My thoughts on Bitcoin for now are that it entered a weekly consolidation before moving higher. Ichimoku Tenkan Sen 3D (double settings) should become support, however a wave of FUD can push it all the way down to our Local GP. Watch the video and if you like it follow me on YT, I should start posting an update every Wednesday. Cheers!
Quick 20 handles ($800) in under 20 mins. That's many peoples weekly wage!
With interest rates on everyone's minds this week, I am expecting high volatility every day starting from Tuesday going into the end of the week. Thursday is the big day with 17 red folders and 4 gold folders (high & medium impact news) so expect hailstones from either side. Many will make millions Many will be liquidated Contrary of the fact that Mondays price...
With 7 daily bearish candles, how many people are currently betting a retracement will occur? That's the question I ask myself when I study recent and current price action. 118 is unfinished business for short sellers with 117 also in the cards if 118 does not show signs of respect. This goes in line with my bullish bias for US10Y. My philosophy is...
There is usually a very tight correlation between the bonds market and the yields but what we have seen especially on Friday is price action moving in tandem to each other. Yields closed bearish whilst Bonds had a shift in market structure whilst closing bearish on the Friday which indicates something will give soon! 121.02 was my expectation for this weeks...
This is how I do a simple geometric Fibonacci projection... 1. Set up the Fibonacci projection 2. Draw an arrow from 0 to 1, clone it 3. Shift the cloned arrow to the bottom of the retracement 4. Mark out the level, usually at 1.618, and time frame is around that spot.
USDCHF Crosses the Trendline and creates a new bottom at the 38% Fibonacci line So now the uptrend has been broken. We can consider entering an order #1 Sell: 0.87816 fibo zone 23.6% Stop loss: 0.88676 Take profit: 0.85769 at fibo 61.8% #2 Sell: 0.88186 Stop loss: 0.88186 Take profit: 0.85781 at fibo 61.8% #3 Sell: 0.88349 SL: 0.88688 TP: 0.85775 #4 Close 1/2...
USDCAD Crosses the Trendline and creates a new bottom at the 38% Fibonacci line So now the uptrend has been broken. We can consider entering an order #1 Sell: 1.34958 fibo zone 23.6% Stop loss: 1.35520 Take profit: 1.33889 at fibo 50% #2 Sale: 1.35211 Stop loss: 1.35521 Take profit: 1.33429 at fibo 61.8% #3 Follow the price movement closely. You can close half...
Daily timeframe is bullish but we are looking for countertrend sell for the retracement before we can buy again.
EURJPY cuts down the uptrend line. At the same time, the price broke through the resistance zone at 161.89. Currently, the price is recovering to backtest the resistance zone. At this point we can consider entering 2 orders #1 SELL SL: 163,047 TP: 158,414 about the 50% zone of Fibonaci #2 SELL Stoploss: 163,047 Takeprofit: 155,490 about 76% of Fibonaci #3...
GBPJPY's bullish streak ends with bullish trendline break. The downtrend has begun with the Elliot wave pattern leading the way. We expect the Japanese Yen to recover with the news that the Japanese government is considering ending the deflation period.
With Yields and bonds having a reverse correlation, I am expecting bonds to continue trading higher, targeting the 121.02 EQ range. My philosophy is simple... Fortify Michael J Huddlestone's concepts that I have studied to consistently predict where the market is more likely to go. This includes; - Market Structure - Buyside/Sellside Liquidity - Order Blocks -...
BOS and a retest on Daily, H4 is still bearish but H1 is bullish. We are looking for HL on H1 for buy opportunity.
Fibonacci retracements and extensions are popular tools used in technical analysis to identify potential support, resistance, and reversal levels in GBP/USD (British Pound/US Dollar) trading. Here's how traders can utilize Fibonacci retracements and extensions effectively: **Fibonacci Retracements:** 1. **Identify the Trend:** Before applying Fibonacci...
The shadow of RAS Hikma transaction on the construction sector was superb; however, process industries sector, and USD-base revenue companies lead the sharp fall. 3-4 days to recover based on ghosting the Bars pattern. in the mean time, FLOATING is the QUEEN. FORTY EIGHT is the jack of all spades. words of wisdom: he is no fool who gave up what he cant afford...
Since my last call for a "long then short", I believed the opportunity to short SPX is here in the sense that the risk-reward is now too favourable on the short side.
Still looking for sell opportunity. Support on Daily is broken and price retraced for a retest and created a LH.
We are now waiting for a LH on H1 and H4 for sell opportunities.