I don't really trade Crypto's however this one stood out to me as a potential opportunity on the weekly time scale. MATIC has been trending down since late 2021 but it has always shown a bounce around the $0.30 zone, ultimately creating a very large descending triangle coupled with a MACD that has been diverging up. Could we see a rally ahead towards $1.00+?...
Have held long on SOXL for about 5.5 weeks now with an average price of $30. I identified a wedge alongside "hidden" divergence on the MACD on a weekly time scale but it's still been pretty much in the same zone/area of consolidation. When the DeepSeek news broke out, I was for sure ready to cut ties with this one since the Nasdaq was in a complete bloodbath but...
The EUR/USD has rebounded nicely from two weeks prior when we gapped down pretty significantly after tariffs were announced. The original observation was bullish after identifying a bullish pattern (Descending Megaphone) alongside MACD divergence. We're stalling at the moment around 1.0500 and I don't expect any further movement throughout the day considering...
After the Trump tariffs gap last week, the EUR/USD and GBP/USD experienced a significant gap down but recovered nicely. GBP/USD positions were closed at a small profit to protect overall risk but still holding long positions on the EUR/USD and continue to look for 1.0600 as long as price does not exceed 1.0200. Expecting some volatility this upcoming week...
Like last week's video analysis, I'm currently holding long positions on the EUR/USD and GBP/USD. I'm expecting strong movements in the coming week due to FOMC and Interest Rate Policy. The ETF SOXL, has been running well although Friday dumped pretty hard but long positions remain solid. I'll remain diligent in observing the price action this week and hopefully...
In this video I share my bullish ideas on two currency pairs (EUR/USD & GBP/USD) along with ETF (SOXL) and reasons for looking at the bullish side. The markets look a bit flat at the moment however I'm keeping an eye on how we close this week and make preparations going into next week which could spark some volatility as Donald Trump takes office. Good Luck. Trade Safe.
In this short video, I dive into the potential EUR/USD breakout directions and why a massive move may be upon us.
I've been closely observing the EUR/USD price action on both the daily and weekly charts, and it looks like a major move is imminent. Price is getting squeezed within that diamond pattern, and the best strategy right now is to stay flat and keep observing. Once I can identify the direction, I'll be on the lookout for divergence at key support and resistance...
In this video I go over the EUR/USD on the daily and weekly timeframe and where I think we may be headed next... Current short positions are: 1.09356 1.09062 1.08628 1.08625 1.07253 1.07045 1.07036 Looking to TP at 1.0580ish.
Pre-Market Analysis for Sunday March 3rd, 2024 I take a short term and long term view on the EUR/USD, GBP/USD and AUD/USD
Pre Market EUR/USD analysis for Sunday February 25th. After the EUR/USD run up last week, I'm looking to see if we find resistance around the trend-line area for a potential down move towards 1.06000. If buyers come in, I'd ideally like to see the EUR/USD trading back above the yearly pivot level (1.0900). Trade safe and manage risk.
We’re coming down to the last hour stretch for the trading day (depending on your location, I’m in New York so closing time is 5:00 P.M. (1700) As indicated in my previous idea for the EUR/USD, it has been a pretty slow decline for the past 10 days however; it is still wedged in, in terms of a still valid falling wedge pattern. If the daily candle closes with a...
In this video I go over Pre FOMC price action on the EUR/USD, GBP/USD and AUD/USD. Be mindful of Fed price action and also NFP on Friday. Trade safe and manage risk.
This is a quick daily analysis on what I'm currently looking at for the EUR/USD, GBP/USD and AUD/USD in the coming days/weeks. Hardly any follow-through or significant price action today but with EUR and USD economic data coming out later this week and next week, we should get some good market movement that gives us an indication on what the market intends to...
A few qualifications for this trade are... •Falling Wedge Pattern •“Hidden” Divergence on the MACD. If we start trading back above 1.0900 and the pivot zone, a target of 1.1150 (Median level) wouldn’t be unreasonable. I'm going to keep an eye on long positions and see if we can begin trading higher.
In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead) . Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but...
In terms of trading analysis, I am a strong advocate for taking a long-term approach and striving to gain the best possible insight into where the market may be heading in the coming quarters (and in some cases even further ahead) . Identifying the overall direction of the market is a critical factor not just in positioning oneself for high-percentage gains but...
I originally initiated a long position at 1.0854 on November 16th. After the huge bullish day on the EUR/USD on November 14th, I decided that the potential run to the next long term median level (1.1500) was on the table and although there was a threat of a pullback and I would have to endure some drawdown, the Bulls should uphold support around the median level...