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EURAUD SHORT AT D-DTEURAUD has enjoyed a healthy uptrend for 10 straight days and now seats at nice demand zone - a previous daily resistance and also RSI is in the 80 level zone. AXY is currently oversold while EXY RSI is already below 50 and price is seating the 200EMA, which is a solid resistance level. I am assuming this is a psychological level which big players are watching and therefore I choose to short it at market price and allow enough wiggle room for stop-hunts in case they happen. Fibs are in extension and RSI though not overbought has limited upside. One trade is taken at market price and the other will be a pending order to be filled if a stop hunt happens. Cheers!
by UnknownUnicorn1118164
WAN Trends in Elliot Waves [WAN/BTC]I really dislike how the corrective waves are- but we are rolling with it. I have mapped out a plan for all the given situations on the chart. Potential b leg on a corrective wave opportunity due to a bounce on the trendline, ema and RSI levels support this play. Could be a really good pick up for a longer hold if the formation doesn't break down. There is the chance it retraces higher (top of channel region) past the resistance target I have set due to how the previous corrective wave met the top of the channel. This is setting up really nice on the 4hour for a knife catch. This is NOT a buy OR a sell signal. I'm not a financial adviser and nothing I say is a fact, any losses made through these decisions do not hold me accountable and you should never invest more than you're willing to lose. If you liked this short post, be sure to follow and like. It really helps out :D ~Xander
by XanderCrypto
6
CHFJPY BUTTERFLY BEAR |DAILY| SHORTThe CHFJPY is in the middle of its corrective phase which started when price action touched the lower end of its horizontal resistance area. After that this currency pair has accelerated to the downside. I expect a continuation of the down-trend until price action can challenge its horizontal support area. Any level above 114.000 represents a good entry opportunity in order to potentially profit from the second part of the current move to the downside. Good Luck
Long
by UnknownUnicorn1118164
AUDUSD BUTTERFLY BULL |DAILY| SHORT & LONGAm scaling my short entries on this butterfly for next week. A very tiny bet on entry 1 then wait to see what happens in the course of the week. Once bearish momentum is confirmed as per the harmonic pattern, then I may consider shorting a standard lot at C. AUDUSD is bullish on the monthly outlook. It enjoys a double dose of bullish momentum. The first part is provided after this currency pair broke out above its horizontal resistance area which resulted in a momentum shift. The second part is being provided by an ascending support level which originated at the low of its most recent horizontal support area and which is pushing the AUDUSD to the upside. Good Luck!
Long
by UnknownUnicorn1118164
1
AUDNZD BUTTERFLY & GARTLEY |H4| Tech + Fundamental + PriceActionAUDNZD presents yet another opportunity for short trades. Our previous setup delivered on both TP1 and TP2 of the short entries. Now here we are again. Whats it gonna be? In price action, we see a clear down trend on H1, H4 and Daily charts. We also have a head and shoulder formation on the Daily, which appears at what appears to be the end of the uptrend, which started in July of 2017. This is why am sentimentally bearish on this pair. Here is what happened on the previous setup: Fundamentals to lookout for include the following: AUD: Australian Credit Card Purchases and Australian Credit Card Balances NZD: Chinese Aggregate Financing, Chinese New Yuan Loans, Chinese Money Supply M0, M1 and M2
Short
by UnknownUnicorn1118164
USDJPY GARTLEY BULL |H4| LONG & SHORT | USDJPY presents multiple harmonics for both short and long-term trades. Technicals reveal clear support and resistance levels which are my preferred entry points. This Gartley also seats in the midst of a Head and Shoulder pattern signaling a potential move to the down side, which is why i am sentimentally bearish. Take a look at what happened on my previous setup, which delivered on both TP1 and TP2: Fundamentals to look out for are as follows: USD: US Empire Manufacturing Index, US Industrial Production and Manufacturing Production JPY: Japanese Tankan Survey Good Luck
Short
by UnknownUnicorn1118164
BUTTERFLY BULL |H4| LONG & SHORTEURAUD is bullish on H1, H4, Daily, and Monthly charts. We have a bullish butterfly formation but remember to look into the fundamentals for better decision on your entry choice. Fundamentals to consider on EURO include; Services PMI and Composite PMI for Eurozone, Italy, France and Germany. Also Eurozone Retail Sales. Fundamentals to consider on AUD include: Australian CBA Services PMI and CBA Composite PMI, Australian AiG Performance of Services Index, Australian ANZ Roy Morgan Weekly Consumer Confidence Index, Australian Current Account Balance, Australian Retail Sales, Australian RBA Interest Rate Decision. Good Luck.
Long
by UnknownUnicorn1118164
EURJPY BUTTERFLY BULL |DAILY| SHORT & LONG | EURJPY has been ranging for the about three and a half months failing to break and close above 134.400. It's again retesting the weekly and monthly resistance levels, which am monitoring closely to see what happens by end of this week. Should price action break and close above 134.400, I will liquidate my positions and wait for a new opportunity to go long, otherwise the setup holds with this beautiful butterfly. Fundamentals to look out for include: EUR: German Industrial Production, Eurozone GDP, JPY: Japanese Official Reserve Assets, Japanese Buying Foreign Bonds and Japanese Buying Foreign Stocks/Foreign Buying Japanese Bonds and Foreigners Buying Japanese Stocks, Japanese Leading Index and Japanese Coincident Index
Short
by UnknownUnicorn1118164
BAT BEAR & CYPHER BEAR |H1| SHORTCOINBASE:ETHUSD presents two bearish harmonic patterns in this generally bearish crypto saga :) Fundamentals and Technicals appear to be in conflict in the crypto world hence making it hard for anyone to accurately predict the direction of any crypto market. These are certainly very risky markets and of course just like any other market, there are no absolute entry and exit points, so I will simply follow my harmonic patterns with calculated risk and instincts :) If you choose to indulge, good luck
BITFINEX:ETHUSDShort
by UnknownUnicorn1118164
2