I think the USD is about to become dominant in the Forex markets. Taking big swing entry in EURUSD.
I think this big swing low in the USD just made a bottom. I am a huge USD bull now. USDCAD is my favoured trade, but I'll take a few others. I think we're set for a 300 - 500 pip rally in USDCAD.
I think my last buy level is going to fail. We're still trading there now but this looks more like a bear consolidation than a bull rip. I've closed out that one at breakeven and setting a limit order to buy at 47,500. Stop 46,870 and target 51,050.
Hit trailing stop in even on my last trade (Linked) and entering again into the better price of 48,600. Still looking for the parabolic. This looks like nice whipsaw action to set that up. Parabolic into the high and a terminal high, that's what I expect.
It looks like my previous analysis is going to be invalidated. The head and shoulders in the linked post will break and when we have a breaking of a head and shoulders we'll typically see a butterfly pattern. This would give a projection of a parabolic move up somewhere over 50. Pending orders to buy a dip, and if I see what I am looking for over the next couple...
Looking to catch final momentum moves into the resistance level. Buying 49,600. See related ideas for target/reverse
5 wave expansion out of the low. The topping section of this is a small 161 extension of the last drop (Consistent with wave 5). Now I'm looking for ABC set up and then later the big crude bull.
BTC is now getting into the major test levels. This is where we'd be most likely to find support and if we did we'd probably be looking at 52 - 53K before we wanted to short again (After a parabolic move) but in the near term downtrend patterns are holding and a break currently looks more likely. If we break here, the head and shoulders comes into play. It can be...
Got stopped out my BTC shorts 48,260. Looks like a fairly legit breakout and we're probably heading into a D leg of a forming bearish butterfly pattern. 46K has not be able to break and if that continues to be the case my bias is more towards 52K hitting. Planning to short in that area. Limit order to buy a retracement.
Bug spike in a harmonic pattern. Might be the parabolic D leg. Really close to my stop now. If we continue higher I'll be out and maybe looking for longs but this is optimum RR sell level.
AAPL bearish butterfly pattern might be getting ready to complete. Various major large bearish patterns on big stocks now. Feels a bit like a news event is coming. Harmoncis often start (And end) with news event.
Spiked out previous lows and retesting the big resistance level. Shorting now. Probably strongest area for bull risk here but if this hold we can break 46K and then we're in strong bear areas. This should be a big inflection point. Might be an important day.
Shorting TSLA on the 76% fib resistance level of the last big down swing. If TSLA is starting to enter into a downtrend this should be the area we find the bears.
BTC break looks like it might be under way. Adding to my short with the same stop as in related post.
RUT may starting to form the first parts of a bear move. We've had a 5 wave decline and ABC correction to this. This may have built up a bigger elliot leg. If this is making a big wave 2, the break of the low would be a really strong move starting.
SPX is trading a bit above a big resistance level. We're within the type of variance zone spike outs can commonly go and this offers a pretty high RR opportunity. SPX is weakening intraday currently. It may break supports.
Limit order to short BTC at 47,900. Looking to see an ABC correction to fill the retracement levels.
Target hit on short. Expecting a small bounce and then a bigger short. Quick long trade.