this thing is ranging but the higher timeframe trend is bearish and so we ae looking for a retracement up to the resistance that has already been tested once and should be attacked again by the institutions before a new strong wave down. We are looking for possible SHORT entry if the market gets into our trade zone.
This market looks like it is closing the joung bulls into a corner for the slaughtering. The monthly heavily bearish but I bet young bulls are not looking and their stupid pattern, indicators are screaming BUY,: t is the start of an up trend! I think not, but y nature I'm contrarian. ;:) Me think they are all going into a dadly trap. At confluence this...
We traded succesfully SHORT last week (see 17th idea) and got out quickly in profit with a 1:1 risk/reward ratio based on the fact that the EURO has been in a 2 years bear market vs. the YEN. After that trade, the EURO went up nicely to retest resistance. Based on last week 2 years bear market I think we are going to retest below the support of the short...
Hedge Fund (non cpmmecial COT) have been closing their shorts but not much happening on the LONG side yet. However retail are heavily SHORT and so it expected their massacre. That transalte in push up whene we want to see the break of the trendline and break of resistance and then look for a LONG opportunity which can be explosive because of the SHORT closes of...
And shorts along the way down. Now in a selling channel.
The long sell off is over and (as per Wycloff) there has been a change and after a reaction rally and a first low retest, now we are at a crossoroad. Will it go up or down ? I think it will go down for an other retest of the lows looking for residual liquidity at the triple bottom and then will retest resistance. In this case we would SHORT at the exit of the...
Institutios are shorting the AUD so if we get the chance of a retracement we will loo for a short
W formation so we expect the test of the trendling. Hedge fund have been shorting the JPY last week and that cause the skype up. But the candle are showing a loss of momentum and so we expect the resisttance to hold, retrace and then look for an entry at abuot 50% retracement LONG. This time it is possible the resistence will blow off
Panic in Italy for CORONA VIRUS. The OIL is going down
BITCOIN is always an hard security to trade being the darling of young bulls and it pains me to see them killed. So I sincerely hope will make them all rich. BUT...being by nature a contrarian, I see too much happy cowboys on the LONG side at the moment *not* to make me think that the opposite will happen. BITCOIN has formidable monthly and weekly resistance...
We re going to following this thing....hugher timeframe bearish market. Should retest the W neckline to confim possible trend change (there is an higher low in place anc a guaranteed higher high). If the price gets to the red circle, we are getting down to 4 hours ot look for a long entry
SHORT in the yellow circle
BITCOIN is an highly emptional security and it shows clearly in the daily chart with the rising wedge pattern that usually ends up with a dive south. There is a strng resistance and lots os small lots trying to push from below but not (yet) strong enough to breakout up. It looks like small retails are desperately routing for the push up and badass hedge fund...
COT data shows non-commercial going LONG On the dollar and closing their shorts. I doubt this pair can beat resistance and should be headed south. The marco reason is probably the expected failure of Trump impeachment. To support this hypotesis also the bearish Month and Weekly. We are going to look now for short price action opportunity
CAD is getting stronger and JPY shorted heavily. We went down to the hour timeframe to look for a rejection at pivot level and MA15 crossing MA50. *IF* the price retrace to the yellow circe.
the targets are the two fibo levels down.