KH2_Artizan

KH2_Artizan

This is a basic retest/rejection/reconfirmation setup at both horizontal and diagonal resistances. Based on the candle cluster of the previous six trading days (not including today) which reconfirmed resistance, I've entered short just above 125 and am looking for a target at previous support around the 104ish area.

KH2_Artizan

Here's a simple setup with two separate initiated resistance levels that were both confirmed by a shooting star which served as my entry and a second after that. I'm looking to derisk around 1800. For a first target, the 1630 -1600 level is where I'd be interested in locking in some profit. Though, I don't expect a drop below that level, I've placed a hard target...

KH2_Artizan

Still holding horizontal support, Gold has also formed a bullish wedge at the 1935.00 price level along with various reversal candlestick patterns. Seeing as the risk-to-reward probability is very good at this area, I've taken a long position with the first target area being the 1980.00 area....about 1:5RR.

KH2_Artizan

Since June of last year Ethereum has been trading inside of a rising wedge pattern. After rejecting resistance again, price has now broken below a major support level and has confirmed it as new resistance with a shooting star. I've shorted the pair and am looking for wedge support as my target.

KH2_Artizan

Textbook initiation of resistance with a successful retest/rejection by a bearish engulfing pattern. Stop just above pattern and resistance and I'm just looking for a simple 1:2RR down at the most recent low. Let's see how it plays out...

KH2_Artizan

A very simple setup on the 15-minute time frame. A support zone has been initiated and confirmed and I'm long off the most recent 3-bar reversal rejection. Looking for a move to the most recent highs at 1959.00

KH2_Artizan

Soybean Meal has been trading inside of a tight range in between weekly supports and a daily resistance level for about two weeks. On this daily time frame an evening star and a bullish engulfing pattern have formed at weekly levels showing that the bulls are buying up everything between 400 - 390. The question is, will there be enough momentum accumulated for a...

KH2_Artizan

The Loonie has been trading inside of a triangle formation for six months and we're back at support yet again. With candle exhaustion plus a bullish engulfing pattern all reconfirming triangle support, I'm now long looking for triangle resistance. As we start to head up towards that way, I'll have my eye on the 1.3650/70 area for a potential reversal.

KH2_Artizan

The last time I posted about this pair I was looking at a daily rising trend line that had been broken, retested and confirmed as new resistance, but that trade was invalidated as news pushed the Kiwi even higher. This time around I'm playing the break, retest and confirmation of the weekly rising trend line support level as new resistance. My first target will be...

KH2_Artizan

As I was taking another look at Sugar, I realized that a bull flag (my previous analysis) is now out of the question and a symmetrical triangle has now broken down. The initial measured move target was hit about a week after the breakdown occurred and price has just pulled back to a horizontal resistance area just below the triangle. This area has now been...

KH2_Artizan

I'm still bearish this pair and in my opinion (whatever that's worth) the Head and Shoulders pattern is still in play. Within the larger H&S an expanding triangle has also formed, broken to the downside and retraced back up to 0.6700 area....halfway back into the triangle. There seems to be a lot of volume around that price. Just below, there's a complex neckline...

KH2_Artizan

The Kiwi on the daily time frame has broken out of a long-term descending triangle pattern. Over the last few days, price has returned to test old triangle support and has since confirmed it as new resistance. Technically speaking, we could see a leg down to which I would be looking for a measured move target at around the 0.5670 area.

KH2_Artizan

Digibyte is one of the few crypto markets that I look at on a daily basis. On this chart, a double bottom has been established and I'm looking for at least a measured move up to the minor S/R level (horizontal gray line). I'm also wondering if this could possibly be a long-term bottom being established as well. Only time will tell, but in the meantime I'll be...

KH2_Artizan

As Coffee has been in a general downtrend, I'm looking to take advantage of the next potential leg down. The previous pullback (move above rising trend line support) has had a few nice short-term swing opportunities both to the upside and downside. After breaking and closing below gap, horizontal and rising trend line supports along with Friday's long-tailed dark...

KH2_Artizan

Based on the daily time frame, AUDUSD has formed a head and shoulders pattern over the last six months. Just last week, the neckline was broken and yesterday (05/30/2023) the candles formed a bearish engulfing sell signal after a successful test and rejection of the neckline. I'm looking at a measured move target of 0.6000, but at the same time I'll be watching...

KH2_Artizan

After breaking out of an expanding triangle (not shown on chart), Sugar has had a massive run to the upside. A bull flag pattern has formed and pricehas just testedand rejected flag support along with a horizontal support level. I like this instrument to upside and decided to open a small position here just before the week's close (bullish engulfing pattern at...

KH2_Artizan

After finally breaking and closing below a key support area (and rising trend line) today, Gold seems to be on its way to making some type of corrective move. The instrument has been trading inside of a long-term channel dating back to June of 2020. Price has recently tested and rejected channel resistance along with breaking out of its daily rising channel....

KH2_Artizan

After the massive sell-off from December 2021 to June 2022, Matic has been consolidating. At the moment, we see a rising expanding triangle has formed. Price is currently trading at triangle support and a bear flag is also in the making. Just above price is a critical horizontal S/R level at about $0.95. Both rising expanding triangles and bear flags insinuate a...