Snipe
GBPJPY 21-1 Snipe EntryThis is a set up I saw on the 1 hour time frame and after some lower timeframe analysis I realized this is an ideal entry on GJ. After missed expectations on Japanese unemployment numbers, I was expecting a retrace back above 153.550, this was not the case. GBPJPY had a sharp selloff and has stair-stepped back into an area I consider safe for a long. Something that sparked my interest was that British home prices pushed up 13.4% YoY which is great for economic breadth. Today Britain also has monthly M4 Money supply reports and consumer lending data which could help contribute to understanding of this being inflationary or growth backed price changes.
YM : Trapped sellersThe gap up on Sunday trapped a bunch of sellers, who would have a strong desire to exit when price comes back to them.
USDJPY Snipe zones : trapped sellers below July 2020 lowA large volume of sellers are trapped at July 2020 lows - who will have a strong desire to exit when price comes back to them - giving us a long entry.
GBPUSD analysisGU is testing critical support and that makes look to enter long with a tight stop. However , if we break below support I could see a nice entry on a sell.
XRP Ripple / BTC Correlation Good time to buy Ripple?
Approaching Halving we almost all expect a nice pump and dump (of some sort)...
If we can hold above 2246, I'd personally say it's a fair bet to get in with some more Ripple. Bitcoin has been rather bullish since the dump to 4k along with nearly the entire Stock Market. My outlook on the correlation between XRP and Bitcoin is rather simple...
Looking Back To Last Halving...
2017's biggest cryptoassets ranked by performance
1. Ripple | 36,018%
2. NEM | 29,842%
3. Ardor | 16,809%
4. Stellar | 14,441%
5. Dash | 9,265%
6. Ethereum | 9,162%
7. Golem | 8,434%
8. Binance Coin | 8,061%
9. Litecoin | 5,046%
10. OmiseGO | 3,315%
14. Bitcoin | 1,318%
Long-Term Entry: 2248 Sats
Long-Term Stop-Loss: 2239 Sats
Will Update With Target...
This will be like the related play below on a much larger time-frame
DO NOT TRADE THIS, NOT FINANCIAL ADVICE :)
DotcomJack
XAU/USD, Jumping the creekWe are in the final phases of wyckoff, we broke above, we are currently sitting on an order block and at the top of the wyckoff levels, I see gold reaching to clear liquidity, i even see an order block that could be 200+ pips, the move is looking sexy, i see some consolidation, I'm waiting for the false break to enter, my trade enter spot is placed below the consolidation on,!
