Hello, As marked up btcusd is currently in a triangle we do NOT know what exactly will happen until we see a break and retest of either the descending trend line or ascending trend line. Please leave your thoughts below! Thanks
I see us rising up to the 2877.1 area to fill the wicks as well as form a double top on that area * Remember it is also a weekly resistance with a lot of prior rejection and a strong sell off * We are currently sitting on the 0.618 fib level on the daily chart but ALREADY broken past and closed above the 0.618 fib level on the 4 hour which is why i'm expecting a...
I see gold continuing the bullish rally as we are overall in a very strong bullish momentum on the 4 hour chart, We also see that gold continues to break through resistance areas with ease. We COULD possibly see some consolidation prior to the bullish continuation just to collect orders and manipulate any potential sellers. The reason i say manipulate sellers is...
Hello, I see GJ dropping to around the 133.823 area before a continued bullish rally. Why do i see this? The reason i see us dropping before another rally is because as you can see sellers are beginning to gain strength in this consolidation zone, We are also sitting at a resistance area we have been seeing a lot of indecision candles recently which is why i see...
Hello, I ave had a look over US30 this morning and i see we have risen rapidly up to the Daily Resistance zone marked on the chart, We are also not far away from the 0.618 fib level * which is at the TOP of the Daily Resistance zone as shown on the chart * If you look at the overall trend we are BEARISH & the one thing you DON'T want to do as a trader is go...
I believe we will break out of these 2 zones reason being is because we have touched and bounced off the daily support and as you can see the bulls come in EXTREMELY strong at this exact area. After the rally i'm not 100% sure whether we will drop or continue up as we will be sitting on a strong weekly resistance level. Please take a look at my analysis and let me...
EURGBP will most likely be going long next week as we are sitting on the 0.618 fib level as well as a strong daily support zone. We need to take into consideration that we are also in a VERY strong bears market right now so we COULD possibly drop to the daily support marked on the chart @ around 0.86420 area before the rally.
GBPJPY is currently sitting in between 2 zones * we are consolidating * we will need to wait until next week to see how we move and if the bulls will continue to take over like we have been doing since March 19th. I personally believe this is just a pullback and bulls will be back at the start of next week and we could expect a break of the top zone straight up to...
Check My Analysis On My Gold Buy Thoughts & Let Me Know What You Think
I see Gold potentially rising to 1603.800 area as that will be a 50% fib retracement as well as a ABCD formation beginning we will then see how it reacts at that area and if we see a rejection/multiple exhaustion candles on the descending trend line we can expect a sell off to around 1531.243 area. This is just my personal opinion please let me know what you all...
Please let me know your thoughts on this. GBPCAD is currently forming a bullish wedge heading up to weekly resistance could we continue the rally and break past weekly zone or will we get rejected and see a sell off for GBP? All thoughts please drop them in the comments as it's an opportunity for us to all learn from each others views and see what everyone sees...
What's Up Everyone, I hope you bare all killing it this week! Remember NFP is approaching this Friday as many of you know it can change the WHOLE direction of the markets. As of right now though my outlook on this pair is bullish as we are failing to break past the daily support zone. We also formed a bullish spinning top on the Daily support zone which to me is...
CADJPY Potential rally Double Bottom Formed On 1 Hour TF Strong Buyer On 4 Hour/Daily Support Zone Too
Please let me know your thoughts on this pair below! Thanks
This pair is going to be neutral for a little longer as we are holding in a supply zone this pair i believe will move down prior to making the leap higher 1 thing all pairs have in common the institutions will ALWAYS try to trick as many traders possible. This is why you NEED to trade & THINK like the BIG BOYS * THE MONEY MAKERS * the institutions as they will...