Today, I’ll be considering the possibility of a 70+% retrace to the upside using the TGIF (Thank God it’s Friday) setup. This usually kicks in by the London or NY-AM open if it’s going to happen. If we don’t see more downside and traders decide to close out their short positions from the week, we could see an upside move. I’m watching for a market structure shift...
after data release now put your call orders at 1.0610 to confirmation and let it run to 1.07 tp Enjoy the Weekend !!!
Updating my chart as it seems to be followed by a few lately and has proven accurate since breakout in Nov.. We may see a quick (C) down to the confluence of support (Trend, Fib and MA) which would constitute a spike, though it may have enough buying buoyancy to be rather shallow. Once correction is complete, this week will show the beginning of a W5 up to the...
MONTHLY Price is sitting at a Monthly high zone. Very very strong Supply & Demand zone as you see, acting as resistance. We did not break this level since February 2016. Also nice -68 Fib completion which means a lot on the Monthly. We are definitely interested in a Short set-up.
After Brexit talks get ANOTHER extension the pound rallied on the open last night pushing most of its counterparts back to key levels. In doing so with cable we have created a strong intra day trend here presenting a good SELL opportunity from this area. Expected the pair to move up and down at first and be prepared to hold. We are live in the trade and wait for...
Waiting for retest off untested gained support. Stop at 10117 take profit at 10205/10220 Trade Save!
BTGUSD Next Short Set-Up from Here The wider spread compared to BCHUSD has seen volume shrink away on this pair and swell on BCH. But it's still a good shorting vehicle nevertheless. It halved from 26 to 13 in a matter of days for example. "No coin is ever too low to sell" - to update a W D Gann quote for the 21st century. The downtrend is still strong here...
ETHBTC This has been a good short through most of August, down 20%+ from the 542 break level to 426 now. There was a second chance to short again from the lower green arrow as it broke the continuation pattern at 46 which has yielded close to 10% this week. But it's making a little double bottom here and the near term downside target has been touched...
NEOUSD Update and Next Trade Points It's been a week since the last scan across the top 20 or so coins. A lot has happened in 7/8 days. Remember that no coin is too low to sell and likelwise in a bull market no coin is too high to buy. Remember also that we play a game of probability. Some play momentum and volatility and some play hunches and mistaken beliefs....
GBPUSD Sterling has spent all of August in free-fall. After breaking below the support line at 1.3029 it's finished the week right on the next line of support at 1.2766 after a low on Friday at 1.2723 . It should counter-rally some more from here, potentially as high as 1.2928-1.2957 at best before it comes off again back to current levels at least. On the...
Patiently waited for the bull (R.Angle) ascending triangle to complete on 4h chart, with MACD convergence made the trade simple. Strong bull candles on previous days recommend to break through and move forward, Loaded up @ 1.7187 with RR=1:5. Will evaluate the trade during and after. Happy trading.
Use the chart to find entry and look at the key levels for indication for the next move.
WTI USOIL: June 3rd Trade Points for Week Ahead Good call/bad call last week here. Was looking to close out the short as the week began at around the 66.48 line and then reversed long from here looking for 69.48. A forlorn hope.The rally got as high as 68.63 before failing away to end the week 1 pip below the next key support at 65.55 - and busted out...
Saturday Update Take Profits/Next Long Set-Up Ripple has had a nice break since busting the neck-line and is now testing the first line of reisistance at .6493 It really needs Bitcoin to break above 7735 for it to power ahead from here to the next resistance line at 6921. Can take profits here and get ready to go long again once .65 is taken back by the bulls...
1st Sign of seller's failure is during 2018-04-13 (UTC+8) 17:00 which couldn't break its own record from the previous low. 2nd Sign of seller's failure is during 2018-04-17 (UTC+8) 21:00 which price did not went down, created a FAKER! 3rd Sign of strong BUYERS showed up forming a V-Formation. Note: Counter trend trade is carry out on this ( It is still Sellers...
Amazon AMZN Short Set- Up We've seen this pattern so many times before in Bitcoin...just 100 times faster. It's the best practice you can get for life outside crytos, life in the slow-lane. It's broken the parallel and now is trying to sneak back up the underside. This pattern usually signals that this is going to break to the downside very soon now. When...
Bitcoin Coinbase Chart Breaking Higher Again 10:42gmt/05:42est It's popped the upper parallel and is now in process of trickling back down the same parallel - so now we need to see a higher low set on this decline - maybe at 10333-10300 and if not off the lower dynamic support line...that is the signal we need to get long again from here. So far this looks...