So it's been a couple of days (4) and we had to wait a while for the 170 pip move from 1828 but added a beautiful short scalp yesterday from 1822. Our target from our last idea we was holding out for was 1810 and woke up to some good news.
The idea of capitalising on scalps while we wait for the big move - whatever direction it will be in -has definitely done us...
Broken my trendline forming a bearish flag,and came back to rejection zone which shows multiple rejections,which indicates a strong rejection zone,and last cadlestick shows a strong bearish momentum to the downside ,im strong hoping it drops
AUD/CAD is currently in a primary downtrend, with a few secondary and minor trends within. I expect price to continue trend until I see the accumulation phase coming along or some force. I will be watching this closely for the next couple of weeks for a possible long setup near major support.
What do you see on UC? There are different scenarios currently running on this pair, I would really just be patient until the daily close confirms our bias.
With the weakness of USD it is very hard to conclude that we can go with a bullish rally.
On the other hand, our confluences are committed to our plan.
We just wait patiently for our daily candle close to...
We are at a funny little junction right now!
In one of our recent 1HR TF ideas ("Like clockwork tight $1.....") we spoke of a characteristic of Oil that is important to know when trying to catch shorts.
That is, when Oil gives $2.60 in shorts it means one of 2 things, either it is showing the beginning of a big drop or it would be a bear trap like the many before...
Sorry TVC USOIL guys had to use this chart to show how naughty the set up is
THIS IS A SHORT TERM LONG IDEA- it will drop when they have unlocked their funds from Red Vector candles at the highs
Keeping this one short and sweet We hope. So it's no secret we stopped being aggressively Bearish when we failed to hit the next Green Vector candle below. (77.74)
We...
2 of our sell prices gave us good sell scalps. Well 80 pips and 60 pips isn't anything special on Gold to most people. We tell you it definitely is something when you are counter trend/sentiment trading.
1823 gave us 80 pips and 1825 gave us the 60. Now what we do not like is the fact there is another Blue Vector on the 4HR. All be it at the top where it can act...
Yes It's been Bullish and it feels great when you're in buys on Gold and it's bullish. We came out of our longs at 1804 so we missed out today on longs. But we got something better instead, an indication that a short is coming. Green Vector has made contact with Red Vector in the 4HR timeframe. There is definitely some of the Red Vector to go but we are...
The breakdown from the Rising Wedge happened a little sooner than expected (see linked idea). From here I'm expecting a short-term bullish move off the 50 EMA and then a retouch of the SUPPORT-TURNED-RESISTANCE line. From there I'm expecting the "Handle" of the Cup & Handle pattern to develop. I'll be looking for a buy opportunity at the end of the handle. ...
Structure has been broken on the 4H timeframe.
Prime Entry ... 0.6235
30 Pips Stoploss
Target ... 0.6630
Risk : Reward
1 : 13
Move stoploss to breakeven around 0.6355 (i.e 38.2 level of the CD Leg of the harmonic pattern)
Manually exit position if price closes below 0.6235 ON THE 4H TIMEFRAME
For more than a year I have been watching Kroger NYSE:KR stock. I stop there every time I buy groceries so it is one of those companies that fall under "Cupboard Investing" in stocks you know and use. For something as mundane as selling groceries it is quite a volatile stock.
The history really begins in 2020 when a member of my Discord who is very bullish...
XRP is still coiling up and down with consolidation that seems to have no end. Like with many laggers patience is key for the hodlers. We will eventually see the breakout but i still thing that for that to happen BTC has to finish its first massive fall. BTC dominance is dropping quite hard and this only means good for alts.
We have a massive support at $0.50...
Disclaimer:
Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions...
So far we've been shorting CHFJPY right from 124.45 with a 30 pip stoploss.
Right now, trade has been protected.
We're currently seeing a bullish head & shoulder pattern formation.
If the pattern plays out, we could break even on this trade.
If it fails, then we could see much more explosive moves to the down side. 📉
Trade safe 🥂
Nas is currently at support it rejected the support multiple times,so it has to push up to get atleast close to resistance to make a drop and break the support i could be wrong tho😂🤝 it could alternatively just break support drop abit then come shoot back up
reasons for the bullish side:
-we have 2 support lines that are looking pretty strong(2 red lines)
-0.618 fib retracement that usually is a important level
reasons for short side:
-after making a new high, the price reversed back under the previous high aggressively ...
I would wait for more price action to make a decision
I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex.
From a long-term perspective, the WEEKLY chart on the right, we all agree that we are still overall bullish.
Technically we are trading inside that big brown channel, and we are currently in a correction phase after...
