The market is at a key resistance level right now. (4H timeframe)
Dropping down to lower timeframes (1H-15M) we can see continuation pattern (Wedge) forming after the previous bullish run.
Not just that, if you look closely, we just formed an Inverted Head & Shoulders pattern right at the top of the wedge.
Therefore adding another confirmation for a possible...
Take a look at this potential long on Bitcoin.
Market consolidated after breaking a minor trendline in an uptrend.
Market seems to be wanting to push for the last rally.
Let me know what you think!
#EURUSDANALYSIS
Hey Traders!
We rejected the Weekly / Monthly Trend line on this pair and looks like we’re heading down.
Bullish invalidation level would be a close below 1.17200. As you know not just we rejected the Weekly / Monthly trend line, we also formed a bearish engulfing on the Daily.
But our bias will still remain long until it closes below...
Hey Traders!
As we have predicted last week, this pair would go down and reach 1.23300 level, the market went even further than what we have predicted, broke and closes below.
The market then uses the previously broken structure SUPPORT as RESISTANCE.
We didn’t quite get an entry there, but if we could get a small retest back into the Resistance zone, we could...
Hello everyone!
This is my analysis on this pair. As you can see we had a very huge impulsive move to the upside, we then found Resistance on a Daily Level. After rejecting we then created a pattern that I'm sure you are familiar with, the Falling Wedge. This is a Bullish Pattern. We have also reached a very important level on the trend line, so we are expecting...
We have said before that we have a short bias on this pair.
The market then pushes up and found resistance on the Head & Shoulders neckline and start consolidating. We knew there was going to be a breakout, but considering our bias is short, we then placed an entry on the resistance, and the market breaks out to the downside.
As of now we still have a SHORT...
Seems a little late to enter but it's all your choice guys, this is a very great SHORTING opportunity if we get a small retest on the Resistance, if we don't however, my suggestion is to wait until the market reaches the Support Level and go LONG if we get a good entry reason.
However, take note that we could see a possible breakout to either side. Place stops...
This pair have given us signs to SHORT it.
1. We created a Bearish Gartley Pattern
2. We broke and close previous Support Level
3. We broke and retested the trend line
4. We have created a downtrend
5. We are rejecting the 0.382 Retracement
We are expecting the market to at least test the 0.50 Retracement, before continuing it's move to the downside. If we do...
We could see that this pair is on consolidation as of now, I am expecting this pair to test the resistance level above, but we could see a potential breakout to the upside too.
However, we have a good opportunity once the market reached the level of resistance above, as we have created a downtrend after breaking the previous trend line. If the market does give...
We broke the previous trendline signaling the end of an uptrend. The market then pulled back, and continue it’s move to the downside signaling a downtrend.
We have also broken Daily Level of Support. Therefore, we have SHORT bias.
As of now we are waiting for the market to reach and rejects the 0.5-0.618 retracement. However if the candle breaks and closes...
As you can see we broke previous Support after forming a Head & Shoulders pattern.
The market then retest that zone before continuing it's movement to the downside. We then break the Daily Support, but it wasn't a significant move, but still, we are in a downtrend as of now. But here's the catch, we created a double bottom, we made a Lower Low, Lower High, then a...
As the market closes above our resistance zone a few days ago, I predicted the market would go continue it’s downward direction before possibly bounce back down.
The market then gives a bearish signal, so I pointed out a level that has been tested multiple times as strong support and resistance.
The market went a bit more than expected but then it bounces up...
I predicted a few days ago that if the market breaks and closes above the zone of resistance between 1.10636 and 1.10487, there’s a high chances that it will go up to another zone of resistance between 1.11172 and 1.11032.
Right now the market is pushing up to that zone, which I labelled as a grey zone. Inside the grey zone will be a place for possible shorting...
This is my analysis on the possible movements on the USDCAD pair.
As of now the market’s still testing the zone of support between 1.37560 and 1.37288.
If the market closes above the support zone, there’s a high chance of the market bouncing up to the zone of resistance between 1.38894 and 1.38657.
If the market breaks and closes below the zone of structure...
