MidasEdge

MidasEdge Updated 

Last week weekly candle closed as a bullish pinbar, signalling buying pressure. It has tried to break upwards twice this week already and I believe the third time would be the charm before we end the week with NFP. However, the road up would be tough with all the FVGs hence TP1 and 2 is relatively close to each other. Please do not risk more than 1% per...

MidasEdge Updated 

WTI has been falling for the entire week now. A hammer has formed on the hourly candle just right above a support. We expect pullbacks. TPs are as followed and SL is located at the support below. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below! I would love to hear your thoughts!

MidasEdge

SOLUSD has just broken the H&S formation. We can expect a pullback towards the neckline for a retest and use that opportunity to enter a short. TP would be as indicated. SL will be above the down trendline in case of any SL hunting. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below! I...

MidasEdge

Dogecoin has been consolidating within the downtrend channel for the past week and we just observed it breaking the support earlier. We may look to reenter shorts during the pullback so we can enter and target to the next support. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below! I...

MidasEdge

EURUSD has been consolidating after a huge rally, forming a bullish pennant in the larger timeframes. Depending on which side the price breaks out from, enter accordingly. Break upwards? Buy. Break downwards? Sell. TPs are as specified. Watchout for fake breakouts. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and...

MidasEdge Updated 

XRP has broken out of the uptrend. TP1 has been hit. Still holding onto shorts for TP2 and TP3. We may bounce off from TP2 for a pullback after it establishes support there. That might be another good entry after it pullbacks for TP3. Please do not risk more than 1% per trade。 If you like the idea, please help like the post and comment down your thoughts below!...

MidasEdge Updated 

BTCUSD has been consolidating for the entire week within this ascending triangle, showing bullish pressure. However, I believe that this is just a trap considering current economical events. People are still flocking to gold as a safe haven as cryptocurrency has yet to establish itself amongst the older audiences. Hence, we may see the ascending triangle fail. The...

MidasEdge Updated 

ETHUSD is forming a H&S pattern on the H1 chart. The right shoulder has yet to finish forming so our TP1 will be on the neckline. TP2 will be if it breaks out from the trendline and TP3 will be the completion of the H&S pattern. Pattern will be invalidated if it breaks past the shoulder line. Please do not risk more than 1% per trade。 If you like the idea,...

MidasEdge Updated 

Given that Russia has caused for a ceasefire for the next 3 days, we may see some fluctuations happening for the safe haven currency, JPY. However, because it's only for the next 3 days and not for an extended period of time, people might be hesitant to pullout from the japanese yen. Thus, as the war continues, I believe JPY would continue to strengthen and cause...

MidasEdge Updated 

XAUUSD has been consolidating in a descending triangle over the past week, showing bearish pressure after the meltdown from 3500. However, the lower timeframe RSI is oversold, hence indicating that there might be a potential retracement from the current levels. We would buy here for a potential pullback. Setup will be invalidated if we break the bottom...