GBPJPY LONG. 4HR Previous swing high to swing low complete. Rejection off of major support. New low made with bullish inside bar + 3pin pattern. Looking for trend line to be touched once again.
Easy
Theta LONG -- BIG PUMP coming soon$Theta has leveled off and slowed seller volume around .786 fib level.
We are seeing a potential cup form over the last 4 weeks which gives weight of a strong formation. Current forming a pennant off the bottomed .786 level. If pennant breaks then we could sell at .27 for easy profit. If pennant breaks then look to see bounce around .21.
Could see it test .21 sat (Current risk to reward ratio of 7% : 20% )
Sell order could be put in at .27 which is the 200 day moving average (We've seen Theta work off MAs and could be a potential pattern)
-This would give us the 20% reward
MACD shows us a strong up trend.
I have Theta as a long term hold. If it can come back to ATH of a month ago that's 123% profit long.
Weekly Frame gives us a spinning top close (good sign of reversal)
Falling wedge 6:1 RRExpecting the 3rd touch to wedges bottom to be bounce up and after that finally a break above trend line to retest highs. Rectangle represents daily supply zone , where smart money has buy orders. CPI at Thursday should fundamentally support this idea.
Enough talking, trading is simple manage your money and risk.
USD/CAD Falling Wedge Pattern! SHORT , Many pips to be madeTA Should display everything to prove the direction we're heading.
This analysis is fire!
LINKBTC Descending WedgeHere's another one for you guys. Very simple. Let's see how it pans out.
Enjoy!
LINKBTC Elliot Wave AnalysisHere's what I think might happen next with Chainlink.
We have the 12345 followed by ABC very frequently here. So after this clear 12345 EW structure that makes up the 5th wave in the grander (maroon coloured) line, I believe we will have a bigger ABC now.A
Previous resistance should act as support until EMAs cross over again.
Hope this helps!
Please don't forget to leave a like if this is useful.
Prev. Analysis: www.tradingview.com
EURJPY broke major support! Rallied down further, SHORT!Introduction to my analysis:
1) Price Action is KING- I'm a sole believer in price action, you will see me incorporating price action theory into my analysis.
2) Simplicity is key - I love to keep my charts neat and tidy! The more indicators you have on your chart, the more complicated your chart is. Thus, affecting your bias of that market. Let me introduce you to my 3 great trading friends... THE 20, 50 & 100 MA!!!
3) The mind! - My analysis may not always be right, nobody is, it's just my opinion and point of view. There's no right or wrong in any market analysis, the only thing is belief. Believe in me and my analysis, let the result be the light to the dark cloud hovering your thoughts about trading.
4) Please feel free to comment and feedback to me about my analysis & on your views about the market. Through sharing, we grow together as a trader!
- Price has broken through 7-month support @ 124.947 ever since May 2018. Price breakout with a strong engulfing bearish candlestick.
- 200 MA filter shows that Market is bearish and my bias will be looking for a short position.
- Price has rallied further down and tried to take the next support @ 122.000 and reached for the major support @ 118.439.
- However, price did not manage to break through the major support @ 118.439 and is rejected to the previous support @ 122.000.
- Take profit as shown, hopefully, the price will rally down again.
- Looking to scale in my second short entry for this strong sell market.
What do you think?
Enjoy trading guys!
Regards,
Kayden
"Simplicity is the ultimate sophistication" - Leonardo da Vinci
EURUSD market move towards lower has started! SHORT!Introduction to my analysis:
1) Price Action is KING- I'm a sole believer in price action, you will see me incorporating price action theory into my analysis.
2) Simplicity is key - I love to keep my charts neat and tidy! The more indicators you have on your chart, the more complicated your chart is. Thus, affecting your bias of that market. Let me introduce you to my 3 great trading friends... THE 20, 50 & 100 MA!!!
3) The mind! - My analysis may not always be right, nobody is, it's just my opinion and point of view. There's no right or wrong in any market analysis, the only thing is belief. Believe in me and my analysis, let the result be the light to the dark cloud hovering your thoughts about trading.
4) Please feel free to comment and feedback to me about my analysis & on your views about the market. Through sharing, we grow together as a trader or even better as friends!
- Entered short position on 28 Dec 2018 @ 1.14692
- Price has come to resistance level @~1.14700
- 200 EMA filter indicates that the market is bearish
- Red arrow as shown defines Support turn resistance with a bearish engulfing candlestick break.
- Ever since the red arrow candlestick happen, bull strength is unable to take its' high out, hence shows that the bear is still on the upper hand.
- Since price is ranging, my target profit shall be @1.12641
What do you think?
Enjoy trading guys!
Regards,
Kayden
"Simplicity is the ultimate sophistication" - Leonardo da Vinci
