Another Bullish Pennant on BTC. After breaking above the red trendline as marked on the chart, BTC now looking to test the bottom of the triangle before heading back up to 65k -- or it could break below the pennant and that can happen too. Happy Trading folks! Cheers!
Crude Oil capped at the top of the parallel channel and strong resistance level @ 63.25. Happy Trading folks! Cheers!
A close above the trendline signals a break and a start of a new trend for this USDJPY pair. This pair, more often than not, likes to retest the trendline and sometimes breaking to a new low/high before starting a new trend. One more hour before the candle closes so... we'll just have to watch. Happy Trading folks! Cheers!
A Bull flag forming on this pair that could possibly be a final push up to 1.1950 before heading lower. Happy Trading folks! Cheers!
Perhaps you've seen it before.. a shaven top candlestick or maybe a shaven bottom candlestick, so what does it mean? Well, it's a GAP basically and 9 out of 10 times it gets filled eventually. A Shaven-Top candle is a candle with the SAME OPEN and HIGH price level. A Shaven-Bottom candle is a candle with the SAME OPEN and LOW price level. For this pair, on the...
This could be the move we all been waiting for... lower!
Here's another look at BTC as it breaks out of the bullish channel. Trade with the trend until it... bends? :) Happy Trading folks! Cheers!
A break below the trendline could send Crude to the next major support level on the chart. Happy Trading! Cheers :)
looking for a candle close above the trendline for a long trade. Happy Trading! Cheers!
If you haven't read my other analysis on Shaven Top & Bottom Candlestick on the GBPUSD check it out.. if you did read it, here's what the Shaven Bottom looks like 🤷♂️
Bullish Pennant... I mean, what else is there to say? Also, check out the snapshot of the hourly time frame below.
If there's such a pattern called an "inverse" cup and handle... I would say this is it. And like many patterns, a break above it or below it signals a continuation. In my opinion, this pair is poised for a move up which aligned with everything fundamentally and of course... the bull flag. P.S. If you enjoy these technical analyses please feel free to comment...
Yes, technically.. I'm expecting this pair to fall 200+pips based on last month's bearish engulfing candle. If it breaks the 0.6880 level.. and of course the major trendline, you can bet this pair will fall even further. I'd be careful not to catch a falling knife if I were you.
Aussie dollar breaking below our trendline could signal more weakness on this Aussie dollar pair, weeks ahead. As we take a look from our Top-down analysis, the month of Feb rejected the 0.7900 level printing a shooting star, although not the type of shooting star candlestick you would see in a textbook but nonetheless, it's a rejection that possibly could be the...
EUR/USD should see some reaction at the 1.1560 level. :)
Crude Oil could continue lower to $54 when it breaks below ascending channel. Cheers!
Gold could start another impulse move up as per technical trend analysis. :)