Edgezone

Edgezone

Today Friday there is a nice 3 to 1 risk reward opportunity in EURUSD. As written in the last post, the bias in the EUR is long. Limit Long @ 1.0841 Stop @ 1.0824 Target @ 1.0886 More information in the linked post

Edgezone Updated 

My opinion for a possible scenario. Visible on the chart. Entry long on 2 partial positions. Weekly Delta Positive and Rising. 15,30,60 minutes just before positive. At the very least, I expect a small push upwards today. It remains to be seen whether this upward push will last. It could be that there will be a setback. Visible on my chart markings.

Edgezone Updated 

Long with Cluster Zone as target. Position split to 2. First order market. 2 orders below the range that had formed in the morning, at a low of 1.0825. 2 Build an order with a limit in the market or gradually over several partial positions. Below the low are several old value zones that should provide support. There are also some important dates on the...

Edgezone Updated 

Gold has had a good pullback in the last few days. A short-term long trade with the potential for more. Trade is split into 2 positions. 1 Trade Market Long. 2 Trade Limit Order Long 2394.77

Edgezone Updated 

Build Short. EUR has encountered resistance and the end of the week is coming. At the very least, expect a slight pullback into the area to 1.0905. News could still provide a push higher today.

Edgezone Updated 

Nice 1 to 2 reward for patient ones. Because it could take longer until there is movement again. I'm taking this long trade again. CHFJPY has been in a range after the pullback for 10 days. Buyers apparently accumulate at these levels. Minimum target is the 61.8 retracement. Fundamentally, the yen has not improved. Therefore a good long in my opinion. Trading...

Edgezone Updated 

The Weekly Delta is positive and increasing. Bitcoin has had a good rise in the last few days and is in the area above the important 63.000 level. The seasonality also speaks in favor of Bitcoin at the moment. I take a long position with a narrow risk reward of 1 to 1.92 with potential for more.

Edgezone Updated 

Projection Short Gold confirmed. Getting started with Risk Reward 1/2.

Edgezone Updated 

The CHFJPY had a nice setback yesterday which now offers a possible good entry for long positions. A price target in the area of ​​61.8 percent retrenchment would be realistic. The possibility of new all-time highs is also worth noting. So it's a very tempting time for long-term trades.

Edgezone

AUDJPY touches down on its daily value zone several times. Entry long with target in the 61.8 retracement area. 1 H Delta just before positive.

Edgezone Updated 

Good entry long for the coming expansion in Bitcoin. Potential up 5 percent Minimum.

Edgezone

Strong Buy AUDUSD! Entry after a pullback in the area of ​​0.6720 and stop below 0.6665. The projection results in a target at 0.6900. (174 Pips) Risk/Reward: 3.26 Reasons: Weekly Delta Positive and rising. Lots of dormant liquidity in the area above 0.6900 Furthermore, the seasonal trend for the next 2 weeks shows strong support for the AUD!(5y) Plus Lots...

Edgezone Updated 

It seems as if Bitcoin still wants to go up. Possible good opportunity to benefit from the upmove in the next few days. Soil formation in the morning. So in the afternoon it should go up to possibly a week-ending spurt. A rising triangle is also forming, which can mean buying pressure.

Edgezone Updated 

EURUSD had a solid move higher yesterday and set it overnight. There is another short-term long trade for today. Risk Reward 3.2 If the red confirmation line is exceeded, the result is a target of 1.08859

Edgezone Updated 

Bitcoin has been able to maintain its strong position since the beginning of the week. The 4 hour volume delta turns positive. I assume a minimum target in the area of ​​the 61.8 retracement (59770).

Edgezone Updated 

Today, Friday July 5th, 2024, a trend day in gold could develop. Gold has shown strength in recent days and the dollar is weakening. Given the upcoming NFP news for today, a trend could be building that could reach the 2400 levels.

Edgezone Updated 

Short Trader Capitulation Level 60.600 Go long with stop order above 60,600. Potential for the move is up to 68,000. If the price holds above this level of 60.600 for a longer period of time or breaks through quickly, the open shorts will be closed out of frustration. That should provide upward momentum.

Edgezone Updated 

Short Traders trapped.... The downmove is overstretched in price and time. Despite the pressure, the short sellers were unable to push Bitcoin further down. Now that Bitcoin pushed down again on Friday but didn't make any further progress, it's time to collect liquidity from the shorts.