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Darius

GBPJPY long - Supply Demand, W-FormationGBPJPY I still see bullish. From all timeframes we want to see a push to the upside. The weekly can be interpreted as indecision because the market created a move to the weekly/daily Supply Zone and rejected the weekly candle at 0.5 Fib Level. If the marked would had retraced it harder then this week we could have expected a fill in the wick pattern. So all the way back to the upside. But it retraced exactly to the 0.5 and at this level we can not say if it will go back up or not this week. But as we can see it from all the other timeframes we want to see that move to the upside. If we will remain above this Support Structure, we can expect that the price will move back to the Supply / Resistance to complete that Impulse/Correction Pattern and W-Formation. Right now the Structure on the daily is in Accumulation Phase. So the price is ranging. Collecting all the liquidity. What do you think?
Long
by DariusFxTrading
7
XRPUSD (Ripple) long - PUMP 1, Falling Wedge, CorrectionNice movements on Ripple the last couple of days. We hit the 0.30$. Charts: Right now we are at the monthly Support Resistance Level. When we will see a break of this level we can expect that Ripple will explode to the upside. Previously we broke out of the Falling Wedge, retested it + we grabbed some liquidity exactly at the daily Demand Zone. The same Area is also the Neckline of the W-Formation. As you can see those are several Confirmations for movements to the upside. The last thing that we want to see is a break of the monthly Support Resistance. After the break the first target is the 0.50$. Targets: TP1: 0.50$ TP2: 0.90 - 1.00$ TP3: 3.00$ Ultimate high Those Targets are within the Pump Nr#1. As I already explained it to you in my previous analysis I do expect Ripple to go up in #3 Pumps. Fundamentals: Ripple is a very good company. It has a system that allows banks to transfer big amount of money very fast and with very low cost. The system is already used by a lot of banks. Also we got big PayPal Release. They are using Crypto for Payment. This will allow all people a very easy way to buy and transfer Crypto. Emotional: During the Crypto Bull Run Ripple has reached 3.00$. Afterwards it made a big correction to the downside. Almost 97% Correction. This is why a lot of investors are very emotional when it comes to the future of Ripple. They do not believe in it. But why do we need to believe in this company? The company is very good if we got a look on the data and if we are thinking in an economic way. Also every market needs a correction as they can not always hold and gain in value all the time. Correlation: Cryptos are very correlated. But they are not moving at the same time to the upside. This is very good. Because it will allow you to invest with good confirmation in a cheep market. Ripple has the biggest opportunity. With only 0.30$ right now you will have very good % growth on your investing balance. Just look on Bitcoin right now. +70% the last 2 months. Insane movements. Conclusion: Think about this incredible opportunity. I already talked/wrote about Ripple when it was 0.23$ What do you think? Will you invest or not?
BITFINEX:XRPUSDLong
by DariusFxTrading
15
GOLD(XAUUSD) short - Ready to drop downGold I see ready for a nice drop to the downside. WHY? Monthly: From a monthly perspective we want to see the market moving more to the downside. Target around 1800-18300. Why? Because this is the Fib Level Target. The market created a huge impulsive move to the upside but we did not see a proper Retracement. We want to see it at least till the 0.382 or even lower. Why 1800 Level? This is a very attractive level for Institution. This is an area where a lot of buy orders are placed. So at the same time this is a target for shorts. Correction Channel: As we can see from the daily timeframe, Gold is in a corrective Channel. After the completion of this correction we can expect the continuation to the upside. Daily: On the daily timeframe we can see that the market has created a fill in the wick pattern. So we want to see at least a correction till the Support Area. Trading Idea: Short till Support. After the break of the Support drop and retest and then rock it till 1800 Area. What do you think?
OANDA:XAUUSDShort
by DariusFxTrading
EURUSD short - Supply Demand, Monthly TargetOn EURUSD we got right now the possibility to drop lower. As I already explained you in the last analysis I do expect a bigger drop on EURUSD from the monthly perspective. WHY? - because the market did not provide us a retracement to the 0.381 Fib Level. This is the minimum what we want to see after an impulsive. The market is since then in a very complex correction because the market movers are trying to close all their positions. Current Situation: As we can see right now we are at a very strong Resistance Area. From here we have a good possibility to short EURUSD. Wait for the market to show some bearish sign before trying to short it. What do you think?
Short
by DariusFxTrading
1
Gold short - Supply Demand, Correction, Trend LineOn Gold we can identify a big Correction Channel. The price is right now correcting the big monthly impulsive Wave. Target is around 1800. Afterwards I do expect a big move to the upside. The price is right now at a level of structure. Also it is previous Demand now turned Supply Zone. We can expect a nice push to the downside from this level. First target is the Support Area. After the break of this level we may see the price continue to drop to our monthly target. This would complete the Correction after the Impulsive. Minimum Target would be 1830 Area. What do you think of Gold?
OANDA:XAUUSDShort
by DariusFxTrading
2
Gold (XAUUSD) long or short - Supply DemandFundamental: On the last analysis we can see that the market failed to break the Resistance Level. Instead of the break, the market started a big move to the downside. This happened because we had news about Corona vaccine. This is bad for the Gold Price because people are investing their money in Gold in crisis. A vaccine for corona are good news. Therefore this is bad for the Gold price Chart Analysis: We can see that the market created a new Supply Area and that the market started again to move up higher from the strong level of Support. From the structure level we can expect both direction. Long and short. What do you think?
OANDA:XAUUSD
by DariusFxTrading
2