hi all At this level, I'm expecting rejection. Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
Hi all The daily has already broken out, so I'm looking for a pullback before continuing the trend; I expect the price to finish the 1.618 fibo extension. Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
Hi all from the weekly chart, the price high and low are almost retracing 0.618%. Additionally, the Federal Reserve is aiming to lower inflation to 2%, thus we had a pennant pattern break low, which I see as contradicting. I therefore expect to see a cpi y/y below 3.3 in this week's upcoming release of the CPI data, which could result in strong...
Hi all following the breakout from level 1942.1 gold has reached the fibo extension of 1.618. So I'm looking for a pullback to the last breakout level to continue shorting as long as the price does not close above the level where I'm comfortable to take a risk. Let me know what you think In the comments! **My trading strategy is not intended to be a signal....
After a few days, daily support at 1924 was broken. So, what's next? In my opinion, there are two important supports on the daily and weekly charts. As a result, a break from those levels may result in additional decline. On the other hand, if rejection occurs, the next resistance will be in 1941. Keep an eye on the weekly trendline as well. Let me know what...
Hi all I'm looking for a long opportunity in the USD/JPY to finish the wave 5. Good Luck to all Let me know what you think In the comments! **My trading strategy is not intended to be a signal. It's a process of learning about market structure and sharpening my trading skills** Thanks a lot for your support
Hi all.. This is my forecast for xauusd; I see resistance at 1973.160 after many rejections on that level. On the high low structure, I believe we have a double top pattern. so I'm shorting gold for a 50% retracement as long as the price doesn't close over the 1987.530 level. Let me know what you think In the comments! My trading strategy is not intended to...
GBPCHF BUY AND SELL LONG analaysis. as we can see market structure starting downtrend on DAILY, but breakout SELL on H4, so the next movement that i predict the price will retrace zone (1.1312 - 1.1205) before back to the top (1.4511-1.14843) and start major downtrend till price hit 1.109525
USDJPY is in an intraday uptrend again. The overall trend is bullish however I believe that this is a re-test of the former high and based on how price is approaching the resistance it doesn't signal much bullish strength anymore. Price is currently at a high of an untested zone, the all time high and a Daily evening star pattern.
UJ has been bulling very hard as of lately. With the never ending rate hikes pushing up the price of the dollar, and many foregin countries defaulting on their national debts, it is midnight in lots of places but it seems Powell is still squuezing everything he can out of the dollar. Technically speaking we see here a very nice looking rising wedge type pattern...
Our USDJPY bear swing paused about 300 pips ago and created a temporary bottom from which we took short term buys from After a nice run of 200+ PIPS we are EXIT the shorts. Now USDJPY should resume its bear swing on the route to new lows. From a technical aspect this retracement has come up to retest the overall trend at the 38 Fib level. Normally I would be...
Here it is Folks, the moment we have all been waiting for After months of testing and retesting the upper bounds of the 1.24 area. it appears that CABLE has broken out and will now begin a very solid and consistent BULL SWING. Looking forward to buying and buying again on every dip. Fundamentally this is being set up by the incoming US recession and data...
USD/JPY bear swing was absolutely beautiful, but we are not done yet Usdjpy has a looooong way to drop still, the impending US recession is not going to be pretty and the moment the market gets a single whiff of hawkish-ness from the BoJ, this pair will sink to the bottom of the ocean like ATLANTIS In the mean time however it looks as though the bear swing has...
Lots of fun things and happening around the crypto world the past few months From Mr.SpankMan Fraud to banks dissolving out of existence and lets not forget liquidity crisis abound. From a fundamental standpoint things arent so great in the United States for crypto. STILL congress has dragged their feet and has yet to provide any significant framework for how...
Japanese Yen is nearing a crucial point of FIBO level 61 This level can be see as a pivot point for price action many times over and over again The yen fundamentally is in a 20+ Year run of Qualatative easing and negative interests rates The new BoJ Ueda seems very reluctant to use any type of terminology that leads one to believe that a swift change is on the...
After several weeks of Price action consolidating on CABLE inside of a DESCENDING WEDGE and forming several HARMONIC PATTERNS it appears as though we finally have a winner between the bulls and the bears. Based on the price action a bottom has been formed and a breakout of the WEDGE PATTERN has occurred. Assuming this is a STEP ONE BREAKOUT and a total reversal of...
Hey guys, So, on my last post I said I wanted to see price come up to 163.500 to fill that imbalance on the left and also retrace deeper into the higher time frame bearish fib (it was already hit but I wasn't convinced that that was enough I needed it to at least pull up to the .618 level. So now that price has given us that, we just need to plan accordingly and...
Hi all I was aiming for a 50% retracement between the high (151.946) and the low (127.220). but in order to move higher or back down to the 128 level, resistance at 131.580 must be broken. Happy weekend My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading...