MatTheCat

MatTheCat

Momentum to the downside across the board. Retest of key Supply & Demand Zone, and convincing rejection of that level. Trade idea is 61.8% retrace into that Rejection (M structure).

MatTheCat

at 8am (London) today, the BoJ announced intervention in the Forex market, buying JPY, by selling USD. Big 130 pip volume gap on initial 2 minutes of downside, followed by selling avalanche, putting in Key Reversal on 4hr chart. accumulating divergent arguments on the HTF charts. ~145 level, is a test of a multi year high, best seen on Quarterly chart.

MatTheCat Updated 

US Oil is grinding down into previous HTF support, and is in a zone where a decisive pivot back to upside has a good chance of playing out. Thus with double divergence in play on the Daily MACD D and also the Daily RSI, the Counter Trend play back up to 50MA, is on.

MatTheCat Updated 

Framing pivot taken from LGP RSI Pivot (trend refresh). Otherwise consistent momentum in MACD, looking for test of 20 MA. VP Profile 'MUAK l.i.G' test Propulsion 61.8%. Intraday trade idea only. If entry not triggered by UK Close, then scratch the idea.

MatTheCat

Whilst structurally the Bull Market is still intact, Bitcoin has just flashed a strong short signal on the Weekly Chart, among a backdrop of yet more global Lockdown's with increasingly levels of social angst and unrest against government vaxx mandates and restrictions. Erm.."Winter is Coming" Technically, We have a strong close within the 5Ema Bands against a...

MatTheCat

For those who have the means and the patience to take a long term position on the market, as opposed to getting routinely dickfcked on intraday forex charts, charts don't get much cleaner looking than gold does.. Enter at around 1770. Ride up to at least 2400.

MatTheCat

Seems like a good day for a correction in the S&P500. Market is overstretched, and indicators are all painting bearish signals

MatTheCat

Overextended breakout rally, running into high volume resistance level. Long positions will start exiting here, and shorters will start selling. Entry is an conglomeration of Fib extension and retracement levels (not shown), a PoC on previous consolidation, and notch in visible Volume profile.

MatTheCat Updated 

Confluence of Harmonic levels line up right inside a 'Rinse Sandwich' (area between obvious Stop Loss Level and Structural Support. Keep stops tight for maximum rr, or widen stop for less rr, but less chance of getting dickfucked out ur position.

MatTheCat

Strong move up in USDJPY is overextended to an extreme. The Weekly PP and the trendline should send it back down into range.

MatTheCat

Textbook AB=CD harmonic has pushed up against the trend, since the HTF bear trend is still technically intact, expecting price to break down here, and push against the lows.....

MatTheCat

Perhaps a little bit late to the party here (see higher time frame trade) Attempt to sell Bitcoin on any kind of retrace into topping structure, I have opted for 50% retrace in this example.

MatTheCat

Whilst Bitcoin still has to be considered to be in a bull trend on the Daily timeframe, the 4hr chart indicators are showing signs of breaking down. The likelihood is that Bitcoin has entered a range, and needs to find support at the lower end of the range. Trade box is demonstrative only. Do own due diligence on 30 min charts for entries.

MatTheCat

3 highs, divergent with RSI trend. RSI trend has now broken down on the 4Hr Chart LTF chart RSI trend is consistent with price.

MatTheCat

Need to be quick to hit this. Bottom has been 'tested', and there are no doubt lots of bottom catchers all piling in. In my experience however, if the bottom was in, then 'they' would have run the stops out from previous pivot low, which they haven't...... track price with 61.8% retrace for optimal trend following entry. Trade box as shown on chart, is valid...

MatTheCat Updated 

Simple trend following AB=CD move setting up, targeting ~$1850. Trade triggers on break of $1725 area.

MatTheCat

Definitely bullish on Gold, but if Gold keeps pushing up and breaks out on this swing up, then have to consider the likelihood of a strong reversal back into the range coming off the back of it. Would prefer to see Gold retrace about now, and move back down into range. if it can get back down to around $1700 first, then I would hit the long on the break of $1725.

MatTheCat

Ref Chart to accompany Daily Signal Chart,