Category Archives for Free Forex Trade Setups
Bitcoin: What’s Next After Breaking $46,000?
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By
Justin Bennett
- / March 28, 2022
Since February, I’ve been eyeing a Bitcoin breakout above $46,000, and the market finally delivered this past weekend.
So with BTC trading above the key area on a daily and weekly closing basis, what’s next?
Today’s video discusses what I’m watching over the next few days and where Bitcoin could be headed in April.
Continue ReadingWeekly Market Forecast for EURUSD, GBPUSD, USDCAD, BTCUSDT, ETHUSDT (March 28-April 1, 2022)
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By
Justin Bennett
- / March 26, 2022
EURUSD continues to move sideways between multi-decade support at 1.0870 and the 2008 trend line at 1.1080.
At the moment, I have no interest in trading EURUSD given the overall choppy price action. I’d rather wait for a breakout in either direction.
But as mentioned recently, I would prefer to trade an upward breakout above 1.1080 as any shorts below 1.0870 are more likely to backfire, in my opinion.
Continue ReadingVeChain Rally Not Over According to the Charts
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By
Justin Bennett
- / March 24, 2022
VET is up 18% since I wrote about the potential for a 40% rally on March 17th.
However, today’s close could determine whether we get a pullback first or if VET bulls can push the market toward my final target.
Today’s video on VeChain covers all of the details.
Continue ReadingGBPJPY Breakout Targets 164.00
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By
Justin Bennett
- / March 23, 2022
GBPJPY is on the move this week after months of consolidating between 149.00 and 158.00.
The target for this breakout is substantial, but current conditions make entering here tricky.
So in today’s video, I discuss the details of this week’s GBPJPY breakout, including two scenarios I’m eyeing.
Continue ReadingBitcoin: Time to Buy According to Tether Dominance
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By
Justin Bennett
- / March 22, 2022
Recent Bitcoin price action is reminiscent of last year’s June to July price action, but BTC remains mostly sideways.
However, Tether dominance is also repeating something from last year that occurred right before a 60% rally from Bitcoin.
So in today’s video, I discuss what the Tether dominance chart is and how it can help us prepare for what’s to come from BTC.
Continue Reading