On the monthly timeframe, Bitcoin had created a high in January 2018 at $17178 price point. When I calculate the last leg that happen when market broke the high from January with the Fibonacci tool, we can find Bitcoin is sitting at the strong price reversal zone 78.6% which confluence with the price point $17178. The cherry on top can be the month candlestick...
Happy Holidays to all. Here's an idea I have for GOLD on the H1 timeframe. As we were making Lower Highs (LH) and Lower Low (LL), market reached a strong point which then lead to a break of the most recent Lower High (LH). No doubt that the bulls are now in control. Since it's best practice to enter a sell at a Lower High (LH) and a buy at a Higher Low (HL),...
I approach trading as an art. I approach it in a neutral state of mind. With a free state of mind, I acknowledge that I don’t know all the variables. However, I try to come up with what I can spot from what I’ve learned, what’s in my knowledge bank. Here’s what we know about GOLD - Reached a resistance zone - Broke bullish structure - H4 Bearish Evening Star...
After a massive drop, we're seeing sign of retracement on USDCHF. On the Monthly time frame, the picture is showing buyers in control following up with a bullish engulfing pattern. It is significant because market is still playing within that pattern. Displaying in the Weekly time frame: - Clean Break Of Structure indicated - Slight test of the monthly order...
While expecting to catch a sell retracement on a bullish momentum. I was cautious that market may go from wanting to fall to "I'd like to continue my main trend". In this case GU created an H4 bullish engulfing on a support that was a resistance. Now I'm expecting a price movement of 100 points to the upside. I will be posting entries on my next idea because I...
GBPUSD has reached a strong resistance and now has broken H1 structure. Expecting a retracement before selling.
While doing extra analysis on AUDUSD, I failed to see an Asian Low at the most recent low. So therefore I'm looking to buy lower 0.72650.
I'm interested in purchasing the currency pair AUDUSD. Simply because of the Bullish Engulfing pattern that was created on the Daily time frame. I will wait for price to retrace a little lower before executing my buy and hopefully catch swing. The plan is the take profits on each lower time frame highs.
There's a break of structure I believe most retail traders are ignoring. Lacking this knowledge can lead retailers to keep on selling as they're seeing GBPAUD falling for weeks and weeks. However, this is a game of price over time, and price over time is showing a consolidation before an expansion favoring the bulls.
GBPJPY is no doubt in an uptrend and what we're seeing right now is a retracement to cover the range and continue its real trend, the uptrend. Current price at 153.117 on Sunday November 7th, I expect market to cover sellers imbalance and try to hit 155.000 price point. Then and only then, I may look to sell this currency pair.