We are interested in shorting NU for glaring reasons. On the monthly weekly and daily timeframes, price is clearly trending to the downside. Price broke below 0.6000 and is now testing the level as resistance. As long as price does not break above 0.60, this trade idea remains valid. There's a huge potential for 200 pips if this trade idea plays out. Our next...
Is it time for the USDCHF to head lower? Let's look at this pair from a technical perspective. To understand the direction of a pair, we have to first look at the higher timeframes. The monthly, weekly and daily timeframe suggest that this is a downtrend.. It's not a matter of where the trend is headed, because obviously, it's a downtrend.. Since we "know"...
Here's the update on my trades from the 4th of May 2023.
Currently holding two positions which I discussed in this video. Leave a like, subscribe and turn on post notifications.
Over the last couple of years, the trading industry has evolved and new traders that come into the business just get it going with a live account without going through a demo account first. In fact, trading a demo account these days feels so much like a waste of time.. But should it be this way?? Should you trade a demo account, or even take it seriously? Plain...
In here I talk about potential setups for the week and any trade updates I'm currently holding.
I've gone over a few pairs that I have on my watchlist for the week. I hope you do get some insights from this video and I'll see you next weekend!
We considered 12 pairs coming into next week. Do well to Subscribe, drop a like, and leave a comment. ENJOY!
Since November 2021, we have seen most cryptos and altcoins, even Bitcoin concede downtrend movements.. Price has continued to move to the downside here on AXS, but the support level at $50 has been holding strong so far.. We've seen price bounce multiple times from this key level. Would we see a bullish rally? Well, we might want to wait for uptrend structures...
Looking at past data on Solana, we might be up for a bull run. Why? Before the last bullish wave, price created a bull flag for a couple of weeks. With a continuous bounce at the $25 support level, the bullish impulse was aided until price got to the ATH at $260. Now, price has continued to face bearish movements in this bear market. Lower highs and lower lows...
Even consistent traders lose. It happens, its inevitable. So keep your head up, continue to execute and trust the process!
Price is currently trading around 1.87800, testing the key support area on the 4-hour time frame. Recent price action shows lower highs coming into the key area. If price cracks below this level, I'll be looking for short opportunities to continue this trend to the downside.
Price is in a downtrend on the hourly timeframe, as lower highs and lower lows are being printed. However, recent price action tells us that we might see a short term reversal. Price is testing a key resistance level at 0.72350, after a possible higher low has been formed. Before taking long positions, price needs to break above the level with a clear impulse,...
Since the consolidation from Feb 15, this pair has not been so good to look at. Price is stuck in a range, but we might see a breakout soon. Price just bounced off the support area of the range at 76.700 and this could propel the breakout. I'm waiting patiently to see uptrend continuations back into play, so that I can continue to take Long positions.
Following the last update on this pair, we have seen more upside continuations. Price is forming a higher low around 0.91600. We had the first bounce of the level, so if we get a second bounce and not crack below it, I'll be following longs to continue the hourly trend to the upside. Uptrend, pullback/higher low formation, these confluences are key to taking our...
Breaking down two solid trades for the day. Hope you have a successful week!
Price is pushing deep into the hourly resistance at 1.16400. This level has been tested multiple times, so we might see a breakout sooner or later. The structure is still firm, maintaining higher lows at this point. Once we see a clear break above this hourly level, I'll be looking for Long opportunities to continue this trend to the upside.
We see price clearly trending to the downside on the hourly and 4-hour time frame. After the last impulse to the downside, price is pulling back into the key area at 0.83500. If we find rejections, and if structure begins to shift to the bearish sides, I'll be selling with momentum down to 0.83000