theroadtoprofit

theroadtoprofit Sep 13, 2021

All commentary on chart. Sentiment + positioning analysis

theroadtoprofit Jul 29, 2021

Today I would like to present a cross-reference analysis of AU, EU and GU. The white zone represents pivotal zone from July. As you can see, both GU and EU have managed to reach these zones, with GU breaking above. I can't help but notice the relative weakness in the Aussie. Closing candles above the highs at .74 should open the door for a catch-up run. Green...

theroadtoprofit Jul 12, 2021

I present AUDUSD as it is looking a bit exhausted to the downside on larger timeframes. All commentary is provided on the chart I see a high probability long trade if we can get a push and close above the local resistance (.7495)

theroadtoprofit Apr 19, 2021

Looking for signs of a reversal here soon for the DXY. Structure looks clean, just need price action to confirmation to begin to scale. Good Luck

theroadtoprofit Updated  Mar 25, 2021

UJ finally broke out of painfully long consolidation, looking for a slight pullback or flagging structure to go long.

theroadtoprofit Feb 8, 2021

No, the money printer just needs more toner. They have not turned it off. Standing at the current junction, from a monthly chart perspective all is well for continued consolidation around these levels until price is ready to take off. On the daily price is still ranging forming the larger flag, albeit in notoriously choppy fashion. No reason at this point to say...

theroadtoprofit Dec 16, 2020

Update to the original post. Price pushed up more impulsively for the first wave than originally expected, so the pullback down to 1817 should be sufficient to generate fuel for the next push up. Today's intraday fed-induced short-covering seems like a spark for another push.

theroadtoprofit Dec 9, 2020

Same Idea, just looks like they wanted to grab some more buyers with a higher high. Sentiment should be nearing highs considering the vaccine news. The media shepherds should start making their way over to the panic cycle which I'm predicting runs through q1 2021. We have not yet broken trend so this is all hypothetical until price action confirms.

theroadtoprofit Updated  Dec 7, 2020

EURGBP looking to take a long when we break and close above downtrend channel. The idea is invalid if we fail to do so. This would likely go in hand with price divergences in other euro and pound pairs (ie EU strong GU weak, EJ strong GJ weak etc.)

theroadtoprofit Updated  Dec 2, 2020

Sell on a rejection and close below 78.6 Fib.

theroadtoprofit Dec 2, 2020

1. Price breaks the previous highs in the 1818 range 2. Price pulls back (ideally in a flaggish manner) to form a higher low than late November 3. Price breaks above the high formed at 1. 4,5,6. Price moves toward target levels. Look for levels to act as resistance from below and support from above.

theroadtoprofit Nov 17, 2020

EURGBP long opportunity

theroadtoprofit Nov 17, 2020

Long USDJPY for bullish continuation on 4HR and Daily timeframe. Watch for indications around 61.8 fib and then a breakout of purple channel.

theroadtoprofit Oct 26, 2020

VIX has remained relatively elevated since the first wave of covid-19 liquidations. While the S&P 500 has managed to reach new highs, the Vix is still well above its pre-covid lows. I'm seeing a setup for a long, should we break key downtrend line and price resistance at approximately 38.3. Should it play out, the timeline would be within the next few weeks...

theroadtoprofit Updated  Oct 13, 2020

AUDUSD Respecting downtrend line, looking to get a short entry at the orange supply zone against the white price level.