I see the flat channel on the BTC and me very interesting what will show my Future Grand Trend indicator. I hang on it on the chart and will very expressive. Really? Flat channel will be on the next few days? Now me very interesting will it or not. Lets try to look together...
Economists see a roughly two in three chance that the BoE will raise its interest rate next month to 4.5% from 4.25%, which would be its 12th consecutive rate rise since December 2021. With a week laced week series of high-impact macroeconomic events, the consumer price index will be the centre of focus as expect data on Wednesday to show a fall in consumer price...
Well, the past three to four months have shown that the only reason crude prices aren’t breaking out of the channel ($83/$70) is because of the inflation hangover in the U.S and the Fed’s hawkish outlook emphasizes how far and high it is ready to increase rates. This was further reiterated by Fed Chair Jerome Powell during his testimony before Congress as the...
A follow-up video to the previous analysis on the GBPUSD where we scooped over 400 pips profit (see link below for reference purposes). The US dollar continues to plunge since the beginning of the year as fear of recession mounts. To further mount pressure on the Greenback is the data from the U.S. retail sales which fell by the most in a year in December and...
This is a follow-up video to my previous analysis on US Oil commodities where we scooped close to 2,000 pips profit to start the year on a profitable note (see link below for reference purposes). Tagged the worst trading starts for a year since 1991 - The US Oil posts its biggest weekly loss in a month after reversing gains prior to the U.S. nonfarm payrolls event...
This is a follow-up video to my previous analysis on the GBPUSD where we scooped over 400pips profit to start the year on a profitable note (see link below for reference purposes). The U.S. dollar started the year on a positive note, trading near a one-month high after healthy employment data pointed to a strong labor market ahead of the most anticipated...
The U.S. dollar edged lower to post a weekly loss on dovish projection from the Federal Reserve. From a technical standpoint, it is worth noting that the price has been caught within a support and resistance (142.500 and 138.000) in the last two weeks to emphasize the indecision in the market. The coming week is laced with major market-moving economic releases,...
The intervention of the Bank of Japan three weeks ago appears to linger on in this market as the U.S. economy continued to add jobs at a solid rate in September. As the price continues to trade between a specific zone (145 and 144 area) in the last three weeks, we can only wait for a signal to have a trading opportunity on this pair. Risk Disclaimer: Margin...
This is a follow-up video to my previous analysis on the USDJPY as trading activities were largely sideways during the course of last week's trading session. So, price action was caught within the 145.000 and 144.200 zone, emphasising the indecision in the market at this juncture. Though price action is still within the sell window at the psychologically important...
Hi traders. The scene of the majors time frames Is bearish and this downtrend maybe continous by 2-3 days. Therefore a re-entry to short the double-top of this accumulation flat trend Is a good position. We've tokens ETF 'DOWN' on Binance too. I have a TP1 at 46.2k and a TP2 at 46k. It'll demand patience. Thanks. Have a nice day
Hi every body. My previous analysis about EURUSD had some flaws so i made it right. So far a Flat pattern has completed, wave C retraced more than 161% wave B so its a Elongated Flat. Then a ABC pattern couldn't break the flat's channel therefore it wasn't an impulse and that count as a X wave. Elongated flats are also common in triangles but i don't think that's...
Broke out of expanding flat only to crash right back into the pattern. No clear direction here except a possible bounce here due to oversold technicals. Support seems strong around $1.05 on daily TF. I would look to buy that test if we get there.
See how bears failed to push price down to support. This is our first indication that bulls are beginning to take control of this market. Bulls did indeed take control and we've seen a breakout overnight of this range after some indecision at our key resistance level. Where will price head next on this pair? Interested in talking trading over the weekend? Why...
Price has rallied up to tag our long term resistance zone before bears have entered the market once again. Will we see a break of our ascending trendline? Price still trading inside our blue highlighted area bouncing between key levels in the market.
We can see a break of descending structure, bears take over the market. Price finds support and is consolidating in this range. Where will see price go heading into next week? Any questions? Just drop me a message. Happy Trading and have a great weekend!
We can see price has followed our first initial price path by falling to our support zone in our flat channel. Bulls are sitting at this level once again, but will they be able to take price higher once again? Or will we see a break of this structure? Happy Trading - and as always, any questions please feel free to shoot me a DM!
We can see a break of structure - followed by consolidation and indecision in the market forming this small range highlighted. What we're waiting for is a break of this range to the upside.
We've seen yet another bounce off our support level and price continues to trade in our flat channel. We're expecting bears to enter the market around this level. Stay tuned and watch this pair as we head into next week. Will we see a breakout?