ryanc49

ryanc49

Update from last weeks post: The analysis did not play out exactly to plan but the bias stayed the same and there were many opportunities despite the rise from the open on Monday. One area I focused on was the grey box which was mentioned in last week's analysis, price was testing this zone as resistance maintaining the bearish bias. so once price broke the...

ryanc49

Benn a while thought I would share a trade that I think has a high probability of playing out, there are several reasons for this and of course it could all change on Mondays open. Looking for a short to recover this clean move here, not targetting the full move but you could easily leave 20% of the trade to run just in case it takes the full thing out (if the...

ryanc49

Trend Based fib short: Sharing an idea using the trend based fib in confluence with the basic fibonacci. firstly AUDJPY has seen a LOT of upside recently, so this move it totally sceptical depending on the open being very close to Friday's close. I am patiently waiting for a trend reversal here. firstly noticing the 1h fib retrace on the previous high. Fridays...

ryanc49

Update BTC running into nice resistance here at the 45k level, you can see we have hit this price several times and a drop has shortly followed. I will say the more times we test the weaker it becomes, so hoping to finally break that level and see a continuation. I am expecting a retrace back down but the same as my eth analysis last night I would really like...

ryanc49

Update: Looking at the daily timeframe here for eth, been a long while since I analysed but may as well say what im looking at here. so I can see a nice W pattern here. I would really like to see the wick get above the 3200 level before retesting the neckline of the W pattern but yes I think upside is coming, broke the previous daily high which is good looking to...

ryanc49 Updated 

Update: Would like to showcase my best trade from this week, I know my charts are messy but I would just like to show my logic for taking this trade, it had everything I was looking for, I just had to decide where my profit target was. this grey box was around the level I started to get out of the trade. I looked at the 4h structure and you can see from the...

ryanc49

Update from previous idea: Last update we were hoping for a break above the range we were forming. we actually broke the low before failing the bearish retest and flying to the upside. (we did get a retest on support before moving so an entry would've been possible. okay I highlighted this range previously and now we are back in this small range but look how...

ryanc49

Update from previous idea: Last post went pretty well called the perfect long opportunity from the ascending pattern, if you go back you can see price broke and perfectly retested the formation before moving around 9% up with little consolidation, so that was nice. I want to focus on a slightly bigger timeframe here to show the battle price is going to have...

ryanc49

Update: We have seen some extremely bearish news for all assets today, with the news that Russia has started to invade Ukraine so that creates a few things. fear and volatility being the main ones. I am not saying crypto is bullish in the short-mid term but buying a dip from crazy news like this has been beneficial 100% of the time. and you can see that with the...

ryanc49

Update from previous idea: analysis was spot on, price came up made a Lower high barely touching my resistance box before dropping nicely back to the next zone. targets were slightly lower but profit was good none the less. So we bounced up here actually broke my resistance and then failed on the retest showing big selling pressure on this pair. I have set...

ryanc49

Update: Been a while on this, been trading loads but not uploading so much. just thought I would highlight a pair I am looking at and have been trading today. AUDJPY playing perfectly into this range here and in a daily resistance, we have been playing this range (my grey res line) for a few weeks now and although we have seen bullish market structure but have...

ryanc49

Update: we had the nice run up followed by the usual pullback, question is where is price likely to go now. currently holding this support which was previously a consolidation channel. so it is nice to see it holding up for the moment. however, the more times a support is tested the higher the chances we will break and there are so many targets for the downside...

ryanc49

Update: Been looking at this pair for a couple weeks and I think we are looking quite bearish now, several confluences suggesting this as well. firstly looking at the perfect rejection off of this big box of resistance, we haven't managed to break that high for weeks and last week it was broke but no candle close above just a wick. if you look at last weeks...

ryanc49

Update: BTC chart played out perfectly, hitting the first grey line of resistance and bouncing then coming back up and breaking it straight into the next line of resistance made for the perfect scalping entries and for a low risk short position off of the top line of resistance which would be lovely profit right now. so a key level of support was also this teal...

ryanc49

Update: so glad in posted my weekend analysis of this pair as it has played out perfectly. I was expecting a reversal with a bounce on the upper yellow trend line which has proved to be relevant in the bigger timeframes. price was so weak we seen a reversal pattern straight away dropping price. perfectly retesting the pattern and drooping even further, creating...

ryanc49

Update: don't ever post BTC because I hardly look at it, in terms of analysis I have spotted 2 daily resistance levels that if we break will show amazing momentum leading into the next few weeks, hopefully signalling a reversal. firstly you can see we are very close to my first point of resistance and since dropping below it as support it has been suppressing...

ryanc49

Update: thought I would post this chart because I am looking at a big move here for USDJPY the bigger timeframes are telling a good story here. you can see a perfect break and retest on my lower yellow resistance line which was previous support. which obviously coincided with the news for the dollar. either way I do believe you can see the outcome of news through...

ryanc49

Update: we have seen continued downside momentum as discussed in my last analysis. I think we are beginning to get exhausted and possibly looking to reverse. firstly looking at this ascending triangle on the 4hr chart, we did see a bit of a fakeout to the upside before quickly breaking back down and hitting support. I am expecting to see another test of the...