madanhileeroy

madanhileeroy Sep 30, 2024

Good day traders. here is a setup of USDJPY, price rejected the support indicated by the blue zone the buy is supported by principles of pair correlation and technical analysis and we have what looks like a strong 61.8% rejection of the Fibo. Find entries that accommodate your account and be careful of news events.

madanhileeroy Sep 30, 2024

Good day traders, i hope you have all been well. Lets get into it. So as you saw with my previous upload i basically said that the Bears are getting ready to take over, meaning Sell XXXUSD. That being said because of reasons such as pair correlation and technical analysis as shown in the image above price is currently at a strong Support level indicated by the...

madanhileeroy Sep 27, 2024

Good day traders, i hope you have all been well, lets get into it. As you can see on the chart above we have been following NZDUSD for the past months and we saw that price formed a Double Bottom on the H4 timeframe. Price then rejected our Double Bottom Neckline and was very bullish for days heading the resistance we have reached right now and i believe price...

madanhileeroy Sep 9, 2024

Good day traders, i hope you have been having a fruitful day. Lets get into it. This is an update on the NZDUSD setup that i uploaded a few days ago on the possible formation of a Double Bottom, and we clearly see that price has been respecting the setup. Price broke the Neckline of our Double Bottom , came back to retest the old Resistance(Neckline) as new...

madanhileeroy Sep 4, 2024

Good day traders , i hope you have all been well. Lets get into it. This is an update to the BTCUSD setup i uploaded previously, As you can see on the chart above ,price just strongly rejected a very strong Support (48921.01-50709.12) and price continued to push upward and that gives us every reason to say it's safe to buy at all strong supports and that is why i...

madanhileeroy Sep 3, 2024

Good day traders, i hope you have all been well. Lets get into it. This is a follow up on the NZDUSD formation i uploaded last time, the Double Bottom. We can all agree that the setup played out well, price reached the Resistance(0.62691-0.62970) and i believe price will or is heading back down to retest the neckline of the double bottom before it continues upward...

madanhileeroy Sep 1, 2024

hello Traders, hope you are well. Lets get into it, in the chart above we can all see a great resemblance between BTCUSD and BTCGBP and because of them having a positive correlation it would be best to buy BTCGBP too if you are planning on buying BTCUSD. Lets break down BTCGBP real quick, we had a very strong rejection @ SUPPORT(38552.57) and price pushed up and...

madanhileeroy Sep 1, 2024

Good day traders, i hope you all have been well. Lets get into it, so on BTCUSD we clearly see that price has been really kind of messy but there is a bigger picture here and we'll break it down one day at a time. Firstly we saw that price has been quite bullish on the H4 before we had this mess we can assume to be a correction and because of that, with regards to...

madanhileeroy Aug 29, 2024

Good day Traders, i hope you are all having a great trading week. Lets get into it, so we can all agree that Gold has been ranging, consolidating, whatever you want to call it. This range is all just a Buy retracement according to what i am seeing. In the picture above we can can all see Resistance(2526.40-2531.56) is our 0% on our fib and we can see our level...

madanhileeroy Aug 28, 2024

Good day traders, i know it has been a while since i published any ideas but i am back now. Lets get into it, so on the idea above we clearly see that NZDUSD has been strongly bullish for the past few weeks and it formed what we can agree to be a Double Bottom formation on Support level(0.58945-0.58575) and i believe price is heading for...

madanhileeroy Nov 28, 2023

Good day traders, I hope you are all well. There have been some modifications to the previous AUDUSD setup that I recently uploaded so lets get into. As you can see on the picture I uploaded above we can clearly see a "pending inverse head and shoulder formation", head and shoulder is one pattern I really understand so that is why I will mostly be referencing to...

madanhileeroy Nov 21, 2023

Good morning everyone, I hope you are all well. I have broken down AUDUSD from the weekly or monthly that I recently uploaded down to the H1 timeframe with hopes of a better understanding as to how price will go about from the support on the weekly to the high of the left shoulder of our "head and shoulder" structure on the weekly. As we can clearly see on the...

madanhileeroy Updated  Nov 21, 2023

Good day everyone, i hope you are all well. As per the structure of AUDUSD that i have shared above, we can clearly see that price has reached a very strong level of SUPPORT and we clearly see what happened the last few times prices was on this support and based on that we can expect price to reject the support again and go bullish. To breakdown the setup further...