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.
Manipulation
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.
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
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 - Idea title obvious You just can not imagine how hard it was to bring us here ... 4 banks.
And how useless it will be 4 them at the end. But they did not release it still...
Keep short imho.
I can be wrong, but vol is rising, manipulation level at the extremes, safe heaven is not gold.
At the end nobody interested in physical yellow metal. You can compare diamonds, the same fake market from several manipulators.
Before poof... USD will rise sharply.
This US elections are the main event for surprises.
Not legal and financial advice; any information provided here is only the personal opinion of the author.
GBPCHF - Tough MarketTough market to trade this week, the level of manipulation is out of this world. Im very interested in trading this pair, what I would like to see is a confirmed close below the structure marked to be able to sell it. If we see price shoot to the upside, I will leave this trade untouched.
COT Data - 64% Lonf