BullmarketFX
We have been in this position from around 32k running in some nice profits, now we are waiting for a deeper retracement to atleast the 0.382 fibonacci then i will be adding to my long.
VET has bounced of the uptrend support line and has broke above the mid resistance also forming this nice inverted head and shoulder which we have also broke above, we can initiate long here.
DOTUSD - have been accumulating in this bullish pennant formation and has broke out with a strong bullish impulse and also has gave us a nice correction to test the broken resistance as new support, we can now expect the continuation to the upside .
XAUUSD - has made a nice bearish impulse on the daily TF and is extremely over sold on the RSI indicator, after a impulse we expect the market to give us a nice correction, also on the daily market has formed this M formation in which we expect to complete at the neckline giving us upside target, we will be waiting on lower timeframe for new bullish price action...
EURCAD on the daily TF market as reached daily support, also created a nice M formation giving us a upside target... on lower timeframes market is forming a nice inverted head and shoulders we will be waiting for a close above the resistance before entering the buy.
BITCOIN we have formed a double bottom at the strong demand zone of 30k then broke above previous resistance on daily TF with a bullish impulse, followed by a correction to retest as support, now we are waiting on the 4hr for new bullish structure and if rules are met we will be taking a nice long to catch the continuation to the upside.
ETH is breaking out of this ascending triangle on the 4hr and is breaking above daily resistance, new all time high is coming waiting for a 4hr candle close above resistance then we can long
LINKUSD is trading in this triangle pattern usually a bullish continuation and is edging higher towards the top resistance, if we see a 4hr close above the pattern and above the 4hr resistance (previous high) the we can take the long on the retest.
NOKJPY market has rejected daily resistance with a strong bearish candle, on the 4hr we have bearish structure, on the 1hr market is trading inside of this descending triangle formation - lower lows into an area of support if the support gets broken we can look for a nice intraday short position.
EURAUD same setup spoken about previously, beautiful breakout and new uptrend forming after market formed a nice inverted head and shoulders, now market is consolidating in this descending triangle formation but above daily support, i am expecting a break above the pattern and on the retest we can look to long, on the other hand if we break support to the downside...
USOIL we are extremely overbought and over extended.... on the daily market has made a strong bullish impulse after a impulse we expect to see a correction, to at least the 0.382 fibonacci, also on the daily we have a W formation giving us a more confluence to see the pullback, we will be waiting on lower timeframes for momentum to slow and market structure to...
CADCHF we have a similar setup , market has reached daily resistance and is showing signs of rejection and on the daily we have a nice W formation in which we expect the pattern to complete at the neckline giving us a downside target, again what we will be doing in the premium is waiting on lower timeframes for market to provide to us one of our valid entries then...
EURZAR on the daily timeframe market has reached a strong level of support and a strong demand zone for buyers, also on the daily market has formed this nice M formation, after a M formation we expect to see the pattern complete at the neckline... we will be dropping down to lower timeframes and waiting for new bullish structure along with our other rules of...
NZDCHF possible shorting opportunity, we have reached daily and 4hr resistance (supply) market has respected this zone a number of times previously, we also seem to be slowing momentum and showing rejection on the 4hr if we see a break of structure so a new lower low form and close on the 4hr which will then form this nice head and shoulders formation then we can...
LTCBTC -intraday long opportunity, on the daily timeframe market has formed a M formation after a M we expect market to complete the pattern at the neckline giving us our upside target, on lower timeframes market is still bearish so we need to wait for a slow in momentum and a change of market strucure on lower timeframes, if we will see this and market meets our...
NZDUSD On the daily timeframe market rejected weekly resistance with a bearish engulfing candle breaking below daily support and forming a new lower low, on the 4hr we can see market has mad a correction to form a lower high, now we are looking to catch the continuation to the downside, we first need to see a break below this support (neckline of head and...
USDPLN Market has formed a double top at daily resistance and has formed a new lower high, we are now waiting for a break below the uptrend on the 4hr and on the retest we can look to short.
EURCAD we have a very similar setup to EURAUD as they are obviously correlated, nice reversal after forming a inverted head and shoulders, 4hr has new strong bullish structure forming higher highs and higher lows, and on the daily we have a impulse followed by a correction and we are now looking to capitalize on the continuation to the upside.