USDTRY is in a long term uptrend and there is no clue of slowing down or any reversal sign, despite a huge pullback I’m very bearish on Turkish Lira because of Turkey geopolitical issues and sick economy. As you can see we have a pullback, and I think its a great opportunity to ride this Read more about Short Turkish Lira Against USD[…]
When it comes to triangles I can say it’s one of my best manual trading patterns, despite there is no evidence that show this patterns actually works but I really like to bet on this shapes. CADCHF is trading inside a triangle for very long time, the triangle is very clear if you look at Read more about CADCHF Weekly Triangle[…]
The pair is not traded much by retail FX traders but its one of the pairs I really I liked to trade for a very long time, it’s volatile and when it moves it moves really fast. GBPNZD was trading inside a channel for a long time, since mid-August of 2016 and it touched the Read more about GBPNZD Weekly Channel Breakout[…]
Like other indices, Nikkie was down in recent days and now we are seeing some signs of recovery, the recovery started after it touched the 2017-2018 trend line: As you see the trend line provided support three times and now it’s acting as a support level again, check the long bottom wicks of the last Read more about JPN225 Long Setup[…]
First, let me make it clear, I’m a Bitcoin maximalist and what I say represents my thoughts about Bitcoin so if you are a shitcoin believer please stop reading here. Bitcoin is crashing again and it wasn’t something unexpected, anything that goes up will come down, is it true? Lots of people jumped in Bitcoin at Read more about What is Happening with Bitcoin?[…]
AUDUSD is on a very long-term downtrend and after each consolidation phase it makes a new low, this trend was one of the best FX trends to ride and it still is! The pair broke its support trend line on April 2018: Since then the bears had control and kept pushing down, in last few Read more about AUDUSD Down Trend Continuation[…]
The GBPJPY downtrend bottom out on October 2016 and it started a recovery period since then it’s consolidating, the pair broke its support trend line on February of this year but it didn’t fall too much and started back to consolidate: Now it formed a nice weekly rejection candle after facing huge resistance on its Read more about GBPJPY Rejection from Supply Zone[…]
In 2017 EURUSD recovered more than 50% of its 2014-2015 downtrend but in 2018 things moved back upside down and its falling back. After small recovery in August, the pair is back on track to fall more and now we have this H&S pattern on weekly chart: As you are seeing things aren’t looking good Read more about EURUSD Weekly Head & Shoulder[…]
EURJPY is moving closer to its 100 MA in weekly chart and it keeps touching and then rejecting, but if you check the bigger picture you will see there is a triangle, and the previous week candle was actually a rejection candle from the lower boundary of that triangle: And yes it was a bullish Read more about EURJPY Long Opportunity[…]
In the weekly chart of USDJPY there is a triangle: Price stuck inside it for very long time (since mid-2015), and a few weeks ago it tested again the upper boundary of it and price formed a rejection candle as you can see on above chart. Now it either moves down to the lower boundary of Read more about Will USDJPY Triangle Broke?[…]