Wikiwicks

Wikiwicks

Recent sell-off saw the price dropping to 17.6k again. However, i want to see this trendline to be broken before calling for a major correction. To me, this is a short term consolidation below ATH. If this daily candle will respect the current level, there's a high change we will see 19k again very soon.

Wikiwicks

#EURCAD (1H): As expected, the current region saw the price accumulating in a small range, right above the daily descending wedge top. A break and retest to the upside is what i'm looking for. A further confluence would be the previous H&S retest, which hasn't occurred yet.

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#EURUSD: (1D): Recently, we saw an explosive break to the upside, which followed the long period of sideways consolidation. As the main trend is bullish since May, i'm still looking for bullish opportunities only (confirmed by market structure and price > 200 EMA) (4H): A closer look reveals what triggered the explosive breakout, namely an ascending triangle,...

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#XAUUSD (1H): Gold was trading in a small range. This comes after a strong bullish engulfing close on the daily timeframe, which makes me believe that the bullish pressure is still in place.

Wikiwicks

Bitcoin is holding firmy below ATH forming a pennant. This is a further bullish confirmation for me, long term holding. Open space next.

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#XAUUSD (GOLD): (1D): Gold has seen very hard drops recently, reaching the point of bias switch to bearish. However, after the descending triangle break we could see a retest. So nothing is excluded. For these reasons, i'm looking for bearish opportunities only. (4H): Looking closer, structure is confirming the bias, with a clear series of Lower Highs and...

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#EURUSD (Trade active💡): (1D): The price of this pair is in a general uptrend, which is confirmed by the higher TF structure, as well as the 200 EMA below current price action. We finally saw a strong breakout to the upside, which we were expecting. This was also confirmed by the last swing high being surpassed, confirming the upwards structure. (4H): Closing...

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#EURCAD; (1D): Price action here has developed very slowly during last months. However, the 200 EMA was respected, confirming the overall uptrend. Indeed, the price is currently trying to break the massive falling wedge, closing the week with strong bullish momentum. (4H): If we look closer, we can see that recent consolidation formed a smaller flag. This...

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#USDJPY (4H): Last setup didn't make it to carry out because of news volatility. These news brought a lot of overall indecision. This is reflected in our chart, as we can't determine any clear overall direction (market structure formed a triangle). However, being my bias still bearish, i believe a break to the downside has a higher probability. If not, i'm not...

Wikiwicks

Recent consolidation ended up right below ATH level at 19.6k. Last price action is showing bulls still determined to break it soon. Overall series of HH and HL. Bull flag trying to break to the upside right now. Not much time left before ATH gets broken. After that, clear chart room for movement to the upside.

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#USDJPY: (1D): Overall, the price has been trading in a massive descending triangle, confirming the downtrend, as well as the price below the 200 EMA. Last vaccine news created a fakeout. Right now, we are seeing another break to the downside. (1H): Looking closer, we can see that the retest already occurred. We can also spot a head and shoulder, which is...

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#EURUSD: (1D): The big picture is showing a pausing uptrend, which is confirmed by the price holding above the 200 EMA. This mentioned pause is given by the complex correction in place, with a form of a wide range. Given these factors, as well as the fundamentals in the same direction, my bias is to the upside. In this case, we have to wait for a range...

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Last consolidation period led to a break of 17k as called in last chart. Right now we are seeing the price consolidating again. My bias is still bullish, and i believe there's a high probability that this is the last continuation pattern before BTC will reach all time high and hopefully break it. Still holding long term.

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Although my overall bias on EU is bullish, recent price action is showing that bears could potentially lead the way short term. Currently retesting the double bottom border.

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The path to 20k seems to continue. The price is currently finding strong support at 16k, confirmed by the bullish flag formation if looked on a lower timeframe. 17k next target.

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#XAUUSD (GOLD) (1H): Yesterday's technicals were respected, with price resuming its upwards structure. Currently, a small range has been created. My bias is still bullish, and a break and retest would be a good opportunity to ride the trend towards 1900

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#USDJPY (1H): The price failed to push above the daily descending triangle and now price action is showing a downtrend structure. This is also confirmed by the broken wedge. Anyway, a retest of previous swing low zone and a strong rejection to the downside is what we would need

Wikiwicks Updated 

#EURUSD (1H): Even though he had an head and shoulder forming on the a lower timeframe, the bigger picture is what i'm focusing on. This to me is showing that the current price action is actually a correction move, forming a falling wedge, which could be getting ready to explode to the upside, if current support holds. The reason of my bias is the last weekly ...