ChrisJTradesFX

ChrisJTradesFX

I feel like I haven't viewed Bitcoin in awhile. However, these are my areas of interest which I'll track for the time being. Things can change as price move forward but BTC emerged from my HTFZ (8783.3) and now approaching a new level (9640 - 9700). If the new level is respected then that means a short opportunity should present itself, and if engulfed then I...

ChrisJTradesFX

This is my Australian Dollar / Japanese Yen chart that I'll be tracking.

ChrisJTradesFX

EU was making classic LHs & LLs on the Daily chart which led price right into a HTFZ (1.0820 - 1.1016) where price not only reversed but broke out of a bull channel. Although I'm bullish I would like to see price dip back down around the 1.0991 - 1.1035 levels before a strong rally happens. Since EURUSD engulfed a zone on Friday's closing candle I would look to...

ChrisJTradesFX

GU's price is approaching a HTFZ (1.3000 - 1.3170) while in a bear channel along with bullish momentum from LTFZs and off a PPZ. If the barrier is respected then I would be bearish for the upcoming week(s). I try not to base my analysis off of any indicators, but I will say that I noticed the RSI divergence being shown on the 4H chart as far as price is printing...

ChrisJTradesFX Updated 

I'm usually Neutral since I look to go with the flow of price. However, I am bearish with the DXY considering that it's repelled from my HTFZ, dropped below a PPZ, broke diagonal support and correlation through multiple time frames. My next barrier is between $95-$96 so I'll continue to track price and update as everything unfolds. We shall see. NEVER TRADING ADVICE!

ChrisJTradesFX Updated 

This is my British Pound/US Dollar mark up, at times I leave engulfed levels on my charts as reference points. However, price not only blew through a HTFZ but even my HTF diagonal resistance, but price is also approaching a huge barrier beginning at the 1.3000 level. I'm always Neutral. P.S. Do you see the pattern? NOT TRADING ADVICE!!!

ChrisJTradesFX Updated 

From September 24, 2019 'til now bitcoin's price has been ranging within a HTFZ ($7435-$8783). The swing low of the move ($7793) took multiple hits which gave price momentum to start printing HHs & HLs. Price action was able to form a new untouched zone ($8188-$8182) which should give the highest probability trade. However, there's barriers waiting to stall price...

ChrisJTradesFX

The full extent of the move is 83+ pips and to the 50% PRZ it's 41+ pips. For my standards, both are great amounts, but I'm doing my due diligence at keeping my greed in check. However, I would "eat chunks" out of the move by scaling in on price. If it don't reach the zone and it continues to tank then I'll adjust my approach. I would wait for a B.A.R to execute...

ChrisJTradesFX

British Pound/Japanese Yen is heading right towards a barrier. There's an engulfed zone that I left up for reference purposes only and the white represents a PPZ. I like to remain Neutral so I can adjust if need be, but we shall see.

ChrisJTradesFX

These are my levels I'll track for this trading week for GBPUSD. I'll adjust as price unfolds, but I would look for price to break down pass the PPZ, funnel through the channel 'til it reaches that support at the 1.2265 level. Breakout traders will more than likely enter a short position once price breaks the 1.2265 level, but they'll be selling right into a zone...

ChrisJTradesFX

I would like to see one more dip in that level before an even bigger rally takes place. Nice pip range between these two levels. We shall see.

ChrisJTradesFX

Keep your eyes open for a possible rally in price. Short term.

ChrisJTradesFX

I see price is approaching a new level, but let's see what happen. Top levels been engulfed, but I keep 'em up for reference.

ChrisJTradesFX

If price make it to the upper zone I would look to short to the 50% PRZ (1.8338). It's currently in a channel, and usually you can locate reversal zones if you were to scale down to the LTFs.

ChrisJTradesFX

Looking at Bitcoin's current price action I would look to short when price reaches between 10328 - 10355. The long wick that touched the 10400 level hit an OB higher up then price formed an OB right underneath. I would take that short to 10146. P.S. All blue lines (except for the one right above current price) are engulfed OBs. Left 'em up for reference. NOT...

ChrisJTradesFX

Let me explain my analysis.. Okay so, the zone at the bottom of the chart formed after a breakout from a bull flag (10064 - 10117). The continuation zone above that (10152.2 - 10199.9) was created shortly after, and constructed the swing high of the move. On the 1st touch of the zone price shot off and hit the diagonal resistance then a bull channel developed....

ChrisJTradesFX

Simply put, with ROKU's current market price I would be bearish. I'm noticing a correlation between multiple time frames, and when it cascades like this it will more than likely move in that directional sentiment.

ChrisJTradesFX

Go to my published GBPCAD post from yesterday then come see how it played out thus far. Price peaked out at 56.9 pips so a little over 45 more pips to go before it reaches my zone that's higher up in price. Then I would be looking for a short opportunity to occur. We shall see.