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About me Forex Trader and Consultant #GFA #JMS
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Markets Allocation
63 % forex 25 % cryptocurrency 13 % other
Top Mentioned Symbols
USDJPY 37% | 3 EURUSD 25% | 2 BTCUSD 25% | 2 XAUUSD 12% | 1
KanchelskiTeh KanchelskiTeh XAUUSD, 240, Short ,
XAUUSD: Shorting Opportunity for Gold
46 0 0
XAUUSD, 240 Short
Shorting Opportunity for Gold

As gold made a LLLC (lower low, lower close) we should expect a retracement occurring next week however it is not certain as FOMC and major events are also aligned on next week and also on May. So that's something you should be aware of in terms of the fundamentals. However, on the technical side, I'm suggesting that a retracement is occuring due to the ...

KanchelskiTeh KanchelskiTeh BTCUSD, 240, Long ,
BTCUSD: Potential Reversal on Bitcoin
161 0 1
BTCUSD, 240 Long
Potential Reversal on Bitcoin

Moving onto BitCoin, there's a potential reversal if it fails to close below previous lows. followed by a double bottom, and we will buy at the next bar market, stops need to go below previous lows and targets will need to go at least until previous structure which is around 222$ If you're not a fan of counter-trend trade, you could wait for a confirmation of ...

KanchelskiTeh KanchelskiTeh BTCUSD, 240, Long ,
BTCUSD: potential reversal on Bitcoin
73 0 0
BTCUSD, 240 Long
potential reversal on Bitcoin

As the overall trend is bearish, there is still a chance for a countertrend trade stops need to go below previous lows and if your not a fan of countertrend trade, you could wait for a LLLC (lower low, lower close) confirmation, and wait for the retracement upwards, and sell to hop on the trend.

KanchelskiTeh KanchelskiTeh USDJPY, 60, Short ,
USDJPY: Simple Price Action Concepts applied on USDJPY
166 0 1
USDJPY, 60 Short
Simple Price Action Concepts applied on USDJPY

I've learnt a lot from @AkilStokes on his Trading Workshop and tried to apply his rules on this potential short on dollar/yen

KanchelskiTeh KanchelskiTeh USDJPY, 60, Long ,
USDJPY: USDJPY potential long based on simple S&R
112 1 2
USDJPY, 60 Long
USDJPY potential long based on simple S&R

stops need to be below previous structure and profit targets we could at least retest previous highs which is around 120.5x

KanchelskiTeh KanchelskiTeh EURUSD, 60,
EURUSD: EURUSD long and short opportunity
214 0 0
EURUSD long and short opportunity

Range bars and potential buy / sell opportunities coming up soon. but personally i would wait for a retracement up back into 1.064x region for a sell. or if it dives lower i would purchase at 1.052x region stops goes above the channel lines +20 / 30 pips (to prevent stop hunters or long wicks) We'll see how it plays over next week Kanchelski

KanchelskiTeh KanchelskiTeh USDJPY, 240, Short ,
USDJPY: USDJPY in No man's land
28 0 2
USDJPY, 240 Short
USDJPY in No man's land

This pair is currently in middle of nowhere. However, since 10th of March's highs, we have not seen any new structure highs. It might be a sign for a bear takeover. Thus watch out for any reversal signals occurring on the yellow checkered box might be a signal for the potential retest of supports at 118.3x area.

KanchelskiTeh KanchelskiTeh EURUSD, 240, Short ,
EURUSD: EURUSD Consolidation narrowing
65 0 1
EURUSD, 240 Short
EURUSD Consolidation narrowing

As the pair narrows, it's possibly to see a break (preferably downside) if this pair does advances towards the upside, it would also signal a potential triple top test. that would also be your selling opportunity. as NFP's approaching next week. we'll see how this pair plays coming into early April. https://www.tradingview.com/x/tytfKzuw/

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