Short-long
GBPCHF long before huge SELL off.GBPCHF has potential to go up to 1.14380 or 1.14750 before we see a big move to the down side, we will probably see a new 2 year low.
We have high liquidity that has to get taken off before the drop (marked with £££)
What do you guys think?
Please leave a comment and like the idea! :)
Ascending Wedge forming on BTC 15m chart hello friends.BTC looks a little scary right now forming a ascending wedge in 15m time frame.I don't expect BTC to drop much but might be profitable for SCALPERS .
I think this drop is a retest to 20k and a good place to go long.
PREVIOUS IDEA PATH IS STILL VALID!and expect much higher prices for BTC this week.
good luck all!
Can UJ continue his uptrend?UJ has been bullish for a very long time. On the htf we broke a previous high so a pullback is needed for some healthy marked conditions. My analsysis for UJ is that we could short within a few days to previous demand. When reached the demand zone we need to wait for an internal break of structure so we can continue the uptrend
fake break or ready for bearish timeok lets checking chart focusly
DONT BE TRADE FAULTLESSLY , ZOOM OUT THE CHART AND LOOK GENERALLY.
dear bitcoin break the support of trading range and its can wake up the bear again or can just fake break and after few candles come back to trading range.
ever after news, trader be confuse but the professional trader just be patient and resistance with FUD and FOMO.
its clear we have 2 simple scenario:
first: its just fake break and price come back to trading range
second: price starting the channel cycle and the first support zone its(1.618 fibonacci)
this trading range making lots of money for me i hope it is the same for you ;)
short or longanother idea;)
PATIENT is the key for TRADERS
its clear market in the trading range and the price just playing with resistance zone and show the triangle, ever the patterns help me to trade better in TR(trading range).
after breakout the triangle its easy to understand the price breakout the resistance zone or we can ready for short by PULLBACK,PINBAR AND ENTRY BAR.
TIPS: the price show divergence on the RSI and high probability price can comeback to support zone
NEARing the bottomRecently, I made an analysis on NEAR where it was trading within an ascending channel. It traded inside it for a short amount of time but eventually broke out of that channel and has been trading within the descending channel shown above.
I expect that NEAR will continue to trade inside this channel for the short-term but is approaching a short-term support zone at ~5.17. If it holds, NEAR can push toward the upper bound of the descending channel. If the support does not hold, NEAR can continue trading downward in the channel until its next major support zone at ~4.57.
As always, this is not financial advice and all information is for educational purposes only. Please feel free to leave any thoughts and comments below.
Corn Futures A small update on the corn futures possible breakout of a channel. We have even more confirmation of a channel now, with a total of 6 obvious points, 3 on each side of channel. The breakout of the channel should result in a big movement, I personally believe, it will be a shortside trade, however, we must wait for confirmation before making any major decisions.
BTC Corrective in natureLooking at fibonnaci sequencing - We see an impulse move two - which is rather handsome.
Impulse move 2 respected fib level - 0.618 - then on this move I used the Fibonnaci extension and found the extension level that matched the 0.618.
This price level is on 470-482.
At this level I see a potential bearish move to the next liquid zone. - 433B.
USD/JPY liquidity zoneI shorted this pair from 136.600 on breakthrough through the flag from Wednesday. That was great and easy one. Now I am waiting here for drill this liquidity zone and then I will decide my position.
But also we can open here a short if it break through the 132.500 price and if it bounce from it we just buy. Nothing complex. Just give attention to 132.500 lvl and this one will show you what you need to do next.
Good luck.
Fridrex.
USD/CAD good setupHi there. On this pair nothing special. We bounced from strong and old trendline on July 1st and climbing new heights now. Also crossed old and strong level and entered zone of liquidity. So here we just looking for buy on any possibilities. But keep your eyes on this trendline. If we break through it - then we're done. We will roll from this rock and next stop is 1.20.
Keep it easy with Fridrex.
EUR/USD what's next?EUR/USD is overall in a bearish trend... this minor consolidation period has bullish potential, but we still have to be careful while looking for long positions. I marked an interesting SUPLY area, where plenty of short orders came in.
I will wait for the price to print a cleaner picture before executing any positions. Like i said, i favour shorts over longs, but you never know what happens. If we see bullish price action, i might just shift my focus!
Have a nice weekend guys, make sure to manage your trades before the market close today!
*ALWAYS TRADE SAFE, NEVER OVER RISK!*
Best regards, T.