KatlehoMaleka

KatlehoMaleka

I never thought I would have a buy setup on bitcoin, been bearish since we were at 16K. But, feelings aside, I think the selling has subsided, at least for a while. We got a Double Bottom here, and the second bottom is little higher than the first, that often signals that the bulls are eager to takeover and I do see them taking over, at least up until 11K.

KatlehoMaleka

We have a bearish flag here, price also got rejected from the descending trend line and 61.8 fib. Target will be at the 1.618 extension.

KatlehoMaleka

Another great setup we have here. Got a nice falling wedge here and possible end of wave 4, looking to trade the 5th wave. It also bounced nicely on the 0.50 fib. Target will be at 0.79000, a psychological level.

KatlehoMaleka

Good setup here going into next trading week. We have a broken ascending trend line and a retest that also hit the 61.8 fib. It also got rejected at the descending trend line. I'll be looking to short this pair, with my target at the 1.272 extension.

KatlehoMaleka

Hello fellow traders, we have a great setup here. Possible inverse head and shoulders, a 50% retracement, double bottom on a support zone and some bullish divergence. My target is at the 1.618 extension, with stops below the right shoulder. Wish you all a great weekend.

KatlehoMaleka

I posted a sell on this pair not so long ago, and it struggled to break out of the corrective structure, that I ended up going on the the lower timerframes to see whats going on. And it caused me to revise it and change my order from short to long. Price is clearly being rejected on the ascending trend line, it is finding a lot of buyers at the trend line. Also,...

KatlehoMaleka

My view on AUDJPY. Price got rejected on Weekly resistance and created a Head and Shoulders pattern. It proceeded and broke an ascending trendline and went back up to create a corrective structure. I see a lot of downside potential on this pair. Toward the 1.618 extension.

KatlehoMaleka

A Head and Shoulders on this pair. Price has broken out of the neckline, and it is currently retesting it and currently sitting at the 0.382 retracement. Target at the support zone.

KatlehoMaleka

We have clear inverse Head and Shoulders pattern on this pair. The conservative way to trade it will be to wait for the break and close above the neckline and then buy, with target at 12.82. And stops just below the right shoulder. And the aggressive way will be to enter now.

KatlehoMaleka

Possible bearish flag here, I'm going to be aggressive on this one and not wait for the break. It will provide me with a tighter stop and nice risk:reward ratio of 1:3. Target at the 1.272 extension.

KatlehoMaleka

I think it is time this rally on EURUSD takes a breather, and this Double Top looks like the way to go. With massive bearish divergence on the RSI. It might not go all the way down, but I reckon it will at least test the neckline.

KatlehoMaleka

Textbook Head and Shoulders here. A break of the neckline is likely to reverse the trend and we might head in the other direction. Targets are at the last level of support.

KatlehoMaleka

Well, I don't even trade Bitcoin but I love analyzing charts and this is just my analyze on it. Price broke an ascending trend line and it looks like it has just retested it and looks likely to move lower. Support is at $9 279.4. Should this support not hold, next support level is at $5 400, and this is where I see BitCoin more likely to go in the near future.

KatlehoMaleka

Here we have a bullish Bat pattern that is almost complete. We have already tested 1.618 extension, I'll wait for it to test the 88.6 before initiating long position. It also completes in a nice resistance zone.

KatlehoMaleka

Price broke out of an inverse Head and Shoulders. It also broke the resistance zone and now it has pulled back to it, and it looks like it will turn to support. I will take a long position, with risk:reward ratio of 1:2.

KatlehoMaleka

Reasons for this trade setup are simple. 1. Bearish Cypher Pattern complete 2. Double Top 3. Bearish Divergence

KatlehoMaleka

Here we have a possible ABCDE triangle. So far it has been behaving well. If it does breakout out of the triangle, my target will be at the lower Support Zone. Price has been rejected on the descending trend line, with a Double Top. I will looking to enter on the break of the neckline.

KatlehoMaleka

To add to the sell setup I posted on this pair not so long ago with the bearish bat, I still have a bearish outlook. Based on what I have seen on the Daily chart, this is my view on the lower time frame. We have a triple top on the descending trend line, and a Double Top on the daily. I will be looking to sell the break out of the trend line. With my first target...