AEFX786

AEFX786 Updated 

We have here another potential short setup on GBPJPY. This research is for informational purposes and should not be construed as personal or financial advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

AEFX786 Updated 

We've got a break to the upside on an inside bar / spinning top on the 8H chart. Whilst it still offers good R:R, we wait for a potential pullback before entering to lower risk.

AEFX786 Updated 

Price is reacting from a good structure level. Looking to long from here with stops just below. This research is for informational purposes and should not be construed as personal or financial advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.

AEFX786 Updated 

Price has rejected a major level of resistance from a higher timeframe and is completing a bearish engulfing pattern on the H8 chart. At the bottom of this setup, we have a strong support level, where I anticipate a bounce.

AEFX786 Updated 

Whilst I'm bullish on longer timeframes with GBP, this aligns with my short term sentiment and DXY bottomed out last week.

AEFX786 Updated 

As we wait for price to reach the demand zone for our buy setup, we can see we've double-topped the resistance level. This makes for a nice short entry.

AEFX786 Updated 

We can see that XRP is one again in a triangle. I shorted XRPUSDT this morning from the upper trendline resistance of the triangle and booked profits as you can see in the illustration. I'm looking for a potential long setup and to keep my stops tight, I will look for price action entry at the lower trendline support of the triangle. Short term price target...

AEFX786 Updated 

I'm seeing triangles everywhere! XLM is currently resting on the trendline support of the triangle and is in a nice position to take a long, however, I'm currently waiting on price action before considering any entry. Stops would be tight and targets would be between 0.23~0.26 price levels.

AEFX786 Updated 

We have a long setup, breaking the channel and aiming towards the top of the channel.

AEFX786 Updated 

We booked profits on the recent short. It dropped to the lower channel support and from there, we've taken a long position with our stops just below. It's a very tight stop loss but the position size is also small. If this does move to the upside, I may look to add to the position on pullbacks.

AEFX786 Updated 

A short term short setup with an aim to book profits the 27000.00 psychological support level.

AEFX786 Updated 

After a rallying week to $14k, we saw a massive sell-off, which, to be fair was expected so let's not be disheartened by it. A pullback is healthy and necessary to sustain any gains in the markets... and a great opportunity to buy back in at a low price so I welcome them with open arms :) If the weekly candle closes below $10.7k, this would be confirmation that...

AEFX786 Updated 

See the screenshot from monthly timeframe below. We are trading against a prominent inverted Head & Shoulders pattern which has clearly broken the neckline and completed a successful retest. Therefore, I have taken a small position of 0.25% capital risk and if price action permits, I will look to add this position at a later stage. Monthly Outlook: Caution -...

AEFX786 Updated 

Huge divergence on the COINBASE:LTCUSD daily timeframe as we test a critical resistance level and as we zoom into the 4-hour we can see an ascending triangle has now started to form and we're seeing a lot of bearish divergence, indicating a strong possibility of a sharp sell-off. This may be an opportunity for a buy-back at 125. I'd be interested to know the...

AEFX786 Updated 

EJ is running out of steam and has been rejected from a good resistance level and has fallen back below the .618 fib level. We can also see bearish divergence on the 1-hour timeframe below. I am already in this position.

AEFX786 Updated 

We sold this position for a target of +50pips and exited early at +35pips after we found strong resistance on the 4-hour EMA50. Lower timeframes suggests a sharp pullback and as we look back over the charts we can see the EMA50 has historically provided a solid ground for dynamic support & resistance. With this in mind and the higher timeframes being overall...

AEFX786 Updated 

It looks like price has run out of steam at a strong resistance level and will start to pull back. We've got bearish divergence on multiple indicators. I do believe monthly + weekly outlook is bullish but we have an opportunity to take 50+ pips from the market here with a tight stop. Daily timeframe upper resistance of channel has been touched: MACD shows...

AEFX786 Updated 

I think we will see another leg up before shorting and there may be an opportunity here to take a long from the 0.786 Fibonacci level. Stops will be just below the 1.13000 psychological support level, targetting the highs of the last swing. We could also tighten our stops to the last swing low on the 4-hour chart but I've decided to give this setup a bit more room...