Hey guys what's good! So here I have my technical analysis on the crypto currency SHIBA INU . As you can see on the 4H chart it is clearly forming a bullish pennant/flag. For those of you unfamiliar with this pattern, it essentially is in a period of consolidation which rises higher and higher and will eventually break and rally upwards. It is squeezing more and...
FX:AUDUSD AUDUSD is in a channel on the 1 HR Timeframe. I would not trade solely on this pattern HOWEVER the price is also nearing a zone/support and the Rsi/stochastic is below the 30 level just backing up the long bias. Enter only if we can get a 3rd confirmation such as a Candlestick pattern (engulfing/doji) SL is 15 pips TP is 80 1/5 Risk to Reward...
UJ is setting up nice, it has been in a clear downtrend for the past few days and is making lower lows. It violated a support (floor) and is now coming back up to retest that support as a resistance. Easy and Simple no need to complicate it. 2:1 Risk to Reward ratio use proper Risk Management boys. Quick 60 pips on H1. It is showing signs go selling pressure with...
NZDUSD is in a clear uptrend, we are currently waiting for a pullback in order to enter and go long to the level of structures seen above. I drew a trend line and if price pullback, that trend line is its most likely target to pull back to AND it is at an area of support as well. The more reasons we have for entry the better we just have to wait this out and I...
Gold was in an uptrend on the daily, made a bullish flagpattern and finally broke to the upside. We are reaching a MAJOR area of resistance that has been tested in the past many times. Sell your kidneys to deposit all your moneis boys YEEHAW. We can expect this to start reversing this upcoming week 6/9/2019- 6/17/19. There are already signs of rejection but be...
NZDUSD is about to drop its been in an uptrend,but has began to stall. We can see a descending triangle rallying lower and lower. I'm expecting price to break the triangle,retest, and drop faster than your moms trousers. Comment down below your thoughts, we are all here to learn XD. Comment your age too, I'm 18 and trading what about you?
GBPUSD has been in a consolidation period for weeks even months. On the weekly time frame above you can see how the market structure is flowing. Basically tug a war between buyers and sellers.Since we are in consolidation after a massive push downwards, we are expecting price to continue bearish. We finally got confirmation last week with its strong rally...
GJ just broke out of a bearish channel and has upwards potential. We shall wait for a pull back/retest and for further confirmation on 4HR to buy this bad boy. We shan't over trade or be inpatient ^_^ COMMENT DOWN BELOW YOUR THOUGHTS.
EurJpy has had a downwards push and is currently retracing. (Impulse Move then Correction) EJ finds itself at a previous support now becoming resistance. A strong area that has been tested as a support many times as you can see on my analysis. This is my bias for now, if price breaks through this previous support upwards, then we will wait for a candlestick...