I do not have enough evidence to assume a long term bottom for Bitcoin to be in place just yet. But with a break higher I expect 4000 to be the next target.
For my forex, silver and gold outlook you can check my weekly video.
Long term outlook for SP500 has been completed.
We saw wave B extend and unfold in an expanded pattern. However the downside was imminent and has now reached its minimum requirements.
For now I consider this all still to be corrective but by managing this trade you can squeez as much as possible out of the short.
Once I see a reversal sign I will update this post...
In Thursday's trading session I will be looking for a short in the SP500. We might start with a push higher but I expect that to be part of the corrective structure which is currently unfolding.
My focus will be on the sell-trade and I will not participate in any potential buy set-ups.
This means that I will be looking for minor flags then execute...
I am looking for a bullish reversal in USDCHF towards 0.977ish.
I uploaded my weekly outlook video for context and explanation of what to look for.
Have a nice weekend and happy trading for next week!
we saw the move lower for USDCAD in the beginning of the week completing the pattern we were looking for. Our long term short target has been hit and as I mentioned in my weekly video; 'if we break below previous low (4hr tf), I will be looking for a bullish reversal'.
Currently we see a minor consolidation before we see the next push higher towards...
unfortunately I was not able to post in time (before the intra day got triggered) so let's use this post as an example of what has to come but then of larger degree (more pips to cover).
I do not see the minimum requirements yet for a CONTINUATION lower on higher time frames. This is crucial because an extension is not the same as a continuation....
Hi traders I am looking for a bullish move in GBPAUD. Currently I am long in what might turn out to be an intra day trade but with the potential of turning into a trade of higher degree (1hour time frame). So if you are not yet in the trade, wait for a consolidation/flag to trade the continuation on the 1hr time frame.
Hi traders, this is the last daily video summary of this week. It might be a good idea to watch those videos for context.
I'm still looking for buy's but it is always an IF=THEN scenario, context matters a lot to make a trade not just successful but also relevant because of a positive risk/reward.
Have a nice weekend and I will be back with my weekly outlook over...
As explained in the video, EURUSD is extending lower and I am looking for a reversal to target the levels shown by means of the horizontal trend lines. If you like to sell this extension lower wait for flag and target previous lows.
In yesterday's video I mentioned the intra day buy set-up with the potential of a new low after that target was hit. In today's video I refered to the short (which I missed), that target (which was previous low) has also been hit.
I therefore now focus on the reversal for a correction of larger degree (1hr tf where yesterday was 15min tf)
For the first possible...
Hi guy's it seems that we are making another corrective structure of lesser degree. As you see the short term buy's work out and only if it would be the start I keep it as explained in my previous post. But make no mistake; a new low followed by the bullish reversal is more ideal and therefore something I am definitely looking for.
In my last post regarding Bitcoin I mentioned the two scenario's I was looking for. Either an extension lower with price breaking the previous low, or a corrrective structure for a continuation higher to break above 10k.
So how I play it? Very simple, I execute a long position once I see a buy set-up on the 1hr time frame. Then bring stop loss to break even once...