MatTheCat

MatTheCat Updated 

Despite the very nice Key Reversal candle which has also formed the top of this Ascending Wedge pattern, for me this EURUSD Short is not yet oven ready. Until RSI support line (shown above) is breached, there remains a strong likelihood for any Stop's above the local pivot high to be run out. Trade box is for illustration purposes only.

MatTheCat

There is a Bear Gartley working on a HTF, so have to consider this as a counter trend idea (gulp...usually doesn't turn out well when I state this in my notes). However, price has been very directional since the breakdown at the resistance trendline and therefore, a retrace is due, imo. RSI, the best indicator out there, bar none, imo is divergent with price and...

MatTheCat

RSI has broken out confirmed bullish. Confirmed Bullish market structure, with price currently testing the consolidation range, setting up a potential Bull Cypher harmonic. This is just one setup idea, to trade USDJPY, which imo, is in need of a bit of upside action.

MatTheCat

GBPUSD is testing top of mini channel, Bear Gartley has fired, RSI is breaking down on this time frame, and is positively bearish on LTFs.

MatTheCat

Had a few frustrations the past couple of days with dicking around with too deep retrace entries after a setup has confirmed (and consequently missing the move), so in this instance, I am looking to front run a small iH&S on the 30 minute chart.....would advise that anyone else who likes the idea of a USDJPY bounce trade, waits for more solid price structure to...

MatTheCat

There seems to be a high number of Trading View members posting XAUUSD short ideas, which in my view probably means that the trend will keep on pushing up popping all these guys stop losses. No doubt about it, this trend is getting very long in the tooth by now, but I don't see any short signals on any of the HTF charts, and a setup is a setup. Here we...

MatTheCat Updated 

I have had my eye on this forming bullish Bat Harmonic for the past couple of days, but have probably missed the optimal entry. I shall continue to work my bid at the text book Bat entry level (as if they actually ever get filled on a successful Bat trade), but am keeping my eye on the forming diamond price structure, for further signals that might warrant taking...

MatTheCat Updated 

On the higher time frame charts, GBP looks like a short. However, I don't see it going down without first taking out all the premature shorts with their Stops behind the pivot at 1.3700. This is a trade idea looking to take a slice of that upside action. I find it is often prudent to take profits on these Harmonic Gartley style trades around the 78.6% trend...

MatTheCat

Daily Gold Chart is putting in signals indicating that the bull trend is well intact and ready to push higher up the chart. Trade entry is set to notch on consolidation Volume Profile. Gold however really does like to play the Fibonacci Levels, so perhaps the swing 61.8% level at $1560 would prove a more prudent entry level. As always, I like to operate a...

MatTheCat

Ascending Wedge has fired. If you missed hitting the break, a 61.8% Retrace entry might provide a 2nd opportunity. There is also a Bearish Bat Harmonic working on a HTF.

MatTheCat

Untidy bottom in need of testing in AUDUSD . Current rebound starting to look very tired. Whether to enter AUDUSD on tag of Harmonic Level or on confirmation of reversal signals on Lower Time Frame charts is at the traders discretion. Whether to aim for a retest of the bottom, or a continuation of trend, is also trader discretion and something which may not be...

MatTheCat

Detailed description is provided in the text boxes in the chart. On the Higher Time Frame Charts, US30 (DOW) looks ready for a bit of corrective action. We have already had the FU move to put in the ATH, with considerable reversal configurations in place on Daily Chart, am watching the Lower time frame charts for this Harmonic Gartley (bat) trade to set...

MatTheCat

Trading textbook setups like the BoT may well just get you routinely fkd up the ass in Forex and/or on LTF equity charts. But scale up to the vHTF charts, and it is a very different story (it would take Alien Empire proportions of market clout, to pull a FU move on the structure base @$1050 and run all them central banks out of their positions). This Beamish...

MatTheCat

RSI trendline breached, and retested twice. Forming inverted H&S in price. Wait for H&S to confirm, and enter on retrace.

MatTheCat

Great big fake Bid Walls on Finex to the tune of thousands of BTC.... encourages n00bs to FOMO and pile in front of the whale Bid wall and then....KABOOM! .....seen it all before.

MatTheCat Updated 

VP based retreat back down to PoC

MatTheCat

I say this 'break out' has all the makings of classic FU move. HTF indicators do not support this. Volume very thin. Short back to value using VP.

MatTheCat

Fibonacci RLZ has been explored and price looks to be resolving bearishly. Descending Triangle on 30 Min RSI supports this. Target is 50% retrace which lines up nicely with some horizontal support structure from previous dip.