let's see what happens Any opposing comments or views are welcomed.
We have bearish bat pattern that has just completed so let's see if this pattern gives us a win. This is bearish on a higher time frame so going short whenever the opportunity presents itself is a good idea so let's see what happens Any opposing comments or views are welcomed.
We have a nice bearish Gartley pattern that has already completed and now I'm looking to see if we will get a reversal. The market is bearish on a higher time frame so this looks like a good opportunity. Any opposing views or comments are welcomed!
We have a nice bearish Gartley pattern that has already completed and now I'm looking to see if we will get a reversal. The market is bearish on a higher time frame so this looks like a good opportunity. Any opposing views or comments are welcomed!