Barring any catastrophic event in which BTC drops below 10k (because ETH hasn't decoupled from BTC), I think it is safe to say that it is very likely that we will never see ETH below $400 again (briefly dip below $400 is still possible). I will continue to accumulate ETH at all the demand zones until around $375 lvl.
I see price broke below the previous major low on what is an overall downtrend on the DAILY. So, I have reason to believe that price will drop from this supply zone that I found on the 5 min. chart. Some demand zones developed along with the retracement rally, starting off of the reversal on the 1 hr chart, which might cut the drop short. I intend on getting out...
Wait for break AND retest on the 1 hour TF enter 15 min TF CONFIRMATIONS OF 2 BULLISH or 2 BEARISH candles DEPENDING ON BREAK OF ZONE (FLOOR OR CEILING) 25 Pips TP 25 Pips SL 1;1 RISK/REWARD EXAMPLE 0.01 per every £100 in account 0.02 = £200 0.03 = £300 0.04 = £400 0.10 = £1000
The drop to 9.2k-9.5k never happened and the recent consolidation above 10k demonstrated bull's conviction. I expect the incoming shallow pullback and it will be even more bullish if weekly candle can close between 12k-12.5k. First MicroStrategy, then Square and now PayPal. PayPal supports 26 millions merchants and has 300 millions + customer accounts. Its...
HI! SIMPLE IDEA ABOUT AUDNZD. THE PRICE RECENTLY CREATED A NICE BULLISH IMPULSE ON THE DAILY TIMEFRAME (HIGHER HIGH & STRONG MOMENTUM). I THINK THAT THIS WAS THE START FOR A BULLISH CYCLE SO NOW IT WOULD BE THE TIME TO LOOK AT ENTRY OPPORTUNITY TO THE UPSIDE. WE SAW A NICE RETRACEMENT LAST WEEK AND YESTERDAY AND I THINK THAT THIS RETRACEMENT IS NEAR HIS END....
HI, HERE IS A LITTLE UPDATE ABOUT MY LAST EUR/NZD SETUP. I THINK WE MAY SEE A BEARISH MOVE SOONER THAN I FIRST EXPECTED. MY ORIGINAL IDEA WAS THAT THE PRICE WOULD REACH THE 1.800 AREA (BY COMPLETING THE FINAL CORRECTIVE WAVE) BEFORE THE MOVE TO THE DOWNSIDE. HOWEVER, WHEN LOOKING AT IT THIS SUNDAY, I SAW THAT THE PRICE COULD HAVE ALREADY COMPLETED HIS CORRECTIVE...
HI, THIS IS MY POINT OF VIEW ON EURNZD, THE PRICE IS CURRENTLY ON A BULLISH CYCLE ON INTRADAY TIMEFRAMES & ON THE DAILY TIMEFRAME. HOWEVER, I DON'T SEE EURNZD MAKING A NEW HIGH IN A NEAR FUTURE (TOO MUCH BEARISHNESS AT THE TOP). THIS WILL MOSTLY BE AN INTRADAY SETUP THAT WILL TRY TO CATCH THE FIFTH AND LAST WAVE OF THIS CYCLE. THE PRICE ALREADY MADE THE FIRST 3...
I expect USDCHF to close the Weekend Gap Soon. I also plan to hold that trade for a longer period of time. On the Daily, this setup will try to catch the fifth impulse wave. Wave 1 to 4 already completed in my opinion. Also, the price made a complete 3 waves corrective cycle = Retracement Completed. Two probable scenarios: 1. The price retraces to the origin of...
USDCAD Short off WEEKLY SUPPLY
HI, JUST A SIMPLE TRADE IDEA, BUT I AM NOT SO HIGH ON IT WE WILL SEE HOW IT GOES. I THINK THAT IF THE PRICE IS TO HAVE A BULLISH IMPULSE THE H4 DEMAND ZONE WITH THE 0.786 FIBONACCI CONFLUENCE CAN BE A GREAT AREA TO BUY.
MY ANALYSIS BASED ON SUPPLY AND DEMNAD ZONES
HI, I AM STILL BULLISH ON AUD/USD BUT I THINK THAT THE PRICE IS OVEREXTENDED. IF THE PRICE MANAGE TO BREAK THE DEMAND ZONE (IN BLUE). I EXPECT THE CORRECTION TO GO TO THE 0.618 RETRACEMENT FROM THE LAST BULLISH IMPULSE WAVE. CORBEAU
HI TRADERS HOPE YOU ARE DOING WELL. THIS A BULLISH TREND CONTINUATION SETUP FOR THE EURO CANADIAN DOLLAR. FUNDAMENTAL BIAS: .WHEN WE LOOK AT THE COMMITMENTS OF TRADERS REPORT THE INSTITUTIONS ARE SHORT ON CANADIAN DOLLAR & LONG ON EURO TECHNICAL BIAS: .THE PRICE MADE A FULL CYCLE OF 5 WAVES --> END OF THE BEARISH CYCLE PRICE ENTRY ZONE: .TWO DEMANDS ZONES...
LAST WEEK WAS PRETTY BORING FOR CANADIAN DOLLARD /JAPENESE YEN. WE WERE IN A CONSOLIDATION PHASE. MY BIAS FOR THIS PAIR IS THE SAME AS LAST WEEK I AM STILL BULLISH ON THIS PAIR. TONIGHT, WE SAW A STRONG PUSH FROM THE BULLS AT THE MARKET'S OPENING, WHERE WE BROKE THE PREVIOUS WEEK HIGH. IF I SEE A NICE PRICE ACTION CONFIRMATION IN THE M15 DEMAND ZONE, I WILL TAKE...
HI HOPE YOU ARE DOING WELL ! I JJST SAW THIS MAYBE DOUBLE TOP FORMING ON THE H1 (MORE VISIBLE ON M15) AT THE PREVIOUS SWING HIGH. THERE IS ALSO A BEARISH DIVERGENCE. HOWEVER, IT SEEMS TOO GOOD TO BE TRUE AND I WOULD BE AWARE BEFORE TAKING THIS TRADE. AS WE ALL KNOW THERE ARE A LOT OF STOP-LOSS = LIQUIDITY ABOVE RECENT HIGHS SO I WOULDN'T BE SURPRISE TO SEE A...
PRICE BROKE THE DAILY BULLISH TRENDLINE BUT HAD A BIG PUSH FROM THE DAILY DEMAND ZONE. IT IS SOMETHING THAT I WILL KEEP IN MIND SINCE WE WERE IN A BULLISH TREND. I MIGHT LOOK AT A SELL OPPORTUNITY AT THE SUPPLY ZONE SINCE IT WOULD ALSO BE A BREAK & RETEST OF THE PREVIOUS TRENDLINE
this turn around is bound to happen
We are looking to short USD we have to entries if we get stopped out of break even on our first entry but we are at premium levels and believe the greatest gains will be in shorting this pair if we can get some bullish momentum on the DXY