GOLD continues the descent...and UP againas I told you last week..." GOLD will make a range in this area and after ... UP AGAIN!
As you can see, GOLD has been "playing" for a few weeks between the Fibonacci level of 618 and 0.5!
any closing week above one of these levels ... can give the future trend for GOLD!"
THIS WEEK...GOLD closed below the Fibonacci 618 level and I am preparing for SELL around the Fibonacci 786 area, that is, until 1756 ... from there UP AGAIN!
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
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GOLD RANGING...AND UP AGAINas I told you last week..." GOLD will make a range in this area and after ... UP AGAIN!
As you can see, GOLD has been "playing" for a few weeks between the Fibonacci level of 618 and 0.5!
any closing week above one of these levels ... can give the future trend for GOLD!"
THIS WEEK...I will keep my BUY trend until GOLD closes under Fibonacci 618 on the one week chart!
THIS WEEK...I will keep my BUY trend until GOLD closes under Fibonacci 618 on the one week chart!
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
GBPUSDAs I said last week, GU climbed and rejected the most important area created since the beginning of 2008!
Except for a short period in 2018 ... GU has never managed to break this area since 2016 when it came down under it! considering the W pattern formed on the 1 month chart ... I will look for a megaSELL in this area of at least 700-1000 pips in the next period!
The safest entry is a red candle closure this month! however ... a close for even 1 day over 1.37500 will open the way to the 1.45000 area
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
EURUSDAs I said last week, the EU is in a strong upward trend supported by macroeconomic problems in America! now it is in a very strong area from where I expect it to reject and descend again to the Fibonacci 618 area! however ... a close even for a day over 1.21800 opens the way to 1.25
NOTE: this pair may be influenced in the short term by any news
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
and please don't forget ....This is just a trend analysis! Please, give a LIKE if you find this idea useful!*
*This information is not a Financial Advice.
GOLD RANGING...AND UP AGAINthe gold reached the Fibonacci 786 area, rejected and climbed to the Fibonacci 618 ... and from here we expect a maximum correction to the 1824 area and a strong climb to 1847 and after ... 1875.
!!!!! my advice is not to play Gold until after the news on Wednesday, December 16th!
if the stimulus to the population is approved and the vaccine is successful ... gold can go down by 1000 pips until Christmas!
NOTE: this pair may be influenced in the short term by any news about the vaccine or FOMC Economic Projections!
GREAT ATTENTION: our analyzes have an accuracy of over 80% but due to market manipulations during this period we will avoid putting exact values on SL!
we also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
if our analysis is helpful please give a like and subscribe to the page.
Thank you and I wish you a profitable week.
*This information is not a Financial Advice.
EU Signal Update (10/7)Oct 7
New Signal
EUR/USD
Sell, Short
Entry: 1.0999
Stop-loss: 1.10250 (-26 pips)
Target: Open
This is a risky trade. Short interest is up 32% today alone for Euro sell positions. I feel from backtesting that 1.1 is a strong enough price for supply to suppress volume , making the overall bias as bearish . We're joined by a lot of other retail traders in taking this trade, which can result in being targeted for stop-hunting. If we are stopped out, re-entrys are planned.
Oct 7
Trade active: EUR/USD Update
Instant decline in price, getting us +10 pips without any drawdown whatsoever. Stop-loss should be moved to break even at 1.09788, which is 10 pips away.
Oct 7
Trade active: EU Signal Update
Trading +18 pips in profit without a single pip of drawdown. We've moved our stop-loss to entry (1.0999) for a literal risk free trade.
Oct 7
Trade active: +22 pips
Oct 7
Trade active: EU Signal Update
Price has begun to deteriorate from our entry just below the key level of 1.1.
We're currently floating +30 pips in profit. Considering there was no drawdown whatsoever, taking partial profit is suggested. Our downside target is 1.088 (+118 pips) which is the previous low in the longer-term trend.
an hour ago
Trade active: EU Signal Update
We remain in this trade from yesterday, up +25 pips after a push higher during the Asian/Sydney sessions.
BTC/USD - Live UpdateIt has been a busy weekend on my end hence I did not post any new analysis/update any of my existing content, for that reason I want to post a new analysis with my updated thoughts as my previous primary analysis went against what I had predicted, so I will try again and hopefully and attempt to gage the market condition properly this time. Bitcoin has had some great pumping which was done in such a way where it was so subtle that it looked fake, but it indeed pumped! I was almost taken by surprise actually. Obviously no short position was taken due to the pump earlier in the weekend, and no long was taken either as I was not sure if the pump was legitimate due to Bitcoin's technical position in the trend. So, no loss, but no gain either. I did however buy a few altcoins over the weekend which are now all running into profit which compensates for missing the move I suppose :-).
Bitcoin is trading at 6597 as we speak, which directly coincides with a resistance zone that has had an affect on price since the 20th June. If price breaks above the resistance zone, more specifically the actually monthly high at 6844, it'll be the highest prices seen in over a month and this is great news for the coin. Naturally, if price breaks the resistance zone we don't want to just jump in. Let's wait for a retest of the resistance zone to be retested as a support before jumping in. This is so that we are not buying on an overextended pump leg where the stop loss would have to be huge already, also a retest on the resistance zone turned support would prove that the pump was legitimate and the bull run also has some longevity to it, which fake runs usually lack.
