Pipphenes
GBPCAD Long Weekly SetupWeekly trendline looks to be holding.
Waiting to see if we can take a long opportunity this week.
GBPJPY - Monthly, Weekly, Daily, H4 - ChartNot getting into all the details here on tview.
Monthly (Purple)
Weekly (Blue)
Daily (Red)
H4 (Green)
Support, resistance, major trends.
Simple Four Timeframes.
Waiting for a great long opportunity over the next few weeks.
BTCUSD Long 11.5K Looking to reenter our long to 11.5K
Keep your stop tight - Always use a SL.
BTC trades have been absoulute fire recently.
Kindergarteners Outlook On XRP - Long! We have been actively trading and watching XRP.
We were able to catch some shorts from around the forty-cent region.
XRP it currently resting around its trend line low -
XRP is a much more difficult asset to try to do TA on. It’s not even possible.
However, XRP does move in pretty consistent pattern.
The reason XRP cannot be TA’ed is because the way it works. Its not a market only decision asset at the moment. The Escrows among other things make it an explosive asset. We may go into this further later.
Basically: the market doesn’t really have full control of xrp, included in the reason is the fact that xrp doesn’t work like any other asset in the markets.
Also please keep in mind that cryptos are not the same as stocks. Market cap is not what really matters. The technology behind these cryptos give them a utility aspect as well. And of course the entire market is completely manipulated by whales and is mostly unregulated. (don’t get us started with the USDT mess) a bunch printed then deleted yesterday because of “error”.
Back to the point:
XRP is currently at the bottom of its multi-year trend support line.
We would hope to see xrp bounce up from here. But if it did drop below it could be in trouble if I breached below a major support region around .293 cents.
Now taking a closer look into price action on daily over the last few weeks/months:
We can see a clear test and bounce from that very strong multi-year support trend level.
As we see BTC breaking bullish and maintaining 10k+ levels we should start to see alts follow along.
So here’s our very kindergarten version of what we expect from XRP.
We are heavily invested in XRP. Now is a great entry price. And we will leave it at that.
EURGBP Favored Setup & Trade This MonthEURGBP Short.
Fundamentals can be tricky due to the UK, however, technicals are great.
Long term short position #2 entered.
Momentum is running out, the significant level is still holding up nicely.
BTCUSD Short to $11,600 Potentially Even Breaking Below $11.4K Looking at a short entry on BTC/USD
We have tested the 61.8 Fib level and btc could use a pullback.
We see BTC pulling back down to the $11.6K area. Almost exactly $11,600 (we will use it as our target)
Give your SL some room, and ALWAYS USE A SL.
If you don't know how to use an SL with say Bitfinex please google how to place a stop. It's Vital.
USDJPY Short This is one of the two trades we are in with USDJPY.
This is the short position we are in. It's hedging our Long.
Max lot size 0.05 per $1k balance.
H1-H4 Timeframe.
GBPAUD Long (H1,H4,Daily) Entering a long on GBPAUD
We are using a buy limit. We are not entering now.
Look at the H4 and even H1 of this chart to find the entry we are looking for.
USDJPY Premium SetupLong UJ
JPY weakness will come someday.
DXY Strength in the short term, as posted earlier.
There's a slight H&S that needs to complete also, (inversed)
GBPJPY Long JXY will eventually correct and drop thus XXX/JPY pairs should go long (in theory)
Now BXY (GBP) is also positioned to gain strength, thus GJ should start on its next leg up.
CXY Weakness Continuance? Expecting CXY to lose a bit of strength this week.
Continuing to watch it play. Just something to keep in mind while dealing with CAD pairs.
EURCHF Short Odds Are InShorting EURCHF the odds are there.
6/10 rating on the setup.
Hardly a chart setup, however, it's essentially that simple.
