ZenFlo

ZenFlo

Outlook for GJ on the weekly chart is very bullish with price breaking out and retesting a 6 year structure where the price has previously ranged, we can now look for buy setups on 4h, daily chart, after this post I am going to make a better view for you guys on the daily chart on what could be a great entry into the market, I will also attach my out look for JPY...

ZenFlo

JPYX is in a strong downtrend, you can see I have used the rvi indicator and noticed huge levels of divergence, this is a different reading on the indicator to what price is doing, so an example in this chart is the lower high in price and the higher high on the indicator, these are subtle signs that there is disturbance inbound, these divergences can often lead...

ZenFlo Updated 

Oil makes a double rejection of the $102 Level, and we are seeing price action that suggest a strong rally is inbound. We can enter long traders and aim higher, either first arrow or second arrow as TP1, TP2, Highly volatile so trade with caution and respect for the markets.

ZenFlo

So we continue on from the previous pivot post, I have now worked out all the levels and shown you the formula to do this for yourself. These levels like I said in previous post are great for when you are trading intraday, they can work as trade points or used to put stop losses the other side off. S3 and R3 are notoriously tough to break, you can watch price...

ZenFlo Updated 

Price under our calculated pivot point, price has returned to the EMA89 average, and we can look to short GU down to 1.2197.

ZenFlo

EU looks good to short from this area after appearing to have failed to break this supply zone.

ZenFlo

Trading requires entries similar to how a computer would enter positions, what I mean by this is entries should be so disciplined it hurts, when you are sitting there bored in the early hours of the morning and you take sloppy trades this has an effect on your results! you should create enough discipline to be able to trade a specific time frame when your entry...

ZenFlo Updated 

Possible BTC short using the pivot as resistance, bearish price action suggests we could look at a sell trade and aim for S1, S2, 20k and 19.5k.

ZenFlo Updated 

EU has pulled back after breaking the ema89 signalling us to look only for sell trades, price has pulled back, I have tagged a chart of DXY which shows how we have a pinbar and are trading above the ema89, so in EURUSD we look for shorts, we can look to take this trade based of the $ rising. Look for a return to the contraction which is the TP1 this range will...

ZenFlo

In this quick tutorial I have shown how you can take the formula (high+low+close)/3 to create a dynamic support and resistance level, which you can use to make trading decisions, only buy above pivot and sell below. Now it is handy to have an indicator to do this manually for you everyday, as every day a new pivot is generated. This pivot will filter down possible...

ZenFlo

DXY is trading above the ema89 and the ema8 is above the ema89, we have since got a pinbar and we can start thinking about possible continuation in DXY to the upside, as such short entries in EU start to jump out.

ZenFlo Updated 

Ethereum prints a lower high on the monthly chart and looks likely to fall considerably either to the previous high from 2017 or too the volume from March 2020.

ZenFlo

Now an unusual entry, a Chinese Stock Xiaomi, Harmonic pattern is complete and we can look to buy some Xiaomi shares and aim for the two targets shown on screen or possibly higher.

ZenFlo

Correlation time, DXY, SPX and XAU, compared to BTC.... Rising DXY, Ranging XAU and falling SPX, we can see from this chart, that BTC is acting in an inverse manner to DXY, and is falling like US stocks, as we enter a new stage of the market and the problem of inflation we are seeing the FED Raise rates and introduce tapering measures, less asset purchasing, since...

ZenFlo

Here I have shown how the EMA8 and EMA89 can lead to good results by using the EMA89 as a baseline and applying the rule, buys above the average and sells below. To find entries look for pullbacks to the average of breakdown and breakout of order blocks, things like inside bar to find momentum should also find results, you could experiment with oscillators in...

ZenFlo Updated 

Bitcoin we have to give credit where credit is due has been strong from the October 2020 time to around October the following year, but now in my opinion BTC and the Crypto market is general is under threat, VIX is rising and this means Volatility and Ill confidence is brewing, Stocks are beginning to fall from their almighty Post-Covid rallies, XAU is falling...

ZenFlo Updated 

GU is rejecting the volume, we are seeing DXY rise considerably we can look to short GU.

ZenFlo Updated 

CJ is highly correlated to oil price due to Oil being a top export from Canada whilst In Japan it is a top import, what we are seeing on the monthly chart is signs of strong rally, we have inside bar giving us a TP1, and if we see continued Oil price rallies, we could expect CJ to grow higher and higher.