I'm just here to learn Forex trading. Learning and adjusting every day. Feel free to critique my analysis, any constructive criticism is welcome. Follow me on instagram: @reubenroyal and on twitter: @reuben_royal
Roblox to release earnings on 8/16. We're seeing some heavy call flow come in and the setup looks clean from a technical standpoint. We have a break of resistance, that has now turned support on the 1H and 4H timeframes. This could go up quite a bit potentially.
NZDUSD is at a key zone here and we are seeing a lot of bearish volume come in. We could potentially see price sell down through this support and possibly the ascending trendline.
On the flip side, we could see price bounce from these zones as well for a potential long, but with DXY starting to look up with interest rates increasing in the future, it is more...
After checking the daily and seeing that instead of pushing below this zone, bitcoin instead has been consolidating. We can see a rounded bottom forming, we can also notice volume picking up at this zone and bullish price action follows.
I think it is likely that this summer we will see crypto follow bitcoin upwards again.
GBP/USD turned to the downside, broke through the channel bottom and then came back up for a re-test of resistance. I will target the 200 EMA below but instead of holding a swing, I will scalp trade it on the way down.
Bitcoin is showing a head and shoulders pattern on the weekly. Below, we can see the next significant support zone at the 20K mark. I am anticipating a break and descent of Bitcoin, and the rest of the crypto market will follow suit. This could lead to some great potential buy areas in the future.