UPDATE: Head and shoulder patterns continue. BTC is following a 1hr trend (blue lines). Pay attention to the lower high BTC is about to create. The USD markets are on a holiday break, if the USD news is bullish for GoodFriday then BTC will continue to drop. ***Fed Powell is speaking as well. This could be the start of the biggest pullback in BTC History. I am...
Simple trading - Head and shoulders pattern I am looking for BTCUSD to continue falling as it respects the lower highs. Target 51200 **Update on new weekly support incoming
Simple trading: Fibb on impulse We look to sell gold for a correction. This isn't a trend reversal, just a pull back. Let's take advantage of a potential sell. Key support areas: 1. Daily support (grey line) 2. Fibb .382 3. Fibb .5 4. Fibb .618 SELL Confirmations: 1. No high higher 2. Weekly Res Confirmed 3. Triangle Break and retest
Just so we are clear... I do not trade crypto... but I can not help myself when I see a perfect setup. It's simple trading once again. we are in a bullish market so we are looking for buy opportunities. *NFP week! We all saw it, Negative USD News! BULLISH CONFIRMATIONS: 1. massive head and shoulders 2. Hammer above bearish trend high 3. Hammer above Daily...
Simple Trading: 1. Perfect inverted head and shoulders 2. Pull back to the .382 of impulse 3. break above Monthly resistance with a strong higher high above .382 4. Restest to breakout zone/monthly Resistance. Do not overthink it. We are in a bullish market with clean higher highs. Pay attention to previous high zones (yellow lines). The target is place for 200.000.
Pull back! SELL Now ! 80+ pips on GJ GBPJPY has made a clean red candle below the support. Now that GJ has retested support and rejected it with a nice red candle we can take sell entries. Watch as GJ is near the weekly resistance . This zone has also been confirmed, so we can see a rejection to test previous support areas tp 1: 4hr and daily support tp 2:...
Simple trading - Gold is holding for its life below the 2040 Level. Let's wait for more candles to close before committing to a buy. Gold is bearish on the higher time frames. Keep in mind the Daily triangle that has previously been broken and is now retesting. (see previous gold chart) BULLS: watch the lower blue trend line. If gold can keep rejecting the trend...
simple trading - Triangle Gold has made a retest back to the triangle. With a strong dollar let's see if gold can hold above 2040. Watch the bearish channel.
Simple trading - 2 NEW BULLISH PATTERNS The buy is active! The long wait may be over. I am looking to gain a 200+pip Long on GBPJPY. BULLISH CONFIRMATIONS 1. Daily Cup and Handle (see previous charts) 2. 1hr Heads and shoulder 3. Fibb 3.82 rejection 4. Triangle break out *I would usually wait for a solid break and retest. However with a simple setup like...
simple trading - follow the trend A very bullish market always needs a pullback. What a great Head and Shoulders pattern for a reversal to the downside. NAS100 has officially broken below all bullish trend lines on the Daily. NAS100 is looking to create more sell pressure. With NAS100 being at the top of its weekly trend, look for a correction. Massive sell if...
Simple trading - cup and handle We have been patient. Now we take advantage! GJ did not make it down to the .5 on the Fibb but instead rejected early at the .382. This is no problem as the cup and handle pattern is a bullish continuation pattern. We had decided to take advantage of the sell opportunity (you can see in the previous charts below) After very...
simple trading - follow the trend Gold is trading below the Bull trend line. Closer and closer it approaches the bear market zone. USD remains stronger than ever. BULLS : Don't panic yet. Gold could easily pull up to the previous zone. 2035-2050 Currently gold is trading back in the zone where it had lots of bullish momentum. *Will the Bulls have another...
Simple trading - cup and handle We have been patient. Now we take advantage! I think we can safely say GJ is making lower lows. Watch the break and retest of the recent zone low. This trade could break to the downside this week or next if more lows continue. Look for the bottom around 184.00. *Pay attention to Daily and Weekly timeframes
Update: Still following the 4hr head and shoulders. The market completed the right shoulder last week. EU has confirmed a SELL position by retesting the previous resistance level. and rejecting. If the price manages to remain bearish... continue to sell. I was patient enough to get a really solid entry on the 4th retest to the Bullish trend...
simple trading - follow the trend Gold is trading below the Bull trend line and back into the bear market zone. with a strong USD let's see if gold can remain bullish. The past 2 red flag news have brought gold lower and lower. BULLS: Don't panic yet. gold could easily put up to previous resistance. 2035-2050 BEARS: Wait for more bearish rejection and look...
simple trading - CONTINUE FROM LAST GJ has been in a bullish sideways market for some time now. we can see that the price has returned to the top on the bullish trend. BULL: Wait for the price to remain bullish. wait for a break and retest above the current high. Once the market has rejected the previous high with bullish momentum... Then and only then we can...
simple trading - double top the wait is over... hopefully. in this market, you can't ever be too sure. With that said take this trade with caution. we are looking to take advantage of a cup and handle that may be forming on the 4hr chart. BULLS: YES, we are in a bull trend. But patterns form, and when a cup is formed, a handle typically follows. I am certain...