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EURAUD macro cycle finished and holding price in large quarterPrice has found resistance in a large quarter point and psychological number of 1.625000. As we can see as well, this correlates with a large macro cycle being finished and made a large M formation between last week and this week. Im looking to enter this coming days as midweek reversal and hold for a long term cycle down for a good 500 pips potentially. Confirmations: - divergence on TDI on 4h with first leg above band and second band below liquid 50 - macro cycle has finished and holding current price - price has finished quarter cycle and held position on 1.62500 and has never past it or made a new high - price made a new higher low but struggles to make a new higher high and consolidates below the high - AUD pairs seem to be having a bit of consolidation across the board.
Short
by MeltzCarlos
EURAUD for next coming weeks Price has struggled to breach the large quarter point of 1.62500. This coincides with a macro cycle of three pushes that has finished (as can be seen in chart in blue squares) and correlates with finished cycle of micro cycle (pink squares). We have divergence on higher timeframes of TDI which indicate a long term swing. Going to be looking to enter in london Confirmations: - 4h divergence with first leg on top of band and second leg below the liquid 50 - respected large quarter point of 1.625000 and created a double top formation - finished macro cycle indicating a good swing - micro cycle has finished as well - price made a new lower high but never made a new higher high after it pinned 1.625 - AUD pairs have been slowing a bit in the past week and we can notice exhaustion in price
Short
by MeltzCarlos
EURJPY bias is still to the upside In my past analysis we entered at the wrong time but now in 4h this looks crisp and ready to fly high. Its late in the day but in 4h we have a railroad formation that stopped many people out, and as you can see in my TDI it respected liquidity (yellow line). Here are my confirmations: - railroad formation on 4h - respected liquid 50 (yellow line in TDI) - divergence in rsi (green line in TDI) - micro and macro cycles are both on level 3 chop
by MeltzCarlos
3 pins to the high and its lights out Finished macro cycle with 3 pins to the high. Note how that giant candle stick's body closed below the high. This news to the upside was to induce retail trader long, stop sellers and trap traders who bought too late. This is just an idea. Not taking this trade honestly because of TDI confluence but yet it is quite possible for it to tumble down in a new cycle to the downside in long term. Gonna see how it unravels in London Session.
Short
by MeltzCarlos
GBP weakness hello everybody! First trade pair I ever send publicly on Tradingview.com! What we are seeing on GBPAUD is that all GBP pairs are showing weakness though-out the board. 6 days we had a start of a new cycle and that has finished today with that 3rd aggresive push off news. Today we are seeing a good divergence and RSI below market baseline (Grey line in my tdi) that also shows us a Head and shoulders formation. Im riding this for a good 100 pip TP with a 30 pip SL so a 1:3 ish risk to reward is always ideal. Hope you enjoy!
Short
by MeltzCarlos
RIPPLE XRP - MARKET PROGRESSION LONG - (UPDATE)Here is an update to my previous analysis. XRP has been progressing through the consolidation zone and has finally dropped below the previous Daily chart level 1 marker, thus making this retracement significantly deep, as it has currently retraced almost 80% of the initial Level 3 move. In the last 24 hours, price has bounced off major support zone (flip zone) and is currently forming a W (Level 3) on the 4 hour chart, where we can expect a bullish trend to ensue from here on in. However before we can confirm this, there may be an additional reset which would take the price even lower to around the 0.33 ~ 0.34 cent area. I consider that move to be highly unlikely, but still possible. The reason for my consideration are: 1) The manipulation pattern has completed on a higher timeframe, even in Daily should we get a confirmation of Level 1 move, it will continue upwards. 2) The W pattern is in progress on the 4 hourly, we can expect with high probability, that it will form a level 1 pattern which once confirmed, will signify the bullish trend continuation. 