UnknownUnicorn2349278

UnknownUnicorn2349278

I'm not sure which way GBPUSD will go from here. It's approaching a significant weekly zone. It may linger in the zone for a bit before returning higher. I'm just watching it for now.

UnknownUnicorn2349278

I initially thought my pitchfork had been invalidated but after staring at the chart I decided to add the 2nd deviation band to the pitchfork and found that it's still following my bearish prediction. I moved my SL down but was too conservative and got stopped out in the night. I re-entered this morning. Unfortunately I was a bit hasty and didn't have the best entry.

UnknownUnicorn2349278

NZDUSD is lower than it's been since November. I entered a short position at 0.67177 and moved the stop loss down from it's original position. The next major level I marked on the zoomed out chart is at 0.65399. While it follows this pitchfork I'm watching for any opportunities to scale into a larger position.

UnknownUnicorn2349278

I zoomed way out and found the significant support and resistance lines EURUSD has respected over several years. Based on those S/R's I can see EURUSD either breaking up from here and testing the Weekly horizontal or continuing lower, testing the diagonal until retesting the lower zone.

UnknownUnicorn2349278

BTC is still following the pitchfork down to the next zone around $35k. I expect it will move sideways inside the zone soaking up fills and possible wicks into stops. I dollar cost average BTC with regular direct deposit, Blockfi credit card, Coinbase USDC card, and Revolut roundups. Considering where BTC could go in the next 10-100 years I don't want to trade...

UnknownUnicorn2349278 Updated 

I looked at this setup last night and set an alert. After the Sto RSI bottomed out on the 1H and the price tested the bottom zone I opened a 1:3 RR at 0.67599 with TP at 0.68299 and Stop Loss at 0.67327. I'm trading on a very small account or I would place a partial TP at 0.67936. I'll be watching and move the Stop Loss up to a zero risk trade once it clears...

UnknownUnicorn2349278

I'm watching GBPUSD to see if it tests the support zone and uptrend line. It's in a general bullish trend so if it retests in the next couple hours I will look to enter a long near 1.36.

UnknownUnicorn2349278

I've been playing around with different indicators but trying to keep it simple. I really like the SpacemanBTC Key Levels. I think CADJPY was trying to break bearish out of the pitchfork but caught resistance from the monthly high and monthly open. The 4H and Daily MACD and Sto RSI may be moving to flip bearish. I wouldn't trade at this point because I don't...

UnknownUnicorn2349278

FX:USDCAD The MACD on the 4H indicates USDCAD is starting to lose bullish momentum but the Daily shows it is losing bearish momentum. Sto RSI is between 80 and 20 on the 4H but trying to cross into a bullish reversal below 20 on the Daily. Since it has rejected the bottom of the zone I marked for the last four days while below the first deviation band of the...

UnknownUnicorn2349278

Price has fallen below the lower bound on the Daily. I'm looking for it to retest the lower level at around 0.905 before returning near 0.92. If it tests and clears 0.92 I will consider opening a long position.

UnknownUnicorn2349278

I tried trading LTC on GDAX back in 2017. I lost enough money to realize I needed to learn much more before jumping back in. I really haven't been following #LTC so I identified some significant levels to watch.

UnknownUnicorn2349278

I placed a buy order this morning on USDJPY after reviewing the chart with the 1H, 4H, and 1D MACD. It's gone up to the zone I've marked. My stop is at 113.503. I added the moon phase indicator as a quick shout out to @marenaltman

UnknownUnicorn2349278

I marked a significant zone and did not see any solid pivots for a pitchfork but noticed a few reversal along a centerline so I used the regression trend tool and extended the upper and lower deviations to 3/-3. After placing the channel the centerline is not as visible as I thought. I'm mostly experimenting with the regression trend and watching for now.

UnknownUnicorn2349278

I've been watching USDMXN for a couple months now, watching it play out this familiar pattern. After forming that slight curve and starting to consolidate at the bottom of the zone it may be time to open a long. What is everyone's opinion?

UnknownUnicorn2349278

I like these clean pitchforks. If it reverts to the centerline I will enter a long if the volume looks good. I did have to search around for the first point to place on this Andrews Pitchfork. I think the false pivot I labeled doesn't work at the first point or any point in the pitchfork because it's just sort of a blip on the trend and not a true reversal. I'd...

UnknownUnicorn2349278

This is a continuation of an earlier idea I kept private. I think GBPUSD will drop and test the lower zone I highlight before returning to the centerline and again testing the bottom of the pitchfork and lower zone. I will likely scale in at the lower zone with a stop loss under the pitchfork.

UnknownUnicorn2349278

I do not hold any Shiba and have no plans to buy any. I just wanted to draw what I think are support lines and a significant zone. I think the ATH and price action immediately after was mostly a result of positive social media sentiment and retail chasing the meme coin aspect so it's a lot less significant for a long term support/resistance zone. The lines I...

UnknownUnicorn2349278

I was learning about the differences between the Andrews and Schiff Pitchforks. I think the Schiff applies to the current USDJPY chart better than the lines I drew before. When it reverts to the center line I'll like try a small position.