Weekly & 4Hour time frame analysis. USDJPY has just retested the upper downtrendline & failed. The profit zone is marked in purple. The divergence signals a regular bullish divergence so that profit area could turn into a demand zone, pushing the pair to new highs. If price retests & fails the upper (weekly) trendline after hitting the profit zone, USDJPY should...
GBPAUD made a gap last week & failed it. Game over for this one. We are in a divergence heaven at this point...make sure you get paid from this recession. It's not a recession. It's big investors taking profits like always. Myself & hundreds of other traders called a bear market last year. Let this year be the year you learn to read charts & become a pro!
NOW IS THE TIME TO BE TRADING! Alot of pairs will be making reversal plays, which will make great entries to hop on board & bring in profits for us over the next few weeks. I've marked key areas on the Daily for direction & on the 15 for entry. Pretty much any SHORT entry over the next few days should see profit. The Daily chart is in an uptrend so price will...
I’ve been waiting to jump on this Long, as ZAR pairs have the biggest price movements. This means big profit potential. This 15min chart analyzes the current pullback about to take place. As long as we stay inside this BLUE triangle I have drawn, we’ll see GBPZAR fall back to test the original breakout. The area is marked as a high volume zone, as the volume bars...
This is the Line Break Chart analysis showing true supply, demand, trend momentum, & volume correlations. The chart 90% of traders will never see... You can only see these charts as a TradingView Pro+ subscriber. Or an institutional bank trader. The blue band is my bollinger band custom setting - .382 deviation. My strategy with it is when 5 bars close above or...
Price is below all my moving averages, signaling price to be in a downtrend. I was awaiting a break below the 50 EMA, signaling weakness in the pullback to the upside. Price should head to retest the bottom, potentially making a new low. the Daily chart is in a strong downtrend, so a new low is certainly possible. We are also breaking a new Weekly low, which...
Quick scalp trade setting up on the 1 hour EURAUD chart. I'll enter at the 50% (GREEN) line, as price falls back to retest the area. I'll enter any bullish candle formation & watch the 15min chart for confirmation. I'll look to take profits on half my position at the 1st PURPLE line, as the pullback may not be over. If price cannot hold above the 1st PURPLE line,...
NZDCAD is currently retesting the level it broke out from. My indicators are signaling a divergence, which is a sign that the pair will continue its Bearish trend. I'll be using the 15min & 1Hr time frame to enter a SHORT position. This is a position that could be held for 3-5 weeks (3-5 weekly candles) before I even consider taking profits. This is a simple set...
1. If you are new to trading, learn how to trade support & resistance of triangles on the Daily & Hourly time frame. The time it will take BTC to retest the BUY zones I've marked, will be more than enough time for you to learn & practice how to be ready for the retest of the areas I've marked. 2. Realize that BTC has retested & held above the green triangular...
AUDUSD has just entered a level it hasn’t tested since 2008! A huge move to the upside will come as long as this level holds. This is a strong BUY set up. The 15min chart just showed signs of high volume & decending wedge Roth into the level. Price may bounce off & go back into the level before it springs to new Daily highs. If you haven’t made any money all...
I'd be expecting a pullback in USDCAD before a breakout. The cup & handle pattern is a bullish indicator. At this time, USDCAD is up against a heavy Daily resistance area. A short term SHORT play has set up, as the 1Hr chart has formed an ascending, which is a common reversal signal when up against larger time frame resistance. PURPLE lines notate profit zones...
I dont care if its BTC or any other stock or currency, 2 things apply. Professional traders are watching the charts, armatures & part time traders are speculating off news & hype. Read what unfolds in the price action & do not get distracted. The truth is, no matter what's in the news, investor's true decisions will show up once positions are executed (whether...
EURUSD is falling to retest the shoulder of the Reverse Head & shoulders pattern i analyzed on the daily chart. If price holds above this Right “Shoulder”, we could see the pair rise to new Monthly Chart highs. The monthly chart shows a head & shoulders, indicating Bearish momentum. However, if we break to the downside, we could see the EURUSD at all time lows...
A hold above the Right Shoulder trend line will see price continue a reversal to retest the 1st horizontal resistance (PURPLE LINES). A hold above that neckline will see price try to retest the high.
We are coming upon an area that may have a small bounce. Lower timeframe day trades on the LONG side are possible in this area, as price retests a previous low. A break & hold below this area will see price fall to retest the all time lows. Long term, I'm expecting every pullback to the upside to be potential SHORT entries.
BTC is trading within a channel. Focus on long-term structure.
Purple lines are profit targets as long as USDCAD holds above this green channel.
USDJPY is holding the Daily chart breakout. Intraday pullbacks are buyable...