djukic.nebojsa

djukic.nebojsa

I'm going to place a buy stop above yesterday's top. Stop loss below yesterdays low. If the price exceeds yesterday's high, the buy order will be triggered. Risk Reward 1:6.

djukic.nebojsa

Ten weeks-long head and shoulders bottom was formed on the EURNZD chart. In this case, it would act as a continuation pattern. A daily close above the descending necklace would confirm the pattern. The possible price target for the head and shoulders bottom stands at 1.74.

djukic.nebojsa

USDJPY on the significant support. Good chances the price will retrace to the 0.382 Fibo level, which lies just below 138.

djukic.nebojsa Updated 

CAD/SGD - The price dropped below the lower boundary of the descending triangle. The target is around 1.00

djukic.nebojsa

The dominant chart construction in Platinum is the completed 160-days ascending triangle bottom on the weekly and daily graphs with an implied profit target of 2880.

djukic.nebojsa

DAX index is trading below the lower boundary of the descending triangle (the daily chart). We can expect DAX to drop to 10,000 - 10,200 points.

djukic.nebojsa

The inverse head and shoulders pattern is confirmed in USD/CHF. It seems the dollar will continue to gain against Franc. Based on the pattern's height, the price target is 1.03

djukic.nebojsa

USD broke above the upper boundary of the cup and handle pattern on the USDZAR chart. We can long the pair with the target that is equal to the pattern's height. Stop-loss should be below today's lowest point.

djukic.nebojsa

Just an idea of what might happen with BTC. If an ascending triangle forms, and the price breaks above it, we can see a surge up to $25k. But until BTCUSD doesn't cross the horizontal line (22k), this is just an idea, not a trading signal.

djukic.nebojsa

It seems that sellers are exhausted (for now), and cryptocurrencies are showing signs of recovery. The leading altcoin, Ethereum, is in an ascending triangle on lower time frames. It is a bullish pattern that tends to break above the horizontal boundary. If that happens, we can buy ETHUSD. The target should be equal to the triangle's height. Stop-loss, below...

djukic.nebojsa

EURAUD has completed the ascending triangle this morning. We can long EUR against AUD, with a target of 1.62. The target is determined based on the triangle's height. We measure the height of a pattern and use that distance as our target. Stop-loss should be placed below today's low. That gives us a great R:R. Follow me for more trading ideas.

djukic.nebojsa

The dollar is in a strong uptrend against the Japanese Yen, however, it seems it's time for a retracement. On low time frames, the price has formed a rising wedge that is now confirmed. The pair broke through the lower boundary and probably will continue down until the next support, which is near 133. We should see a bounce once the price reaches this zone. If...

djukic.nebojsa

CADCNH has completed the broadening top pattern and the price is now in consolidation. I expect CAD to continue gaining strength against CNH and to reach the broadening top's objective, which lies near 5. We can short the pair once the price breaks below the small consolidation trendline.

djukic.nebojsa

CADPNL is about to complete the rectangle pattern. IF the price decisively breaks above the boundary, we can buy CAD against PNL. Target is equal to the pattern's height: 3.64 Stop Loss below the lowest point of the day when a breakout occurs.

djukic.nebojsa

After two strong attempts to push the price higher, CADCHF dropped back into the rectangle pattern. Note that the pair also formed a small double top. It gives us a reason more for being bearish here. Now when the price is back in the rectangle and CHF is showing strength against other currencies, we can expect CADCHF to continue toward the lower boundary of the...

djukic.nebojsa

Possible big ETH retracement to the major trend line, that lies in the same spot as 50% Fibo level.

djukic.nebojsa

Just an idea that looks totally impossible now (Dec 19, 2020), when most people think Bitcoin will reach $100k in no time and will never retest levels below $20,000. But let's see the chart. We have a broadening wedge, which is a reversal pattern. Statistics of the ascending broadening wedge after a peak: In 80% of cases, the exit is bearish. In 75% of...

djukic.nebojsa

Not sure if many of you noticed that Bitcoin is actually in a rising wedge, which is a bearish pattern. If it stays in the narrow range until late September it could drop to $7k (based on the wedge height) which is strong support, and that provides additional confluence. If you apply Fibo extension from the current price to 7k, you'll notice that 161% extension is...