Euro/USD from a different point of view.Big players manipulated the price. What we saw in the last few days was a scenario for moving the price up!
Manipulation
Bitcoin into this bearish flag; How to trade this charist?So, in this analysis, we see in H4 that Bitcoin it's still in range, but maybe we could see any manipulation zone that we can't to entry in short position. Beware of the market trap and hunters manipulation if you short Bitcoin, until Bitcoin doesn't break down the $17,900 USD, I can't to shorting Bitcoin, but in that case if Bitcoin make successful to break down the $17,900 USD. We can to trade it. At the moment, the market is lateral, and to trade it, we would need to know how the manipulation occur.
So, the most important it's to take any plan to be prepared, so, I following the trend on Bitcoin and it's bullish. So, in case that Bitcoin break up the $19,500 USD approximately, we can to entry in long position in that position.
So, the most inteligent it's to awaiting that Bitcoin goes to the $17,900 USD to open up a long position or still consolidate in this range!!!
DOW Target @ $33,000. Gappy Bull Flags Take The StageManipulation or not, I expect this Bull Flag pattern to play out through year end. I think we could see huge one day gains that draw liquidity into the market right before topping out. Eventually, the market has to drop since we have no GDP. Maybe some time around year end we should see the bearish weakness and huge downside potential.
USDCHF - Potential SellsI am highly interested in selling USDCHF if this pair manages to remain below the key structure level marked. My target would be the previous double bottom formation-level marked, remember to always keep your eye on the DXY if I attempt to tackle this pair.
GBPJPY - Not Buying ItI would think the majority of retail will now be expecting buying continuation after seeing this 4-hour structure break and re-test. Personally, I am more inclined on selling pressure down into the key level marked. This will wipe out the majority of retail SL's before flying to the upside. My current bias is bearish but I am happy to flip biases if we see a close above the horizontal line marked.
EURUSD - Selling Trap CompleteMy bias going into next week is bearish for this pair but this can flip at any point depending on the price action we see. Sellers have been trapped twice now as shown, banks may now have enough liquidity to create a strong move to the downside, similar to my GBPUSD analysis.
I will be patient with this pair and allow the structure to shift before I get involved. If we see bullish momentum breaking the horizontal level marked then I will disregard my bearish bias and look for a buying opportunity into the previous highs.
GBPUSD - Channel BounceGBPUSD has bounced from the lower level of the ascending parallel channel, the majority of retail will now be loading up there longs, especially after crossing the key structure marked. Personally, I believe we could potentially see a structure shift like the one marked with a strong push to the downside after the re-test. If this doesn't happen then i will just simply disregard my short bias and flip the bias for longs.
SNAP PredictionSince the election is less than a week away & uncertainty continues to grow due to COVID, I believe SNAP will have no choice but to pullback & fill the gap from earnings last week. Not only is it extremely overvalued, but I don't see it as a good hedge against a possible market correction in the near-term future. The only thing holding it between this 40-42 level, in my opinion, is the overconfidence of investors in the social media sector, however, volume has been steadily decreasing this past week. Another possible reason it's been holding up against a bearish market could be some form of manipulation, but I'm not sure. Heavy open interest with Oct. 30 call & put options is sitting between this key level as well, so that could be a reason for manipulation to eat away at premiums, but of course this is just me speculating. Other than lowered volume, major overextension on the RSI, crossing below VWAP, crossing below EMA20 this morning, & no actual support anywhere near the current valuation, I don't see any technicals pointing toward it becoming bullish. Let me know your thoughts.
GBPJPY - Trade Taken UpdateA follow up post to related idea I shared below, me and the team got in at the manipulation and are now flying to the upside. Fingers crossed we manage to break this key structural level and can shoot off like a rocket, I will keep you updated.
REIT ShoppingIt's time to start looking at some REIT's.
I Bought 2 today.
The "Criminals" have been Trashing the REIT's.
Musical chairs - the game is near to end?Not legal and financial advice; any information provided here is only the personal opinion of the author.
BTC big short 3The manipulation stage is still in process, the same targets from last idea are maintained.
Revenge TradeGeez, it is Tough dealing with these Criminals (Market Makers) on a daily basis!
Bought 2000 shares of ACB , again, on Friday.
CHFJPY - Manipulation IdeaWe may be a little late to the party on this one but I may consider placing a sell limit from the lower time frame order block I have found. What you witnessed was clear manipulation, firstly we saw price drive to the upside gathering liquidity from the resistance sellers, only to convince retail that price was proceeding to the upside, a strong manipulation wick was formed and price died off into its intended direction. We may miss this move completely, I will have to analyze it again on Monday to see how this pair holds over the Asian session tonight.
COT Data - 65% Short
Re: ExperimentI picked a Shitae Stock!
I Sold QD , and, got my Money back.
*AT&T pays a Great Dividend.
USDCHF - Birds of a feather flock together.Not legal and financial advice; any information provided here is only the personal opinion of the author.
ExperimentWhat IF you Bought a Stock, and, actually "Held" it for 1-2 years.
I bought 4200 shares of: QD
BTC - the big shortAfter the recent bull run, many bitcoin analyst target the old time highs (20000 $). However based on my analysis, BTC is in a very important short manipulation zone. The first objective is in the 10832 $, the full potential that I give to this movement is up to the 9475 $, it could continue even lower. The risk/reward ratio's are extremely favourable.
EURUSD 8 Oct 2020 Not legal and financial advice; any information provided here is only the personal opinion of the author.
