After having much success trading this down over the Christmas Period, EURUSD Looks to have disproved the fakeout of 1.05 and we will look to jump on the wagon for the next impulse on its way back to 0.96 - Providing a good retest is given allowing at least a 2:1 RRR down to 1.2, which is the 61.8 Fib Level of the weekly move up.
We've been in this trade Short for a couple of days now and price is continuing to show sign's of exhaustion through strong rejection wicks to the upside. It is an obvious Break of Demand & retest as Supply so the play is as a continuation down to around the 84 threshold. Typically waited for a rejection at previous Daily close area's to signal a reversal around...
Simple, don't buy into Supply. Forced to make this due to the amount of positive Bitcoin posts on Social Media right now. If you want to buy it, wait for the break and test of structure.
Multiple reasons to short this based not on the recent Bullish breakout on the shorter time-frames, but on the longer rejection area's. Of course Forex is random factors so we wait for everything to allign before going short.
I love trades like this, a cheeky Head & Shoulders formation at the top of a potential Range. Nice big round number, very simple trade.
UCAD staircasing its way up to the supply Zone in a loose ABCD formation, dont sell it now there are plenty of reasons to sell it in the peak supply area instead.
Is EU telling us where it is going to be heading in the year coming? Looking at an On-Trend Continuation in the current area. 61 & 38 Confluence on the 1.15 Mantle, wicks out to the top, Previous Price Reversal Area, 3-4th Loose hit on the Downtrend line, 100EMA floating across the top. Very nice set-up, possibly for the first half of the year.
- Bullish Wedge - Daily Regular Bullish Divergence - Huge Short Sentiment (Contrarian positioning) - Previous Price Reversal Point ** Note I did say 'risk what you cant afford in the video, obviously I meant only risk what you can afford **
Great RRR on a potential (loose) Three Drives Formation on CADJPY. Trend-line hit on a Daily Support zone , potential Double Bottom . Lovely S&R within the lower channel of this traditional pitchfork. Look for the 127% Extension for an Maximum TP before the big drop.
Simple trade set-up. Double Demand hit off Weekly Horizontal and Daily Trend-line. Nice Hidden Bullish Divergence on the Daily. Look long from this area.
I post uninterested in the hoards of positive outlooks across Tradingview. Kep it raw, keep it real. Its a long term game think long term. Think of therewards from buying lower, dont throw your money away now.
A rare piece of public analysis, and more a warning rather than anything else after seeing so many Bullish BTC idea's on here. Lets face it, its exciting that BTC is on the verge of a potential breakout, Volume is low as can be, price is static within its Descending Triangle, something is going to happen this week. But its important that your Bias stays Mechnical...
Gold Double Demand Area - Price bouncing off 2 extremely long term area's of Demand on Horizontal & Diagonal Plain's, Very simple, look for a little more Bullish Price Action before positioning yourself for a potential long term hold.
Quick Video for my team showing what I expect on EURUSD and how the EMA's I use as confluence will play their part in confirming entry and TP point.
EURAUD had a huge rejection from the monthly resistance range which broke the uptrend and started the potential long-term reversal pattern. Price is peaking on the Right Hand Shoulder right now so we are awaiting a trend-line break and to short the retest for a 900 pip move on a completed pattern.
GA has broken its 1HR mini range trendline and has retested the 61.8 so the downtrend should continue from here, multiple areas of confluence and fibonacci support the theory and a Aussie that appears to be strenghtening. THE Long Term EMA's may cause you some trouble though.
Price reversed at the Monthly supply area with a 5th Wave deeper correction we are now looking at the right shoulder for a completion of a Head & Shoulders formation with a view to a potential 1000 pip down-move. Beware of the Aussie Dollar though fundamentally while the Euro looks fairly Bullish against the Dollar the Aussie does not.