I saw this triangle develop of the 30m chart for Silver. Price appears to be breaking down from Triangle.
From what I can glean, the damage on Friday's Short came from an M_Top pattern on the Hourly-Chart. These breaches at the neckline are notorious for huge sell-offs. One thing I am being mindful of is a more extensive M_Top pattern on the 4HR chart. But the scary thing is that the neckline is only 0.69% down the Gold-price corridor. Scary stuff hey! But wait,...
XAGJPY is a short I took due to negative divergence on the daily stochastics. It turns out that regular Silver XAGUSD is facing a similar fate of hidden divergence on the daily stochastics. XAGJPY has finished under the 50 EMA on the 1HR chart which is not a great position to be going into the Oceania session in NZ in about 90 minutes.
Hey traders, it's Friday and we probably won't get into the analyzed zone this week, but at least we know what to expect! Most successful trades are based on waiting. I personally prefer setting up multiple TPs , here's an explanation: 1) 1:1 allows you to take a 50% position and thus secure a balance against loss in case the market turns 2) 2-5 :1 means profit...
We are driven in to short position by macro data, or BTC decouple from stock market.
Hi all, Bitcoin shows me a pattern that looks suspiciously like the pre-announcement of the dip in May. I don't like to predict the market myself, so I'm definitely not going long or short based on this information. However, these are indicators for me to be alert. What corresponds to May? 1 and 2 have already been implemented. Possible scenario 1 It may...
My Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy...
My Fellow Crypto Traders, Appreciate you taking the time to view my analysis in which I hope you may find beneficial. Please be sure to “LIKE” if you indeed find my analysis useful and/or find my analysis intriguing. Cheers & Happy...
volatility is used to wipe out small margin traders who do not use risk management. our previous analysis was voided on the second play, our first play prediction was respect. The elections indicate that if biden wins, the dollar weakens, the chart currently broke out of a consolidation with a rising candle, failure to hold the 1930 in the next week it could mean...
Potential short on CHFJPY if we see a break and retest of the 112.60 level. will drop below the 100 day EMA which further indicates a possible short. Will be keeping an eye out over the next few days, keep in mind the current volatility of the CHF pairs due to the SNB announcements.
I have some channels and ideas for today, lets check them. I told that several times, macd shows them a big trend is coming and you see what happened and also I was talking about rsi and down trend. So in my idea we have two options here as always, which one will be the winner for today? it will be more clear for me in a few hours, lemme explain this chart. Rsi...
Hello Traders This week on AUDUSD, we can see price has broken the down trend, created a V formation in the chart and has now come up to the previous high at the 0.66670 area. Price hasn't yet hit it's final level of fibonacci resistance at 0.786. I will be keenly watching this pair, as well as AUDCAD and AUDJPY to see what trading opportunities...
USD/JPY DAILY SUPPORT HAS BEEN BROKEN TODAY. LOOKING FOR PRICE TO CORRECT ITSELF BACK TO THE SUPPORT THAT IS NOW OUR NEW RESISTANCE AND WILL UPDATE OF POSSIBLE SHORT ORDER. STAY POSTED AND STAY PATIENT.
Here I'm on the 15min. time frame at the first lower high from yesterdays spike down. I'm waiting fore price to show me a trustworthy bearish engulfing setup. The candles in the red box are a bearish engulfing pattern but the red EMA is not over the blue yet. The yellow box is an engulfing pattern as well and the red EMA is now clearly over the blue. Now waiting...