Nice little short play here on the DJ. Bearish divergence on the daily showing signs of weakness. Expecting a nice dip down as the week draws to a close.
One more push down on BTC to mid 5k before we get our C wave up to around 16K (assuming a 1:1 ratio of A:C). Short term, we should pop to around 9K if you wanted to scalp that. GL :)
Patterns tend to repeat themselves in Forex. Here we have an excellent example of a fractal in the EURJPY. Still needs one more corrective wave to the upside. So let's see how it plays out over the next few weeks. GL!
Looking at the previous fractal we've had one impulsive wave up (green box). We've just completed the flat corrective structure (red box). So we'll get one more impulsive wave up. Looking for around ~1.2% increase this week. GL! :)
Looking at the previous floor breakdowns, it always retests the support to confirm it as resistance. So we'll scalp the pop here for a 3:1 R:R. GL! :)
EURCAD looks ready to begin C wave of this corrective structure. First target would be the .618 fib, but it could go higher. GL :)
New ATHs with XPD look like a "blow off top". Monthly bearish divergence. Short here and check back in 6 months time. GL
Bullish divergence on the daily. Structurally, needs another 3rd corrective wave. Should pop! GL if you follow :)
Daily bullish divergence. Needs a 3rd corrective wave on shorter TFs. Looking for retracement to the .23 and .38 fib levels to take profits. Excellent R:R from here. GL :)
Should backtest previous support to confirm resistance. Roughly 2.5:1 R:R from here. Bullish divergence on the 4H chart too. GL!
Textbook CnH for the XAUUSD pair. Measured move of the cup gives us a TP of $1535. SL below the neckline of the CnH breakout (roughly 2:1 from here). Look for entry on any dip. GL :)
Bullish div on the 4H and daily (not shown). This should pop unless the recession is in. GL :)
Bullish divergence on the daily. Setup looks very similar to the previous green circle. Looking for a pop to ~1.63s. GL if you follow.
Almost identical setup as beforehand. Bullish divergence on the 4H. This should pop for a little bit. SL at the recent low. GL! :)
Daily bullish divergence, This should pop over the coming days/weeks. Just buy and hold. Check back at the end of the week. GL!
Looks like a perfect fractal with a great R:R from here (~ 3:1) with a SL at the swing low. If it is to play out, it'll be at our TP in the next 32-40 hours. GL :)
Bullish divergence on the daily. This should see a relief rally IMO. There is strong historical support at this price range with two strong bounces off it this year alone. Looking for a move up to that red box where resistance will be most likely found. Excellent R:R entering here with a SL placed 20 pips below current price. Gives around a 5:1 ratio. GL :)