Another week of sideways action, another week closer to creating the base needed for a healthy, substantial move higher or lower. You can see early last week we tested the lower end of the channel, and immediately found buyers down there. Interested to see how this eventually pans out. But so far, it’s digesting very nicely. TV chart link:
So like the S&P, the Nasdaq pulled back as well. But unlike the S&P, the Nasdaq’s pullback was shallow. It just made it back to the 20d, and I really wanted to see it closer to the 50d. So again, I think that the higher we go without a pullback to deeper areas, the more likely I am to look for short setups. Keep in mind, if at any time this week we DO pullback to...
The market gave the retrace back to the 50d like we were thinking it could. But the problem for me is that it didn’t spend any real time down there. Instead, it immediately bounced and we are already back at new ATHs. It really gives me concern about whether it can actually hold. Only time will tell, but moving forward, I will be pretty cautious with longs. As...
BTC is showing signs of retreating volume, please note that this is not indication of trend change but retreating activity during Sunday session, we might get new up kick on Monday
the analyses was set up on the 4hr. then the downtrend was noted from the weekly. Downtrend starts on the weekly and continues all to the 1 hour. The short position is placed on the 4 hour. You get a better visual on the 1 hour. Do your own analyses. I am just a new bee. let me know what you guys think :)
Short idea for this week. GBP major falls last week, and I think it will continue, all TF point to the downside, including weekly, daily, 4h. Price is heading for a major weekly support level in place since 2017. I think it could reach the first target of 1.90600 easily. Onwards to 1.89200 then.
Higher Timeframe Bias (Weekly, Daily, AND 4h!) - Price Action - EMA - S/R Levels Please check out my profile and click 'play' on my recent trades to see how they got on! - To look at EJ you might think it will go up, however it is clearly rejecting this trendline on the weekly chart.
a methodical press down on the weekly and has been following the great expanse down. 4 weeks of red counting current week. let us see what Sunday Funday brings. holiday in the U.S. on Monday
Higher time frames suggest continued momentum to the downside, especially on the weekly. Diving into the LTF's we can see price just trickling its way up. I will be seeking short setups coming into this next trading session with targets of 1.8500 and 1.8200.
Welcome everyone for another trading idea! Im doing my weekly analysis currently and there is one thing i see when im going trough the currency pairs: There is a lot of selling pressure on the US DOLLAR. Every other currency crossed with the dollar is getting a lot of strength right now. The Euro against the Dollar made a huge bullish candle this week and also...
This post is a forecast to monday morning's price action. BCHUSD has been consolidating for some time, $ 379.00, now and after Saturday's bullish attempt, we can certain to expect some ACTION - perhaps maybe at 5AM (UCT+2)
Hey everyone first i want to wish everyone and their family a great easter weekend! We are looking at the USDMXN pair a second time after we were anticipating a great short from the last idea. I will link it below. We clearly see that the bearish trend line is broken and retested on the 1h timeframe. The red horizontal line is a key support level, where price...
Hey everyone, you see right - a new idea! Been busy playing poker and doing some other stuff and not focused on trading so much, but guess what ? we are back! Back with a trading idea on USDJPY hoping right into the market opening. We saw a nice peak high on this pair last week with a divergence happening. Price did break down and now is in consolidation mode...
I am not a licensed financial adviser. Now that that is out of the way, let's look at Bitcoin. It is currently trading below the Ema25 , Ema 50 , Ma 50 , 100 and 200. Rsi has fallen to 39.6, and it is a Thursday. Repeated rejections of 4k have caused BTC to be tightly range bound these past few days , but today, for now at least, it has a direction, and that...
Hi! I hope everyone enjoyed their weekend! We are looking at the EURAUD today, where we closed our short profit from earlier analysis (linked below) a little bit to early. The trend went a lot more deeper, but anyways we also passed a good long entry for now. We can see a nice divergence at the low and 2 levels of correction on the bear cycle, so we are waiting...
Hey traders, hope everyone enjoyed their weekend. Coming up with a quick educational post about our market theory on a lower 1h timeframe. We are in a short on EURCHF since a few days. Looking at the lower time frame setups we can clearly see how a bullish run with two corrections (marked in yellow boxes) happened. On the other side this is a nice chart for price...
Hey guys, i hope everyone enjoyed their weekend. Just saw a very nice cycle on the 4h EURUSD chart. Please be aware that this is for educational purpose only. You can see how ever short term trend is starting with a divergence and has two correction waves (marked in yellow boxes). After the first wave down there is a reset (marked in the grey box) with another...