In this video, I want to take time to show you how Ripple is setting up for a possible long opportunity using Ichimoku. The Tenkan has held serve ever since price crossed above this level and now with price also finding support at the Kumo, we might have an opportunity for a long trade developing. Now keep in mind that when I give a setup, this is on the daily...
If you are trading cryptos, you know that a lot of cryptocurrencies are bearish but Monero vs USD could be one that turns the tide. The crypto is currently trading at the support level of a Descending Triangle Pattern at 167.750 and also showing a bullish divergence on the On Balance Volume. The current price action shows indecision at the level with a doji the...
GBP/ In this quick take video I want to take a moment to show you a C-Clamp trade opportunity with the GBP vs USD.
PM In this my first tradingview video idea, I would like to offer my analysis of a possible long trade as price has hit the 52 week low and shows a bullish divergence. Let me know if you like my idea or if you like the video and I will continue to due these short takes.
In this opportunity we are looking at the Santiment vs USD as price has been in a nice rally basically since November 16, 2017. Price is now in a correction and has pulled back to the Tenkan level. There have been many discussions about traders changing the settings due to various reasons when trading cryptocurrencies, but I am using the default settings for the...
I am suggesting a trading opportunity for the GBP vs USD. Today we had major news with the USD which affected the price. Price had been sitting inside of a range or a bullish channel before the news this morning. The news event took the price outside of the range channel which is located at 1.56897 top of range and 1.54905 at the bottom of the range. We had a very...
Looking at the GBP vs USD on the H4 time frame we see immediately that price is above the Kumo Cloud therefore our bias is bullish. With that in mind we are looking for the market to continue the move higher. The W%R is showing strong momentum to the upside above the -20 level. Price has broken a bullish fractal resistance level at 1.54373 and has now retraced...
Looking at the EUR vs USD on the H4 we see price pulled back to Tenkan after a false Kumo Breakout. Price was out of equilibrium as it went too far away from Kijun. Price has since pulled back to Tenkan and has formed a H4 hammer showing Tenkan support. Once price violates the Kumo I am looking for price to continue higher based off of the structure of the market...
Looking at the AUD vs USD on the H4 we have a KBO to the downside. I am using the Ichimoku Sub as taught in the video but we still have all bearish signals as we have a bearish TK Sub Crossover. Our future is dark, Chikou is below the price action of 26 periods ago and mainly price is below the Kumo. I am placing my SL at .79460 two pips above the high of the...
The EUR vs USD is hitting a ceiling known as a resistance zone between 1.14512 & 1.15400 We might see price penetrate this zone but I think we will see a correction here. Our current daily candle is known as a Hanging Man which represents possible reversal of an uptrend and better yet it is at the resistance zone. The Hanging Man is telling us that there was...
The AUD vs USD has currently formed a rejection candle at the resistance level of .80666 (not my favorite number) but anyway! This is the second hit at this level as resistance and third overall. Usually when price is going to violate a level we see a big strong candle much like the bullish candle that violated the level but the momentum did not follow through as...
EUR vs AUD is sitting on the support zone from a previous range at 1.40195 & 1.39726. Price has pierced through this zone but is showing some bullish strength as price has pushed higher above the zone. We are seeing some buying pressure as there is a rejection at this level but remember this is a daily candle and we have about 4 hours till closing. With that said...
EUR vs JPY is at the top of the H4 range which started 10 days ago, Price is at the bottom of the resistance zone between 135.520 & 136. I am looking for this zone to hold at this time as I always expect support and resistance to do what it has done previously unless price shows otherwise. Still a little early to tell exactly where to enter this market but we...
Looking at the NZD vs JPY we can see price has pulled back to the previous month low at 88.746 which is now resistance for the pair. Once it hit the previous month low you see the rejection from the previous candle. I placed my entry below the previous Pin Bar with a SL above the rejection level at the previous month low. Our daily chart shows a massive violation...
Looking at the EUR vs USD H4 chart we see price finding support at the Kijun level at 1.12270 slightly below the fractal support at 1.12556. We will look to take a long trade as price bounces on these levels. With price being above the Kumo and all signs bullish on the H4 this compliments the smaller time frame long position. We look for our entry at 1.13069 and...
Looking at the daily USD vs CAD chart we can see price has found some support at the psychological level at 1.20000. Price has honored that level twice and is currently moving higher to the fractal resistance level at 1.21744 which is also in align with the previous week high at 1.22047. Look for price to find resistance at these levels and possibly continue the...
Looking at the Cable on the H4 time frame we see price trending to the upside. The daily time frame Friday candle close was a bullish Kumo breakout with a strong bull candle breaking above the Kumo. The daily breakout was invalid as our Kumo future was still dark which represents a bearish bias still in affect. The daily breakout aligns both the daily and the H4...
USD vs CHF is pushing off the previous low of .87021 and has been bullish the past five days after the ECB’s press conference. The pair is approaching a resistance level at .89196 and also sitting on the 100 MA. You can see divergence with price and the ultimate oscillator as price pushed off of the low indicating decreased momentum. Is the momentum now to the...