Crude oil on the 4 hour chart is predicted to move on the 4th leg of shark pattern so our take profit is set @ 52.00. TVC:USOIL
We are planning to buy on the low green support zone, with stop @ 124.00 and take profit on upper red area. OANDA:EURJPY
The pair has reached a strong support on the 4 hr chart (green area), we are predicting it to move on the 4th leg of a bat pattern. A condition for the strategy is that it should break the yellow trend line in this case the take profit is set @ 1.6735. OANDA:EURNZD
The pair has formed a bat pattern on the 1 hour chart which prompted us to sell with with stop @ 1.0025. OANDA:USDCHF
Crude Oil broke the 1 hr trend line so we are planning to sell it in the red area with take profit on the blue dotted zones @ 52.15 and 52.53. TVC:USOIL
The pair moved as predicted and broke the 1 hr trend line, we closed one of our positions in the PlutusX MAM with profit and planning to buy it again. OANDA:GBPCAD
GOLD on the one hour chart broke the red trend line and retouched it, we are expecting XAU to fall to at least 1307.
CHFJPY on 4 hour chart, we put a limit buy order @ 109.65 with stop 108.90. FX:CHFJPY
CADJPY Daily chart showing major support at 109 and if it continues to stay above we should see hit the the next resistance zones @ 109.966, 112.387 and 114.263. FX:CHFJPY
GBPCAD on the 15 min chart we see it already broke the first trend line and it is in fourth leg of the possible shark pattern with our take profit set @ 1.7225. FX:GBPCAD
Hi PlutusX Family, EURUSD is in an interesting area for price action. There are several potential setups and all around a 33% probability. We must watch for breakouts and retests before building a case for either scenario. FACTS 1. 1.15266 is a daily pivot point, a previous support, and 23% fib on the previous leg. 2. 1.17687 is an 88% fib zone + a...
Hi PlutusX Family, Here we have the GBPUSD price action breaking through a descending resistance trend line. As a result, we experienced a bullish move. Now price action is nearing resistance at the 1.31825 level. My argument for sidewards action and significance is as follows: 1. The level was previous daily pivot point (close/open) 2. The level is a...
KRAKEN:BTCUSD 0.47% Thick White Line is a higher probability. Currently, BTC is testing a major Resistance zone. The potential reversal will bring us to immediate support zone. If the Resistance breaks then we can hot the significant resistance zone around $6,900.00 - $6,700.00. Look at 4H - 2H retests to confirm breakouts or reversals.
Since our last post, BTC failed to hold above the $7,800 zone and closed below the resistance line, placing price action back in the wedge pattern discussed previously. Now price is continuing to fall without any noticeable candlestick pattern signs for possible reversals. However, using the previous leg as our base we can draw a fib from swing high to swing low...
On the HTF we see BTC/USD create significant support zones at the $6,100.00 level. Price respected this support line several times as the lower highs using the $6,100 as a base creates a triangle pattern. We have already experienced a breakout which got us to the $8,400 levels with a retest and bounced back, using that former resistance trendline as support....
On a daily timeframe there is significance around the 9480.00 USD level. The daily candle has closed above that zone and candle stick patterns are suggesting a bullish move will follow. Diving into a 4 hr timeframe structurual significance is forming above the same 9480.00 USD level.