GBPJPY - Something Big Is Cooking!Hi, This is the Daily view of the GBPJPY and I am not sure if you have seen this or not. But it's a very nice setup! You can see the same pattern on 1 hour or 30min timeframe from where it started falling today!
So it's just a overview, do let me know about your thoughts!
Trade
GBP/AUD Short, EUR/NZD Short and GBP/NZD ShortGBP/AUD Short
• If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/NZD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/NZD Short
• If price impulses down below our area of value, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/CAD Long, GBP/AUD Short and AUD/NZD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/NZD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/CAD Long and AUD/NZD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/NZD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/CAD Long, CAD/JPY Short and NATGAS/USD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CAD/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATGAS/USD Short
• If price impulses down below our most recent low, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
CAD/JPY Short and NATGAS/USD ShortCAD/JPY Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NATGAS/USD Short
• If price impulses down, it does so in a convincing manner and a subsequent tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
🧠Short-Term EURUSD Sentiment🔥
According to the latest currency news headlines, short-term sentiment towards the Euro appears slightly downbeat against the US Dollar. While both economies face inflationary headwinds, recent data surprises have painted a relatively weaker picture for the Eurozone bloc.
German industrial orders came in lower than forecast in the latest monthly report, underscoring the challenges manufacturers continue to face from high energy costs and supply chain disruptions. Additionally, French GDP growth slowed more than anticipated in Q3, raising concerns that the second largest Eurozone economy may be slowing.
Comments from ECB officials at regional central bank conferences this week reiterated the bank's commitment to further tightening of monetary policy in the coming months. However, they maintained a cautious stance, stressing that future rate decisions will depend heavily on incoming economic data. This leaves the policy path somewhat uncertain compared to the more hawkish Fed.
In contrast, US jobless claims came in above expectations last week, pointing to underlying resilience in the labor market. This boosted views that the Federal Reserve remains on track to deliver another supersized 75 basis point rate hike at its November meeting. Fed speakers struck a firm tone that inflation must be cooled through forceful rate actions.
Looking at Eurusd technicals, downside momentum has held above 1.0300 for now. However, near-term rallies continue facing resistance below 1.0500 on cautious short-term sentiment. The outlook could brighten if upcoming Eurozone data surprises higher or there are signs inflation is moderating more quickly than expected. But for now, traders appear to favor positioning for dollar strength on a short-term basis.
Technical key aspects of the short term trend and best entry/exit strategy based on the analysis provided in the TradingView charts:
- The short term trend of EURUSD across the timeframes analyzed (weekly to 4H) remains bearish. Price action has been declining within descending resistance lines and channels.
- Best entry for short trades was suggested to be after a bounce from resistance levels or pullbacks from oversold/oversold levels on indicators like the BB bands. This reduces risk of entering at highs.
- Given volatility in currency pairs, optimal stop loss placement would be above recent swing highs or structural resistance levels, around 20-30 pips above entry to limit downside risk.
- Initial profit targets were identified as lower support levels, around 50-100 pips below entry. This provides a favorable risk-reward ratio of at least 1:2.
- Additional extended profit targets aligned with longer term analysis include monthly or weekly demand zones and support levels offered by structural patterns like descending channels over 100-200 pips lower.
- Traders are advised to exit parts of their position at initial targets and move stops to breakeven on the rest, as well as trail stops closer as the trade moves in their favor, to lock in profits and limit risks of unexpected reversals.
EUR/CAD Long and AUD/NZD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value and it doesn't do so impulsively, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour or a fifteen minute rejection from it.
• If I miss the risk entry, or price reaches my area of value impulsively, then I'll be waiting for a subsequent impulse back up from my area of value followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/NZD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
spx I remember when i used to agree that T/A and charting didn't really matter vs narratives and market manipulation etc.
Well, that was before I lost a ton of $ trading crypto without it. Then I became OBSESSED with learning it.
It's not the cleanest and I'm still working on my skills etc.
However, I totally believe in it now.
It continues to amaze me daily with placing lines on charts BEFORE the candles come and watch them interact and not just on horizontal main numbers.
