USDJPYSentimental Analysis = SELL
Fundamentals Analysis = BUY
Technical Analysis --> Had some moment for long before going down
Direction was Right
Didn't triggered
Market
THE BEST PLACE TO BE SHORTING GBPNZDPair: GBPNZD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel
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Key Takeaway: GBP has significant weakness as it is and have been down trending for some time. We have just bounced off the top of the trend channel, high volume level and rounded number level which tells us we are in for another bearish swing
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Level needed: need a close by 1.90325
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Trade: Short
RISK:REWARD 1:4
SL: 40
TP: 150
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
USDCHF ARE WE ABOUT TO SEE A REVERSAL?Pair: USDCHF
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, ascending triangle pattern, pennant
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Key Takeaway: We have broken our upwards trend line and seen a bounce off our resistance levels. We now need to see a push through support and rounded number and we will then be entering short
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Level needed: need a close by
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Trade: Short
RISK:REWARD 1:11
SL: 20
TP: 220
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Pending GDP announcements we could see this...I think GDP will be luke warm at best and we'll not retest the low, nor create a new one because most of our current condition has been priced in.
VIX has a death cross on the dailyWhat Is a Death Cross?
The "death cross" is a market chart pattern reflecting recent price weakness. It refers to the drop of a short-term moving average—meaning the average of recent closing prices for a stock, stock index, commodity or cryptocurrency over a set period of time—below a longer-term moving average. The most closely watched stock-market moving averages are the 50-day and the 200-day.
Despite its ominous name, the death cross is not a market milestone worth dreading. Market history suggests it tends to precede a near-term rebound with above-average returns. (investopedia)
Historically what happened when VIX has a death cross:
Death Cross Date. Spike date Range
8/20 2020 9/3 2020 21 to 41
11/17 2019 12/2 2019-2/25/2020 11-85
3/18 2019 3/22 2019 11-24
7/6 2018 10/10 2018 11-35
4/8 2016 6/24 2016 12-26
4/14 2015 5/6 and 6/30 2015 11-27
5/6 2014 8/1 2014 10-17
11/22 2014 2/3 2014 12-6
So statistically, When death cross is observed, VIX tend to bottom at 11's. After the bottom we tend to see a meaningful spike. Get ready for a great bull run for days/weeks.
NZDUSD CONTINUATION SETUPPair: NZDUSD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, Fibonacci retracement
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Key Takeaway: Seen price break trend line and test support, we have also seen a bounce off 0.5 on the fib retracement level. As USD strength is still all there we will be shorting this pair as we are starting to see signs of a continuation of bearish movement
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Level needed: need a close by 0.61945
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Trade: Short
RISK:REWARD 1:7
SL: 15
TP: 100
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
AUDNZD DOUBLE TOP Pair: AUDNZD
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance
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Key Takeaway: Seen alot of resistance against trend line and a double top form on the 1H chart, once we see a good amount of bearish momentum we will be looking for short entry
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Level needed: need a close by 1.11460
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Trade: Short
RISK:REWARD 1:13
SL: 10
TP: 130
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
Pennant forming Pennant forming
it's consolidating a bit so could go either way.
Most argue in favor of a trend.
New highs? I don't think so.
The daily has has two hanging man or hammers indicating a top.
Personally in favor of continuing trend
SPY Daily chartThe SPY laid out a nasty trap the past couple of weeks. After screaming up on a bear market rally the SPY made a huge gap up. If you take a look at the past months you'll see that most of the reversals after a bull run started with very similar gap. This gap lead me to go short a bit early. I got burned a bit but managed risk the best I could. As you can see the SPY gapped down Friday and closed near lows. This leads me to believe that the run may be coming to an end soon. There is no certainty but with the VIX closing red 10 straight weeks under some pretty tough financial conditions worldwide + lack of volume to support this rally. I think its logical that we may see some downside in the market in the near future.
ETH TO THE MOON BY OCTOBERHello guys, this is an analysis of short-term and long-term...
ETH has broken the resistance of 1280 recently, but it doesn't mean a bull run is coming, so you shouldn't worry about losing the opportunity of buying ETH, there's a GAP between 1300-1700 that should be filled and ETH goes back to the actual price, and the target will be below 1000$...
whenever ETH reaches above 2000$ again and stays there, it indicates a bull run and a new ATH will be patterned...
the current closest target is 1500...
Entry: 1305
TP: 1500$
SL: 1265$
Leverage: 1-5x
Follow me for more ideas...
GBPUSD KEY LEVEL BOUNCE OR BREAK?Pair: GBPUSD
Timeframe: 1W, 4H
Analysis: Round number level, trend line, volume profile, support and resistance
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Key Takeaway: Just hit very significant and long term support and trend line with a double bottom on 4H, GBP is significantly week right now so we are looking for either a break or bounce
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Level needed: need a close by 1.18050(bullish) or 1.17690(bearish)
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Trade: Neutral
RISK:REWARD —
SL: —
TP: —
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
CADCHF PENNANT BREAK CONTINUATION?Pair: CADCHF
Timeframe: 1H, 4H, 1D
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, trend channel
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Key Takeaway: Stuck very well to downward trend channel so we are looking to sell when price breaks pennant and high volume level
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Level needed: need a close by 0.73730
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Trade: Short
RISK:REWARD 1:5
SL: 15
TP: 80
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DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
BITCOIN - Green vs Blue! Who Will Win?Many of you asked me to analyze BTC "log" monthly chart, so here we go :D
From a long-term perspective, BTC is overall bullish trading inside our two (green and blue) channels.
We are in a correction phase, but the question is, till when / where?
📌 We have got two main key rejection zones:
1- Blue Team
* Blue Trendline acting as a non-horizontal support
** Blue 50 Moving Average
2- Green Team
* Green Trendline acting as a non-horizontal support
** Green horizontal support
📌 I also highlighted two more confluences that might help us feel the chart even more:
1- Previous corrections lining up with the Green Team
2- Fast MACD, that would show us the shift in momentum as it happens like the previous correction / orange arc.
Will the Blue Team be strong enough to push BTC from here?
Or will BTC defeat the Blue Team to finally find rejection around the Green Team?
Of course, we will need to zoom in to lower timeframes and wait for the bulls to take over by breaking above the last Weekly/Daily major high.
Which scenario do you think is more probable and why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Searaching for New CoinBased on the levels I wouldn't suggest moving into this unless you are willing to ride the market.
