AUD/CHF - SET FOR HIGHER HIGHS?I normally wouldn't label a Running flat prior to seeing the impulse indicating that the correction is over which is why I went ahead to label this one. Furthermore, we have been seeing Bullish Divergence for weeks now and Divergences can hint 2 things. 1) Either the new Impulse is in the making, 2) Deep pullback is in the making.
Judging from the Weekly Engulfing it could signal the start of the new Impulse.
My personal details:
Long @ Entry: At Market, SL: 0.7200, TP: 0.7800, RR: 1.29
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long-setup
EURNZD - HEADING FOR HIGHER HIGHS?According to my wave count I can see the pair edging higher and potentially retesting the 1.8000 level which also acts as a psychological level. We also got a breakout of what seems to be the total / partial correction of wave iv
I would be looking to lock on profits as soon as the price reaches the highs of wave iii in the case that we get a truncated 5th wave or in the case that my count is wrong and we end up seeing wave iv being a flat correction
Apologies for the inactivity as was away on holidays in Italy.
My personal details:
Long @ Entry: 1.7010, SL: 1.6600, TP: 1.8000, RR: 2.41
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Bitcoin Trader's Thread (Part 32)Welcome to EBall's trader's thread. Where I analyze Bitcoin's wave count with alternatives and ultimately don't give a damn about what news causes the price action. This is a place of many updates, long threads, and the goal of making money. Opinions change quite often here. Investors beware, this is not the place for you.
I still think we are downtrending. Can we still get to our previous goal of sub $8k?... No idea.
Money time.
USDJPY Long Opportunity!Hello traders! At this moment USDJPY had a strong rejection from the bottom of the daily channel - 106 level. You need to remember that USDJPY is in a corrective structure right now. The correction is not over yet. Short term target will be inside the channel. We need to see how the price will behave inside this structure . If the price will not rise aggressively up to the top of the daily channel - blue dotted line, then it's possible another down move. Be patient and wait to see how price action develops . Don't jump into the first green candle. We need a STRONG breakout of this structure to confirm the long opportunity. Follow me for future updates. TRADE WITH NO EMOTIONS!
GBP/AUD - TRADE WHAT YOU SEEThe pair is forming a flag pattern (and hopefully not a falling knife) after a strong impulse, so we could be getting one more impulse to the upside. On top of that we may have gotten a nice inverse head and shoulders should the pair not break down from the flag pattern.
Looking at a retest of the 1.7825 level which is a key structure level too.
My personal details:
Long @ Entry: 1.7642, SL: 1.7615, TP: 1.7825, RR: 6.7
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
SILVER (US$/OZ) - A RETEST BACK TO THE 18.50 LEVEL?Reasons to buy:
1) Inverse H&S
2) Inverted hammer on a key structure level (have to wait for Friday close to confirm that)
3) Daily Stochastic oversold
My personal details:
Long @ Entry: 16.35, SL: 15.80, TP: 18.50
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
EUR/CHF - SHORT TERM BURST COMING?Reasons to buy:
1) Inverse H&S at the bottom of a downtrend
2) Bullish 1H Divergence
3) Forming a descending wedge after a strong push up
My personal details:
Long @ Entry: 1.1547, SL: 1.1500, TP: 1.1685
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
BTC $8100 Target: $6650-7050 Re-Entry; Short Term Thread (Pt. 1)This post will cover the short-term aspect of Bitcoin, as what appears to be impulse waves. I will update shortly on the very short-term scale to show validity in the wave count. This is appears to be the end of the Bitcoin Correction. Many more short-term updates to come along with new targets. Follow for updates :).
USD/JPY - SET FOR A STEADY RISE? TEXTBOOK INVERSE H&STextbook inverse head and shoulders so we could be seeing a retest of the 118.00 levels as a first longer term target. With the DXY having reached 3 year lows we could potentially start seeing it correcting, or even reversing to the upside which in terms mean a rise for this pair.
We can also see a nice flag formation which could be towards its end.
My personal details:
Long @ E: 108.85, SL: 106.00, TP1: 118.00
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Theory: Bitcoin is showing mirror fractals (long)I surmise Bitcoin developed a new channel after the huge growth in price when we initially hit the 4k mark, nearly doubling. At that point Bitcoin became truly relevant to a larger audience. This created a new channel which is shown in the chart. Bitcoin broke that channel in the euphoria phase. The resistance of the channel slowed Bitcoins progression and that coupled negative news that comes with a large retrace, sent us back through the opposite support side of channel. However I propose this channel is is stronger then we possibly can imagine and Bitcoin will mirror fractal outside the channel and re-enter. After that we will work our way bouncing through the channel. This is a long position once we enter channel. I wish you all prosperity and remember, Trade from your intuition. If it feels right, don't second guess, no matter what.
