Hi Everyone, We are at a very key area on nasdaq. This Candle on the daily will decide if price will continue or come back down. If price is respected inside the channel. then price will come back down to the centre trend line at 14104 however if price break the channel then we can see price go to 15665 and higher.
We are still in a downward channel on the lower timeframes and price could continue to come down to hit the centre trend line around 14184. We will need a break of the minor channel that has formed. However if price breaks the minor channel towards the upwards and breaks the major channel then bulls will come in and push price to 15161 and higher. As price forms i...
HI Everyone, For the last week, GBPJPY has been consolidating in a rising wedge pattern. As we are aware from fundamentals, a rising wedge pattern is a bearish chart formation which can indicate both reversal and continuation patterns – depending on location and trend bias. In this case a continuation as the market has been bearish already. Continuation...
HI Everyone, As we can see the pullback on nasdaq is over and i expect the trend to continue. The market is still very bullish and i have no doubt we will reach previous high and most probably new highs too. The market has been respecting these key levels i drew weeks ago so well, and many of you guys PM me with amazing results. Our next target will be...
Hi Everyone. We have had some very strong bearish movement on NASDAQ recently. Is this the end of the bears or just the beginning? We are at a crucial point on nasdaq where if price breaks it will break a very strong bullish channel and we can expect prices to move down further we can see price coming to the next support at 14808, A further break can see price...
Hi Guys, I didn't get to send my analysis yesterday but this is what i noticed. We had a rising wedge which indicated this was going to fall. The price broke out the rising trend, retested the level and had a big drop. Did you notice this wedge form and did you take the trade?
Hi Guys, We had an amazing run on nasdaq today, did you follow my previous analysis and take the trade? The market look very bullish right now and i have drawn some key levels to watch out for. We have reached the resistance area of 15847, A break here we can see the following areas - 16153 - 16424 - 16711 And a break of 16711 we will see new highs. Im...
What a day today. Everyone though this market is sinking but the day ended with a big rejection candle. Will this be the end of the bears before they even started? It will be interesting to see what will happen now. I expect to see some strong bullish movements now pushing prices back up to the resistance area and then breaking to create new highs. First...
HI Everyone, US30 is currently in a uptrend channel, this week we hit the top of the channel and the price has since come down close to the middle channel line. I have created some key levels to watch out for if prices do break each level where it would go next. We will most likely come back to the bottom of the bullish channel.
Nasdaq has come back to 15500 zone where it's hit for the third time now. If price does respect this zone and create a triple bottom then we can see price move back up to go back to the area of resistance and maybe even break to create new highs. However if price breaks 15500 then we will see so strong bearish momentum. As the week goes i will be uploading more analysis.
From my previous analysis i stated that we have come to a demand zone where price will most likely bounce back up. We can also see the price created a triple bottom. I have drawn out the key levels that we will need a break for price to continue to reach previous highs again.
After a great bearish rally yesterday we have come towards a demand zone where buyers are waiting eagerly to push the price right back up. This area of support is very strong as we are also at the bottom of the bullish trend line. If price does not break this demand zone and continue to push price up, i expect the price to go back to previous highs and then make...
Hi Everyone, After a bullish rally, USDJPY has reached a major rising trend line on the 3 days time frame. I expect the market to respect that trend line and from there a bearish movement. Looking at the 4 hour timeframe, the price will come to support of 115.500, If we get a break here then the second goal will be 115.000
Gold is in a uptrend and moving in the ascending channel. The price has pushed up and touched the centre of the channel. If prices fail to break here we can expect some downward pressure. Although price is creating HL and HH, the momentum on the bearish candles has been very heavy. If price breaks the channel below 1789.00 then we can expect a price drop to 1753....
Today the bears have come right in pushing price down over 300 pips. This is definitely now the end and we will see alot more bearish movement. From the charts we can see price broke out the channel, came back up to test the channel and now i would expect it to continue to go down. I have drawn some key levels which can be used for each trade taken when broken....
Goodmorning Everyone. From my analysis you can see the Nasdaq is still very bullish on the daily timeframe. We are approaching 16600 again the area of resistance, i dont see why it should break it and when it does Nasdaq will continue to make new highs. We can also see price has hit the centre treandline before it did continue up, Respecting the trend. Bull...