The last time BTC displayed a similar pattern was in May 2019, which was followed by a significant drop of around 60%. Currently, I am establishing a bearish position on BTC as the indicators are showing negative signs. The stochastics indicate a bearish hidden divergence, the RSI signals overbought conditions, and the charts show weakening momentum. Considering...
The EURO has shifted bullish. The average direction shift on the EURO H4 chart is 4 weeks. I therefore expect this market to be bullish for the next coming weeks. Happy trading!!!
I expect NZD to test the Demand area and eventually go up pass Daily Swing High
I am expecting a reversal pattern to print, some sort of the shift of the internal structure, a CHoCH or an IBOS will be enough change of direction confirmation. Once any of the two prints, I will then enter a sell order targeting the previous low or look out for a reversal to the upside near the demand area which was responsible pushing up the price.
IF the Market does not take out the Previous Low, then I am expecting a bullish trading opportunity to play out pretty much the way I have painted on the chart.
Dollar to gain strength against major currencies.... We have broken structure to the downside on H4 and the market is on course to break structure on the daily Time chart.. which will confirm the strength of the Dollar and the plumetting of major currencies against the Mighty Dollar
Could this be the Down Run leg that takes the previous low where the bullish swing started?
I think we will test the 15600 levels. If we break above the previous highs to new All Time Highs, then hallelujah, it will be good for business confidence and the global economy at large. However, there is a possibility that the market might make some sort of a reversal move to the downside from somewhere about the 15600 levels. Let us wait and see if above...
This could be one of those Nas explosive moves which on avarage will give you 300 points. You will be risking abount 20 point to make 250+ point Happy trading