Price action is currently in a space that is really hard to tell what it will do next. There are glaringly obvious objectives to the bottom side and top side. Because price has not broke the previous weekly range, it become very difficult to guage what it wants to do next. I reccomend waiting until price makes a move for the previous weekly high or low before...
Dispite the 100 million indicators and fancy spaghetti charts out there, this price action is all we need. Be careful leverage trading btc if you are long. This beast follows no rules and i feel it is becoming one of the most manipulated instruments around.
I have reason to believe that this may be the long term play on EU as we roll into the next year - year and a half. I am sharing this to time stamp and document the analysis.
Beware of a bullish run on AJ before we get more downside movement. Pay attention to market sentiment this week to gauge commodity currency strength such as CAD, NZD, AUD
Looking for price to take liquid built just above current PA, mitigate into the hourly orderblock there and come back down to scale tp's set at poi's and final tp taking stops and hitting -27 of the fib measurment.
I am not one to give out signals but I know a lot of people are having hard times due to COVID. As in trading nothing is promised and you take full responsibility for your trades. There is risk involved and you can lose some or all of your money, sometimes more. This is for educational reasons and I am sharing what i will be taking personally. Please trade safe. I...
Here is where my GJ short entry will be, it is up to you to look over my freebee gu set up to find your own TP on this trade. Trade safe fam and much love!
Given the circumstances in the UK with COVID and this FVG here on the chart, indicated with the red lines. I think GU will continue to press downwards until this mark is met.
Here we have GU setting it self up to raid equal low liquid underneath. Slightly below that we have three very strong points where we will see GU rally out of as I am expecting increased pound strength coming up. Be aware of BOE raising interest as well, bringing an entirely new strength into play for GBP across the board. Just be patient!
Trade with proper risk management, be patient and wait it out. Victory goes to the patient one. Trade safe fam, make sure to check my longer term analysis on EU to get the big picture. Much love!
One thing they cant hide is the footprint of the money. Divergence in 5y US bond yields is a glaring indication that smart money is positioning LONG USD.
Looks like this pair is playing exactly as planned, you know what to do fam! Only thing i say to be cautious about is the UK100 looks like it may start going bearish a bit bringing GBP power into play.
Big players sell to buy and buy to sell. Think the opposite of what normal retail trading has taught you!
Trinidad James, all good erraythang! dont believe me? Just watch!!!
Take a looky looky, we got some pips to be tooky tooky
Please trade with caution and do not blindly follow what I am showing you. Keep in mind this is a Saturday analysis and I typically dont really start getting into positions until after Tuesday's. Trade safe fam!
I am going to post a GU breakdown next that might lead to more clues as to what is going on.