Price Synopsis GBPUSD has been in a downtrend since august 17th after confirming the double top with several bearish moves. The entirety of the first wave down consisted of FIVE consecutive red days, with one day of "relief" followed by another five days of bearish activity. After the double top / "M" pattern was confirmed, over this 11 day window price had...
This week has been incredibly volatile for Cryptocurrency and has continued to be BEARISH overall. The possibility of seeing XRPUSD hit 30 cents was completed today The possibility of seeing ETHUSD hit 300 is nearly there When you look at the strength and momentum of downside movement on those two assets, you can clearly see they are moving differently than BTC...
With Bitcoin current trading below the half quarter of 7500 and with the amount of supply / wicks on the candles we can see... it leads me to believe we may start the new weekly candlestick of July 23 with a BEARISH movement. As of right now, I am targeting 7200-7100 and will be anticipating shorts on ETHUSD and XRPUSD as well. The profit taking could occur across...
Selling EURJPY at 131.9 Stop loss 132.2 (just below the quarter level) Target 1 = 131.3 Target 2 = 130.9 Target 3 = 130.6 Anticipating "Midweek Reversal" Setup with the divergence/double top occurring as well as the psychological effect of getting a bearish engulfing candlestick pattern at the 132 level while we are in an obvious uptrend Trading with real money...
High likelihood AUDUSD will continue trading lower to retest/surpass the structure at 73200 Anticipating a test of the 72500 quarter level considering the upcoming economic event on Wednesday (Unemployment Change & Employment Rate) and considering the existing bearish momentum on the larger picture Heavily bearish week expected to break the low of last week Big...
Entry 537.72 SL 555.72 Target 1 = 500.72 Target 2 = 472.72 Trading Involves Risk, I am not a financial advisor nor do I give financial advice. This technical analysis considers quarter level theory, supply and demand, fibonacci, the trend, fundamentals, backtesting, daily volume/volatility and timing. I am Fearless and I take Risks ;) I am always learning and...
Considering AlphaBay Takedown Timeline + "Long Term" BTC Investors See Ethereum Idea for deeper insight on Fundamentals 3.5+ Reward to Risk Trades setting up on XRPUSD and we could see some alt coins rise! Total Market Cap at the time of this post is $353,172,003,981
Weekly Target to Confirm Setup = 1.2 because this level will act as a magnet for existing USD supply
so to begin with we have a engulfing pattern on the monthly to give us a bullish bias BUT WE DO HAVE MOVING AVERAGES SAY WERE BEARISH, we have a weekly bullish bias but we do have broken structure on the 4h and 1h for a bearish bias, i do have my red key support and resistance and i do also have quarters theory and a Fibonacci on my 4h so were going to have to...
Ethereum Bearish Scenario Supply and Demand imbalance caused by a NEW Monthly Candlestick, upcoming G7 Summit on June 8 where Cryptocurrency will be on the Agenda prior to the G20 gathering later this month... Regulators plan to implement RULES in July and many investors are likely hesitant to open positions in Crypto until further guidance Those still holding...
By Q1 of 2019 we could see gold trade as high as 1450! Remember Technical Analysis is Personal Perspective and there are many fundamental factors that contribute to the Price Movement on Gold including, but definitely not limited to: Manipulation Fiat Currency Large Investors (Switzerland, Russia, Independent Individuals etc) that have accumulated a long term...
As we look at the pink harmonic we can see that it has met the the first TP at .382, and has been making consecutive lows (minus NFP data). Highlighted by the orange markers are our TP1 & TP2. WE also see highlighted in pink we have a bullish butterfly pattern that the first TP on it being .382 was met and not only does the .618 look like the next resistance ,...
Watching the euro for a short position based on mostly technical's, and the general fundamentals of the dollar right now. Looking for a reversal at the 61.8 level i have marked in conjunction with a reactive trend line. If price reacts properly i'm looking for price to move down to the monthly support of 1.22000 for about 90 pips. Time will tell and patients will...
I'm going to be watching usd/jpy like a hawk for the next few weeks. Many fundamentals are going to need to be considered at this time along with our technical analysis. There is a potential to see a strong yen leading into possible regulations on artificial weakening of Asian currencies. This plays in with the key levels we have been watching. We saw a push to...
Price is currently sitting near monthly round number level. I'm expecting push up to the 50% retracement area along with triple top formation for extra confirmation for short entry then continuation to next 250 pip quarter level. This is in conjunction with my prediction that japan might receive tariff exemptions from the U.S. thus strengthening the Yen.
Traders! This is my first Public SPY Update and we are going to be discussing some of the fundamentals and technicals influencing the market at this time. For those of you who do not know... this is an ETF that tracks the S&P 500 and I am bearish on this market at this point Lower Structure Zone at 225 (ceiling) / 210 (floor) Key Bull Level = 270 Key Bear Level...
Many failures to cross @1.30 MLQP Rejected 3 time for R61 (R2) TDi hoking on overbought Open short, target with fib. road to @1.25 T1 R/R 2.6 T2 R/R 4.6 T3 R/R 7.2 Manage risk = No more 1 - 3 % of u equity.
Long opportunity PA fail to test 160.00, then correction to exactly 145.00. I think PA could try 160.00 again. Entry around 148.00, target by fib expan. Manage u risk