GBPJPY big sell incoming!! - SocialTrade24So as you can see GBPJPY is now in a strong hyperactive zone, where the market makers will reverse this trend down. During the Asian session we expect not much movement, the strong reverse will happen during the London session. Market makers will push it further down with the important GBP news at that day. Guaranteed profit, believe us!
If you want to see our TP and SL levels check our free telegram group chat with analyses and signals: t.me
Wavetrading
One More Wave Up Before A Big ReversalA text book corrective structure has formed on the H1 time frame AUDUSD. When price breaks the low of wave 3, I will be looking for reversal signs to trade this structure to the upside. Thereafter I am expecting a larger move to the downside to complete a structure formation on a higher time frame.
Join our trading signal service to receive the exact entry, stop loss and take profit levels for my trades.
Happy trading!
Linton
Long XAU/USD?Let's be honest, so far this year and for the last few years gold just hasn't performed. However, this may be an opportunity for a bullish turnaround.
Fundamentals
- Gold is largely tied to the performance of the USD, which explains its bearish trend this year
- Powell is expected to continue the hiking cycle into 2019, however their have been rumblings about a possible slow down in the pace of hikes
This possibility has arisen because of the flattening of the 2s10s yield curve, an early indicator of recessions on inversion. The Fed is likely to continue hiking, but may slow their pace to avoid or mitigate the risk of yield curve inversion.
- The result: USD would weaken, interest rates would not be as steep as initially priced in. This is bullish for gold and provides some relief to battered emerging markets, however the trade war leaves much to be debated on that front.
- Gold could see a resurgence towards May levels on dollar weakness
- Additionally gold prices tend to rise post August, largely due to wedding season in the east (India in particular), increasing gold demand.
What about the Technicals??
- If the waves are correct, we are seeing a corrective pattern post the 5th wave on a bearish run.
- Often this corrective pattern could lead to more bearish undertone, but it looks as though a bullish flag has formed, indicating another leg up for XAU.
- Search for the bullish breakout and ride the wave!
I Assume Bitcoin Can Bottom At 4-5k Area- Waiting!!Hey, hey, hey!
Whats up everyone?
After a lot of request in the last few weeks I decided to make a new video update for Bitcoin. I think market can be forming a very interesting pattern; called an ending diagonal, also know as a "wedge". You know what this is right? When done and confirmed, normally sharp move occurs but in the opposite direction. So is BTCUSD going to find a low by the end of 2018? What do you think?
Trade well,
GH
GBPJPY Bearish Corrective StructureMy previous analysis on GBPJPY has played out exactly as expected.
We are currently in a smaller corrective structure which will complete wave 4 on the larger time frame when it breaks. The corrective structure could break now or alternatively we could see one more wave up before the downside break.
XAUUSD Corrective Structure With Bullish Break AnticipatedXAUUSD is forming a larger corrective structure than what I had first expected. Bear in mind that this is the H1 time frame though so actually still a small move inside this corrective structure. This structure could complete with either 3 or 5 waves. Once we see the break of this structure to the upside and the larger structure on the daily time frame, this will indicate a strong move up.
Contact me via direct message for any assistance required
Cheers
Linton
BTCUSD moving towards 9250ish?BTCUSD could very likely be making a flag on the H4 right now. I think it will go sideways now for a bit. Before a potentially move up to around 7700-7800.
This is where it will meet a big trendline. When it hits, we have to see what pattern it will make. I’m affraid that we haven’t seen the bottom yet. But if it break the major trendline the we can potentially go to 9250. Otherwise we will have to retest the bottom.
If the MACD will follow the purple line we are going down.
AUDNZD Finally Making It's Move!I have been waiting for this setup to confirm. AUDNZD is starting the final wave on the larger structure. We can see the formation of a small flag which is breaking now. I am looking to enter this position and hold to the top of the larger structure.
Contact me via direct message for any assistance required
Cheers
Linton
EURNZD Looking BearishThe EURNZD has formed the first impulse to the downside and the second wave is close to completed. I am expecting that price will fall impulsively as indicated in the chart. This idea is only valid if price contains itself within the corrective pattern at play, so watch the top as price nears it.