The dollar has been very strong versus the Yen lately. Price has reached yet another high and i believe its like to retrace bearish. The sellers have stepped in a provided some indecision and buy exhaustion. The blue 8 exponential moving average crossed to the dowside below the 21 simple moving average and price began a minor downtrend. This usually occurs before...
After a few indecision candles at the high, followed buy a volume push up to a major resistance, I became alert that a bearish setup might present. Friday closed off with a variation of a bearish engulfing. When price closes beyond a price then closes right back beneath it its a sign that this price is being rejected. Naked analysis tells us that the 1hour chat...
After BTC Hit 30.2 it found the support and bounced back to 31K and its trying to hold it.We could see a Violent wick to high 31K ( around 31.8) or 32K.
Also a possible relong could be around ~30600
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Bitcoin Hit Our Target 31K ( dotted blue line) and formed the regular bearish divergence as we expected.The first signal that the pump *might* be done.
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Today we're looking at at structure-based countertrend setup on the EURJPY. What we're preparing for is the potential for both a head & shoulders top pattern and/or a potential bullish gartley pattern.
Let me know what you think of the idea & as always if you have any questions, comments, or just want to share your views, feel free to do so below & I'll make sure...
Bitcoin showed the first sign of weakness after hitting 30839 with a wick on 4H candle.two possible moves which both end downwards.
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Today we're taking a look at yet another breakout/trend continuation opportunity. As always we'll discuss why I like the level & where I think we'll ultimately head to.
But I also wanted to show you how using alerts can help cut down the amount of time you have to spend on a chart & really allow you to streamline your trading day without it taking up too much...
UJ is still in its major uptrend as price continues to create strong higher highs and indecision lower lows. I took a buy based on the 30min structure. My target is the next daily resistance level. I believe that buying at a higher low off of a retest is a valid opportunity. Especially after a volume bullish engulfing candle.
In today's video we're looking at a structure-bases CTS trade. CTS stands for Combined Technical Score & it was a method taught to me by my trading mentors as a way to stay consistent with what we're looking at & with what we value in the market by creating a list of technical factors & assigning them a point score.
I'll also show you how I go about identifying...
