Wavereader
EUR into deep waters? Forex update Bull vs Bear Academy++++++++++++++++++++++++ no financial advice ++++++++++++++++++++++++
On the second trading day of the week, the euro struggles against a downward trend and is on the brink.
Dollar is dominating and gold may make another upward move?
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interesting weekly levels for bitcoinWhether weekly is not set in stone, but definitely for the next time the following levels are important.
I will close most of my long from the weekend in the gray box.
After that I am curious about the reaction.
I expect there and above at 64.9 first reactions from the bears.
BTC long the gann line
This Gann line was just bought by me, we had it a few days ago as resistance, then closed above it with a 4h candle, last test before all-time high and then go.
Now we make the test on it, as it is with Ganns so I speculate that we bounce off here and at least run again the old ATH.
In addition, there will probably soon be the next buy signal from wavereader.
That is actually all there is to say about it
Have a nice weekend!
Feel free to follow me if you like my ganns!
No trade zone GBPUSD - but a foresighted viewWe are currently in a no trade zone in GBPUSD.
Depending on which Diamond Pocket is approached first, a setup results:
Variant A: We test the resistance above and are rejected there for the time being, target area would be the current 4h SR.
Variant B: We lose the 4h S/R here and find support at the lower Daily S/R levels.... Target would be a renewed test of the current 4h S/R.
Wait and see. Happy trading
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BullvsBear Academy
Short opportunity SPXAs with the Nasdaq, we see a bearish Wolfe Wave on the SPX.
After the sell-off at the beginning of the week, we changed into the bearish trend from the Wavereader, but were pushed directly back into the overbought area, as usual in this market.
The good thing is: this gave us a fresh sell signal.
It was not even tested the 0.786 FIB level in the sell-off, which could become a target for this trade.
R:R ratio is very good. Therefore worth a try.
Waiting for the Sell Signal USDJPYThere is a short opportunity for USDJPY.
As shown once before, we have broken a long uptrend of over 75 days.
We have already been rejected once from this trend bearish, which for me is a sign of further correction.
Currently we are just at the 0.786 FIB leve, a daily S/R and we have a bearish trend in the 4h timeframe.
The Sell signal, along with the one already mentioned, should serve as an entry.
Target is at least(!) the lower 4H S/R, but I rather assume that we will see the green marked zone in the medium term.
Bullish Wolfe Wave CADJPY All the prerequisites of a WW are there.
Possible entries are marked in green. The 1.618 + 2.168 FIB level.
The wavereader is in short mode, rightly so, however I think that if it gives us a take profit signal of the short signal, together with the WW we have a good trading opportunity