ShipsyCapital

ShipsyCapital

Good luck all. Facts: - reached the top of a trendline that dates back to the 1980’s which I’ve seen other pros call the “1980’s battle-line” 👀 Monthly TF - volume coincides with some braking power - RSI seems pointy downward - the 2015 trendline looks magnetic - the weekly candle just closed 13th Dec speaks for itself - zoom for that one. - the short term MA...

ShipsyCapital

Good luck to all. Some Facts: - reached the top of a trendline that dates back to the 1980’s which have seen other pros call the “1980’s battle-line” 👀 Monthly TF - volume coincides with some consistent braking power - RSI seems pointy downward - the 2015-18 trendline looks magnetic - the weekly candle just closed speaks for itself - the short term MA and...

ShipsyCapital Updated 

As per the chart, the plan is to trade the wedge with a long term support edge. There are some volume profile gaps we have to hop, with little wind, but we must stick to the plan. NATGAS could sail past them. It is encouraging to see a break through the 50. Lets see if it can get to the TP area, calmly. Good luck all.

ShipsyCapital

As per the chart plan, the plan is to sell a megaphone top. As always, looking for entries that could consider themselves potential key turning points, not going to call them high probability trades, they never are, it's only good money management and pure grit (look at my other posts avast and deliberation or frustration at points!). Relaxed on lot size, not to...

ShipsyCapital Updated 

Plan as per chart pattern to trade a megaphone bottom, or inverted symmetrical triangle targeting profit area which is approximately on the other side of the megaphone.

ShipsyCapital

As per chart, looking bullish and perhaps ready for a change in direction and accumulation, combined with various other confluences of price action, RSI bottom and S&R trend. Looking to target Daily top of channel approx. 1.37 over the next 25 days monitoring price action (if it goes that way at all).

ShipsyCapital Updated 

Wyk'f Distribution. Daily trendline downtrend. Volume profile shows 1830 which could be a new resistance. It would not be possible to go back above 1830 because there are no orders there, therefore why would price return at all. Let's discuss.

ShipsyCapital

Selling into Distribution. Going aggressive around the LPSY area. Boy Scout has fallen through the ICE, about to drown. Anchors away.

ShipsyCapital

1) Break down of H&S, and descending triangle. 2) Break up continuation of daily uptrend. Either case wait for confirmation.

ShipsyCapital Updated 

Bigger picture bigger timeframe view. LL and LH on Monthly. Pullback to bear flag break showing potentially good RR entry and longer term direction. Longer term monthly target at 0.5 fib. Popular support at 72. This could take a while.

ShipsyCapital Updated 

Would be interesting to see if bearish pennant or something similar forms here after rejecting the weekly trend to continue the distribution just occurred. COT reports have shown clear change in sentiment over past 3 weeks - see Monthly Idea for data. Next Target 82.

ShipsyCapital

- Double top, good supply area. - Decreasing volume rally to upside. - Increasing volume to downside. - Low order volume at 83 through market profile, potential price vacuum for further decline. - Possible Monthly bear flag pull back entry. - Good entry could be pullback to ICE or break through LPSY = PSY. Ideas only.

ShipsyCapital

A mixed bag but approaching key levels and still waiting. 4 possible outcomes. What a week A has had vs J. AUS must be out of lockdown!? (Pent Up Sentiment? Will there be a Monday hangover with RBC meeting minutes next week TUE 01:30 GMT (check out my economic calendar if you can find the website). A couple of things: - Point Of Control (POC) magnetic market...

ShipsyCapital Updated 

Per Chart. Supply block >83.50. Order block (buying curve) finished(?). Regular RSI divergence (to put it to bed without hesitation). RSI pointing south. 4H close confirming. Break below 83 for home. TP1 - 81.30 TP2 - 80. SL - 84.50 DYOR. 🌊

ShipsyCapital Updated 

Per chart, still working on this pair on the 4hr as the previous bearish gartley develops into possible bearish bat. Not over yet for the bears here picking up some fresh sell orders. Somehow a textbook .886 X-D retrace potential setup. Funnily enough, if you zoom further in on the 30 min chart you'll see this hangs on a doji . On the previous Gartley TP1...

ShipsyCapital Updated 

CADJPY has been temporarily sleep-walking up out of a down trending channel through an up thrust. Some resistance rejected at 88.30. Smart pin. Expecting to return back in line revisiting the channel. Exaggerated Divergence (Bearish). TP1 - 86.50 TP1 - 85.50 Good loot management in play.

ShipsyCapital

It's a sell idea. Messy but there are a couple of confluences (see chart and read with your experience). I am continually bearish on this pair, perhaps stubborn, we will see, I've seen a few bull ideas with good RR also. Target for these harmonics I like to go with B as main objective as market ideas change with every timeframe as they evolve (each is a point...

ShipsyCapital Updated 

Per setup idea on the chart - possible bearish setup on the AUDJPY . Good loot management in play.