Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see AUDJPY here in a beautiful ascending channel, with a cyclic oscillic movement inside of it. For as long as the channel remains, we will be able to do two things: 1) Scalp each price movement with a short on the top trendline and a long on the bottom trendline 2)...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see an interesting pattern here on LINK, where the price is about to hit a horizontal support zone, leading to an important decision moment. 1) On a shorter timeframe (left chart) we see a relatively weak support zone. The price has already spiked down a few times,...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. Here on AUDCAD we are seeing two bearish signals: 1) The price just hit a horizontal resistance area 2) We see a bearish RSI Divergence Bullish Scenario - If AUDCAD manages to break through the resistance, there could be a large spike up. It will finally release all the...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the price making a higher low, whereas at the same time the RSI is making a lower low. This is a bullish continuation pattern where the divergence indicates the end of a temporary retracement in an overall uptrend. This could be a great moment to buy NEO and...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We can see the RSI here making a higher low, while the price is making a lower low. This is an indication of reduced momentum, showing that bears are struggling to push the price down. This unsustainable push will lead to an increase in price by creating more momentum for...
Hey all, the Trading Guru is back with another entry on the new series called 'Quick Updates'. We can see this beautiful 0.382 fib retracement on AUDNZD (see the left side). The price already bounced off once very cleanly on the .382 level. Since the overall trend has a clear reversal on a higher timeframe (see the right side), it is expected that the price...
Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'. We see here that BQXBTC has just reached it's support zone. This could be a great indication of a trend reversal, bouncing back towards the area of previous resistance. BTCUSDT has been massively on the move recently, pulling all alts dry. Once the upwards trend of BTC...