🔸 4H CHART EXPLANATION: . 🔸 Price has been on a Descending Triangle for the last weeks. . 🔸 As we know, a Descending Triangle formed after a downtrend is a continuation pattern to the downside. . 🔸 It has broken the Support Zone, which means that the downside move can continue to the next Support Zone at 1.37500. . 🔸 Will look for a lower timeframe Bearish...
Main items we can see on the 4HS Chart: a) The price is above a significant Support/Resistance zone b) There we saw the formation of a Triangle Pattern (ABCDE Completed) c) From a Technical Perspective, once we have a breakout of a structure like this, we should expect a new bullish movement d) Our Bullish Target is a Weekly Resistance Zone at 1900 e)...
🔸 4H CHART EXPLANATION: . . 🔸 Price broke the Descending Trendline and now it is bouncing at the Support Zone. . 🔸 It is moving inside of an Ascending Wedge. . 🔸 The potential Target Zone of the move is the upper trendline. . 🔸 Will look for a lower timeframe Bullish Setup. 🔸 DAILY CHART ANALYSIS:
🔸 DAILY CHART EXPLANATION: . . 🔸 Price has been consolidating on a triangle for the last weeks. . 🔸 As this pair is on a downtrend (Descending Channel), we consider that is has Bearish Potential. . 🔸 In case of a breakout to the downside, the target of the move would be the lower trendline of the Descending Channel. . 🔸 Will look for a lower timeframe Bearish...
Today we will share our view on Bitcoin, based 100% on Price Action. We will explain why we expect a new bullish movement. Please note that our view is not based on fundamental factors or inside information about the asset, is based on what the price is doing, and the Theory behind price movements, in other words, Pure TECHNICAL ANALYSIS. Main items we can see...
Main items we can see on the 4hs Chart: a) The price is inside a vast daily correction (yellow lines) b) After the price reached a support zone, we saw the beginning of a new bullish movement c) A descending trendline inside the massive correction has been broken d) Based on the context we expect a new bullish movement with a target on the higher trendline...
Use this as a guide to develop your view of the chart. Main items we can see on the 4HS Timeframe: a) After the negative prices we saw on Crude Oil Futures, we had a rising in price towards current levels. b) The price made a breakout of a yellow descending trendline c) Most of the times when a structure is broken we will see a clear correction with...
🔸 4H CHART EXPLANATION: . . 🔸 Price is facing the Resistance Zone. . 🔸 The Bullish Scenario will be active if the zone is broken to the upside, and the potential target is the Resistance Zone at 0.87000. . 🔸 The Bearish Scenario will be active if price bounces at the Resistance Zone, and the potential target is the Support Zone at 0.83000. . 🔸 Will look for a...
We will analyze two timeframes on NZDCHF Let's start with the Daily one: a) The price made a Bear trap after breaking a massive support zone and then re-entering the zone b) Currently, the price is above the support zone and is above two channels also providing support c) Now we can see the price finding resistance on a descending trendline d) If the...
🔸 4H CHART EXPLANATION: . . 🔸 Price is on a downtrend. . 🔸 The Support Zone has been broken and the potential target area of the downside move is the Ascending Trendline. . 🔸 We observe that price has been consolidating on a little range for the last hours. . 🔸 We consider that, if the range is broken to the downside, then the Ascending Trendline could be...
Use this as a guide to develop your setup. Main items we can see on the 4hs chart: a) The price is on the edge of a major support resistance zone and a broken channel b) There we can see a Wedge Patter that has already been broken c) Currently, we can see a secondary correction (purple lines) on the edge of the Wedge Pattern d) We think that if the...
🔸 4H CHART EXPLANATION: . 🔸 Price has been moving on a range for a few weeks. . 🔸 Right now it is facing the Resistance Zone, which was tested multiple times and could not be broken. . 🔸 If price bounces, it has potential to reach the Support Zone again, and, if it breaks to the upside, then it has potential to make an upside move towards the Resistance...
🔸 4H CHART EXPLANATION: . . 🔸 Price is on an Uptrend. . 🔸 It has broken the Confluence Zone between the Descending Trendline and the Resistance Zone. . 🔸 We consider it has potential to reach the Resistance Zone. . 🔸 Will look for a lower timeframe bullish setup. 🔸DAILY CHART ANALYSIS:
4H Chart Explanation: - Price broke the Descending Trendline and started its up move. - It broke the Bullish Corrective Structure and went towards our Fibo Zones. - Price has potential to go up towards the Second Fibo before the ATH Zone. Daily Vision: Weekly Vision: Updates coming soon!
Use this as a guide to develop your view of the situation Main items we can see on the 4HS chart: a) The price is making a Throwback or a correction on a major Support area b) If the price is not able to go lower, we think we will see a breakout of the descending trendline (white lines) c) If that happens our bullish target will be 1.28000 Let's take a...
4H Chart Explanation: - Price broke the Support Zone (now Resistance). - Price was on a Bearish Corrective Structure. - It broke it and, now, it has potential to move down towards the Support Zone. Weekly Vision: Daily Vision: Updates coming soon!
Main items we can see on the chart: a) The price is on a major Support Zone b) The price is on the lower trendline of a descending channel c) The price is on a clear Range with a corrective structure inside d) We will expect a breakout of the range and after that a corrective structure on the 1H Chart e) The corrective Structure must be a small ABC...
🔸 4H CHART EXPLANATION: . . 🔸 Price has been moving on a range for a while. . 🔸 Now, it is breaking the Support Zone. . 🔸 It has potential to make a downside move towards the Ascending Trendline. . 🔸 Will look for a lower timeframe bearish setup. 🔸 DAILY CHART ANALYSIS: