RickSanchez187

RickSanchez187

AUD failed to break out of resistance at .71704 looking to short to .71212 and then .70694

RickSanchez187

Late night idea from Japan! We just hit out target perfectly at 1.12818 for a significant gain. I know there was a a lot of monetary FUD released which everyone is blaming on the drop but it was also perfectly aligned on the chart so bird or egg? Looking at where the price fell to we have created a symmetrical butterfly. Based on the time distance of the last...

RickSanchez187 Updated 

EUR has had a great day thus far, regaining from the previous sessions. On the 1hr we have formed another swan pattern and a potential double top around the 1.37 area looking at 1.3395 and 1.128 in the coming sessions.

RickSanchez187

Harmonic patterns indicate a M double top in progress on the daily and a Bearish Gartley on the 4/1 Hr Entry price 59900 , momentum entry below 59000 and again below 58200. SL 60200 TP 1-58900, TP 2 57250 TP 3 55600 and TP 4 Fib level 1.1618 @ 52000. Cheers Jordan

RickSanchez187

We have recently touched the bottom of the near term VPVR volume support box at 60300-60500 this level can support a volume rise to a FIB retracement of 62800. This is negated with significant volume sell pressure and a break below 60300. I see our follow on support level at 58000. Which I read as indicating a significant change in the strategic market trend,...

RickSanchez187

Tenkan-sen just crossed over the Kijun-sen on the ichimoku, indicating further downside. As noted in my previous charts the 62300 level will confirm the markets trend to continue down to the support at lower levels or reverse price action. We begin to push into the EMA ribbon here at the 63000 level which could provide some reversal action on the lower time frames...

RickSanchez187

With our recent rejection at the 1hr .236 Fib level we saw an immediate sell off with low volume. The Lack of Buying at support levels indicates a continued retracement to areas of previous support and will retest the new recent low of 62300. A four hour close below this level or below the previous swing low of 63800 will keep downward pressure and could bring us...

RickSanchez187

After touching the Fib 0 level at 62900 I'm looking for a retrace to the .236 level at 64400 to determine if the price will go lower or continue upwards.

RickSanchez187

Bitcoin saw its third test of the .236 Fib level (64100) since the correction. Continuing on my previous ideas I would expect further downside if it goes down to test these levels again. In the mean time Shorting at the top of the box 65500, 65400 and longing at the bottom of the box has provided a good day trading opportunity. Wait for the minute confirmations...

RickSanchez187

I posted my bearish TA earlier, however be on the look out for a bearish fakeout just like we saw a few days ago. Be prepared to close any short and go long to catch the slingshot action...Be nimble my friends.

RickSanchez187 Updated 

Watch 62700 as we retrace back to the .618 level, on a shorter timeframe we hit the .382 from the most recent drop and Bulls could not sustain buying. Below the 62700 level we have Ichimoku support at 62000. Like every pattern wit BTC, this is invalidated if we see 100 million-ish on a 15 minute candle with sustained pressure.

RickSanchez187

If the Bearish Engulfing candle on the daily closes, I would expect to see a retracement to the .618 at 62000, which coincides with a bounce off the EMA. Please thumbs up if you like this idea.

RickSanchez187

This is just my .02 but I am short from 51500ish and I expect to see a retracement to the 1 Fib level....this will hopefully forming a double bottom which we can long and send to the moon. ( I meant to publish this yesterday in the morning I think lol, but I just re-upped my position at 47900 with 11k contracts.) FULL SEND SUNDAYS