I find that diagonals with good T/A and time spent prior. You can almost feel like you set the course for the markets/design their track for the day lol.
EUR/CAD LongEUR/CAD Long
• If price pushes down to and ideally just below our area of value and it does so structurally, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/CAD Long, EUR/USD Long and GBP/AUD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for an convincing impulse up followed by a tight flag and then I'll be looking to get long with a reduced risk entry on the break of the flag, or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Long
• If price impulses up above our most recent high, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/AUD Short
• If price impulses down, it does so in a convincing manner and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
DisneyThis continues to look like a great LONG and or time to DCA etc.
Talk about generational opportunities.
Unless your certain its going to $0. Its looking rather tasty RIGHT HERE.
I Do think more manipulation comes this year for markets and possibly just Disney. BUT for now i'll play this LONG and IF we go much lower i will begin agressive DCA and plan LONG TERM hold if needed.
I would have NO SHOCK to see Disney 1x from here within a few months.
Worst case 6-18 IMO
Only time will tell.
Avalanche: Already done?! 🤔Avalanche has recently experienced a renewed rise, which has ended in the last few hours. We have to admit that the price has approached our magenta target zone (coordinates: $9.03 - $5.62), thus fulfilling the (minimum) technical requirement for this move; however, until the price convinces us of a final backed low of wave (2) in yellow with further clear rallies, we still have to assume that it will go a bit deeper into our zone. Ideally, we see the price approaching the lower violet trendline here, but of course, it can use the entire target zone to complete the reversal. In turn, traders can use the zone to enter long positions.
Bitcoin I KNOW i have not posted any charts in a while and you might be wanting (if you follow me) to know how to feel about this BTC breakout and recent pump. But in all honesty, all it has done is come right back into the rang and using the same S(support) and R (resistance) lines that I mapped out for you months ago. Only thing is now the lines you used to buy for support your now most likely better off watching as R (resistance).
It even seems the yellow downward trendline even is still in play and recently gave you a great moment of info to either TP a recent long and or setup a new short at that time.
EUR/CAD Long, EUR/USD Long and GBP/AUD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
EUR/USD Long
• If price impulses up above our area of value, it does so in a convincing manner and a tight flag forms, then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
GBP/AUD Short
• If price pushes up to and ideally just above our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back down followed by a tight flag and then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
Copper: A little further 🤏The price of copper is now falling further and further after initially rising on Thursday. This development is in line with our primary scenario as we expect the low of the magenta wave (x) to be a bit lower in the turquoise target zone between $3.59 and $3.51. Only when it's placed, the price can rise above the resistance at $4.19 and build wave (B) in magenta. A drop to the green target zone between $3.08 and $2.59 should follow from this point.
BITCOIN 1D Bitcoin Price Expected 8% Rise Amid ETF Approvals Bitcoin has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The currency is moving within a rectangle formation between support at 25971 and resistance at 30488 .
Pivot Price: 27687
Resistance prices: 29051 & 29452 & 29807
Support prices: 26967 & 25971& 25303
EUR/CAD Long, AUD/CAD Long and NZD/USD ShortEUR/CAD Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a convincing impulse back up followed by a tight flag and then I'll be looking to get long with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
AUD/CAD Long
• If price pushes down to and ideally just below our area of value and it doesn't do so impulsively, then I'll be looking to get long with a risk entry either after a phase line break on either the one hour or the fifteen minute chart, or after a one hour or a fifteen minute rejection from it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
NZD/USD Short
• If price corrects and a tight flag forms, then I'll be looking to get short with either a reduced risk entry on the break of the flag or a risk entry within it.
• If my entry requirements are not met then I will simply wait until another setup which meets my plan materialises.
• If there's any ambiguity then I will not place a trade on this pair.
BTCUSDT, open interest going down. SellHi friends. Bitcoin start a new powerful downward trend. Long term bears close they positions (purchasing) and its open good bearish road. The same situation with ETH now. So if nothing changes on the market we go to 25500 and lower prices... will see. Volume analysis thanks to X-Volume indicator. Want to rent - write private. Follow me.