USD/CAD - 22/10/2020Momentum shifting to the downside. Seeing a good hold which is starting to reject from a previous structural low. Looking for continued bearish momentum.
Thursday
CHF/JPY - 22/10/2020Looking for a hold on this retest of consolidation for continued bullish momemntum.
GBP/CHF - 22/10/2020Sell Limit has been set for the resistance hold. Levels have been provided.
If you are going to use this analysis to put your own funds on be sure to use proper risk management and tailor it to your own trading plan. Do not risk more than normal as I could still be wrong.
CHF/JPY - 15/10/2020Momentum starting to shift into the longer term bearish trend with this break lower on structure. Put this pair on your watchlist now! Will look perfect for entries this week and next week.
USDJPY: Bullish Trap Whats up everyone?
This is a quick update about my trade from yesterday.
We are looking at the USDJPY pair on the 4h timeframe. We saw a massive bullish trap on yesterdays trading close.
We are short from the top, where the trap happened. Our first position also was stopped out.
Price did break old highs within an hour although no news were happening.
Came back all the way down and obviously even lower within a short time period.
Imagine how much stops and orders were laying above those highs. Imagine how much money was made...
Wishing you guys nice trades and a great weekend!
VIX Spikes (Normal Spikes with Decay harmonic) VS NowA 2008 style VIX superspike is currently building into this market, It has not finished it's double top.
This is the same VIX analysis except the spike to the left is described in it's normal Double-Top with a 1,2,3 decay harmonic.
50/80 Double top can be realistically expected shortly ..
With it 1500 point drop in the DJIA could easily be expected.. And VERY shortly in 1-5 trading days..
1500 point drop around the corner... DJIA about to turtle.. The Secret is in the VIX ... VIX is behaving very differently than it's normal patterns .. It's indicating a VERY LARGE SELLOFF by the end of next week..
www.tradingview.com
This is going to turtle futures point to large futures drop..
Gold: Reaching For New Highs Hey guys,
just wanted to give you an update about a nice trade we took last week. We took a buy on the first correction at the 0.61 fibonacci level as price formed a bottom from the last bearish move. A weak bearish trend line was broken and price respects last price zones (marked in grey boxes) on its way up. We are currently up +170 pips on this trade, looking for the whole swing back up or at least a bigger correction. As always we will keep you updated.
DXY: Happy Halloween Hey guys, wishing everyone a great day.
Yesterday there was halloween and we opened a short at the beginning of the week on the Dollar Currency Index. Price is dropping hard since yesterday. We are already under the bullish trend line and a big daily bearish candle indicates more down side. In 24h will be the NFP so it could happen that price moves back to the top to retest it and then totally fall down..
We are up +50 pips and excited for tomorrows news. Will keep you guys updated.
EURAUD: Short From Now Hey guys,
we are looking at the EURAUD which is currently at the best zone for shorting it. I drew a down trend line where it stays in the 4h for now. Also price is in a first level of consolidation, marked in the yellow box. The high of the box is my favorite 6.81 fibonacci level. Paired with the trend line and the wicks formed in the 4h chart its actually the best moment to short this pair. Using proper risk management and stop loss above those levels price could move a lot lower. Same situation as on other pairs we are in right now. Gonna link them below.
Hope everyones week is going great so far.
