I can see one more push higher for bitcoin, before a retracement back to the 38K zone. where potentially we can back up the bus and ride for the big move to over 100K.
the larger consolidation has just broke out, with a small timeframe consolidation signalling a break to the upside. Spring is coiled and we are about to unleash. fill you boot boys and girls.
Looking for a push back up in Oil to our Zone for a 4:1 risk reward. After bouncing nicely off our demand level. now looking for price to move up to our Supply level.
supply nad demand levels i expect to pay out. Both in play both for a 4:1 risk reward.
USDJPY - Zone for a retracement for a 4:1 risk reward. Dollar is still showing strength but like the EUR trade yesterday these zones can give you a nice 4:1 risk reward retracement during the move. Should hit today, but certainly this week. if we are too close going into news i would pull the trade
Dollar continues to show strength but with a couple of demand levels below. I can see both of these working for a quick 4:1 risk reward.
With this spike in the US10 Yield, if this continues the market will probably sell off big time. so looking for a pullback to where I think institutions are selling their positions.
Looking to see if we can get anticipatory pullback at the BUY zone on NZDUSD. looking for a 4:1 Risk reward if it does.
One Buy and One Sell zones for the GBPUSD. 4:1 risk reward both in play.
A couple of Buy levels below current price if price breaks down, plus a Sell zone above current price. all are in play. all for a 4:1 risk reward ration.
possible quick pull back on this move higher this morning. only challenge is the stop is quite tight as there is also a pivot higher depicted by the white line. My rules go for the tighter level for a shorter 4:1 . but you could have your stop at the pivot. I wont.
Looking for a continuation of the uptrend after a pullback. , should fall in line with dollar continuation as well. expecting this to play out this week.
Bitcoin has been stuck in this consolidation area now for a while. it may well stay here for a few more week, but if we do get a move in either direction, one BUY nad one SELL level. the BUY level is a more risky one and not an automatic order. price might spike down to clear out the LONGS or just pause for a continuation down move. either way expect 4:1 risk...
if any weakness is seen in the dollar i would expect this pull back at this level for a 4:1 risk reward
Sell level and a BUY level , currently in the middle of the two. so depending which one comes in to play first over the coming weeks. caution around any HIGH impact news. if any level is within 50 pips i would most likely not enter the trade.
befoer Gold moves to the upside if it retraces back towards the lows there is a trade to take for a quick 4:1 possible high leverage low risk trade.
with the idea the fed will stop raising rates. the dead cat bounce at the levels indicated where potential sell orders still exist. institutions will sell here and a continuation of the bear market. a good risk reward for a position to be held long term. meaning several months.
Held onto the trade, have moved stop to assist the wave count revised. out at 39K but back in on a retracement. looking for divergence for both exit and re-entry