An alternative scenario is that the pump pauses at the horizontal resistance zone mentioned. It corrects to the side-wards support line of the triangle found at 6480 or the bottom boundary of the triangle at 6240, or lowest pullback could be the horizontal support zone at 5790 before going up once again. I see a retest at approximately 6480 or 6240 as ore logical and I doubt we'll see the horizontal support at 5790 again for a while.
Where do YOU think price is headed? Feel free to leave a chart and comment in the comments section so we can share our thoughts!
I will update this analysis as Bitcoins moves progress.
Please leave a LIKE and FOLLOW, I'd really appreciate it. :-)
Thank you for your support.
BTC/USD - Buy Opportunity Is NearWhats up traders,
Here we have BTC/USD on the 4H chart.
Price recently began a corrective move to the downside after a strong upside move. Since price has been correcting, there has been a gentle down move which I suspect will not have much steam behind it.
At this present moment, there is 2 major levels I have in mind for BTC/USD for a correction. We would prefer see the correction higher as this increases the likelihood of the up trend continuing, and I have a few areas in mind. I am now putting my bets on the correction ending at latest, at 14495
The correction levels I am expecting price to hit are:
- 15170 - This is the preferred correction level as this would mean price was supporting on the 20 moving average. On the previous large cyclic move, price supported on the 50. This support on the 20 moving average implies that price could be preparing for the up move, using the 20 moving average as a launch pad.
- 14350 - A correction to 14350 would be the most likely in terms of probability and trend integrity. 14350 is the level which coincides with a sideways support channel and also a key Fibonacci support retracement level. This would be an excellent launch pad for price action to prepare for the new big up move.
A move to 14350 would be a steeper correction, but it would retest a major structure level at the same time. I personally want to see price land on the 20 moving average and get aggressive (Which might be possible with Bitcoin futures around) but I won't count on it. I will watch the chart and trade what I see and not what I think.
I will be updating this analysis as it progresses.
BTC/USD - Steep CorrectionWhats up traders,
Here we have BTC/USD on the 4H chart.
Price recently began a corrective move to the downside after a strong upside move. Since price has been correcting, there has been a strong down move.
At this present moment, there is 2 major levels I have in mind for BTC/USD for a correction. We would prefer see the correction higher as this increases the likelihood of the up trend continuing, but this might not be possible as price action currently looks like it will fail at the preferred correction area. I am now putting my bets on the correction ending in the support zone (correction level #2) at 11880.
The correction levels I am expecting price to hit are:
-14100. This is the sideways resistance level turned support. A retest on this level would confirm the long term uptrend resistance is broken and not Bitcon can trade freely without structure restrictions. It currently looks extremely weak and I do believe that if price breaks below 12900, then this structure has definitely failed. For now, it could still retrace, but I wouldn't hold my breath.
-11880. This is the last major structure support that Bitcoin had. This level is a strong support and will likely be the level that will catch Bitcoin as it tumbles. I am putting my bets on this area being the level where price bounces and begins a new upside move.
A move to 11880 would be a steep correction, but it would retest a major structure level at the same time. So we want to see this happen. If price breaks this level it could show a lack of integrity in Bitcoin uptrend.
I have also tagged my other recent Cryptocurrency ideas in the related ideas. See the related ideas at the bottom of this post. Please give all my content a like as it motivates me to continue posting.
I will be updating this analysis as it progresses.
USD/JPY - Opportunity To Short?Hi traders, hope you're having a good start to your trading week.
We have a nice setup forming on USD/JPY on the 4H chart, with a breakout trade.
I analyzed this chart and I have discovered that price appears to be in a 3 wave pattern. Price had impulse down leg (See chart for details), had a
corrective up move, and now has now started a down leg. I am expecting the new down leg to be equal to the length of the first impulse down leg.
With this logic, I was able to predict and plot the next move on the chart. I have replicated a down leg that is equal to the impulse leg, to determine where I expect price to move to. After seeing a nice pullback leg, I was then able to replicate the leg, knowing that the corrective leg had found it's top, which coincides with the resistance line above price. (See chart for details)
I am expecting a down move of 110 pips, which will complete at around 109.90. This is under the provision that price successfully breaks much more reliable move than a breakdown without a retest.
I do not consider this trade to be valid to create a new position at this time, unless it breaks the horizontal support. So bare this in mind. It would be more ideal if price breaks 111.20, then retests the original support as resistance and then breaks down. This would be the right place to be considering a position in this pair.
There was an entry opportunity many hours ago which was taken, but since price moved a lot since then, has now expired. We now need to see a support level break for any new position to be considered. Entering now will have too wide of a stop loss, and is not worthwhile.
The target price is not only a measure move price of the impulse down leg, but also coincides with a parallel channel sideways support. This could be a good place to watch for long opportunities, if price bounces in the near future.
The calculation is simple, I have simply measured the first impulse leg, replicated this leg and placed the leg to where the the correction ended. Then I had a measure move target.
Those of you in my Telegram signals group will already know about this one. And we are watching the trade and waiting for it to become further favorable for us.
I will be posting updates on this trade as it progresses below. So leave a like & follow so you can keep up to date with this analysis.
If you have any questions or queries, feel free to connect with me.