This is a great opportunity with 1:4 risk to reward ratio to short this market with a fair amount of reasons (indicated on the chart). A classic mistake is trading countertrend hence this could follow the parabola and shoot to new highs fairly easily. This is just an idea, not advice! Good luck in trading the tough markets everyone!!
EG head and shoulder H4, this is a really choppy pair in its nature, hardly any definitive directional trend. Price met resistance at what may be the formation of the 2nd shoulder at the same height as that of the first. It is not a high probability setup, but may prove to be meaningful, as price moving to the upside after having broken the descending weekly...
Brent crude oil Double top resistance setup on daily followed by medium to long term uptrend break and currently retesting. Sell towards retest of the support level below at TP1, chances of it reaching below $60 per barrel is unlikely but possible.
Is market heating up? A while ago I posted a chart: Because, the Moving Water Technical Analysis was showing that BTC was about to take off, and a big wave was forming. I advised all my followers and haters that pro surfers can see the big waves way before it happens, and that is one of their main advantages. Here is the same thing, because when you see the...
Wait confirmations! Be patient!
Hello traders. USDCAD went up and broke the previous top. Now, it looks like we have a completed 3 wave structure. I have placed an entry order to the confluence level of 0.886 retracement and 1.118 extension and the trendline. As you can see it's still in the downtrend and my forecast will remain down as long as it doesn't break the trendline. My minimum target...
This is a good 1 to 2 risk/reward ratio trade that could work if the current strong bearish momentum starts dying off. This is just an idea everyone! Good luck!!
Hello traders Platinum has a great potential for upside but in the meantime, there is still chance for more down move. If the structure between the yellow lines is a contracting flat the structure between green lines should be the correction after reversal impulse and it should go up. If the structure between orange lines is a running flat, it will keep going...
Hello traders. This is very clear long trade setup. It made a 4H corrective structure. Then 1H correction after the breakout, and now 15m correction is in the making. That's why I placed an entry order. But there is a problem here. Our entry is far away from the bottom. If it goes up fast like the previous up impulse, perfect I will be in the trade. Otherwise, it...
Hello traders. It is not so clear in higher timeframes but the structure in 1H looks like very bullish. I hope it will come down one more time. It will give us a better correction. But now I'm waiting for a small flag in 15m to take a long trade. The target is not clear. It can be huge, we will see.
Hello traders. I think down move is either a weekly correction or daily correction or impulse. In any case, there is a big potential for more downside. That's why I'm looking for short trade setups. I have an entry order because the structure looks like a correction so far. In the meantime, I'm waiting for the breakout and a correction to take a short trade. If I...
Hello traders. DAX has some big potential for downside. As I can see the correction is an expanding flat in 1D timeframe. It can still keep going up because we don't have any divergence in 1H in up impulse. But, when it completes the C wave, it will go down. Of course, there are some other options, so down move can be a correction instead of an impulse. The idea...
Hello traders. First of all, sorry for late publishing this idea. But, it went up while I was working on today's analysis video. Please wait for a correction to take any long trade. I took it because the structure between blue lines can be a running flat and if the previous bottom is the and of daily corrective structure, the target of up move will be breaking...
ETHUSD As ETH continues to consolidate it's started to form a new pair of parallels at a less acute angle but it's holding up and making higher intermediate highs as it does so. The medium term trend remains positive whilst it continues to hold up off the lower parallel on all retests (the recent low was off the previous rally high) But in the near term it's...
Hello, traders. I'm expecting very nice up move in platinum. You can see my higher degree expectation in the followed chart, but it is almost impossible to explain by drawing because there are a lot of options. So, if you want to see detailed analysis, please watch today's analysis video on Youtube. The last down move has 5 waves already and the 5th wave looks...
Hello, trades. This will be the 5th CHFJPY long trade. I hope this time it will start making next weekly up impulse. There is still a chance for some more downside, but those down moves will not change the structure, that's why I will keep taking long trades. I have put an entry order, but if I can find the better entry I will take it and remove the entry order.
Hello traders. Another GBP pair is forming a very promising short trade setup. I had an entry order, but now my trade is active. I hope it will keep going down. I have put that entry order because I want to be in the trade if it falls like a rock. But waiting for a small correction after breakout would be a safer entry. You can see my long-term expectation on the...