Price had been consolidating for a couple of weeks, ranging between 1.36000 and 1.35100. We now see price break past the key level with momentum. Following the positive retest of the level, I'll be looking for continuation buys to continue this trend to the upside.
We have seen this pair switch from a downtrend to an uptrend with higher highs and higher lows visibly coming into play. Momentum has aided price to break above the key level at 0.91200. Now, we could see more upside here as new highs and lows can now be formed. I'll be positioning longs on the lower time frames with momentum.
Coming at the back of the upside momentum last week, we have seen this pair present a trend reversal pattern; the double top. Price has broken below the neckline, retested it and continued to the downside. I'll be looking for intraday entries with momentum to join the sells back to the key level at 1.03400
As we know, bitcoin continues to plummet to the downside. Did you not see it coming? What happens next? Where should we buy the dip? These things have been discussed in this video. Please watch.
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This example applies if you've got a $100k account and you risk 1% per trade. Well, you couldn't have taken all the trades. You may not be there at the time they all setup. The Risk to reward ratio may have slightly been different. But I hope you picked a thing or two from the video. Structure is king. So brace up, respect structure and follow the trend!
Great way to finish the Month. Trust the process baby!
Great week at the end. Controlled risk, and finally, a banger to end the week. Solid one here. Drop a like, leave a comment, subscribe, and let's go!
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Recapping a losing streak week and still very boring.. Enjoying the contents? Subscribe to our Youtube channel, follow us on Trading view.
This precious metal has made efforts to correct and recover from its blood bath from the NFP. Since then, we have seen collective buyers against sellers push price higher, creating higher highs and higher lows. After the last bull flag, we saw a nice impulse to the upside with price coming back to a key area and showing wick rejections on the level. We're...
As clearly depicted on the whiteboard charts, we see this pair in a downtrend. Massive downside legs are thrown to the downside with series of support levels broken along the way. We've got a recent level that has been broken and now we have price coming back to it. More than likely, we could see some downside continuations from here on in.. We're waiting for...
Last week, we saw a correction and recovery from the NFP bloodbath. We took some buys into the key region around 1797. Now we see some rejection, and what looks like a structure shift. As we have broken the last higher low at 1780, we could see continuous downsides to this one. Stops go above the previous level, with targets below.
Just as our last analysis stated, we saw the sharp drop on this pair on Friday last week. Coming into this week, price traded into a daily level of support and started showing some rejections. And so with the impact of the current USD news, the dollar became strong. Now, we see bullish momentum stepping in to push price. As we have broken out of the recent...
With the continuous lower highs and lower lows forming, we should expect sells to continue on this pair. We're keen as to what price will continue to do at this level. We already see rejections at the level, and we're looking to pick up entries on the lower timeframes. We're moving with the trend. It's the best we can do.
With the loss in dollar strength on Friday, we had in mind sell-side continuations on this pair. But with this break and close below the level, we have just confirmed it. We expect continuous downward movements as price continues to move to the downside. Stops go above the current level, with targets below.
With the recent corrections on this pair, we have this pair showing bullish continuation patterns. First off a bullish pennant, now a bullish flag. With the bullish close on Friday, we could see some more upside on this pair. Of course, we need price to break above its current level. to pick buys confidently. We're watching long-term targets at 1.40000. Get...
After the bullish push from this pair since yesterday, we finally have the break of this current hourly level. Now, we see price correcting above it. We expect a bullish continuation once this correction is over. Targets would be the previous level at 1.60300. We'll be waiting for a clear continuation confirmation on the lower time frames to join the trend to target.