MolokoMoney

MolokoMoney

Reduced Risk entry w/ a corresponding three touch correction, indicating a probability that the pair will form a continuation leg to the downside.

MolokoMoney

Double Top Re-entry.

MolokoMoney

Channel Trade. Right Shoulder forming. Tight Stop.

MolokoMoney

Seems about right.

MolokoMoney

Trade the structure, F*#k the news. Whether Labour or Conservatives win we will ultimately drive this chart down

MolokoMoney

SPX correlation to the Yen paints the exact same picture as December 2018 with a correction of the stock market imminent. Structures repeat themselves and coincidentally it seems risk sentiment is also the same at the same time of the year as last year (Trade uncertainty & Brexit uncertainty). FUNDAMENTALS aside, this bearish bias is supported by a very...

MolokoMoney

Just like USD/CAD, a short might be enticing now but we need to be patient and let the market decide the level at which the most effective short exists. In the meantime analysis on lower timeframes for exhaustion in Dollar buying should be considered and price action closely watched. DON'T LET RETAIL BROKERS HAVE THEIR WAY WITH YOU! Only enter after confirmation.

MolokoMoney

Two Scenarios for possible shorts. If not now (most likely not) , then we will be looking for shorts within the next 100 pips to the upside (in the eclipse or just above) The existence of both an inner and outer structure (two key horizontal limes of support and resistance to some of you) is definitely going to catch a lot of people on the wrong side of the market...

MolokoMoney

After a fake break of the trend line and what appears to be a retest to many retail traders, price action and pattern separation actually suggest a bearish picture all the way back to the bottom of the structure. Most probably in a symmetrical manner as the previous downside move.

MolokoMoney

Price action currently at a great point of confluence. A three touch structure on the HTF (Daily) as well as the 4-hour. Risk-reward is looking healthy and a risk entry is very ideal on this pair. We may go up very slightly to catch retail traders (with a bullish bias) on the wrong side before a big impulse to the down side.

MolokoMoney

Self-explanatory.

MolokoMoney

Fake currency. RSI Divergence.

MolokoMoney

THE DOLLAR IS KING. But for how much longer?

MolokoMoney

Break & retest.

MolokoMoney

This big bullish dollar impulse won't stop team BEARS! Safe haven flows are still keeping the Swissy afloat and it will continue to strengthen in the near term. Respect the overall bearish structure and ride the wave.

MolokoMoney

Simple. Basic. Break and retest.

MolokoMoney

As much as there's been a very strong bullish impulse, we are largely still in a bearish structure and price has just stalled around the 61.8 Fib and looking like it will bounce off this key level to the downside.

MolokoMoney

Impulse - Correction - Impulse. Simple Maths. Wait for a break on the 3rd touch of the outer structure.