Forexasolutionsacademy
BCHUSD MULTI-TIME FRAME ANALYSISHello traders
Here is my view on BCHUSD.
WHAT IS THE SITUATION?
👉 At the moment price is stuck at resistance. It is not appropriate level to buy now.
If price happen to break above (doted line on the chart) you can wait for it to pull back as highlighted on the
chart before you can buy.
BTCUSD STUCK AT RESISTANCEHello Traders
Here is my view on BTCUSD.
Price approaches an important level that has acted as both support and resistance.
What is the situation?
Shrinking Candles at resistance zone, this shows momentum loss and it indicate possible
reversal. However anything it is possible, we can't predict the market but react to it.
ETHUSD REMAIN BULLISH Hello Traders
Her is my view on ETHUSD.
At the moment price is trading inside Ascending Channel and making new higher highs.
What is the situation?
While price breaking through minor resistance inside the Ascending Channel it simply tell me
that buyers still have powers to push price up, so i will be waiting for buyers to take a
break so that sellers can push price down to new horizontal/ vertical support then i will look
for long opportunity.
What are other options?
If price does not satisfy my technical view then i will look for new opportunities should price break
below the low trend line of the Ascending Channel .
ETHUSD CORRECTION STILL IN PLACE.Hello Traders
Here is my view on ETHUSD.
At the moment price is still above up trend line which is corrective move after
the previous down impulsive move. Buying or Selling during corrective move
it is extremely risky, unless you have experience. I do not know how to scalp
the market, my deal it is to wait for price to get to or break above the major
acting resistance or short term uptrend.
BTCUSD THE END OF CORRECTION?Hello Traders
Here is my view on BTCUSD.
So here on weekly we can see we on a dominant downtrend, as price making lower low.
Price then pulls back to key acting resistance zone.
As price approach this area we want to see bulls losing momentum but at the moment
momentum it still up.
Now, we have three tools lining perfectly at this level , almost a perfect setup.
My advice it is to wait for bulls to lose momentum and bearish price action to present itself.
XAUUSD UDPATEHello Traders
Here is my view on XAUUSD.
From my previous post i did mention that i will be monitoring how price react to this level and we can see on my structure that
price closed with a small bullish candle making it an 'Inside Bar' + horizontal dynamic support and 61.8% Fib Level.
Technically i'm expecting long continuation on this pair, good luck.