Daily/4h time frame analysis on BTCUSD. Key level & price action. Trading recommendations & thoughts. ❤️Please, support this idea with a like and comment!❤️
As I predicted earlier, a strong short rally started from 77.0 level on WTI. Being a key monthly structure, the market has already lost most than 7% of its value after a test. Now the question arises, where is the goal for sellers? Drawing the fib retracement based on the last bullish impulse, you can see how perfectly the price respected a 382 level. I guess...
NZDCAD is trading within a wide horizontal trading range on a daily time frame. This night its resistance was reached. 0.884 - 0.887 is our potential reversal zone. To catch a bearish move from that, follow a rising parallel channel on 1H. Wait for its bearish breakout as a confirmation. First goal will be 0.877. Stop will be above the last high within the...
Gold broke and closed above a resistance zone of a horizontal trading range. With a new higher high higher close, bullish continuation is now expected. I believe that the price may reach 1844/1855 levels quite soon. If you missed the trade, consider the retest of the broken structure. ❤️Please, support this idea with a like and comment!❤️
Little update for my yesterday's trading plan on USDJPY. The price keeps growing and being within a strong daily supply zone I am still looking for shorting opportunities. Since yesterday, the price set a new higher low, making me adjust the previously drawn channel. Our plan remains the same: we need to see a bearish breakout of a rising channel to confirm a...
Hey traders, USDJPY recently broke and closed below a support line of a major rising channel on a daily. Now we see the retest. On the chart, I underlined a blue area that is considered to be a potential strong zone of supply. To catch a bearish move, pay close attention to a rising wedge pattern on 1h. Its bearish breakout will be a trigger for us to...
EURGBP looks good for an intraday long trade. The price reached strong daily support and broke and closed above an intraday trend line on hourly. It was a great confirmation for me to open a long position. Intraday goals: 0.8565 0.858 ❤️Please, support this idea with a like and comment!❤️
Structure analysis on GOLD. Multi time frame outlook & scenarios. Trading plan explained. ❤️Please, support this idea with a like and comment!❤️
AUDJPY is stuck within a narrow horizontal trading range. 82.8 is its resistance. 82.0 is its support. Depending on the side of a breakout of the range I see two potential scenarios: If bears violate and close below the support of the range, I will expect a bearish continuation to 81.4 - local structure low. If bulls break and closed above an upper...
Hey traders, Very important thing happened yesterday on EURUSD. The price set a new lower low lower close on daily/intraday time frames. Being very bearish from May, it looks like bearish pressure will proceed. The price is steadily falling within a parallel channel on 4H and so far its boundaries serve as the points to buy/sell from. Next key goal for...
Hey traders, GBPCAD is approaching an important daily resistance cluster. Depending on the market reaction to that structure I see two potential scenarios: Bullish In case of a daily violation (daily candle close above) of a yellow zone, I will expect a bullish continuation to 1.75 level. Bearish In case of a bearish breakout of a rising parallel channel...
What a cute bearish engulfing candle on GBPCHF. After some local consolidation & indecision, we see a high momentum bearish candle on hourly demonstrating us a strong bearish pressure. Taking into consideration that the pair is very bearish on intraday perspective, I expect a bearish move. Goals: 1.263 1.258 ❤️Please, support this idea with a like and comment!❤️
EURCAD bounced nicely from 1.476 - 1.478 intraday structure. The price managed to break and close above a resistance line of a falling wedge pattern giving us a perfect confirmation. Now I expect more growth. Goals: 1.486 1.491 ❤️Please, support this idea with a like and comment!❤️
Hey traders, Here is a brief technical outlook for 4 financial instruments that are on my radar. 1️⃣ USDCAD - 3 days time frame 🇺🇸🇨🇦 The price successfully broke and closed above a major falling trend line. That was a very important moment for the pair and now I am very bullish-biased. I want to see a retest of a broken trend line and then a consequent...
Hey traders, I receive dozens of questions each and every day concerning the topics to study to become an expert in technical analysis. Here I have collected the main subjects that, in my view, are essential for successful trading. *the order of the topics is spontaneous and there is no logical sequence 1️⃣ - Candlestick patterns To me, candlesticks are...
Hey traders, EURUSD keep trading in a bearish trend. Though on Friday we saw some growth, my bias remains bearish. On a chart I underlined two supply zones from where I will look for shorting opportunities. Being touched I will wait for a confirmation to open a short position. ❤️Please, support this idea with a like and comment!❤️
Hey traders, This week gold was quite bullish. The market was steadily growing within an intraday 8H rising channel. During the last two days, the price started to slow down. It looks like the market became locally overbought. To catch a bearish move, wait for a breakout of a support of the channel (we need at least a candle close below), then sell...
If you saw my yesterday's post on NZDUSD, you should know that the market is currently consolidating within a horizontal trading range. Yesterday its lower boundary was reached. This morning the price leaves different bullish clues. To me, a bullish breakout of a falling wedge pattern is a perfect confirmation. I expect a pullback to 0.6985 / 0.7019 ...