Price action has been choppy of late. This is how I suspect it will play out. Trade safe Sunny
We require a switch in momentum , if we receive a break surpassing the daily lower high (currently being rejected) followed by a continuation pattern , we will see a break to the highs as directed.
Daily timeframe is suggestive of bullish structure. If we receive a technical breakout and continuation pattern as directed could see price being tapped to the -0.27 as first target.
Weekly trend is still bearish and price is formed a reversal pattern while trying to push up. Since then we are breaking the daily structure higher low. If we maintain this 4H close and a continuation pattern is seen on the lower timeframes, we should see price push down as directed. Trade safe Sunny
CHFJPY on all timeframes is currently bullish. We had a nice push to the upside last week due to the bearish move of the JPY. Since the move we are now in a corrective phase anticipating another leg to the upside.
Gold is such a beautiful commodity to trade. Since the major signs of reversal we had an impulsive push to the downside. I expect price to relief/liquidate as sellers will be taking profits to end the week into the structural area. Trade with proper risk management Sunny Kumar
Bitcoin - pure price action . Zone of 42-22K yet to be tested. Will sellers be in play here? Let price develp and do the talking. No room for irrational buying/selling. I have posted 3 possible scenarios. Have a lovely day Sunny Kumar
USDCHF - 1h - Overall a bearish momentum , and currently in a state of liquidation. If we break out as directed and create short term lower lows, we will see the bottoms as directed. Ideal play would be to see further correction before push to the downside. Trade safe Sunny Kumar
Good afternoon fellow traders! , GBPCHF is looking like a beautiful play. On its recent price action , the weekly timeframe is now turning bearish. To confirm we will require a daily break below the daily higher low, followed by a continuation pattern before taking it the driver where buyers will be sitting. On the daily the move to the downside has been...
Possible breakout is to occur with a nice invesrse head and shoulder forming from its rejection to the demand zone. If we create higher highs we will see recent high re-visited. If we create lower lows we will see the bottoms again. Trade safe Sunny
XRP has been on an extreme bullish run of late having been suppressed and failing to break the prior 80 cent psychological reason. It's incredible run just fell short of 2 dollars and is now correcting expected. It is important to understand that the crypto market is one of the most volatile markets out there , so with crazy gains you can expect near equal...
BTC is retesting its prior ATH before the impulsive move. We are now correcting. Technically speaking we could see further correction/sideways movment if we drop within the prior range. If we break the last 4H lower high we can expect price to test a new ATH at 65K. Trade safe Sunny Kumar
Within current momentum , we are creating nice lower lows. If we create short term lower lows directed , we should see another sell off. Again will ideally need a 4H confirmation before taking the sell.
GBPCAD - The higher timeframe is suggestive that we are in overall relief(liquidation) waiting to go up. However, current momentum is still to the downside. Recent price action is suggesting exhausted price action , showing a reversal pattern. If we are to break the zone marked and form a continuation pattern we can expect price to visit the tops directed. If we...
I have talked about this earlier on and we have finally received upside break of range. If we sustain this support and create higher highs we can expect 2 dollars very soon! Trade safe Sunny