Here highlights the current btc predicitons over the next few weeks. We can see there is support at 25k, 27-28k and 30k. Currently there could be a retest of structure and it could head down to 27-28k, or it could go straight up to 38k resistance level. Either way, current price levels is a suitable price to put in a buy order. But many opportunities to enter at a...
EU pair looks like it is about to showcase head and shoulders pattern. It has met a key resistance level and if all goes right it should meet TP and indicators point to a reversal as well. This is just a quick trade I thought I would show.
USDCAD possible sell. In my opinion the pair is currently overbought and along with this it has reached the trend line. My further reasons for this reversal is that it has come after a double bottom pattern, so perhaps we may get a repeat of this. Secondly on a lower tome frame we see that the momentum indicator and the direction of the chart are disagreeing with...
Sorry for the time I've been gone. I have been looking and focusing on stocks but now I am back. Here we have the EURUSD pair and it has reached a strong resistance level, which hasn't been broken since 15th June and looking on the 1 week time frame it has been key throughout the years. Yesterday and day before we see that there has been a double top formation...
This pair has reached a key support level, and the only other time (recently) that it has broken this support was during the lows of March. The likeliness of that happening are minimal due to the slow recovery of the global economy in comparison to March. When looking at a lower time frame, we can see that there has already been a bullish reaction and a possible...
Towards the end of last week we have seen that GBPUSD has been on a winning streak, but will this continue? We can establish a wave formation and using the Fibonacci retracement tool here was the most plausible along with other methods. If all goes to plan and the London session is good it is safe to say that the level .248 (TP1) will almost definitely be met. TP1...
USDCAD sell coming as it is close to approaching a key resistance level. Possible reversal coming once again (seen on higher time frames). There can be two outcomes for this trade, it either reverses at 1 (.41) or 2 (.42). If you're uncertain about TP target, set TP to .398, but essentially the target is .386. The entries for trades 1/2 have been determined using...
USDCAD approaching a very key support level and possible reversal may be incoming. A pair to keep your eye on. TP1 target is .3922 and TP2 target is .395
Possible reversal approaching level of resistance. TP1 target is .9724. USD gained strength in its session after US stocks rallied due to increase in hope for a drug to fight coronavirus. So after this extremely bullish movement, this possibly may be followed by a bearish movement.
There has been a reversal from resistance level. Possible bearish movement as it looks like it is about to retest, hence why I believe scenario 1 will most likely occur.
Can't go wrong with this one. I believe in Scenario 1, what do you guys think about this?
Smashed the EURGBP sell overnight, possible chance to buy it back up.
Unfortunately I forgot to upload this analysis, but as you can see my prediction was correct. I have further looked into this to show what I think will happen after this. When trading there are always 2 outcomes- one that follows your plan or the complete opposite. Therefore, I will start to show possible outcomes rather than just one outcome, and highlight which...
EURJPY approaching key support level, possible buy opportunity here.
If you've been looking at XAUUSD you can see that it has exceeded some/most people's expectations, soaring past the highs of last month. It is uncertain if it will reach a record breaking level, but using the MACD indicator it does not seem like a reversal is coming soon. This is definitely one to keep an eye on as this extremely bullish market will be following...
Possible reversal coming soon. Bears are evidently getting weak and bouncing off support level in this consolidation period. TP1 seems very possible at this current time.
XAUUSD approaching March's highs. Therefore depending on what happens in the news, I believe there to be a possible reversal coming anytime soon with large profits to be made. TP1 first target in this volatile market.