Charles-OW

Charles-OW

A break and retest trade.

Charles-OW

A trade I jumped into. Use the 50 moving average as your entry point if you’re going in.

Charles-OW

As we can see, this pair has been climbing for awhile now. By the looks of it, it’s climbing to the next resistance which is in the 1.24500 area. My first confirmation was a break of the 50% fib retracement on the monthly timeframe. My second confirmation was a break of my trend line on the 4H timeframe.

Charles-OW

A trade I jumped in.

Charles-OW

A trade I’ve been waiting for since last week. If it doesn’t do well, then for analysis was a bunch of bollocks😂

Charles-OW

Something I’m looking to get into.

Charles-OW

As I can see, we have a double top, which usually results with a fall. And we can also see that this pattern looks like the letter M which also results with the price falling back down to complete the M.

Charles-OW

If you put a fibonacci from the last high to the last low on the daily time frame, you’ll see that the price has been bouncing between the 50 & 23.6 level. This time round, it has failed to touch the 23.6 level after coming down from the 50 level. It has retraced to the 38.2 level which has been my entry point. With a TP back back to the 23.6 level.

Charles-OW

By the looks of it, this pair has been making lower highs since January 2018 on the weekly timeframe. At the moment, it’s somewhat following the trend line. With what’s going with the UK (brexit deal) and their new strain of COVID, I doubt the Sterling is going to gain an strength anytime soon. On the daily timeframe frame, I can see the price is pulling back to...

Charles-OW

Head and shoulder pattern.

Charles-OW

A trade I’m waiting for.

Charles-OW

This pair looks like it’s on its way to a head & shoulder pattern.

Charles-OW

I saw a head and shoulders pattern so I went in for a buy.

Charles-OW

It looks like this pair is in the process of shaping a head & shoulder pattern.

Charles-OW

A trade I’m waiting for.

Charles-OW

This pair is slowly climbing my trend line, I believe after it touches it one more time, it’s going to shot up if it doesn’t break the trend.

Charles-OW

As we can see, this pair is about to break this pattern. Don’t miss out the breakout for some easy profit. There's a possibility of a breakout to the downside to touch the trend line before we see a push to the upside.

Charles-OW

With progress on the coronavirus vaccine coming along nicely, I reckon Bitcoin will fall because of investors taking money out to reinvest in long term or even growth stock.