I am shorting GbpUsd here and also outlined targets which you can take if ou idea will be successful.
Today is a good volatility day for GbpUsd. I am waiting to reach my area for interest and sell-off. Yes, I am still bearish on GbpUsd, until these lows will be swept. Then flipping my bias.
As long as Bitcoin stays above the range high, you can long it up to $9600 (3,5RR). If Rane high will not hold, then I will look for $9000 for next long (5RR)
I would like to see one quick leg up before some pullback in both $BTC and $ETH I have also outlined for you what to do if our long will be stopped out. You can mitigate losses by short it once range high will not act as support anymore.
Price found support at key s/r level, range low, tested, trapped late shorters, and rally into EQ. It is very possible during today's FOMC, that EQ will not act as a resistance and there will be a breakout. Then price should re-test its breakout at EQ, find there support and rally into Range high.
I have outlined for your range which you should follow the following days in Bitcoin. I do not expect another leg up so easily because of premium funding on Bitmex and also overbought RSI. I would rather see some choppy environment in the range. Treat the range for different strategies short / longs as I have outlined.
According to our analysis published on Jan 13, we have expected the top of the Gold. Gold has reached the top. Now adding into my swing short here. You can find the full analysis here:
Due to DXY LTF bullishness, I see the last leg down in EurUsd before it will find down there a bottom! - Under the key s/r level - took liquidity yesterday, run liquidity on equal lows - Take off / take profit where my "eye" is placed and rest open
I am expecting the price to find resistance here into our short, if not, I will short higher prior to FOMC news today Expecting run on liquidity below 1.29700
- Broke MSB LTF - Q1 2020 Bearish - Expecting more downside move - price is below Key S/R level
I am HTF Bearish on NZDUD. For me, this currency goes through distribution these and following days. I will look for shorts now, if I will be stopped out, then I will short higher. The target for this swing short will be 0.63500 level, also known as a draw on liquidity "an eye". - HTF Distribution during Q1 2020 - HTF Market Structure Break - Key S/R level...
Price should now sweep our SLs or be rejected right here. Targets: $7950 / $7800 / $7600 / $7000
WEEK 04: GOLD As you can see, our objective has been reached and price swept lows, where is our "eye". I am still keeping this idea and would like to see price reach $1570-1580 following with rejection, sell-off and fill in our too thin liquidity down to $1516-1477. I would change my LTF Bearish view, once we will reclaim support $1590-1600 level.
I have outlined for you keys areas S/R level what to watch during the next week in Bitcoin. The main point here is, you can use these key s/r levels for your own benefits and for swing plays because there are wide enough and will also provide you enough time to figured it out if there is the reclamation of support or resistance, because we are at H2 time frame....
EurUsd idea had played perfectly last week. It has touched the resistance/range high to the pip and followed by a quick and massive sell-off. I would like to see the price hit that projected "eye" this week. There are two scenarios: 1) the price can rally up to 1,11300 where we have our black horizontal line (range low) and sell-off. Next area of interest at...
We have published an idea/setup for British Pound that is in the distribution phase last week. I am still LTF bearish and I will look for shorts during this week. I have outlined for your range where you should watch possible shorts. - My outline for this week would be loading shots up to 1.30803, if possible, still think the price can rally into our QE...
1) We push and close (H4) above $8200 this would indicate to me that even price is at a premium, the bulls (the trend is strong) and we will go swept highs at $8900-9000. I would long its re-tests. 2) If we will find the support that would react in strong bullish reaction I will long re-test of the breakout at $8100 and targeting highs at $8900-9000 (back to 1st...
Gold has reached the exact two key resistances as we have outlined earlier in the analyses. I would like to see a rally in the coming days up to $1569-1579-1589 following with sell-off toward $1516-1477. - I do not like how Gold has rallied from $1477 up to $1600. I would like to see a little bit cooldown with pullbacks down to $1516 to decide what next. I...