Nicholas_k

Nicholas_k

BTC is hitting key support at just under $80,000 This is a good opportunity to expect a rebound back up to $100,000. Double bottom formation coming in nicely. Currently entering into my position and watching for a break under. Will keep stop tight as there is a fear of an extreme trend and sell off taking hold. Economic uncertainty and emotional buying and...

Nicholas_k

Looking at the chart a correction is in much needed demand. We are coming close to a prior key resistance level and I have started to enter into a short position here on this pair. Wish you all the best and good luck with your trades! Personally I believe risk at these levels to be low I feel to many will be selling due to fear soon to allow this to climb without...

Nicholas_k Updated 

GBPCAD I have been watching closely for a pull back over the past month. It has been on a brutal climb. I think given the current chart patterns we have a strong potential to double top at our current location. Risk is low and potential for profit is high. Best Of luck! Trade safe and protect your capital :)

Nicholas_k Updated 

Large amount of upside potential here. Prepped and ready for a push up / retest of prior support. Will be continuing to monitor the DXY to better predict price action. I see minimal amounts of risk. Risk/Reward ration on all 3 take profit levels is very good. Looking for the break of the upper trendline for maximium take profit potential. Position is currently...

Nicholas_k Updated 

(FOREGIVE MY CHART - REALIZED AFTER I POSTED T/P 1 AND 2 ARE REVERSED) Currently BTC is approaching the 100,000.00 mark. Personally I suspect a correction around this level to retest the $80,000.00 Mark before pushing much higher. It is possible this will push past the 100K mark to liquify bears before making its descent. For this reason I have set a martingale...

Nicholas_k

Have been watching NZDCAD for a good while and was originally looking for a long play off of blue channel line to maintain current trend. Today we have broken under the trendline and have achieved strong downward momentum leading the week to control last weeks prior price action. What I am looking for most as we progress towards the end of week/day is a close...

Nicholas_k Updated 

Bitcoin had a good consolidation period and now is breaking up again. I can see this run taking us to nearly the 100K mark especially if DXY stays under its key resistance level. Currently leveraging into XAU and BTC. Hoping to see new highs for Gold and continued upward movement for BTC. I would imagine at 100K we will likely see some form of sell off and...

Nicholas_k Updated 

NZDCAD today has broken out of its downtrend, crossed the cloud and broke PMH. Have been loading this trade since the 13th as we continued to test the lower trend line. Now that we are starting to get some better momentum this upward momentum could continue for some big gains.

Nicholas_k

DXY currently forming bear divergence on daily time frame and on the 1HR time frame just set a lower high with a prior lower low. Price is still extended up very high and with some consolidation this could still push up however with the rising wedge formation on the 1 HR time fram we will need to break the formation sooner or later and with the current price...

Nicholas_k

**KEY NOTES** - Gold has experienced a 9% correction - DXY is at the top of its current trend range at key resistance - 1HR/4HR Falling wedge (With 3 downward drives) Gold should catch support very soon for a push back up. I would expect when this happens we will see DXY start to retrace its current move also allowing gains on forex pairs against the USD. My key...

Nicholas_k Updated 

Looking at the current formation of the broadening wedge at the current peaks on USDCAD. Will wait until we break the shown level of support and/or confirm breakout under the bottom trend with a 4HR Retest. Risk/Reward 2:1 Will Re-evaulate trade periodically and update as I see fit. With how crazy bullish USD has been lately I will not be jumping in early in...

Nicholas_k Updated 

Today marked the 5th hit on the trendline validating the pattern. Typicllay broadening descending wedges are a bullish sign. Coupled with the fact that GBP/USD made its way very close to key levels of support today and news drops come later today I would expect a breakout coming shortly. I will be patiently waiting for entry into a bullish trend however I have...

Nicholas_k Updated 

Even though NZD/CAD is in a Longterm bearish trend we are currently trading along the lower trendline and short term charts are overextended to the downside. Signifying a high potential for a quick bounce. Stop will be with 1HR close under trendline (Will look for re-entry if happens) Good risk to reward ration for a quick play leading into this afternoon.

Nicholas_k Updated 

Key 4HR Resistance Coming up. Expecting up to a .010536 correction before pushing through 1.39500. Bear Divergency presenting itself on RSI. Expecting correction to take place. Will enter trade at break of rising wedge pattern. Will not think trade is gone if liquidity grab pushes price above the wedge.

Nicholas_k Updated 

Going long on current rising triangle on GBP/USD - Lately GBP/USD been trading at good levels of support and have been looking for a long entry for over a week. - The Triangle set up here is very promising as we just recently broke out and we are making are way over some crucial EMA/SMAs

Nicholas_k Updated 

DXY is forming a descending triangle today signifying further downward momentum is likely. Take note of the lower highs and continued rejection at this same level of support. This shows a lower amount of buyers at each rejection. It is likely due to this, support will break unless new buyers come in to place.