Chathifriends

Chathifriends

According to Ellion Wave theory, BTC has completed the ABCDE pattern and is now due for a reversal to the down side. To back this prediction, RSI has shown a divergence on the daily time frame. Please confirm with your strategy before entering a trade!

Chathifriends

No divergence seen on RSI H4. A continuation of trend down expected until it hits H4 resistance we can expect a reversal

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GBP USD has broke structure and now is in a pullback phase. Big pullback is expected to the weekly resistance level and reversal from there. RSI divergence can be seen above the 70 level. Safer trades can be made once price has broken trendline on lower time frames

Chathifriends Updated 

EU shows a divergence above 90 RSI. Expecting big moves for this pair. A potential reversal point should expected on the weekly support level. Please confirm your trades with your own analysis. Trade safe everyone!

Chathifriends Updated 

On my H4 perspective of USD CAD, it has broken structure and is now on a pullback phase. Divergence can be seen above RSI 70 level. I expect price will go down to weekly support level and reverse from there. Big moves incoming! Please check with your own strategy and analysis before executing a trade. Trade safe everyone!

Chathifriends

DXY broke structure and is now in a pullback phase. I am anticipating it to be going down to Weekly major resistance and reverse from there.

Chathifriends Updated 

GBP AUD has formed a bullish wedge. RSI divergence can be seen. Price has touched D1 resistance and bounced. I expect GA to pullback before continuation of down trend. Note: Please confirm with your strategy before trading. Trade safe!

Chathifriends

There has been reports that SNB (Swiss National Bank) will intervene due to an overvalued CHF. An overvalued currency impacts their export focused economy. The report states that SNB will be buying foreign currencies mainly USD to lower down CHF value. In this chart you will see that DXY has broke trend and pulled back and is bouncing off D1 support level. I...

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For today EJ price looks to be going north and will then fall once reached major resistance according to my strategy. A divergence on H2 can be seen on CCI. Please look into your own strategy before entering a trade. Wishing all of you a good trading week!

Chathifriends

CAD CHF have had a rough week. Dropping to major support level shown in the red line. Good news is that it seems to have bounced at this level. Median reversian channel is showing an oversold level. PA is showing a reversal as well. Remember to confirm with your strategy before entering a trade. Have a good weekend and happy trading!

Chathifriends

NZD CHF has a huge long potential where you can easily hold until the end of the week at least. We can see an RSI divergence on the daily chart and selling volume has waned off. Trendline has been broken and the pullback is completed. In my opinion a long here is still early. Please backtest and make sure it aligns with your strategy before opening up a position.

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Although a strong bias of shorts for this pair. I am going against the majority. I believe that this pair will rise as the Yen does not do well during wars. Additionally we can see a strong rejection wicks which is an indicator of a buy. Head and shoulder pattern has failed as well. Now we are in a consolidation phase and i believe will move towards a higher high....

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GBP JPY has followed the trendline rule so far and is expected to continue following this rule. Price has broken to the higher highs and has now travelled down to a higher low on H1 TF. According to price action rule, the price will move upwards to hit the higher highs. Take note that RSI has also hit below 25 oversold levels and divergence can be seen, sell...

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EU has bounced off the D1 trendline and is expected to now continue its long-term bearish trend. This analysis is based purely on price action. Please confirm with your own strategy. Happy trading!

Chathifriends Updated 

GJ has bounced off the symmetrical triangle and is expected to drop sharply until it reaches the bottom of the trendline. Huge profit potential. This analysis is based purely on Price action. Please do your own research and take profit accordingly. Take care.

Chathifriends Updated 

AUD NZD has bounced off a trendline off a Symmetrical triangle pattern. Expected to rise from here and bounce off the top pattern. High probability trade. Looking at past movements, There is a high chance that there will be big moves to the upside incoming. Small risk high reward. Do your own research before entering a position. Hope this helps all the retail...

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Bullish W pattern is expected to be formed on H1 and is bullish for the pullback on D1. Long entry can be made on pullback. Happy trading!

Chathifriends

EUR USD has created a descending megaphone pattern in D1 TF. It is likely that at some point the price will break the pattern and will reverse gear into a long-term up-trend. I am anticipating another bounce at trendline before this happens. The next time you are swinging long EU. You might want to hold and see if the price breaks the pattern. You might be in for...