This is my perspective about current bitcoin condition. We never know whether it's a bearish trap or it's the action to retest previous broken support as resistance. However, I'm still sticking to the plan and see my scenario of downside movement will be met.
Hello guys! This is my trade idea for EURUSD following two consecutive winning long trades achieving 4.36R on its recent bullish movement.
After the break of structure on the Higher time frame (4H) shown in the video, and the change of trend direction upwards, it's easy to enter after pullback hit the Fibonacci 50% by switching to LTF (in my case it's the 5m or...
US and European markets continue the grind higher as focus remains on coming earnings from big Tech in the US. Overall, major indexes are extended so I feel that it will not take much to prompt investors to unwind and take some profits. In saying that, the trend remains up in the near term so there is no reason to close positions at the moment. The USD has been...
Reworking my system to improve available profit and reduce screen time while also creating content publicly can consistently(Daily). 15 Assets on my watchlist at the moment. Might reduce later or increase.
Bitcoin been ranging in low 30K for a while and today we broke the bearish structure from 30.1.Could we finally see a new high ?
I still root for 32K before 28.8
Thanks for watching
Efforts from the PBoC to stabilise the Yuan have helped stifle the USDCNH bulls for now, but questions remain over whether this short-term shot in the arm for the Yuan will have longevity. With wider efforts to help improve FX inflows and business confidence, there is a feeling that we will continue to see the Chinese government and central bank intervene where...
The other day I shared a video of a bearish CTS trading opportunity using Fibonacci, Structure & the AB=CD pattern. In that opportunity I was looking for a double top to use as an entry & as of now it doesn't look like that's going to happen.
However, if you have the understanding & more importantly the skill of how to read a price chart, it can allow you to...
Gold has pushed up through trendline resistance today, following a period of consolidation that has dominated much of the past week. With price heading up towards the crucial $1983 resistance level, the bulls appear to be ready for another push. Scope's Chief Market Analyst Joshua Mahony highlights how the inverse correlation between gold and the dollar provides a...
