jan80hansen

jan80hansen Updated 

One of my favorite indicators is retail traders. Usually, they are wrong... The brokers I use at current time have 70- 80% retail traders short, and the price is just squeezing down. That leads me to believe that we will see EURUSD stabilize and range at this point, and then move higher. I could continue to squeeze down through the week, but shorting long with a...

jan80hansen

Booked profits on Friday and looking to enter long again. The W pattern on 4h suggests that the price will stay above 37USD. A break below could lead to a further downside to 33USD. However, the weekly structure and trend cycles suggest more upside. Please check out previous posts below and share your thoughts on oil:) Have a great week!

jan80hansen

Gold Prices have been ranging for 2 months now, and think we are coming to an end of this range cycle soon. The recent price movements last week lead me to believe that we are on the path of taking out Nov 2011 high around 1803USD. Ideal entry would be in the mid-1720s again for a stop below 1713. If shorting is your plan, I wouldn't recommend doing that before a...

jan80hansen

GBPUSD is trading within a huge megaphone on the weekly charts starting in late 2018. In June we've taken out the mid-stop range of the megaphone and dropped sharply at that point. I would be cautious looking for further upside at this point. But look for price to hold above the low of the 3rd wave. Holding below 1.238 would suggest further downside. For now,...

jan80hansen

EURUSD Most likely continuing to squeeze down today, and most likely uneventfully Friday trade. But watch for a move above 1.1250 for entry long. As for me, I'm stepping to the sidelines and not interested in shorting. Retail traders are above 70% bearish on this pair, and the price is still just squeezing down... That leads me to believe that we are at the end...

jan80hansen

I've noticed some similarities in the wave structure of the 2018 drop and 2020 drop. Movements are ways more intense in 2020, but I believe there is more up before we will probably be stuck rangebound for a while. We will probably see a top soon, and a move above 54 seems very unlikely. Currently in a trade to take out the previous top around 40.5USD. If you...

jan80hansen Updated 

I placed a stop entry short on the white line SL red line Target Red Line A break below 1.310 should confirm more downside.

jan80hansen

A move above 1.83 again would suggest a bullish entry. At that point, I will look for a 4 close above this level to confirm further upside A break below 1.813 would suggest further downside. Here I've placed a stop entry already, as wave structure should be complete and likely to not range anymore at this level.

jan80hansen

I triggered a short from 9400USD yesterday, thinking to take out 8900USD first off. Seems like the price will probably continue to range a bit above 8500. The stop is above the red line.

jan80hansen Updated 

There is an evident head and shoulder formation. But there is no clear neckline. Price is just continuously squeezing down at the current time. Usually, this calls for a reversal, and look for a bullish short term entry above the white line. Take a look at my other related ideas as well. You can clearly see it is a very bullish underlying structure here on the...

jan80hansen

In light of yesterday's price movements, I have placed a buy order on USoil. Stop below the last point of support around 35USD. In this case, I will not wait till breaks out above 39.2USD, as D produced to support and pushed the price higher than C. Therefore, it's a pullback for a larger move up in my opinion.

jan80hansen

BTC had been testing this level between the 2 lines for a whole day now. I'm pretty confident that a breakout above or below would lead to a significant move in either direction. I've placed a stop order buy on the green line, and stop short below the red line. Stops are placed on adjacent lines. The open target for now.

jan80hansen Updated 

It could go to 1.1.360. Above that, I will consider getting out before ST hits. I do think there is more up on €, but I think we are looking at a move below 1.12. This is a short term trade, so just targeting 1.1211 for now.

jan80hansen

Me personally, I don't enter a trade every single day. Instead, I look for those positions where I know the direction for days on end. So here you will see an effective strategy to stay away from ranging markets, and know where to enter a trade, and feel confident about the direction. You can use this strategy down to a 15-minute chart, but I wouldn't advise...

jan80hansen

Seems like I got the bounce I was talking about yesterday. I've placed a Stop order below the bounce with an open TP.

jan80hansen

I posted yesterday on being cautious about going long at this level. Price has been holding above this support structure for quite some time. But the lack of buying at this price leads me to believe that we are slowly receding back again to the 7000 levels. It looks tempting to jump in short here and keep a tight stop above 9600USD. But, I'm going to follow up...

jan80hansen Updated 

A move below 1721 would suggest further down. Short term trade setup: White line Stop Entry Short Red line Stop Loss Green is Target

jan80hansen Updated 

I would be cautious about entering long here on BTC. I'm neutral for now but looking to either enter a short when price brakes 8900USD (short term) back to 7000. if price holds able this price I might consider long. But the safest way to play it is finding a daily close above 10300USD