JivkoXristov

JivkoXristov

Here is my view on CADCHF- 1.A long position can be made now as we broke the DTL and now price is retesting it again + 4H 50EMA. It is riskier because the price has not yet broken the daily 50EMA and the current resistance zone (~0.69200), but it gives a slightly better entry for a long position 2.If you want to be more conservative, just wait for a breakout of...

JivkoXristov Updated 

This is a very good looking setup, we have POI with: 1. Already reversed trend, now we have series of HHs and HLs 2. daily 50EMA 3. 61.80% fib level of previous leg 4. Structure As aways, candle rejection is needed for entries, so if the price makes consolidation at this level, I will for sure jump in longs.

JivkoXristov

Like GOLD, I think EU will break the ATL and the daily 50EMA and continue downward. I think so because of what the last few daily candles are showing and the 4H chart already shows a breakout and retest of ATL, so maybe at this point a slightly riskier short position could be made or just wait for a breakout to confirm the direction of the price for more...

JivkoXristov

Hey guys, here's a potential UJ move for this week maybe. Based on the last 3-4 daily candles, the price direction looks quite bearish to me, so I will wait for either a small correction for a better entry with greater RR, BUT much riskier, or a break of the recent resistance zone and daily 50EMA and subsequent entry for a long position after a pullback to the...

JivkoXristov

Hey guys, last week I was bullish on gold, but after the recent PA I changed my bias to short. -First, the price formed the so-called "Bearish Flag" formation, this is a pattern that is a trend continuation and the TP is the duplication from the initial leg. -Second, looking at the DXY I am more for a strong dollar for the near future judging by the recent...

JivkoXristov

Hi guys, yesterday while looking at my charts I noticed quite an interesting GBPCHF model. In the chart above, you can see the pattern that I have drawn, how after every big and sharp drop, there is a consolidation for about 3 touches and then the price makes an ascent to the existing trendline made by the recent highs. I am not saying here that you should go...

JivkoXristov

Guys listen now, DXY is sitting on a veeery delicate level and any significant move will heavily determine the direction of every USD involved pair. So first let me put down the important indicators and levels: 1. On 103.800 lays Daily 50EMA right above the current price 2. On 104.100 lays Weekly 50EMA slightly above the current price -We can say that they are...

JivkoXristov

Hello pals, JPYbasket is a JPY index just like DXY for USD, so u can use it for confirmation on your JPY and USD involved pairs. Based on candlesticks and DTL, I think this index is going downhill to the previous low. 8050 needs to be broken first before it can be said with certainty that the index will be bearish, but if that happens be sure to look for any good...

JivkoXristov Updated 

AN offers a really good long setup. The confluences are: 1.ascending channel 2.break and retest of S/R zone 3.daily AND weekly 50EMA laying on this level 4.61.8% fibs So we just need to see rejection candles at POI for entries. The only thing I don't like is the bearish momentum. The last daily candle is Marubozu candle, a very dominant candle sooo I'll be...

JivkoXristov Updated 

A very risky trade, but if I see a consolidation at this level or lot of wicks I will jump in a long position. Basically the daily 50EMA is laying exactly at this strong level of S/R so we might see a reaction from it. This setup is entirely dependent on the following 4H or daily candles.

JivkoXristov Updated 

On a daily time frame, GA has formed H&S and it's in a downtrend, so overall bearish setups are preferred. Price is now on a very good position for sells, we have: 1. Clear downtrend 2. Retesting a structure 3. 4H 50EMA 4. 50% fibs 5. Bigger pattern in play All I want so see is 30m wedge or pennant just so price can move sideways to touch the trend line, and ofc...

JivkoXristov Updated 

EA is in a descending channel and it has reached the ceiling of it, also a zone of S/R. 30m range/wedge/pennant or wicks at this level will be signal for shorts.

JivkoXristov Updated 

Hello guys, I've put ghost candles on the chart to show you what I want to see to support my Gold, EU, AU long setups. So DXY approached very crucial zone now, there is a current strong level of S/R, a 61.8% Fibonacci level and a daily 50EMA. Right now the bullish momentum is very strong, so I will wait to see if the confluences I mentioned are strong enough to...

JivkoXristov Updated 

EURCAD 2 possible scenarios in my opinion: So the price is about to reach important zone of S/R and there are 2 options: 1. If we see a reaction from this level: small range, consolidation, wicks, etc. ... I will look for longs with nice RR. 2. A strong closure under the support suggests a bearish move, so I will make entry on the pullback. IF price makes some...

JivkoXristov

So, we are at the bottom of the descending channel + a very strong support level. We might see one more bounce or 4H hammer candle before going up and to be honest that's the optimal play we look for. The price can actually smash this zone and if it does so, I will shift my bias and will look for pullbacks for short.

JivkoXristov Updated 

GCHF short term long position after pullback to nice S/R zone, 61.8% fibs, 3rd touch of ATL, 4H 50EMA and previous highs.

JivkoXristov Updated 

Okey guys, soo CHFJPY is at veery delicate level, tbh I don't have any idea what this pair will do from here, that's why I will wait for more price action and then i'll react to it. So let me go in details about these setups: Setup 1: So 50EMA is on the same level on 1H and 4H, so if we see a breakout to the downside be sure to enter short on the next adequate...

JivkoXristov Updated 

Alright, here is one cheeky setup that can possibly be played out. So we have POI with: 1. 4H 50EMA 2. zone of S/R 3. 3rd touch of ATL 4. 61.8% fib level All we need is 1H-4H rejection candles to be sure that this zone is respectable, so we can make entries from there ;)