(The Volume Profiles Yearly POC is an important level for Bitcoin trading that you should look into .) Bitcoin made a nice upwards move after successfully retesting the Yearly POC from 2022. Our indicators are not heavily overbought yet so there's still room for some more upwards price action . If Bitcoin manages to take out the high at 32.5k this...
For now we are looking at an efficient market this means a rage is formed as buyers and sells have agreed on the current pricing of the USDJPY. We are looking for the next risk factor that will have the market value USD higher than it does JPY. To the Robinhood Trading Community this means: For us we continue to look at the USDJPY with a bullish bias even if...
Just an observation: T. Rowe (TROW) appears to have found support on the yearly base line (red line) of the Ichimoku Cloud. Which has proven to be a bottom in past years (2020). I believe that price will try to recover to at least the conversion line (blue line) $140s by the close of the year (if not much sooner). This will also bring the price back above the...
earlier in january I posted a trade idea at yearly L3 saying we might be in for a move up to yearly H3. we got that bounce are now facing yearly central pivot. From here I expect a retrace and daily cool off to new incoming monthly pivot around (yet not confirmed until monthly close) of about 44 to 45k. from there as long as we find support on our daily...
BTC has a newly monthy pivot coming in at around 44.5. every monthly pivot has been tested on bitcoin the last 60 or more pivots excluding only two. This is also the camarilla L3 and weekly pivot region. so it is possible it happens prior to monthly close. it might pop a little more and raise where the retaces comes in at to our current level now also. however...
hello guys This is a EurGbp buy trade. As you can see the wedge is very difficult to identify. And price as a strong reaction on it as a support or resistance. Now, i've identified the embedded channel within it so we can easily mark out the actually wedge line. This is a trade that requires patient to hit tp (if youre swinging it), anyways, I assume price will...
USDCAD has reached a 1 year high @1.2965. Breaking through the 1.2960 resistance could lead USDCAD to push towards 1.3020. Canada Core Retail Sales came out under expectations (1.3% vs 1.6%), reinforcing with fundamentals the technical analysis. Omicron is now the dominant COVID strain in US, with new cases soaring in Canada as well. Tighter measures have been...
Well this was an eventful week. Politics aside ES has sold off now 5 days in a row and sits right on top of the +1.5 std deviation of the yearly vwap. Obviously I am leaning for towards a technical bounce before more selling but just in case we don't I am eyeing the 4341.50-4371.50 yellow area for a larger bounce. As time goes on that +1 std deviation will move...
This chart takes the 2015 - 2018 and compares it to 2020-2023 Camarilla levels from daily up to yearly. use previous time frames prices action and plot next levels on the first of the years. (Example last 2020 Jan 1st. It plotted H3 and L3 (top and then bottom during covid scare) which is interested because on Camarilla pivots . H3 to L3 is just the projected...
a second test of golds new yearly pivot has happened and price has bounced from it. While this is good it will be better if we see following week or price action to clear this top purple pivot. TC of the CPR on yearly time frame.
History on repeat? only the numbers change. but the levels are plotted using previous data
Be warned. it is already approaching H3 yearly camarilla reversal level and its yearly pivot is not touched. Highly likely it does test that level.
The AUDUSD is quickly approaching the 2019 High: Will It Find Resistance? We have seen a strong bull market in recent months for the AUD, spurred by foreign investment in Australian bonds. As the Aussie reaches towards the 2019 high it raises the question: will the Aussie finally find resistance?