It is NFP Friday. Not a good time to trade. Better to sit on the sidelines, as things can be weird in the markets. But... nothing wrong with entertaining ideas!
After every impulse, comes the correction. Gold has done both. Now we expect the next impulse to follow. This one could take us pass the point of the pullback to the Feb 2020 highs. Let's wait for a daily close above the resistance level, and maybe we can collect some good pippage. What do you think? Am I crazy? Or am I on to something?
Bitcoin made a strong bullish move today. Now its at resistance. What now? Did we hit bottom already? Is there another down move coming? I'm taking a good look at it.
Updating the Monthly level of resistance. Just keeping you informed!
Looking now for confirmations for a valid long entry. 3 confluences of support at circled area, overextended market, 786 fib level and S1 monthly fib pivot. The 200 EMA is there acting as dynamic support, as well. Seems like a good level to go long from. Aggressive entry is now, at market. A safer entry is to wait for price to break resistance at...
Break and retest. The wick to the body is the zone. I hope you were able to catch this. Let me hear from you if you caught this or have questions!
Looking for a BRT (break and retest) here. Watch and wait for bullish price action at the support level. Always enter after confirmations of bullish price action. A bullish engulfer, an evening star, a hammer, a full bodied bullish candle that breaks minor resistance, etc. Let me here from you in the comments! Like and subscribe, people!
Waiting for EURUSD to pullback and test the most recent high. Tell me what you think!
Almost home. Not going to play around with a pullback at this point. Moved SL to just under 1H candle. +140 pips on this one! We'll see if I can get a few more, or take the SL hit and enjoy the profits! "Secure the bag!"
I love it when a plan comes together! Congratulations to those that followed the trade! Woo-hoo! Please leave me some feedback! Share your screen shots if you are on this EJ Train!
Let's see what price does here. There are confluences of support at the current location. I'm excited to see what the reaction may be. There are lots of analysts predicting further movement to the upside. I am leaning south, but I will explore both possibilities.
Smashed TP1! Congrats to those that followed the trade. Let me hear from you in the comments! Thank you!
4H entry, Stochastics in OVS, price has already hit the W support, the M Pivot, the fibonacci 50% level, and the 200 ema. Two confirmations are there. Let's see how this goes.
Did you catch the break and retest? You had to be alert and focused to catch it! Let me know if you caught some good pippage on this idea! Thanks!
Like I had mentioned in my last BTC Analysis, I will look for bearish formations and patterns when price reaches this circle. There is significant resistance here, and the market is extended. If I can get confirmations for a valid entry, I will ride price back down to the double bottom. I would love to hear from you in the comments section. Some feedback would...
AU has broken out of the trading range it has been in, to the upside. Wait for a retest of the level, ensure there are confirmations for a valid entry, and a buy position would be the move. Let me hear from you in the comments section and/or smash the LIKE button!
Apologies for not recording a video for this second part! I tried, 3 times, but it would not upload for some reason! Grr! I explained the different scenarios that could play out, in Part 1. What will I be doing? Hmm.... I will be looking for shorts at position #1, should price make it there. There are three confluences of support there: the 618 fib, the...
Here is my current observations. I illustrate the possible scenarios, and which one is more likely. Please leave a comment, because I would love some feedback! A LIKE and a SUBSCRIBE would be taken as support for my efforts, and appreciated. Thank you, and have a great weekend!