Weekend-study
Weekend Reversals on BitcoinNote how since the start of 2018 Bear Market we "reverse" all changes after weekends (spikes in either direction if any) to start mondays at roughly the same price level as before or at least retest that level (probably to sync with the futures). We are currently moving in a down channel and are still being rejected by EMAs, will likely bounce down from the ichimoku flat bottom.
There's also another theory that each 6th of the month we have a notable reversal point. June 6th could be next.
EUR/USD Waiting for breakoutThis pair is currently heading upwards, I will keep my eyes on this pair to see if it breaks outside of the channel.
Feel free to comment!
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Weekend GapSo based on my trading strategy I created, I saw AUDJPY being rejected by the average price and it was in a nice steady downtrend. As it tried to rise, it was not strong enough so I sold thinking it would be small but it was way heavier than expected
NZD/USD OUTLOOK LONGS FAVORABLE.NZD/USD OUTLOOK. NU finally broke above the 0.68736 level giving us a nice break retest this week. Added a fib retracing to the 78.60% level. Will be watching closely on market open for a pull back to execute a long to D2 extension (61.00%) level witch also is confluent with historical resistance 0.72315. If we do not see a pullback and my trading plan is not fulfilled we will simply stand aside and watch are prediction develop. Please check are Second post on NZD/USD Weekly for further confluences to the upside. Discipline is crucial stick to your plan.
AU - priming for a good short opportunityThis could be a good short opportunity down to 0.764-0.765. And assuming 0.77227 just became our new high (daily, 1hr), then could see that open the gates to fall down further.
Liking this for a short on Monday
Scalp opportunity:
TP1 0.764
Larger swing:
TP1 0.76164
TP2 0.757
TP3 0.74
EU - meh to the bottomRetracement is just a bit above 50% - that's OK in itself (fib is not a perfect science), so below 1.13800 I like this for a short. But there's some minor potential to see a little bit of growth towards 1.15 to burn some shorts before it dumps.
Will see how we go on Monday
If you wanted to be conservative, you could just wait for it to bounce off the bottom of the triangle as part of a support/resistance test, THEN short it - which would make entry around 1.12 on a retrace (pivot points, daily), with TP1 1.08 and TP2 1.05
Otherwise, enter below 1.138, TP1 1.15, TP2 1.10
GU - wait for retraceWaiting for retrace to 1.427-1.42988. Short idea works only so long as this stays below 1.43214.
TP1 1.412, TP2 1.404
