dmitry089234

dmitry089234

Euro Dollar 2 Week timeframe. Disclaimer. I understand that in a period of instability, especially during a war, it may seem useless to make forecasts, but since the market has become a part of our life, I will continue. Factors that point to a further fall in the euro. Europe's sanctions against Russia obviously harm Europe itself more than Russia. Gas costs...

dmitry089234

I think we are in an accumulation trading range now, and we can expect the continuation of buying activity. I still need to see some kind of confirmation, so I'll wait for a retest of local POC and if the sellers couldn't go lower, I'll buy. That's the plan for tomorrow.

dmitry089234

I have two scenarios for the next day. 1. The previous Low could be a Fase C with a Spring signal. In this case we can expect a bullish movement up to 39700+. 2. If the buyers won't go higher, we can expect a new retest as well. See POC at 35000.

dmitry089234

I think we have a classic accumulation pattern now. The trading range shows clearly the support and resistance levels and buyers, maybe some CO, also appeared with bullish candles. After the BU action we can make a new High in a few days. Let's see.

dmitry089234

I think we are finishing current distribution model. We have already had the phases A, B and C(as an UTAD). After LPSY I expect the down move until 1888. Trade will be active when we pass the POC(the red line) of current trading range.

dmitry089234

Please note, this is not a daily chart, 1 bar = 4 days. Scenario 1. A-A trading range, the previous high (69k) can be seen as an Upthrust and a Signal of Strength. At the moment, we have reached a significant level of POC and there is a possibility (according to the theory of cyclicity) that after the 25th there will be a rebound upwards. Also, the further...

dmitry089234 Updated 

I think we can try to buy from current position. We already see the reaction from support zone, so let's wait for some pattern and trade it.

dmitry089234 Updated 

I think It could be an accumulation pattern. We already had a Spring & test events, let's wait for a while.

dmitry089234 Updated 

I see the current movement in an ascending trading range and right now I cannot tell if this is an accumulation or distribution pattern. I still need some kind of confirmation, some kind of climatic action that I do not see at the moment. I think that the price could test the current POC @1.1288 and buyers may still be waiting for better prices to open their positions.

dmitry089234 Updated 

I assume we are in a distribution trading range and now was formed a Last point of supple event, so decided to sell BTCUSD with a very short SL.

dmitry089234 Updated 

It seems the sellers dominate at this moment, I'll keep selling Gold.

dmitry089234 Updated 

Today, buyers again failed to overcome the resistance level, or maybe they just want to accumulate their positions for a few more days. Anyway, tomorrow I'd expect a new test of support level 1780 or even 1774.

dmitry089234 Updated 

This Thursday I was expecting a buyer's activity, but probably he was waiting for better price on the market. I'm sticking to my plan and bought yesterday, but we barely made it to 1787, and of course it was disappointing. In channels B-B and C-C, the current local minimum can be interpreted as a Spring event. But first we have to go through 1783 again, which can...

dmitry089234 Updated 

We have a Character Change event now, so we will probably create a new trading range this month. We completed Phase A yesterday, so I am awaiting the development of the longest phase, Phase B. Let's wait for a while and search for POE on smaller TF.

dmitry089234 Updated 

For the next day, let's take a look at B-B channel, I think we are in the end of Phase B now. In a few hours I'd like to see Phase C, it could be a Spring event or just a new higher low. Last ten bars, we've seen the absorption of supply, so I hope to see the continuation of buying activity.

dmitry089234

After the Phase C, I expect to see the next higher high, it could be 1.145 zone or even higher. Let's wait for a retest and buy it again.

dmitry089234 Updated 

By looking at 'Bar 1' on the chart, we see that the buyers are probably exhausted. The volume is large, and the result does not correspond to it. It could be a sign of buyer's weakness. Anyway, the buyers still can't pass the resistance level, so I'll try to sell with small SL. Good risk-reward ratio.

dmitry089234 Updated 

We are in a bearish rally supported by good volume, and I think we still have enough fuel for the next decline. The first TP is POC of the previous day, the second TP is ~4444. I'll sell when we'll break the trend line.