US30 SELLI'm currently in a us30 Sell
Reasons:
-There is huge gap that needs to be filled in the 33900s area (market exhales and inhales to balance itself out)
-I've noticed buying pressure has lost momentum for about 7.5 hours since the rise that took place new york session
-1min has broken price structure along with 20, 50 and 200 ema crossing paths (usually happens we are about to change direction)
-Price is rejecting the current 4hr, 1hr, 30min Resistance
Sellzone
I shorted this baby without telling my VIPs!These are Class C- trades. I design a Class system to differentiate trading setups and their value.
Indeed, I do not trade Class C most of the time, but I do trade them occasionally.
Class C generally don't produce a profit factor of 2 for my final target, so why do I still do it?
Boredom? Maybe
Like to earn some money? Maybe
Seek Trill? NO WAY
Trill seeking I'll do over my PlayStation, VR headset(wishlist) or Casino.
I treat trading as a profession, not gambling!
USDJPY-Weekly Market Analysis-Feb23,Wk2My mid to long term bias on USDJPY remains Bullish, however, I'm looking for an Aggressive shorting opportunity for my short term trading plan. I'm waiting to engage the trade at 131.38.
GBPUSD-Weekly Market Analysis-Feb23,Wk2GBPUSD is on a Bullish Trend, however, I'm waiting for a counter-trend trading opportunity and waiting for a shorting opportunity at 1.2264. One of the reason is because it lands within the sell zone and the precise level is due to a more advanced charting technique that I want to keep it simple.
CRYPTO CRIPPLED?Bitcoin bounces off $25246.29 which is the new resistance. Btc is down -60.74% since march 21th & I currently see it dropping another 100% in the coming months the way the chart is structured currently.
Rising US yields are applying a visible downside pressure on the pricing of cryptocurrencies. The latter hints that this alternative asset class may not be immune to the rising interest rates and a tighter monetary policy environment globally. We could see the downside pressure building stronger in the medium run, and cause a bit more bleeding as the Fed walks towards concrete tightening.
There is also the fact that higher energy prices make crypto mining more expensive. So that’s also a fundamental reason that prevents Bitcoin from being a safe haven asset in the actual environment.
Going short on CHFJPY! Happy Sunday!!
This week we are starting off with a sell on CHFJPY! As you can see from the chart we are seeing rejection at the 140.970 area. We have placed a sell in hopes of seeing price hit the previous support area 137.745 area! Only downside would be if price were to continue to the up side! But only time will tell!
Let me know your thoughts!
Thank you!
AUDJPY TRADE SHORTTook this trade after retest of a zone,135 pips secured,saw a bullish engulfing candle and decided to close the trade,25% up this week
USDJPY-Weekly Market Analysis-Jan22,Wk3In Fear of the Debt Limit, traders might flock in for a shorting opportunity. The perfect shorting price for me will be at its key resistance level within the sell zone at 128.33.
I'm still optimistic about the US Dollar Appreciation until March 2023.
USDJPY-Weekly Market Analysis-Dec22,Wk3The Bullish bias that I had on USDJPY still stands, but this week, I have a counter-trend trading idea on this pair, a shorting opportunity at 138.85 as the Bearish Gartley Pattern setup within the sell zone.
USDJPY - Will You Short it?Will you short this kind of setup? Sell zone set up at the brim of the entire setup; since I've been waiting for a counter-trend move, and this validates it, why not?
Take note there is no candlestick pattern confirmation or RSI at Overbought. Something to take note of.
USDJPY-Weekly Market Analysis-Dec22,Wk2I remain bullish bias on the USDJPY, but I can still look for a counter-trend move for the time being. At 136.67, it gives me a shorting opportunity potential, so long the market doesn't break and close above 136.88, I will be looking for a shorting opportunity when the market opens.
EURJPY - Bearish Deep GartleyTwo things can happen, we can engage that trade at the market(now) or wait for the Bearish Deep Gartley Pattern to complete.
Why Wait?
I'm not comfortable seeing RSI going higher while the chart wasn't; I take that as a warning sign(check out the yellow eclipse at the bottom of the chart).
I trade with 1 of the mindset. I would rather miss a trade than engage in a low-probability trade.
EURUSD monthly zone hit Short EURUSD
The market has low bullish momentum we are expecting a Short trade . On monday
The bears show momentum and also the confluence with the major time frames makes for an Ideal trade set up
expecting rejection price from the base zone to be dumpif we see there is price rejection was before and second times coming as well from the level oz base zone soon we know what will be SL or TP
GBPAUD END OF WEEK SHORT TRADE IDEA!Multi time frame analysis of GBPAUD is pointing to a nice short area around the resistance of 1.78! The areas highlighted is a rough area of where I'm looking at taking a trade from, I do think we will see a downside move very soon even if its just short term... Good luck and have a fantastic weekend!!