EUR/AUD - TAKING OFF FROM 61.8% OR 78.6%? ANTICIPATING UPSIDEReasons to buy:
1) Inverse H&S complete
2) Bullish divergence on the D Timeframe
3) Showing weakness on the 61.8% but could potential push down to the 78.6% before the upside move
My personal details:
Long @ Entry: 1.5220, SL: 1.5140, TP: 1.5700, RR: 6
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
CAD/CHF - A RATHER COMPLEX CORRECTION IS OVER?The pair has been correcting since September of last year, into what appears to be a rather complex structure, but there is evidence making me believe that it could be over, or that we could at least see some upside for the time being.
Reasons to buy:
1) Shooting star on the Daily timeframe
2) At a key price level (look to the left)
3) Daily Stochastic oversold
4) Weekly Stochastic oversold
My personal details:
Long @ Entry: 0.7570, SL: 0.7500, TP: TBD
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
NATURAL GAS - READY FOR TAKE-OFF?The price is currently retesting a pretty strong level @ 2.54-2.65. There is a lot of evidence making me believe we could be seeing a strong move back up to the 3.38 level.
1) Weekly Stochastic Oversold
2) Shooting star candle on the Weekly
3) Price has completed leg B of a potential Flat correction of the most recent impulse down.
4) Double bottom
My personal details:
Long @ Entry: 2.58, SL: 2.30, TP: 3.35, RR: 3.35
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
MERRY X-MAS EVERYONE! :)
US DOLLAR INDEX -> 87.62 - 87.78 = TURNING POINT?Is it time for the US Dollar to start regaining its strength?
Strictly judging by my own technicals I'm seeing a potential reversal point around the 87.62-87.78 range where we see a strong confluence of a the 50.0% Fib retracement and 161.8% Fib extension.
>>XRPUSD<< >>January Week 3<< Long SetupHey guys, last night XRPUSD made his Wave Low, in my view we gonna see now a big rise in value and XRP pushed back to 4,5 $,
this drop happened by fundamentals and Political news in korea, in my view it was a big fake to kill Bitcoin and Crypto prices for
the big players in the next few days.
A lot of negative news were caused by this drop taking out a lot of buyers and players before making further upside moves.
Many people panic-selled and lost money because the society is buying at highs of cryptos and get out after a 50% pullback with
a big loss.
DONT TRADE CRYPTOS if you're not able to HODL and buy at lows.
Here we have a Wonderfull possibility with over 600% ROI.
Have a good one and Trade with care :)
EUR/NZD - CLASSIC TREND CONTINUATION (TC) SETUPNot much to say other than we could be looking at the pair to go back up to the 1.7475 level.
Reasons to Buy:
1) Hammer candle on the Weekly TF
2) Double bottom at the retest of the broken structure level
3) Weekly RSI oversold
4) Daily Bullish RSI Divergence
5) D + 3D Bullish Engulfing
Wait for a pullback in the shorter TFs such as the 1H before buying in order to get a better entry point.
Long @ Entry: 1.6750, SL: 1.6650, TP: 1.7475, RR: 7.25
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
AUD/CHF - RETEST OF THE TOPS? INVERSE H&SThe pair is seeing some strong bullish momentum, and with Gold -0.31% showing a lot of strength lately it has keep this specific pair quite active. As of now I expect one more push to the 0.7695 level and we could get that whole push today even. Note the ABC labeled on the chart is an Exp -0.36% . Flat from the previous impulse. Now we can see an Inverted H&S forming as well which makes me believe we are setting for a strong push. We are also retesting a significant structure level so be on the lookout.
My personal details:
Long @ Entry: 0.7649, SL: 0.7630, TP: 0.7695, RR: 2.42
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Civic - Risky Trade Could lead to a 300% returnI will definitely update with another picture here of what's happening now, but I see an opportunity that we may be able to take advantage of. There is not much risk in terms of a stop loss, but there is risk in terms of the target never being met. The next update will show you why this is so. Another analyst brought to my attention this cup and handle, and I think we have an opportunity here. My projections are just a bit more modest.