IkanBilisCapital

IkanBilisCapital

We predicted that short to medium to the upside but price found one last leg to the downside to liquidate longs that entered in April. We think moves to the downside is fairly capped and the price is ready to start its multi-week ascend. BULL CASE We will wait for more retrace to the downside to enter a long. For more conservative traders, they can wait for...

IkanBilisCapital

We predicted that GBPJPY will find short to medium term momentum to the upside. The bear case played out instead, liquidating longs placed back in April. We think that this last impulse move down has completed downwards correction and the pair is ready to make its move to the upside. BULL CASE There might be a short retrace early next week before a long sustained...

IkanBilisCapital

We were expecting a fake out to the downside to happen for the EURUSD this week. A downside move did occur but it was not an impulsive move. If we look to the higher weekly time frame, there are still areas that needs to be liquidated to the downside before a sustained up move can happen. BEAR CASE We think that price will continue to the downside and visit the...

IkanBilisCapital

For the DXY, we predicted it will continue to be range bound and value lies to the downside. It did move down but not as drastically as I imagined. The downwards move is still valid because all the points marked by the green dollar icons needs to be liquidated. BEAR CASE Value is to the downside, all the points marked out to be liquidated has to be visited...

IkanBilisCapital

Last week, we presented a likely bull case for this pair. However the bear case played out. So this week, we are looking for the bull case that we presented to be fulfilled. Because all the points marked by the green dollar signs needs to be liquidated. In terms of entry we want to see the RSI hit 5 before we enter, we will place a stop loss at 0.72861. For people...

IkanBilisCapital

70 dollar litecoin may be in play before the cycle is officially reset and more upside to come. We predict at least a 1000USD litecoin by the end of 2021. buy every fricken dip

IkanBilisCapital

We are bullish on bitcoin in the medium to long term. There are signs of more downside to come in the short term and we will be looking for long set ups.  BEAR CASE In the coming week, it is more likely that we see price dip below all time low for the past 30 days maybe even to the 25000. Our hands need to be strong and HODL BULL CASE 100K BTC is inevitable by end...

IkanBilisCapital

The bear case played out on the USDJPY pair this week. It is now retesting the bottom of the channel.  BEAR CASE If price rejects from the bottom of the channel, we will see more downside to liquidate stops placed at the areas marked with a dollar bill. This is now the least path of resistance is more likely to happen.  BULL CASE All hope is not lost for the...

IkanBilisCapital

The bear case played out for the canadian dollar this week. The price looks due to for short term downward retrace but we should not be surprised to see strong conviction to the upside fueled by some macro events.  BEAR CASE Price may find itself retracing down for the short term next week before shooting up. There are many points of liquidation which when...

IkanBilisCapital

The kiwi dollar did not move much this week and price found itself tightly range bound. We expect to see some kind of break out to either the upside of downside to liquidate stop losses. The least path of resistance looks to the upside. BULL CASE Price should find some momentum to the upside to unlock the liquidity found near the 0.71 level. After which it...

IkanBilisCapital

The bear case that we predicted was fulfilled this week. Price struggled to find any upward momentum. The coming week will see more downside move for the pound dollar. BEAR CASE The price of the pound dollar should continue to find downside momentum and hit a pocket of liquidity at around the 1.3650 area for a short relief to the upside. After which, it will find...

IkanBilisCapital

The pound yen fulfilled the bear case that we drew out last week. Price will continue to trade in a choppy manner. There are areas of liquidity on both sides but it seems like the path of least resistance lies on the downside. BEAR CASE We think price will continue to find downward momentum before rebounding at the 149–150 levels. BULL CASE Price will need to...

IkanBilisCapital

The EURUSD dollar ended the week not doing much. It fulfilled the less likely scenario that we drew out. We think that we're reaching the long tail of the downwards correction and price is ready to move up at anytime to fulfil the bull case. BULL CASE We think the bulls are ready to lift this pair up higher and liquidate all the areas of liquidity that is marked...

IkanBilisCapital

We predicted that price move in a range bound manner drawn by the white channel. We think price will continue to trade in that channel. Value for DXY lies to the downside, and we need to see some important levels being broken before the upward move of the DXY can continue. As usual, we will present 2 cases. And we will start with the likely bear case first. BEAR...

IkanBilisCapital

The market ended up not doing much this week. But we are at the tail end of the down move and we are looking for the pair to make a rather sharp reversal to the upside for the coming week. As usual, we will present two cases. And the likely one first. BULL CASE Value lies to the upside in the coming week for the AUDUSD. There are areas of liquidity that the...

IkanBilisCapital

We highlighted the possibility of falling back into the channel this week, price fell back into the channel and is now retesting the bottom range of the channel. In the coming week, we expect price to continue to exhibit indecisiveness. The mid to long term bias is still to the upside and hence we will have a slight bias to go long. BULL CASE: For the bull case to...

IkanBilisCapital

We predicted that some choppiness for USDCAD this week. However it found conviction to the upside and broke farther up after a retest of the channel we drew for it. I think this pair is ready to break down even farther next week before finding a retrace. BEAR CASE: In the event where more value is to be found by price going down. We will see the 1.225 levels be...

IkanBilisCapital

We predicted a choppy week for the NZDUSD, it started the week liquidating shorts that entered near the 0.71 levels before fulfilling the downside bias we had for the pair. As the trading week came to a close, the pair found strong resistance to the upside. The coming week will continue to be uncertain for this pair but bias remains to the downside. BEAR CASE: If...