Hello, good morning! I've been kind of inactive for september, but I'm back again. I've just spotted a reversal rectangle pattern on cadjpy. In other set-ups that went in our favor, they looked similar to this, so it could be a good idea to go bullish. Do you have any other ideas? Let me know in the comment section.
Hello again! From my point of view, there could be 2 possibilities for the eurusd to enter in a short position. I mostly see EURUSD bearish. The best scenario is option 2 as there was a big consolidation and it made a rectangle pattern with a fake breakout. There's also a bullish trendline that was broken these week. If the market goes up but shows one...
Hello again! There's a rectangle pattern spotted on GBPUSD. Interestingly, the price where the TP of the rectangle pattern is been determined coincides with an AB=CD pattern and if it goes further, it will hit to a bat pattern. I'm not gonna talk about the supports until it actually goes there. THe resistance as entry point of the rectangle pattern could be...
Yesterday we theorize 2 possibilities for the market to go bearish on EURUSD. Now we have the first possibility invalidated, meaning that the price may look for our second possibility. We have to wait for the price to retest and it hasn't retested the resistance yet, so it could be a good opportunity to sell. I have also placed the reason why I think it will...
Previously we traded EURCHF because of a harmonic pattern on mother's day. It made a M pattern and now it is retesting the resistance. Down there, we have a trend line that was broken. Technically speaking, neither of them gave the proper retest, and neither of them has completed their target, so both of them are valid. Right now the M pattern is in the entry...
Before the details, there's something undeniable and is the fact that the price has been bullish for the time frame that we're analyzing and the it makes sense for that time frame for a head and shoulders to be formed. At this moment, there may be a possibility to go bearish because of the head and shulders. But we have to wait for the rest as shown in the...
Hello again! Here we go with USDCAD. First of all if we look at a major time frame, we can see a Butterfly pattern. Now this is not as strong as other butterfly pattern, so I based the entry point with the break of the bearish channel right before it started to react. I'm expecting a bullish movement here and I think the price is just gonna move a bit upwards and...
This chart is harder to know what the market will do as it is in a consolidation. But, I'll give my point of view of what will I trade in case it gives me any opportunity. There's a flag pattern that inside the consolidation, which is usual and it could be a bearish possibility that is in theory happening at this moment. But the thing is, the market is also near...
After the failed gartley with AB=CD pattern, we can see too things the market would do: bullish because of a flag pattern (or channel, depending if you see it as geometry or harmonic theory) or bearish because of an ideal AB=CD pattern as 0.786 : 1.27. I recommend to wait for signals when it approaches to a zone marked. In that case, bearish possibility at 101.681...
After a big bullish move, the price seems to be consolidating and forming a rising wedge. I'm expecting the price to go up once more to 1.07440 and then fall. If that's not the case and it continues, I would expect a retest on 1.0737. Our TP would be 1.06000, although 1.06425 could be another possibility for first target. If it doesn't do any of that, then I...
I think I would take definitely the sell if it gives me the retest and show me bearish candlesticks. There's an M pattern that in theory is developing. In case it doesn't retest and go bearish from this point, I could have a bullish opportunity because of the bat pattern. So we have different scenarios: 1. If it gives the retest at 1.50236, we can take a bearish...
Although the market is consolidating, the market is moving on a price range and making a rectangle pattern. We just have to wait for the price to give us the entry whether is a sell or buy. I'm inclining to believe that gbpusd will go for a short position and mostly because we've been in a bearish market this past months, but we just have to wait for the price to...
At this point there's a strong consolidation on the price. But if you see careful there's a flag pattern formed on that conoslidation that can mean a short position. If that happens, we'll wait for the zone where a bat pattern may be formed. Anyway, if we decided to trade, I recommend to reduce risk because of the consolidation. TP will be the green line and SL...
Shiba inu is forming once again a flag pattern and it's about to be complete. Once the upper line of the triangle clearly broken, their will be a high probability chance for it to reaching 0.0002 levels. But if it closes under 0.000045 this analysis won't take effect. Entring point : Actual levels TP : 0.0002 SL : 0.000045
BABA in ascending channel Let's see if tests the higher channel's part...
SPY Braking Ascending Channel... next stop... either Braking 319.8 support... or turning lateral...
Ending Diagonal para el EURUSD. Esperamos tercer toque y confluencia con Magic Level