What we can see above is GBPUSD on the Daily, and just want to give an overall outlook on the pair. The 21st of Dec which is the winter solstice date indicated by the red vertical line shows how the market turned around and moved to the upside. We can see we have been trading in a downtrending channel, and we are near a key line which was once a strong support...
The ins and outs of trading psychology For something that I believe makes up the bulk of trading itself, I believe it is also the most overlooked. Trading psychology is what I am talking about, and it is definitely the most important aspect of trading that every trader needs to develop and master in order to become successful. In the most basic ways to put it,...
Pricing In Human behaviour, specifically greed and impatience are some of the main reasons the markets move the way they do. The term pricing in is the definition and illustration of human impatience. Due to the fear of missing out, impatience, and greed, humans natural instinct after hearing a rumour without any solid information to back it is the buy into it....
Psychology is perhaps the single most important aspect of trading. Without the proper psychology, you are almost guaranteed to fail. First things first, you have to understand that trading is just as much of a profession as any other, and just like top performing athletes, trading reflects your performance, you are responsible for your results. In life your...
If you are getting started in trading, identifying a trend may not be the easiest thing to do. So here we can see a little example of how using EMA's such as the 20 and the 50 can help. By placing your EMA's on the chart, you can use them on any TF, however just like every other indicator, the higher the TF the more value it holds. EMA's can help us identify...
As we can see above i have demonstrated how supply and demand zones can be used to help you analyse a chart. Firstly we need to identify an absolute high and and absolute low on the TF we are using. The higher the TF the more valid the zones become. When the absolute highs and lows are identified, they are what we know as the major supply and demand and we will...
As discussed earlier, the price is moving down and now sitting on our first support zone. As this zone was previously hit, it is more likely for it to break so I would be very cautious about buys from where we currently are. Looking at moving into the 200MA and 320 EMA along with the demand zone.
From what we can see Sol has been trending bearish within a channel. The higher marked zone as acted as a very strong support once, however if we come back to it for a second time, it may not be as strong and be more likely to break. The lower zone we have marked which lines up with that $120 region, also has the 200MA and 320 EMA, which if we look back, have...
What we have above is EURUSD on a weekly and 4h TF. This is an overview analysis going into the new year. Now yesterday was the 22nd of december which is the winter solstice and could indicate a potential high or low being formed. We saw the price decline however we stopped the lower highs and lower lows once we hit the weekly demand zone marked in blue. At that...
Looking to see if the price can find a support around where the purple line is. We can see the price has found a resistance around the 1.86200 mark, however sell positions have been slowly been taken out and the resistance is getting weaker. If the price does break that resistance we can see there is a low traffic area into the highs.
Looking at the chart marked out, what we can see is that ETH is clearly trending in a bullish manner. Placing a fib on the last impulse we can see we have 2 blue zones of importance marked out that the price can potentially move down into for a further draw of liquidity. The 200 day moving average also lies within those zones that can potentially act as a level of...
As we can see in the chart, From a weekly perspective xrp is moving within a pennant. We just broke the trendline from the bottom to collect orders from the liquidity zone below, and have now moved back within the pennant and showing bullish price action. The next area of interest is around the $1.15 mark, and once we have a clear break of the pennant, this can...
As discussed in the earlier post, i had 2 scenarios for this pair. After the liquidity grab below the lows and moving back in, the price remained above and started heading into the upside. The price as discussed reached into the 0.71500 region as discussed and can find some resistance at this point.
As discussed in the previous chart from an intra day view we can see solana moved as predicted
If the low breaks that we are currently trading at, the price has the potential into falling down into the 0.70500 region where it will find a support. If the price fails to break i will be looking at 0.71500 as the next region of resistance and where it could reach.
Following from yesterdays analysis, the price moved to the upside however didnt go into the buy zone i hoped for. As for today we can see we have a zone of interest we are trading within now. However its best to wait till the EUR/LND open to see the draw of liquidity before entering. The black line is my confirmation once the price crosses above it after...
As we can see we have broken the 100 day moving average and found support on the 200 day moving average and within a key weekly demand zone. A break and close below that 200 MA could move us into the lows of the zone at around the 40k mark. A break of the 40k zone could send us down all the way into the 30k.
As explained on the chart, price has hit a key support zone and bounced which may now indicate a push higher may be coming