Skyboxpips

Skyboxpips

Hello everyone, we have been seeing bullish movement for the previous months as there has been weakness in the Yen currency. Liquidity has been established at the 100.182 price point from March 28th for Cadjpy. Price is now approaching that same liquidity level in the formation of an ascending triangle. Will be waiting for the break and retest of the liquidity...

Skyboxpips

Ethereum has been on a bull run for the previous weeks. Last week price was bouncing back and forth in a Ascending wedge formation. Price is trading into a previous resistance level that is marked on the chart. Looking for price to break through the resistance level and get a retest so the bull run may continue. If price decides to reject the resistance level...

Skyboxpips

After we had some sell pressure come into the market near the $3000 price point. We identify a possible Head and shoulders pattern that may be looming. If price returns to the blue area to line up with the "left Shoulder" then we will be looking for any sort of bearish price action confirmation. In this case, first target would be aimed towards the neckline...

Skyboxpips Updated 

Ethereum has been on a downtrend for the higher-timeframe. Price had broke the bearish trendline to the upside before selling at the ending of previous week. We are anticipating a retest of the trendline to continue bullish (Buy-side scenario). If price breaks support then we can see more sell pressure (Sell-side Scenario). Read and React!

Skyboxpips

We posted our trade idea for Ethereum on 2/20/22 and here is the update. Price did broke the support zone for the short bias when the News regarding Russia vs Ukraine and retested the trendline that we marked up earlier in the week before going bullish. If you were following the trade idea that was sent earlier this week. Please leave some feedback if you were...

Skyboxpips

GBPJPY has begin forming an Head and Shoulders pattern on the daily timeframe. The right shoulder has begin forming due to price hitting a resistance level. Price has been divergent since last week but sometimes the market like to bait retailers on both sides before ending the week and take off before giving an optimal entry. This setup may take a while to...

Skyboxpips

As we look on GBPJPY, we currently see price rejecting the support zone that we drew up in our analysis on Sunday. As of now, price broke the H1 trendline and is now retesting the trendline with the possibility of going bullish till the bearish structure points are broken and deemed invalid. The previous H1 candle closed as a hammer doji, and if this hour candle...

Skyboxpips

The Bearish Head and Shoulder pattern that we drew last week for our analysis played out. Price is currently at a retest zone and waiting to see some retracement to continue bearish

Skyboxpips

GBPUSD rejected off the trendline and continue bearish last week just as we drew last Sunday. Till we get a break of the trendline, we will continue to be bearish to avoid countertrend trading. This week's high impact news outlook for the Pound: Monday, December 6th: BRC Retail Sales Monitor YoY A higher than expected figure should be seen as positive (bullish)...

Skyboxpips

Last week GBPJPY continue the bearish trend last week from our analysis from last week. Price is at perceived support and may retrace from here or continue bearish to react off the liquidity level illustrated by the red line. High impact news for the pound will fall on Friday, December 10th at 2 am est an hour before London Session Open

Skyboxpips

Price has been in a bearish trend. Anticipating price retracement to retest zone or go for deeper retracement past zone. Reading and reacting to what price wants to do.

Skyboxpips

Bearish market. Anticipating the rejection to continue bearish or break/retest of trendline. Orange line is previous structure point (Lower High)

Skyboxpips

Head and Shoulders chart pattern. May continue sell off before buyers enter market

Skyboxpips

Dow Jones has been selling off but Waiting to see how price react to reject trendline to continue short or.. Break structure and previous Lower highs to go bullish.

Skyboxpips

Price is approaching yearly highs AKA as a Liquidity Level. There is divergence going into the Liquidity Level so predicting price to immediately reverse and go short (short term) once it hits the Liquidity level OR Break and retest yearly highs to continue long. Wait for your price action and confluences. This is simply my analysis and not financial advice

Skyboxpips

Looking for this week to start bearish as a retracement on the weekly timeframe. Anticipating Dow Jone/US30 to finish the week bullish Market structure points are being created on the H4/H1 timeframes

Skyboxpips

Price Action: The Previous Weekly Candles made a Bullish Print so anticipating the week to start bearish, therefore, creating a wick low on the weekly candle to finish the week bullish. Market structure points are being created on the H4 and H1 Timeframe. This is our analysis, not financial advice! Feel free to input your analysis or comments!