Coffee Re-accumulation! Hello my beauties.
The chart of coffee suggests a violent bullish breakout of a multi-year downward trendline. The price will probably continue its uptrend, but it is now signalling the beginning of a phase of re-accumulation; the price has reacted strongly with a sudden move to the downside that has stunned the price sideways. I will wait for further development to make sure the schematics play out as expected. I will wait for the price to breach the range in red to the downside, only to quickly recover within the range itself; the successful retest of the bottom of the range would be my buy signal before the uptrend continuation.
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Luca, TrickleDownFX
Tradesetup
DE40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 15602 (stop at 15557)
Bespoke resistance is located at 15600.
A break of yesterdays high would confirm bullish momentum.
There is no indication that the rally is coming to an end.
Prices have reacted from 15015.
Our profit targets will be 15729 and 15749
Resistance: 15600 / 15650 / 15700
Support: 15550 / 15500 / 15450
DE40 Buy a break setup.GER40 - Intraday - We look to Buy a break of 15404 (stop at 15359)
Expect trading to remain mixed and volatile.
The current move higher is expected to continue.
A break of yesterdays high would confirm bullish momentum.
50 4hour EMA is at 15530.
Our profit targets will be 15535 and 15555
Resistance: 15400 / 15450 / 15500
Support: 15350 / 15300 / 15250
WTI Crude oil, the price reacted exactly in the expected area!Hello my beauties,
In my previous analysis I said I expected a move to the downside in the area in red (link below this text, check it out).
The price of oil is now completing a bearish megaphone (ascending broadening wedge) pattern.
Check out my analysis for more trading ideas!
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Luca, TrickleDownFX
BTCUSDTThis is how I would trade this BTC breakout! Analysis is based on Wyckoff method and price action. Wait for a back action (same as what price action people call Pullback :) ) and enter the long position! We can easily see 50k!
Note that an important daily supply zone has been engulfed and that is a confirmation of bullish move upward!
ADA Buy the dip.Cardano - Intraday - We look to Buy at 2.311 (stop at 2.249)
Daily signals are bullish.
There is no clear indication that the upward move is coming to an end.
Dips continue to attract buyers.
Pivot support is at 2.300.
The trend of higher lows is located at 2.310.
Our profit targets will be 2.496 and 2.566
Resistance: 2.450 / 2.500 / 2.600
Support: 2.300 / 2.250 / 2.200
UNI Buy a break setup.UNIUSD - Intraday - We look to Buy a break of 27.59 (stop at 26.93)
There is no indication that the rally is coming to an end.
A break of yesterdays high would confirm bullish momentum.
The bias is to break to the upside.
We look for gains to be extended today.
Pivot resistance is at 29.70.
Our profit targets will be 29.57 and 30.27
Resistance: 27.60 / 28.40 / 29.60
Support: 26.60 / 25.80 / 25.00
USDCHF Buy the uptrend.USDCHF - Intraday - We look to Buy at 0.9161 (stop at 0.9146)
Daily signals are mildly bullish.
Trend line support is located at 0.9160.
Dips continue to attract buyers.
We look to buy dips.
Our profit targets will be 0.9204 and 0.9214
Resistance: 0.9200 / 0.9220 / 0.9240
Support: 0.9180 / 0.9160 / 0.9150
USD/CAD Wyckoff distribution!Hello my beauties.
It seems like this pair is distibuting, which aligns with my other analysis on DXY, GBP and EUR.
I will only take an entry on the retest of the trading range (in red).
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Peace.
Luca, TrickleDownFX
XRP/USD WYCKOFF REACCUMULATION!Hello my beauties.
I think the price is leaving support and reacting to the buy zone very nicely.
After a spring, we'll normally get a SOS (sign of strength) and subsequent retest of the range, before the price goes on to generate a powerful markup.
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Peace.
Luca, TrickleDownFX
Bearish broadening wedge on USOIL! WTI technical analysis!Hello my beauties.
It seems that the price of oil, while climbing, has created a bearish broadening wedge (or megaphone).
The completion zone for this pattern is the green area.
I'll wait for any wign of weakness and initiate a short position to the completion zone.
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Peace.
Luca, TrickleDownFX
GOLD WYCKOFF ACCUMULATION 30 MINS! BUY ON SUCCESSFUL RETEST!Hello my beauties!
A nice opportunity here as gold is set to break out of its range after a spring on a 1h/30m accumulation! Watch out and good luck, always wait for confirmation and don't be greedy!
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Luca, TrickleDownFX
GBP/USD POSSIBLE LONG SCENARIO! WYCKOFF ACCUMULATION SCHEMATICS!Hello my beauties.
I believe GBP/USD might be reaccumulating after breaking a very long term downtrend.
I will be longing in case the prices breach the range to the upside. For more aggressive traders or range traders the opportunity is here already!
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Luca, TrickleDownFX
TROX idea after good earnings- disclaimer: amateur swing traderTROX seems to be bouncing off the 200MA. Just came off good earnings and an increased dividend. Seems to have strong fundamentals. Targets set for previous high, and 127 and 168 fib extension levels (which are also previous levels of resistance).
Target 3 = 30.50 RR: 1.66
Target 2 = 27.30 RR: 2.37
Target 1 = 24.51 RR: 3.13
Close below $15 and I'd get out.
Let me know your thoughts on this analysis as I'm still learning and appreciate the feedback.
USOIL IN DEPTH TECHNICAL ANALYSIS!Hello my beauties.
I'll be shorting oil until the 56/58 area as it needs to retest a 13 years old trendline. The price broke it to the upside and I don't think it is going anywhere before kissing it.
Oil is now facing a cluster that consists of the following resistances:
- 1 year long uptrend trend line ;
- downward channel trendline;
- inverted head and shoulders neckline.
On top of that, the following indicators suggest downside to come:
- RSI bearish divergence;
- stochastic forming a bearish divergence.
Further reasons why I am taking the trade:
- we have to see an Elliott wave 5 in the current downtrend. For those of you who are not familiar with Elliott waves , wave 5 needs to exceed the lows created by wave 3.
From a short/medium term technical perspective, downside is pretty probable.
After that I'll be bullish for a very long time. The green area evidences where I expect a strong reaction to happen.The weekly volume profile indicator suggests that the most orders have been placed in the 56 area.
I hope this idea helped you, please like, follow and drop a comment below if you have any questions and we'll discuss them together.
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Peace.
Luca, TrickleDownFX