JuanAlexander95

JuanAlexander95

So looking at the 1H chart 2 days into the week, I am pleased to see that my analysis seems to be paying off so far. I updated the trend lines to represent the most relevant market information. This update shows a steep descending channel which is a good reversal pattern. This only solidifies the bullish move that is to come. Now I want to go a little bit...

JuanAlexander95

A couple of hours after noon and the 1H chart is showing us reversal signs at the Daily structure. We see plenty of reversal candlesticks which indicate a move up. Now the question becomes, will the market move up to touch the top of the 4H descending channel? Or will the market break past the descending resistance and make its way up to the Weekly structure?...

JuanAlexander95

So the market has been live for a few hours now and if we take a look at the 4H chart, we'll see that the market continued to move down correctively, just about to make a touch on the bottom of the Daily's ascending channel. Zooming in further to the 1H chart, we are starting to see a lot of resistance if we take a look at the candles that are forming around...

JuanAlexander95

So my last idea about EUR/GBP was showing a couple of descending patterns which indicate a bullish move is probably in the works. However, I felt like my analysis was missing something. This is my first time analyzing the markets in over 9 months and while I still remember the textbook analysis methods, I'm still getting used to identifying what phase the market...

JuanAlexander95

Taking a look at the W chart, we see that we are well into an expanding triangle pattern with a consistent support since late 2016. Looking at the D chart, we see that the market just made its second touch a the bottom of an ascending channel structure. We have yet to see the second touch at the top of the structure which indicates that the market could continue...

JuanAlexander95 Updated 

On the Weekly chart here we see an ascending channel where price movement has not quite yet touched the support line. On the 1HR chart, we see another ascending channel which seems to have been broken through to push price lower. This is where I originally had though of placing my buy order in hopes of catching the movement back up to the 1.97400's. But now...

JuanAlexander95

As you can see from the , there is a breakout of the ascending channel on the 4HR chart. We can watch this pair closely to enter the market on the pullback, which does not seem likely to touch the trend line.

JuanAlexander95 Updated 

We saw a great pullback buy opportunity today in the NZDUSD market! This was a great scale in for those of you who entered the original trade on 6/10. This is also a great trade if you are just entering the market for the first time. The way I see this, you can profit from this twice. You could have placed your buy limit at 0.65622 which would have been placed at...

JuanAlexander95

Hello, everybody, I hope you have all had a great day today. I'm just getting home from my restaurant job and reviewing/managing some trades I'm currently in. AUDCHF is one of those trades. I've gotten better at catching myself when I'm about to place a trade for FOMO but sometimes I still fall victim. I entered the market at 0.68565 originally with a 395 pip...

JuanAlexander95 Updated 

Its interesting to see how certain bias's can creep up on you while trading. If you'll remember yesterday I published 2 ideas on CHFJPY. Originally, I was under the impression that the market would drop as soon as it touched resistance and reverse down to the bottom of the Daily channel where we would have set our original Target. Then, Price broke through the...

JuanAlexander95 Updated 

Earlier today I posted an idea about how I think price action breaking resistance could have acted as a false breakout. After reviewing the market again, I managed to find something I wasn't seeing before: There is a pretty clear descending channel on the Weekly chart. This breakout can certainly be a breakout on the weekly timeframe and will play out over...

JuanAlexander95

Now that price action has broken the resistance line, we can keep an eye out for a price drop. This is backed by the sharp ascending wedge we see on the 1HR chart which creates a good short term trading set up. You can also trade the drop down the bottom of the Daily Structure for about 165 Pips. It is also completely possible that price is actually breaking...

JuanAlexander95

On the Daily chart, we see an enormous descending wedge. Zoom into the 1HR chart and we see yet another sharp descending wedge which is almost about to be completed in about another 70 Pips. Once we see price complete the structure, we are to wait and see if we can find a pullback to trade the impulse up, or if the price trickles back down to the Daily Structure...

JuanAlexander95

On the Daily chart, we see a descending wedge that is the consolidation period to an impulse that just happened. This could be a very high probability set up for a continuation in the up direction. You could also see a bull flag which is another indicator of a strong uptrend continuation. W would want to look for an entry somewhere near the bottom of the...

JuanAlexander95 Updated 

At this point, price action is in the green and showing signs of a pullback coming which would be a great opportunity to buy into the market. This could also be a reversal, however, yet unlikely considering that price action has just bounced off the Daily support line and has created a MTF descending channel on the 4HR and 1HR charts.

JuanAlexander95

Looking at the 4HR chart, we see mixture of descending channels that span a few time frames. This could be a potential Buy opportunity for some within the next 2 weeks to make anywhere between 600-800 units against BTC.

JuanAlexander95

This is my first time really looking into and looking for patterns within a crypto market. I believe that the 4HR chart shows a good ascending channel where price action had just bounced back from the patterns support line. This would indicate that price action will be dropping a few hundred pips within the next 2 weeks before continuing its long-term uptrend.

JuanAlexander95

Looking in at the Daily chart, we can see a series of potential trading opportunities that one might have profited from. Multiple descending channels yet price never dropped so low so as to touch the 79.809 support line. Looking in at the 4HR chart, we see what looks to be the beginning of a reversal impulse, correction, impulse with price entering the next...