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Short trend continuation on Eur/JpyIs it possible to see a price compression on EurJpy. In fact the price is moving within the channel between the static support identified by 61.8% of the Fibonacci retracement (placed at 120.05) and between the static resistance identified by 50% of the Fibonacci retracement. Technically, so far, this pair is set downwards. This on short/medium term time frames. With the violation of the EMA 20 daily periods, the price appears to be destined to reach the support area. The one just mentioned. An intermediate target is the support of minor importance located at 120.85. On both daily, weekly and monthly time frames, there was a cross-over of the main EMAs (or 200 perodi with 20). This means that sales on the European currency have not ended. Investors are preferring to move capital to the Japanese currency. This decline is also fundamentally justified. This because although the ultra-expansive monetary policy of the BOJ is already known and has not been changed for a long time. The ECB, according to Draghi's words and the macroeconomic data of the Eurozone, will also tend to be in the coming months more expansive than she already is. Causing a devaluation of the euro. Our target is near the price of 120
by BFCMInvest
TRX TradeDivergences on daily should be good for a nice dead cat. Higher time frames do not suggest this is the bottom yet. Divergences on multiple indicators including the OBV, which is a leading indicator. If divergence fails exit quickly. Bearish trend exhausted for now, with the potential to resume after a return to the mean. Previously failed divergence on the OBV visible in Feb/March. Was divergent without any corroboration at the time. Low time frames divergent as well. 3hr+ Missing right shoulder div on 6hr. Avg entry currently 444 sats on futures contract. Option to add more. SL at recent low 426 First target 500-530 FIlter system I use shows neutral daily bars for several days in a row with divergence. This allows me to open positions. These are Journals of my own trades. This is not financial advice. All information provided for educational purposes only.
Long
by Nevermorejk
USDCAD: trying to make sense of the madnesssince the beginning of April Ucad has been stuck in a 104 pip range and has created confusion with my analysis. however, I believe we are looking at a stretched out flat correction starting 7th march to now so we can get our final leg up before we get the expected drop. the pattern that was developing during the month of April I identified to be a WXYXZ and will expect a move down to around 1.3280 (monthly support) or even 1.3250 (next major support level). what would be ideal is seeing a move to the downside to confirm my analysis and i would be able to look for opportunities on the 1-5 min time frame.
Short
by lafayettej
1
ETHUSD MexOriginal post on Twitter & Discord. Fast entry on rejection of new highs. This is a journal for my own records. Divergences on 1 & 3hr + false breakout with rejection. Fast market entry. 3rd attempt at trade. Current profit is 8x loss from stops on previous attempts. First attempt was on RSI&MACD div on 1hr + exhaustion, but was opened after signals had begun to play out. Risk was full size position with max $ risk and no room to add to position. Small movement up was able to stop it out with no slippage. No div on 2hr&above. Was a decent trade, just obvious, so - many took it - and those stops at/above high were hunted by market. And held too much risk for an early entry. Second attempt was on hourly close under previous high. Early entry with breakout/false break likely. Stop at highs with low $ risk and 1/2 normal size position. Stop triggered at high, with no slippage. 3rd attempt had divergence on the 3hr RSI & Macd with extended divergence on the hourly + Exhaustion, and false breakout to new high. If you want to trade Cryptocurrency futures and swaps with a discount DM me for a link to save on fees while you trade. This is a record of my trades. This is not financial advice. All material is provided to educational purposes only.
BITMEX:ETHUSD.PShort
by Nevermorejk
The crude broke the upward resistanceThe price of crude broke and confirmed the upward break of the resistance area between the low area identified by the two EMA 20 and 200 daily periods. Two EMAs have crossed upwards, at about $ 59.20, and the high zone, where finds at 61.60 $ the 23.6% of the Fibonacci retracement. From resistance to support  Technically all these resistances have become key supports, if they were violated to the downside, would resume the downtrend that began in October last year. At this moment, however, the trend seems to be at least long in the short term. The next target for crude oil should coincide with the static resistance at 66.10 dollars per barrel. From the current price, to the resistance just mentioned, there is only a minor level that could hinder this uptrend, the secondary resistance placed at $ 63.45. In any case, for now, it seems more likely that it will continue for the 66 $ rather than retrace it back into the 59/58 $ area. Fundamental view  On a fundamental level, the data on inventories continue to not improve, with important quantities still kept in storage because of  the low demand. Production shows no sign of stopping. Despite this, the price of oil continues to rise. If it reaches 66 dollars per barrel, we will evaluate the possibility of entering short and keeping the position in the portfolio for a prolonged period.
NYMEX:CL1!Long
by BFCMInvest