Thinking About Buying/Selling GBPUSD ? This will help you :)You will see by reading my previous posts this pair has been moving exactly as expected since hitting the lows @ 1.04 it's been correcting at the predicted levels like clockwork picture perfect lol
What's next you ask ? As wrote in previous posts the SUPPLY/SELL zone at 1.21-122 is a target we got a small reaction at the 1.20 previous support/low I expect the market to pop back up towards the 1.21 area so I will be looking for my indicator to give a SELL signal on a time frame from 4hr-daily ass price goes above 1.20.
The first easy target will be the 1.16 previous swing high in current up leg we also have a newly created weekly DEMAND/BUY zone around 1.15 so this will be target area. You will also be looking to buy back into the up leg at this level too.
Let's see how we go read my related posts on this pair
COST, Another clean short set up !COST is offering another clean short set up.
After proposing a beautiful and profitable Quasimodo pattern , COST reached to our first proposed take profit target ( See Related idea for details). After hitting our target , COST started a rally which is beautifully an abc form of counter trend correction . This abc form counter trend correction hit 0.618 retracement level of previous decline . Mentioned previous decline which was our short position is beautifully 12345 leg down therefore in terms of Elliott waves, every thing is it's right place to go short.
Moreover, stochastic indicator is in overbought zone in daily time frame which may be a good signal for possible trend reversal.
Please note two cluster of Fibonacci levels can be seen on the chart. COST has reacted well to first cluster which also nicely coincides with down trend line shown on the chart. This down trend line is a valid one since it has 3 rejection in it's history and yesterday hit might be the 4th rejection.
Trade set up and information were also added to the chart. Please note that besides all these bearish evidences , our proposed set up may not go well therefore I kindly ask you to set stop loss carefully . As explained on the chart, if you can tolerate more risk it may be a good idea to set stop loss higher at 565 USD. Our take profit targets show our Reward to Risk Ratio is extremely high so I think it is good to take the risk.
Good luck and wish you continuous profit.
NVDA, What is most likely future path ?Mighty NVDA reacted strongly to our first proposed support and first large down going wave might have been completed.
As shown on the chart , Major down going wave from ATH to last major low can be labeled as 5 leg down 12345 with wave 4 as inverted flat ( See related idea for details). Confirmation for completion of wave A is a trade above labeled wave 4 high and in this case we are now in wave B which is a great profitable counter trend correction to the major decline from ATH.
If true , What are major resistances on the NVDA's road map?
I showed less strong static resistances with orange while more strong ones were shown by red. Red static resistances coincide with 0.382 and 0.5 retracement levels of major decline from ATH . This makes these resistances important and noticeable. Moreover, 50 and 100 weeks moving averages coincide with 0.382 retracement level which makes this resistance even stronger therefore and for now, we should consider 195 to 208 USD resistance zone as a really important strong resistance area.
Please note counter trend corrections normally have 3 legs and NVDA is still in first leg which shows NVDA still has much room to go up if we are truly in wave B. It is wise to keep in mind that before taking wave 4 out, there is chance for this rally to be just counter trend correction of what has been labeled as wave 5.
while we are very close to NVDA's earning report, stochastic indicator is in overbought zone and please note time frame of chart is weekly therefore upcoming ER has very strong impact on future path of the stock.
In this proposed scenario, entire correction of NVDA will end around 70 USD after completion of 2nd large down going wave which has been shown as possible wave C with dashed arrow on the chart. Although I showed this possibility on the chart, it is too soon to talk about it especially in detail. If necessary, we will come back and make our updates in appropriate time .
Please do not hesitate to ask questions .
Wish you success and profits.
this is idea for gbpusd supply zone coming soon on topI'm expecting to find someting on the level confirmation to sell if the price get break the supply zone it will go to high top zone but atill have time to looking for sell zone from the supply area
Head and shoulder As we can see there is an Breakout of Head and Shoulder Pattern now just wait for Proper Retest and Conformation.
Trade safely my Friends and let me Know your views in Comments.
UPDATE ETHUSDTIn the previous analysis, I specified two areas for buying, but because the first area penetrated more than the number I wanted, the analysis was changed and the lower area is the best place to buy, but now the best place to sell.
ethusdt best price for sell.you can sell around heresell from here to 1122 in eth.get a lot of money with my idea...
USDJPY-Weekly Market Analysis-Nov22,Wk1A Potential Bearish Butterfly Pattern is looking to complete at 147.95. A candlestick pattern confirmation is still as important as looking for a trading opportunity.
Do note that on the higher timeframe, I'm still looking for a buying opportunity.(check out the related article at the bottom of the tradingview post)
