USDJPY: Potential Big Move to the DownPrice breached below the sliding parallel of the median line se, and is now pulling bck into a correction heading to a key resistance zone to watch for sell setups. In this video we analyse how the uptrend is weaking and all the confluence we get in the sell zone after the breakout below key support.
Feel free to comment and share your thoughts. In addition let me know if you enjoy in general video analysis instead of post ideas.
Have a nice weekend,
John
Medianline
BitcoinCash: Short Term Sell & a Key Support for BuysIn this video I cover two potential trades - a short term one, and a huge buy one! Price is being moving into a rising channel finding resistance at the upper parallel, dropping into an impulse move. A pending bearish bat pattern is being developing which is the short term opportunity I was talking about. A bearish RSI divergence is adding to our short term setup. Our main view though is bullish. In case price retraces to the lower parallel of the channel, we should start watching for a buy setup completion and see if you join the rocket aiming for the $2800 level or even higher. At the lower parallel of the channel we have confluence with previous structure, which makes our support even stronger to hold.
Feel free to like, comment and share your thoughts.
Trade with care,
John
AUDUSD: Breakout of Channel Open Doors for LongsIn this video analysis, I highlight a potential buy opportunity after price broke above a descending channel, bouncing from a key support level - the sliding parallel of an upsloping median line set.
Feel free to like, comment and share your thoughts.
Trade with care,
John
Gold: Two Potential Scenarios on Going LongIn this video, we may see two way we may trade gold in the upcoming week. Price is being moving into a rising channel, strengthing into the overall trend, and after an impulse to the upside it is now developing a correction moving to the down. In the hourly chart we identified a key support level where we may watch for a buy setup completion. Otherwise we may just wait for price to break above the rising channel and see if we can get a pullback to the upper parallel where, once again we should start looking for longs.
Feel free like, comment and share your thoughts.
Trade with care,
John
NZDUSD: Pending Bearish Cypher at Key ResistanceCyphers keep appearing in the USD related markets, with this one completing at a key resistance level - the quartile of a descending median line set.
Setup: Sell
Entry: 0.69370
Stoploss: 0.69743
Profit targets: 0.68779, 0.68339
In case price reaches the first target we move sl at breakeven to the second position
Trade with care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
AUDUSD: Pending Bearish Cypher Pending bearish pattern with D point completion at the sliding parallel of a descending median line
Setup: Sell
Entry: 0.76585
Stoploss: 0.76957
Profit targets: 0.76114, 0.75824
In case price reaches the first target we move sl at breakeven to the second position
Trade with care,
John
DISCLAIMER: You are solely responsible for your trading. The possibility exists that you could sustain a loss in excess of your initial investment.
SandP 500 E-Mini Futures D CME Updated 11/15/2017 Price has broken now the lower blue median line. Look to see if price will continue down to support and 2545 and see what it does. We had multiple tests of resistance at the sliding parallel, and now we are drifting out of the fork which is a bearish sign.
SandP 500 E-Mini Futures 60 CME Updated 11/13/2017 Price did as expected and mentioned in my last post on this timeframe. I had mentioned price shouldcome up to 2585 or 2580 then give a signal to possibly drop. We now are at support at 2571, but it appears that it may break. If we do break here, look to the median line, and also 2565 as support to show if it may continue to the upside.
Litecoin: Breakout of Correction Open Doors for LongsPrice broke below a corrective structure after bouncing from a long term support level. It is now consolidating and sooner or later it will start climbing towards the 95,000 area where we previously meet the highest level of previous impulse. Keep an eye for a buy setup completion at current level.
240min chart (end of correction):
Ripple: Rejection at Support Level Ripple has been in a correction since the end of May when the fast impulsive move to the upside ended and all we do day in and day out is to try to find that level where price may find support and start climbing, ending the corrective structure. Looking now to the daily chart of Ripple we may see that the lower parallel of the median line acts as support rejecting price. In case you hava a buy setup completion, buy Ripple as it has a tremendous potential to the upside.
Bitcoin Cash: Is This the Sweet LevelIt's not a secret around traders and investors that Bitcoin Cash is the next big thing and everybody try to spot the best possible level to join the rocket. A simple trend line into the hourly chart indicates that buying around the 1200 level is the sweet point to go long. In case you are a firm belever that Bitcoin Cash has a potential like the one bitcoin showed us, just ignore profit targets.
SandP 500 E-Mini Futures 60 CME Updated 11/10/2017 Price has broken down and hit the median line, then rose up to resistance at 2585 which is also previous resistance, and came back down to hit support at 2571. Price is choppy now, and volatility is increasing to the downside. Price may come up a bit more before trying to make another move to the downside. Look to see what price does at 2580 and 2585 levels.