Caught the first wave up from 0.0129, thank you Scott Carney for this awesome setup.
Didn't chase the highs, waited for a nice bat pattern correction before adding a lil more around 0.039.
Hope this works out fine and the BBs continue pushing it to the moon!
Good luck and have a great weekend all!
Have not been active in the English portal of TV for awhile, I hope I still have some followers watching my analysis.
Today, I'm sharing about my view that the USD rebound will continue.
USDCHF is a good way to play the strength, with my eventual targets for the rebound to end either at the bat pattern around 0.94 or the bearish alt bat pattern around...
The eurjpy bat long worked out perfectly.
Now we can turn our attention to EURUSD.
DXY rebounded from trendline support, and looks poised to challenge 93.70.
With that, EURUSD might head lower to complete this bullish crab.
We can wait patiently for this crab to complete before going long.
If you are more adventurous, you can consider shorting euro with...
EURJPY has completed a bullish bat at the support trendline of an upsloping ED channel.
We can consider a buy with stops below XA 1.27.
Targets will be at AD 38.2 and 61.8.
Good luck and good trading everyone!
DXY looks to be completing a deep gartley on the 1h chart.
It is a deep gartley because the ABCD pattern completes above XA 0.786.
I expect DXY to go higher over the next few trading days.
It should test 93.70 to complete this deep gartley before potentially resuming its downtrend.
Since I cannot trade it directly with my broker, I have shorted GBPUSD on a...
GBPNZD has completed a bearish shark this morning.
I missed the initial entry but I am now waiting patiently for the retest at around 2.0080.
Looking at NZDUSD, it has also completed a bullish shark, so a reversal upwards on NZDUSD might trigger a reversal downwards for GBPNZD.
Doing nothing till then, just waiting patiently for a potential entry.
Gold and silver has taken a big dump recently, I am still waiting for a decent dump in cryptos before the BBs will want to push it up further.
ETH hit trendline resistance today, it could start to trend down as long as 400 is not broken.
I will be waiting for a correction back to 314 where it comes a bat pattern to consider going long.
If I have to force a...
Yesterday the markets plunged with metals leading the way.
Stock indices dropped even though Russia invented a Covid vaccine.
I see a massive vol spike in NASDAQ at support, this is quite a bullish signal in my opinion.
A big crab pattern has yet to complete for the NAS at above 11500, therefore I think the trend can potentially continue higher this week...
DXY completed a bat pattern last week and reversed successfully.
The bulls are punishing the late shorts, and this temporary uptrend is likely to resume until dxy goes back above 94.
This downward channel is a good reference for potential resistance zones.
When DXY crosses above 94, many bullish patterns will complete in USD denominated pairs like AUDUSD,...
Silver bulls still look strong, I am expecting silver to retest the high of last week for this week.
There is also a bearish shark pattern completing at the prz price of 29.80.
As the trend is super bullish, I will only short silver if it breaks a support trendline.
If I have to put in a trade today, I will go long with targets at the shark PRZ.
EURGBP completed a bullish shark.
Price looks to be stabilizing around the PRZ.
I expect price to go higher and hit the profit targets.
Target 1: CD 0.5
Target 2 : CD 0.886
SL XC 1.27
Stop loss and targets are in, will be just waiting for my results.
Good luck and good trading everyone!
Just sharing my thoughts on the NASDAQ going into next week.
USD seems to still be extremely weak, I will not be surprised to see it drop and see Nasdaq breaking new highs.
However, I am still aware of the potential bearish pattern which might cause a throwback to support.
I will share my thoughts in my short video, hope you will like it.
I analyzed DXY over the weekend, with it clearly breaking 95 on the daily chart, I expect it to challenge 88 soon.
A lot of investors are losing faith in the USD, selling USD to buy all kinds of assets.
With continual drop in USD, I expect Nasdaq to continue its rally, minimally towards 10980.
Nasdaq will complete a deep gartley around this level, which I...
Has been a great week for me.
Profited on EURUSD, GBPUSD and NASDAQ longs.
Exited all positions and thinking to go short on pound now.
1. DXY has reached a 1902 crab pattern completion, it is likely due for a correction (Big or small)
2. GBPUSD has completed a bearish shark pattern
3. The h1 support trendline has been violated.
Therefore I might...
Did an analysis on NASDAQ too this week, looks like it is bouncing off a nice support trendline at the moment.
I expect it to inch higher this week to complete this bat pattern.
When the bat completes, I will then look at other indicators to give me a clue on whether to short it, but right now, it is looking bullish.
Short term traders can consider going...
GBPUSD looks to be continuing its ascend towards new monthly highs.
A small bullish has just completed on the 15min chart with potential stretch targets around 1.2780.
A big bearish deep crab will complete around this price.
Short term, I will be looking for potential buys at good support.
Mid to long term, I will be looking to short when the big crab...
Squared off my longs this morning, it was 10 pips away from my profit target at 1.6410 last night.
Should have taken notice that exponential volume came in around 1.64.
Only captured 60 pips instead of my targeted 200 pips, patiently waiting for my second stab at it probably this week.
I see further correction downwards for EURAUD, towards 1.6240.