madanhileeroy

madanhileeroy

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

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

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

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

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

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 

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...