Got a small scalp to the 0.38 line. It could turn bullish for a day or two if it reaches this mark and passes it. It's possible for a profit around the $6 mark
Looking at CENN we could have a possibility of a nice profit as it climbs back to $8. It is making a nice turn around here on the weekly chart. However due to being below span A and showing a decline this can be an extremely likely maneuver. Rewarding if there is succes punishing if failed.
Here is a clear short that is starting to form off of a weekly chart. This is confirmed in the daily as well as seen in this picture. The areas circled here are the key aspects I am observing for the intro to this short
Here is a nice bearish trend forming in the one hour chart only to be confirmed by the 8 hour and day charts. I don't think I need to say a lot as the analysis says most of what I need to say.
Gu shows a short. It's tapped the 0.5 and .382 line area and now turning bearish. MACd also is confirming by turning down and still below the bars the green bars are starting to weaken as well. Also can be confirmed in the candles.
As stated the other day, it looks as if the short is starting. It has hit the gold zone and 4 hour is showing a change in direction confirmation is seen in 30 minute chart while 1 hour is either short or long. If planning to hold for at least 4 hours a short should be a safe bet
After seeing a glance at my explanation of the Ichimoku Strategy and using AUDUSD in there, I noticed a perfect short setup and a possible reversal. I will allow the drawn up picture do most of the talking Right now we can see a reversal on the four hour chart and the currency pair is climbing back up to satisfy the Fib chart Retracement. This also coincides with...
I have been asked how to use the Ichimoku Strategy so here is a quick breakdown on how the cloud works. Included is a picture Displaying the different aspects of what o look for and the terminology used. I am also including a few links to two youtube videos and websites/articles I have used to better understand this strategy. I have only been using this strategy...
So it has finally decided to turn bearish on Nov 4, 2021. As of now, Ichimoku and MACD are showing this trend. MACD shows a nice down trend that looks to continue for another day or so while Ichimoku has just now fully initiated the confirmation on the 4 hour chart. We could get a nice pull back down to 112.000 if anyone is still wanting to ride it out. I pick...
Again, I am by far, no professional trader. This is a personal analysis of what I'm projecting. Do not make trades solely based off this projection. Do your own research. Feel free to comment your findings FOREXCOM:USDJPY snapshot So analyzing USDJPY on the month chart. I can see a nice pattern forming. back in 2011/2013 it came to a nice low of $75-80 creating...
Please be advised, this is only my analysis of GBP/JPY. I am no professional trader and in fact, new to this. I am learning how to trade forex right now so don't make decisions solely off my charts but please do your own work. Feel free to use what I draw up as a baseline. As seen, we have a nice uptrend since October 1, 2021 on GBP/JPY this is outlined by the...
Please be advised, this is only my analysis of EUR/USD I am no professional trader and in fact, new to this. I am learning how to trade forex right now so don't make decisions solely off my charts but please do your own work. Feel free to use what I draw up as a baseline. Here I can see EUR/USD has peaked around $1.24000 before heading into a bearish run. as...
So as of now, yesterday's analysis was faulty. USD/JPY traded on a weak USD while the Yen was strong. This caused it to continue a bearish trend. Upon examining, further, I'm speculating that this trend shall continue on through tonight and possibly tomorrow. As can be seen in the daily chart. it has tested the top of the chart a few times now. Sightings on April...
Buy back in long or wait and see the what it decides. about to break out of the yellow up trending line since March 2021. RSI showing it is over bought yet MACD and analysis are saying its a buy as well as the trading view currency information While Currency heatwave shows weakening in both currencies. due to high RSI almost 80 to above it may be worth watching...