3) Looking at the 'TDI', where 'RSI' low point was 9.9 RSI, (with current RSI setting at 10) and has formed a W 4) 'RSI' has made a sharkfin as well as a W, outside of the Lower 'TDI' band. 5) Fast 'MA' (Fast Moving Average) - (Red Colour) has hit the Lower TDI band. All of these are prime for a super high probability bullish move/continuation. Note: In lieu of the current high volume dumping of Futures Contracts against Bitcoin (See twitter channel here for live updates: t.me), because XRP is currently correlated with bitcoin, we will see similar movements on XRP, until as such time as XRP is decoupled from bitcoin, which shouldn't be far away, I'm expecting that to happen after the 11th of November. ---------------------------------------------------------------------------------------------------------------------------------------------------------- Obviously, nobody can tell the future and trading is a game of probability based on previous structure, fibonacci measurements, experience etc... Sure anyone can disagree with my analysis, but don't just say you disagree, show me your analysis. However don't be surprised if I don't reply, I'm not interested in debating with people, because it seems Tradingview is full of trolls lately and altcoin fanboys who treat trading and crypto coins like barracking for football teams. I'm a professional full time trader, I live from trading, I make money from trading. I don't care about the name of a coin or currency pair, I just care about making money, and I make a lot of it because I know what I'm doing. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:XRPUSDLong
by UnknownUnicorn661419
9
RIPPLE XRP - Market Progression - LONGRipple has made 2 breakouts from structure and is on it's way to perform the first part of a wave 1 impulse wave. Through wave one we should see 3 impulses in total and 2 consolidations/corrections. See my previous analysis back on the 14th of March 2018 (almost 7 months ago). Although current pricing, to some inexperienced amateurs, may seem like it is reversing... it is not ! The pricing is still within the consolidation zone, as I've marked on the chart. You can see the current price (at the time of writing) is still 8 cents above the low. The level count on this current move is Level 1, and should confirm this once the high is broken, possibly within the next 1 to 3 days. 'TDI' (Traders Dynamic Index) shows that the 'RSI' (Relative Strength Index) is currently at 59 and is close to the center of the bands, where I'm expecting it to bounce again for the next move to Level 2 and Level 3, before the first correction as Elliot wave 2 begins, at around $1.40. Sure it could be lower and it could be higher. Most likely when Level 1 confirms (means it will break the previous high), it will be a bigger move than from Level 3 'PFL' (Peak Formation Low) to the previous high, thus passing the 80 cents mark. Patience is a virtue as well as removal of emotion, especially in trading. Let the market play out, don't listen to FUD, there are a lot of XRP/Ripple haters out there, I don't understand why, especially if the coin can make you money. XRP is the only coin, thus far, to have a solid company behind it, has been in development longer than BTC and has a solid business model with contracts signed and already customers using the technology. It costs peanuts to transfer XRP, unlike BTC or any other coin, XRP is faster transfer than BTC and has a real world use, currently with several banks, many more coming online daily, which will ultimately help push daily volume into the trillions. XRP currently has 2nd place in coinmarketcap and I am expecting it to increase even more to eventually take over 1st place. Binance.com has reported yesterday, that XRP volume has surpassed BTC volume, therefore it is only a matter of time until XRP will be the number one coin with the biggest market cap. It will make holders of XRP a huge amount of money, what could be bad about that. Don't be an amateur, be a professional, look at the charts, understand the charts and act accordingly. Obviously, nobody can tell the future and trading is a game of probability based on previous structure, fibonacci measurements, experience etc... Sure anyone can disagree with my analysis, but don't just say you disagree, show me your analysis. However don't be surprised if I don't reply, I'm not interested in debating with people, because it seems Teamviewer is full of trolls and altcoin fanboys who treat trading and crypto coins like barracking for football teams. I'm a professional full time trader, I live from trading, I make money from trading. I don't care about the name of a coin or currency pair, I just care about making money, and I make a lot of it because I know what I'm doing. ---------------------------------------------------------------------------------------------------------------------------------------------------------- DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar. This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk. Plan your trade and trade your plan... and IF in doubt, stay out. .....::::: If you like this chart, please click on the THUMBS UP! :::::..... ----------------------------------------------------------------------------------------------------------------------------------------------------------
BITSTAMP:XRPUSDLong
by UnknownUnicorn661419
15