Strong 5+ year-long upper resistance trendline. USD -> DXY (TA) = Weakness +COT Data Supports This JPY -> JXY (TA) = Strength* +COT Data -> Balanced
Bottom supporting trendline, holding. + support structure. *Don't forget about Brexit at the end of this month! GBP -> BXY -> *could go either way -> Betting on BXY strength +COT Data -> GBP = Strength Add in USD -> DXY -> Bearish (weakness) +COT Data -> USD = Weakness
Simple resistance based setup including an ascending channel with resistance trend/zone Add in JXY (JPY*YEN) TA: JXY -> Strength +COT DATA -> JPY = Strength* EUR -> EXY -> Has been weak and it's unclear where it's headed next COT Data suggests that EUR will be losing strength and getting weaker supporting our EURJPY short trade.
Simple supportive trendline combined with support structure. Add in DXY (USD) TA: DXY -> Weakness + COT Data -> USD = Weakness The EUR side of the equation is the question. EXY TA -> could go either way EUR COT Data -> Mixed *Setup to watch for. *Not an entry call.
NZD JPY DAILY - we have seen here a clear breakout of trend on our daily timeframe which has now pushed to the upside. it seems to have now formed a double top pattern here in which we should now see it now fall back to the downside forming retest. We should see bears now take over
This idea will be updated regularly, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button! Pair: EUR/USD Position: long Entry: 1.10880 Target: 1.1150 Stop Loss: 1.1059 cheers, cryptobuller ___ Disclaimer: Any opinions, chats, messages, news, research, analyses, prices, or...
Hello friends! We have an interesting short opportunity on Cardano (ADA/BTC). The price closed below the EMA 20, which multiple times resulted in a further dip below the SMA 50 (Yellow Boxes). I'm expecting ADABTC to retrace to our key level (Purple Box), creating a higher low on the daily with a decent chance of a bounce. This scenario should play out within 1-2...
Technicals alone show us UJ is ready for a move to the downside. Cross Checking the USDJPY chart with DXY & JXY charts continues to support our short position. And when checking the COT data we see that the majority of the big money is going long on the Yen and long on the Dollar.
Hello friends! This is an update of a previous observation on the volatility of Bitcoin ( BTC ) on Mondays. I've highlighted the previous events which lead to this conclusion on the previous chart, which is linked below. The price got rejected at the previously mentioned resistance at 9200.00. We see a strong reaction from the bears, attacking the market with a...
Hello friends! As much as i hate trading heavily manipulated (shit)coins, we do have a nice trading opportunity with Bitcoin SV (BSV/USD). The price is consolidating in a Bullish Pennant. The decreasing volatility is pointing towards a breakout of this pattern (which also appeared before). It's important to notice that we do not trade inside the pattern. We trade...
Hello friends! This is my daily Bitcoin update. Every previous chart is linked below. I will update you at every price event, so make sure you get notified by following me. If you would like to see more trading ideas like this, please click the like button! The price managed to break through 8700.00 as expected in my previous idea. We're now at resistance area...
Hello friends! This is an update of a previous observation on the volatility of Bitcoin (BTC) on Mondays. I've highlighted the events with yellow boxes. I'm expecting the price to retrace from the current level (8900.00) to the 0.618 Fibonacci Level. The retracement should happen during this weekend, followed by a bounce on the mentioned Fib. Level on monday. I...
This is an update of my previous idea (linked below). To receive more updates, make sure you get notified by following me. I'm also available on our monetae Trading Discord channel, which is linked in my signature. If you would like to see more trading ideas like this, please click the like button! Pair: GBP/USD Position: long Entry: 1.30650 Target:...
Our last AUDCHF did hit our SL for a -29pip Loss. We had our SL pretty tight. We will again be looking to take a long position after further confirmation based on candle closure on the four hour.
BTC/USD Bullish scenario In our analysis of the market yesterday, we stated that if the supporting trend line was broken to the downside, our bearish scenario would come into play. I gave the suggestion that we would most likely be seeing spikes to 8300$ before any bearish activity had started but I had failed to mention the obvious bullish scenario, if we broke...
Crypto-AST XRP/USD Breakdown - 15/01/2020 Daily chart - On the price chart, we can see that XRP is just below main resistance region of 0.25$. This price level was previously a support zone but as we know, once supports are broken they become ceilings. It is extremely difficult for XRP to now break upwards of this level and if this occurs this is a good...
TSLA has gone AWOL. Musk reached his mark! Taking a look at the short term pullback potentials based on previous retracements. Jan 31st, Feb 14th, Feb 21st If you were to make a Put bet what would it be?