Gbpcad has been an interesting pair in the past year, so far this wave sequence looks like it is setting up for another push to the upside, further breakdown invalidates position, other than that, will be one that will be monitored over the next few days for a break from this level for confirmation of buy side pressure.
Adjusting to the prior structure to most recent analysis, actively shorting at this time
So far low risk on this position 30ish pip stop, will see how it plays out there alot of positions setting up across the board in the forex market
Just a little update of what is playing out, positions still valid, looks like we had run on stops with news nonetheless still valid unless lows are broken
Currently in position, take as you want, for informational purposes only, feel free to like and subscribe for more analysis with consistent plays
My bias is unchanged looking for shorts across all indexes in the near future for now im shorting nasdaq
Have been waiting for this pair to show something a little more clear, currently active with long positions at this point unless told otherwise by the market
Euro nearing critical levels and possibly forming ending diagonal
We are seeing the end of a major cycle from post pandemic lows, been over a year since the bull trend, could be seeing the peak nearing a top with fib levels at price levels on chart, psychology tells us, we are nearing the sell off, alot of big hands taking money off the table and retail still pouring into the market, we all know how that goes, manipulation at...
Aussie yen still in bull cycle, zig zag corrective structure
Details in chart, personal bias wave 2 was short and expecting a bigger 4th wave correction, will see how it plays out, any more bullish pressure invalidates and wave 4 ended at the 107.47 low with main targets towards 116. Being whats been going on with the DXY its completing its 4th wave as well, but depending on fundamentals we will see how they resonate in...
Alot of set ups playing out in the crypto space right now, the question is if these are corrections for further downside on the bigger cycles or if we are experiencing the beginnings and change of cycle for more upside also risk free here from last night on margin, will adjust accordingly
Updating prev chart i had on btc, currently risk free, main targets still remain towards 81k on margin will be monitoring for now, break below the May low will re assess the bullish sequence and confirm bear market for a while
Alright, sentiment is very bearish in the crypto space right now because of the sell off we have, which is very common in the cycle of wave C. From a contrarian point of view, i am holding long positions now since we did get a beautiful play at fib extension levels and sold off and right now i believe we are in the early stages of wave 5 with the way structure is...