Not a lot of time to get this written and marked up for you before we see it move, so here it is.
Look for a break of trendlines and strong rejection of channel resistance, with SL just above major channel.
Good luck, Trade safe!
For some reason, people always get upset about crypto bear runs, but fluctuations in any financial market are part and parcel of their existence.
It is our job, as traders, to profit from both sides of the coin where possible.
Bitcoin has reached back to the heady heights of $50,000 + recently. But this stage of the bull run is decelerating, and we...
See my latest long-term analysis for this pair.
WE are just about to enter the mentioned short positions and should see ourselves slowly work down towards the marked levels.
My advice is to WAIT until you see rejection from the major level and 0.618 Fib, WAIT for an ascending break of descending short term trendline, and only then enter.
If we hit...
Here is my GBPUSD overview, after requests to do what I did for EURUSD.
We can see that we had a breakout on the daily time frame from the major descending channel.
We are now in a slow-moving ABCDE Elliot wave correction on the daily timeframe.
The overall structure is of descending wedge or perhaps bull pennant formation.
IMPORTANTLY, we can see...
Please see my last post for the main market analysis leading to this trade.
Can you spot the correction? Try marking it out for yourself, too.
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Please like, comment, and share! Your support helps me a lot!
Good luck, Trade safe
Here we have the first of three posts on EURUSD.
Too often we get bogged down by the minutiae of small market movements, not taking into account major market sentiment and long-term trends.
For those of us that use fundamental analysis, this is a potentially fatal mistake.
The lovely thing about EURUSD is that it is the most heavily traded forex...
Spotted this nice rejection from a daily channel here on EURGBP. Considering we are expecting EUR strength, this looks like a solid jump.
SL below recent low and daily channel support.
Good luck, trade safe!
This is a quick setup if you prefer not to wait for some of my longer trades.
Crypto is always very volatile, so if you hit SL please do NOT re-enter and give money back to the market.
We are approaching a strong 4H resistance channel, and I am expecting rejection.
The TP level is the resent 4H support.
Like what I do? Please comment, share, and...
Simple analysis. Seeing clear correction on 4H timeframe, approaching previous high.
Great opportunity for a sniper entry!
Good luck, trade safe, and please like comment and share if you enjoy what I do.
This one will take some patience, but the analysis is beautiful. Another setup is hidden in a minor pair!
Remember that two sniper wins out of 15 will more than double your money. IF you hit SL, do NOT re-enter.
Risk management is very important.
The BIG move will be short once we reach TP3 - I will post closer to the time.
Good luck, trade...
This is my trade of the week for next week.
It's a clear entry and exit, good confluences, and clear chart patterns.
We are expecting JPY strength very soon
We are seeing neutrality with INR
There is no medium or high impact news affecting either currency in the coming week.
We are in a clear descending wedge pattern on...
We are at D of an ABCDE Elliott wave correction on the daily time frame here.
We are approaching the resistance of this major channel and showing rejection wicks on the intermediate timelines.
Enter on the break of marked trendline, Stop loss just above major channel.
This is a high probability trade worth at least 250 PIPS!
Please like, comment,...
Here is an excellent chance to enter this pair if you missed my last analysis.
So far every single analysis I have published for this pair - for free - on TradingView has hit TP.
This is a really simple pattern - a double top is typical of reversal, and also gives a clear invalidation level, allowing us to have a tight stop loss.
Simple is best, don't you think?
I have tried to make this chart as easy to understand as possible.
CADJPY is approaching a double top imminently.
We may break before we reach it, but given CAD strength this week, I suspect we will go right to the top.
Stop Loss just above the top of Daily channel - from May '21.
This is a high probability, high...
We broke above SL last week. We are now at the end of an ABC correction within an ABC correction...within an ABC correction!!
Obvious with hindsight, but with the uncertainty of Big CAD news Friday, was hard to call.
I expect the price to drop from where we are.
We can either get a sniper entry with SL just above channel resistance, or a safer stop...