Went long on NZDUSD a few minutes ago. Wavereader provide a trend change in 15m TF + Price is in our confluence box. Let’s see if we can get 15 pips at least. No financial advice and sorry for publishing on smartphone ;-)
++++++++++++++++++++++++ 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? Thanks for watching and any interaction! +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Contact me NOW if you...
Quick update for the dollar and my thoughts on the start of the trading week. No trade currently, only observation.
In the smaller timeframes we have already switched to long, I wait for the pullback. Stop below the low - first target is marked. Why the trade? I think to recognize a market maker structure
The first half of the plan (see previous idea) has worked out. Wavereader now gives me a 1h buy signal at candle close. I will long here, RR ratio is 5.42
In this zone I start a short, I expect a weaker USD this week. From my point of view, we just take the between high out and gather liquidity. Add to that an oversold RSI with a very likely divergence and a WR 4h sell signal coming up soon.
Whether 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.
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....
From my perspective, it doesn't look as good for Bitcoin as you hear from the perma-bulls. The 40k support is still holding and I myself also expected a strong reaction, but hardly anything came. What do you think? Trend continuation or liberation blow from the bulls?
We are just before the 0.786 fib level, on the daily SR and have a fresh 4h sell signal from the wavereader. 3 reasons for me to try a short.
Daily CPR not yet touched, wavereader in small TF bullish, target : Fib of the last downward movement
We find resistance at the FIB levels, Daily SR and the wavereader gives us 2 sell signals in the 4h timeframe
As in the title. we are currently at two points where we could find support, plus fresh buy signals from wavereader. Enough reasons for the trade
The only coin that shows a hint of bullish signs. The flag could bring the last leg up. Wavereader still bullish, Daily SR has held
We 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...
As 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...
There 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...
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