Hi Traders, Looking at GOLD today which has been falling. We have the DXY breaking out of an eight-year range, which has investors concerned and this has resulted in the commodities market falling. We have a bear flag on gold in the 4-hour time frame. I will be waiting for an impulsive break of the bottom-most support area of this flag. I need to see strong...
Hi Traders, I am looking at the DAX today on the 4-Hour Chart. We may have a potential Double Bottom forming currently. We have nice divergence across the MACD Histogram. I'm waiting either for the price to break out of the neck zone area with impulsive bullish volume to accompany it OR for the price to head down again and form a clearer second...
Hi Traders, I am looking at AUD/USD on the 4-hour time frame today. I am noticing a potential Double Bottom pattern begin to form. We have two bottoms already and we have our neckline. We also have divergence in the MACD across the two bottoms. I'm waiting for the price to come up and impulsively breakthrough that neckline. If we see a break and close...
Hi Traders, Looking at Apple Stock today on the 1-hour time frame. We see a nice potential triple bottom playing out. Price has been respecting the descending trend line as well as the neckline of the triple bottom. Once the price broke out of the neckline as well as the descending trend line, we had a nice bullish volume bar to accompany it. Once the market...
Hi Traders, Today we are on the UK100 In the 4-hour time frame, we see a nice double top. My entry was the deepest point of the neckline. I waited for the price to retrace to the deepest point at the top of the resistance of the neckline. My short position opened then. I had confluence from the divergence across the MACD as well as the large bearish volume...
Hi Traders, Having a look at the DAX30 on the Daily. We see a potential falling wedge with accompanied divergence across the MACD. I would like to see a break and retest of this pattern before jumping in. This is the daily time frame so this would be quite a long swing position. It's all about patience haha. Let's see how it plays out. My target would be...
Hi Traders, Looking at Netflix in the 1-hour time frame. I see an inverted head & shoulders setup. There is divergence on the MACD Histogram as well as the MA lines and currently, the price is making its way above the neck zone. We have some nice bullish volume to accompany this break and close above the neck zone. If we see a calm retrace down to the neck...
Hi Traders, Looking at BITCOIN (BTC/USD) Today. We are in the 4-hour time frame. We have, unfortunately, for now, had that possible V bottom recovery invalidated. This is because we have broken below the most recent low, so now we are looking for further sell opportunities. I have highlighted my order block zone in yellow. I am waiting for the price to...
Hi Traders, Looking at the DAX today. On the 4-Hour, we see a nice double op that has formed. The two tops are wicks which shows strong sell movement. The two wicks are also a lower low in terms of the 4-hour trend. We also have partial divergence across the histogram of the MACD. Buyers are weakening. We have broken below the neck zone and then entered upon a...
Hi Traders, Looking at the DAX today. On the Daily, we see that price has flipped from support to resistance and we are ranging between the 1245 and 1480 price levels. Dropping down to the 4-hour time frame, we can see that price is descending and broadening out. We do have divergence across the MACD which helps give a bit of confluence to some potential positive...
Hi Traders, Looking at GBP/USD on the Daily today. Notice the descending trend line since the beginning of the year. We haven’t broken through this entire year and we have been making lower lows and lower highs all this time. This means that my overall bias on this pair is still bearish. I have marked up an Order block zone highlighted in blue. If we see a...
Hi Traders, I'm looking at BTC today on the 4-hour time frame. We don’t know if the bottom is in yet for this recent capitulation but that’s not my problem to solve. I only trade what the charts show me. If a setup presents itself and fits into my list of rules and criteria, then I will jump into a position. I'm noticing a potential head and shoulders...
Hi Traders, I am looking at this potential Double bottom forming on the Daily Time Frame for EUR/USD We've seen this descending trend line act as resistance since early February. We can see we also have two clear bottoms with accompanied divergence across the MA lines of the MACD. If we can see some impulsive price action accompanied by sizeable bullish volume...
Hi Traders, I am looking at this potential Double bottom forming on the 4-hour time frame for EUR/USD We have pure divergence showing on the MACD. We have sellers weakening out on the histogram as well as the MA lines. This current candle needs to close ideally above the neck zone but needs strong bullish volume to accompany it. If we see that, then we can wait...
Hi Traders, Today we are looking at the king of all cryptos. King BTC has broken out of its range. I mentioned last week that we were approaching the end of this range as we headed towards the descending trend line. It seems like the floor fell out from underneath us and we broke through the bottom of that channel. I watched for a break and retested the top or...
Hi Traders, Happy Friday, Today, I am looking at the king of all cryptos – BTC We have seen nothing but bearish price movement recently. We also had that major capitulation where everything sold off incredibly quickly. If you’re a veteran crypto holder/investor then you’ve seen this type of action multiple times before. If you’re new to the space, you can see how...
Hi Traders, Happy Wednesday! Today, I am looking at the potential double top we have playing out on AUD/USD in the 4-hour time frame. We can see that price has been in an ascending channel and following along the ascending trend line. We may have broken the trendline but we need to see full confirmation by seeing an impulsive close below the yellow neck...
Hi Traders, Happy Monday. Today we are looking at a double bottom pattern that has been playing out on GBPUSD – 4-Hour TF. I have highlighted the yellow NECK ZONE that we were watching. We were waiting for the price to break up and close above the neck zone. We then wanted to see the price retrace back into the neck zone before entering into a long position. Our...