ETH - Quick series (2)
Hello Traders and Analysts,
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Master Key for zones
Breakdown:
1. Note
2. Contents
3. Research breakdown
4. Education recap
5. Information on Lupa.
A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged long, due to purchasing further increments upon imbalances.
Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities.
Risk Warning
Trading leveraged products such as Forex, commodities and CFDs, carries with it a high level of risk and so may not be suitable for every investor. Prior to trading the foreign exchange, commodity or CFD market, consider your investment objectives, level of experience and risk appetite. You should never risk more than you can afford to lose. If you fail to understand or are uncertain of the risks involved, please seek independent advice and remember to conduct due diligence.
Master Key for zones
- Red = Three Month
- Blue = Monthly
- Purple = weekly
- Scarlet [Red] - Four day
Monthly
The monthly has indicate clear buying imbalances upon the price climbing. But the monthly distinctly plots a strong zone ahead where Fibonacci extension on the monthly plot and weekly Latest reference, has provided a buying opportunity, which also co-incides with the below weekly chart.Quick analysis,
The Monthly Imbalances are set:
Add positions upon the following, clear directional sell hedges
Confirmation upon the daily
Higher timeframes provide a clearer image.
Look for a three box setup, whereby draw your imbalance, a upper and lower confidence correctional move and set alerts, limits.
Box 1 being imbalance
Box 2 being correctional pullback to retest an imbalance.
Box 3 Target profit at an imbalance
Price has now established a monthly imbalance candle at "0" Swing high. Look to this zone now for a correctional retest as imbalances upon a fresh touch retest in accordance to probability and the structure of the market.
Not advised:
For scalping purposes - If the desired trader finds a breakout pattern or clear reversal then - follow your strategy.
Weekly correctional
Price currently sits upon the -0.618% Fibonacci as a profit zone.
On the Monthly, price is now looking to push higher, but buyers are exhausting and need to correct to change hands on a weekly level.
Hence "0" is a probable scenario for retesting.Bi-monthly
Here is the two week chart which also shows the same scenario taking place, where a strong pivot point is now providing a test of a supply pivot to overall refuel the buyers. To those who are patient, daily confirmations will indicate a scaling in positional play.Do you enjoy the setups?
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To all the followers, thank you for your continued support.
Thanks,
LVPA MMXXII
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