About meCFD Trader, Coach and Analyst
An Adventurer, Thrill seeker
Day Trader by choice and mentor to many.
The financial Market has given me more than I could have ever imagined.
Just like BTC we witnessed a solid move to the upside this week
on ETH i believe there will be a change of trend soon.
I'll be taking this Trade, projecting a move to 3500-2900
might be a small move but i expect big profit Lol
i will sell during breakout of dynamic support level
Aoc is price $3398, which is a major support zone
let's see how it goes.
This week we witnessed BTC progress very close to it's former high at 60k
we're actually still witnessing it
But i see a possible change of trend soon
Price Range 55k to 59k is the area of expected reversal down to 45k or 40k
i'm waiting for a few confirmations
possibly a reversal based candlestick pattern or bearish chart pattern.
Let's see how it goes...
Price is currently at key Fib level
i see the whole semi bullish move as a call back to said key fib level
i am confident in a possible Change in trend once Traders see a reversal based candlestick pattern, which my entry will also be based on.
It's Friday, this is the calm before the storm
I will position my entry at Fib zone and hold my position till weekend,...
What we can expect is a rejection from resistance zone and a move back to the support zone below
At this very moment, price is ranging from Support zone to Resistance zone
we will obviously take this as an advantage.
Ride the Range till it ends LOL
I expect a break to occur during the weekend when Cryptocurrencies are usually bearish
i'll be taking a short...
After yesterday's break of Support by the bears
we might see price move back to previous resistance and make a retest, confirming the downtrend.
Oh well, let's see what happens
Yesterday i dropped my 2cents on the EU
and i concluded that i would be going long, which i did.
My entry confirmation was a reversal based candlestick pattern namely (Long legged doji & Bullish engulfing)
i'm expecting a solid move to the upside from the zone at which i placed my trade to the zone above, set as resistance
Let's see how it goes and hopefully my...
EURUSD is currently headed for my zone of expected reversal
My last analysis on the 4hr timeframe suggested that this would happen but looking at the bigger picture, it's almost certain that we might see that happen soon.
From the zone created as a possible support, i am not expecting price to break below it rather, we will witness immediate reaction from Buyers...
The Aussie/Dollar has been doing well these past few days
I haven't shorted on a Trade since Last week
Price has been trying to advance upwards, so I've been longing at every opportunity that came my way.
At the moment, I'm definitely going long
we know that at it's core, the market is always ranging
which is a trend
I have been trading from one zone to...
Looking at the EUR/USD
A double bottom pattern is expected to reveal itself
price is currently trending closely to value zone
we just need to see price react more as it gets closer to the zone and maybe into it
what we will be looking for is a close inside said zone
and then a bullish engulfing candlestick pattern
once those check out
There should be a...
Last week AUD/USD followed analysis as expected
It successfully broke out from Dynamic resistance
From breakout point, price was able to make a 60pip move to the upside, but considering the fact that this happened by the end of the week, i wasn't too sure price would progress higher
Now!! were in a new week and it's full of possibilities
Price came back to...
It's quite easy to understand why i believe NJ will be bearish from (77.991) the zone it currently is at to (77.339)
Price is currently at a valid resistance, and having the concept of Resistance in mind
Area 77'991 is the only thing that will and can stop price from progressing upwards.
If Resistance holds, we should expect Collective human thinking and...
MY 2 cents on this suggests that we are witnessing the beginning of a bullish move not an uptrend.
Until there is a break from Zone 153.148 (Valid Resistance)
This move to the upside will be short lived.
There's nothing much to be said here
The bullish move by the NJ was fueled by the FOMC release and Reverse head and shoulders pattern.
These things are quite hard to spot mainly because the books we read on them suggests it looks or should look a certain way.
Understand that
The market is not 100%
your Trade will not be 100%
The movement of price is not...
Well it's been a long time coming, I know i and a lot of people have been waiting on this for a while now
Looking at the chart we can see that price has formed a (Double Bottom) Pattern.
to lots of Traders, this isn't what they'd consider a double bottom pattern but that's the Market for you
Everyone is seeing the same chart, same price, same pattern but...
Looking at the AUDUSD, the most important thing to note is the main trend. which at this moment is a Downtrend
And in this downtrend, we have spotted a Chart pattern (Descending Channel). which suggests that there might be a change of trend once there is a good breakout from dynamic resistance.
The sellers are currently in control, leaving no room whatsoever...
