Chris4XTrading

Chris4XTrading Updated 

Ideal entry point is below 40k (ETA: 2-3 weeks). Target is then the 69% Fib level (69k) (ETA: 3-5 months). 1000 pip movement and TP. Wait for sell-off to end. Re-enter below 60k (ETA: Sept-Nov 2024). Target is then the 127% Fib level (98-100k) within H2 2025. To the moon!

Chris4XTrading Updated 

Excuse the mess, but I had to post this. Historically we've always seen the price re-test new substantial highs. I predict a re-test upwards of 49k within the next 4-5 weeks. Till then, expect the price to trend lower, potentially dipping below 38k (this is a solid buy-in spot) before re-testing. Important things to note - we've approached (and tested) the 1:1...

Chris4XTrading

As simple as that. We're heading to all-time highs because when in doubt (or in a recession), buy Gold.

Chris4XTrading Updated 

We've finally recovered from the crash that lead to the price plummeting through the 20-year-long support price. Next, we return to the 7-year-long trend. In a perfect world, we'd wait for the price to drop back down to ~1.0400 before opening a long position. We might just see the USD market thrive (or, in the very least, perform a little less poorly) during...

Chris4XTrading Updated 

We just broke through a 20 year-long support 1.03 . Not to mention the 7 year-long range. Temp support 1 and 2 are not far off from the historic low of 0.82 .

Chris4XTrading

It's no secret that we're heading into a global recession in 2023. The question is, will the Crypto market feel the effects too? At the start of 2021 we saw massive buying power come into play and the Crypto market boomed. We saw a 250% increase in prices over 2018's boom before it promptly imploded during mid-late 2022. The previous "dead period" lasted for...

Chris4XTrading Updated 

Short-term support between 1920 & 1930 . Previous all-time high is the new medium-term support between 1870 & 1880 . Phase 1/3: Bulls need to break back into previous channel, time window: 5 days. TP: 1975 - 1980 Buy back in when (new) temporary support test happens @ 1955 .

Chris4XTrading

Bulls will retest most recent resistance of 12400. Failure to break-out will result in a short down to around 11500. Expect limited momentum in the next 5-7 days. Quick short followed by long.

Chris4XTrading Updated 

As Brexit uncertainty looms and the British economy is put under more and more pressure, we can see the possibility of the Cable returning to its all-time low @ around 1.20000 (a drop of 800(0) pips from it's current location). It differs from the uptrend of 2017 in that the bull and bear fights are a lot shorter-lived as short-termism becomes a factor in...

Chris4XTrading Updated 

Previous price zone has been breached (see this chart for previous zone: ) and we are finally seeing strong downwards movement into our next trading zone. We can now expect all future trades to take place within the 1.15800 - 1.08000 range. I am now anticipating the pull-back and re-test of the previous bottom/support @ 1.15000 - this will provide the perfect...

Chris4XTrading Updated 

Wait for re-test of 38.2% Fibo @ 0.0019470 (0.0019500 is a reasonable buy price). TP: 0.0020500 SL: 0.0019050 Take profit half way and re-enter.

Chris4XTrading Updated 

Here we go again - for the 5th time this year. Will the Australian dollar be able to break free from it's downwards plummet against the US dollar? Or will we see yet another bounce off of the VERY strong resistance? I think we might just. But for now, let's put our faith in the dollar to climb up to the resistance. More updates soon.

Chris4XTrading Updated 

It would seem that the Fiber is ranging in an upwards trend with the next movement expected to be downwards back towards the 50% weekly Fib line (1.15300). NFP is also coming up in a few days and expectations for the dollar are low. Is the recovery of the EURO finally happening? Will be updating this chart regularly and doing an NFP-day update on the day.

Chris4XTrading Updated 

So here we go, the big break-out we've been waiting for - or is it? Let's assume that the USDJPY pair continues it's upwards march towards it's June 2015 high, we're then looking at 3-6 months worth of upwards movement and thousands of pips. To enter such a series of trades, we need to start with a good entry zone. In this case, TA shows that somewhere back below...

Chris4XTrading Updated 

Trade active. TP1: 1.16500 TP2: 1.16200 SL: 1.17900 R/R: 3.0 Supporting factors: S&P and DJIA up 0.3% and 0.6% respectively US CPI to rise 0.2% Weaker EUR economy, lead by weak German production Head and shoulders pattern

Chris4XTrading

A break of the 0.74800 (38.2% Fib line) would mean a confirmed buy to the next resistance of 0.75800 - a very decent 100 pip move. Setting your SL below the 23.6% Fib line is recommended.

Chris4XTrading Updated 

For a long time I've been Bear-biased on EURUSD, but it seems that we might just have a head and shoulder forming within the triangle. Possible trading options would be to buy low @ 1.16500 or sell high @ 1.19000. Both require patience and a good entry point. For the buy: TP1: 1.17600 TP2: 1.19500 SL: 1.15700 For the sell: TP1: 1.17600 TP2: 1.15000 SL: 1.19500

Chris4XTrading Updated 

Observing how previous bubbles have popped, I don't think we're just quite done with the overall bearish trend of BTC yet. Taking into considering the movement and Fibo lines, I believe BTC has to reach the 5000 dollar mark before fully recovering. Going long right now and not having the patience to wait out the trap could mean losses.