As per the educational post posted recently, we have now a corrective break as price failed to break the key level. As a result, price created a complex correction. We are now looking for the correction to break and get in on the next big impulse! See linked chart for the education post regarding impulsive and corrective breaks. Goodluck and Trade Safe!
As per the educational post posted recently, we have now a corrective break as price failed to break the key level. As a result, price created a complex correction. We are now looking for the correction to break and get in on the next big impulse! See linked chart for the education post regarding impulsive and corrective breaks. Goodluck and Trade Safe!
Bitcoin has been in a steady uptrend and providing us with clear impulse and correction. Naturally after an ascending correction, we expect a reversal (short term or long term depending on the market structure). As we have had an ascending correction, we are waiting for price to create a base where there's clear buying pressure. The ideal place to look for buys...
Bitcoin has been in a steady uptrend and providing us with clear impulse and correction. Naturally after an ascending correction, we expect a reversal (short term or long term depending on the market structure). As we have had an ascending correction, we are waiting for price to create a base where there's clear buying pressure. The ideal place to look for buys...
Dogecoin has been making clear bullfrogs and has a major ascending trendline which it has been respecting. Watch for bullfrogs near the trendline to take this higher!
Dogecoin has been making clear bullfrogs and has a major ascending trendline which it has been respecting. Watch for bullfrogs near the trendline to take this higher!
For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves. Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc. The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and...
For every currency pair, all the price action can be broken down into 2 different waves. Impulse waves and corrective waves. Both of these waves have the same patterns within them such as flags, ascending/descending corrections, channels etc. The tip to finding out what phase we're in is to zoom out to a bigger timeframe and look at price action as a whole and...
USOIL broke out of the long term ascending trendline correctively and is now in an ascending correction. Ideal place to enter would be an impulsive break of the ascending correction and a retest of the level indicated. See linked charts for more information on corrective breaks! Goodluck and trade safe.
USOIL broke out of the long term ascending trendline correctively and is now in an ascending correction. Ideal place to enter would be an impulsive break of the ascending correction and a retest of the level indicated. See linked charts for more information on corrective breaks! Goodluck and trade safe.
We were expecting gold to reach higher but there hasn't been much momentum. Therefore, we are anticipating a reversal. We have a major economic news tomorrow - FED speech. Look for momentum towards the downside and enter on corrections. Goodluck and trade safe!
We were expecting gold to reach higher but there hasn't been much momentum. Therefore, we are anticipating a reversal. We have a major economic news tomorrow - FED speech. Look for momentum towards the downside and enter on corrections. Goodluck and trade safe!
This could very well be the trade of the year. We could be in the beginning of a massive move up. I know some would say it's not feasible with the current economic climate but I am basing this on CAD getting weaker and USD going bullish in the medium term. I will be posting the CAD index in the links below. See chart updates for the smaller timeframe. Goodluck...
This could very well be the trade of the year. We could be in the beginning of a massive move up. I know some would say it's not feasible with the current economic climate but I am basing this on CAD getting weaker and USD going bullish in the medium term. I will be posting the CAD index in the links below. See chart updates for the smaller timeframe. Goodluck...
Like this idea if you want me to update it! Following last weeks analysis on EURUSD, we were expecting a break of the trendline near the right shoulder. Price approached the right shoulder and literally melted! Entry would have been the break of trendline. If you have not entered yet, watch for bear flags on smaller timeframe and enter. Goodluck and Trade Safe!
Like this idea if you want me to update it! Following last weeks analysis on EURUSD, we were expecting a break of the trendline near the right shoulder. Price approached the right shoulder and literally melted! Entry would have been the break of trendline. If you have not entered yet, watch for bear flags on smaller timeframe and enter. Goodluck and Trade Safe!
We were focused on CHFJPY for a couple of weeks now as we understood that JPY was going to reverse. JPY finally turned bullish and so CHFJPY has begun it's trend reversal. For a confirmed trend reversal, we require an impulsive break. See linked chart for more information. See smaller timeframe in chart updates. Goodluck and trade safe!
We were focused on CHFJPY for a couple of weeks now as we understood that JPY was going to reverse. JPY finally turned bullish and so CHFJPY has begun it's trend reversal. For a confirmed trend reversal, we require an impulsive break. See linked chart for more information. See smaller timeframe in chart updates. Goodluck and trade safe!