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H4/BAT Update: Slowly marking lower, 06:00 UTC, 12/10/2021
Still a long way off from $0.50 w/ 3x $0.05 cent price levels from it
Price crossing under the 200 EMA, along a freshly-created DTL
Buy orders hanging at $0.75 & $0.50 for an accumulation
As the EURUSD resets for the next trading week, price closes at 1.1795, inside a contraction level zone around 1.182/1.178, nearest demand zone around 1.172/1.168, nearest supply zone around 1.188/1.192, with weekly close reset trading range between 1.19 & 1.17, these are the areas of interest in this chart as of the week close. For price action, there's this...
Hello, guys! It's been a while since last I posted here on TradingView. I'm today releasing into the wild my trading strategy, key levels, order arrangement and overall method for trading specifically the EUR/USD, as I've specialised on trading this particular market 24/5 now. This is basically my level fading strategy and method to trade the Euro-Dollar, based...
Description: As the Euro / U.S. Dollar fails multiple times to successfully reach for 1.20 in the last and current week, a 4-hourly moderately down-sloping trend line forms, projecting that if price action continues below it and is unable to break it, then by Jul 14 at most price will have been pushed all the way down to the next daily structure support level at...
Pin-bar formation with short opportunity as hedge funds manipulate the market to probe the levels above Fib(0) 106.957 and strong rejection at under Fib(-0.116) to the downside. The candle at 14:00 is still bullish, though it may close below the open at 106.890, it's still under Fib(0). Let's see how the market behaves to another stophunting session of...
Summary of technical analysis on the USD/JPY:
- Fib(0) changed to 106.957 high of 10:00 candle
- Stophunting session to grab the selling liquidity
- Temporary long ('short squeeze') & then short
- Swing is overextended to the upside
- RSI pullback to probe above the 70
- Extremely low volume for a new high
Summary of current technical analysis for the USD/JPY pair on the 4-hour chart:
- 70 resistance on the RSI with bearish divergence
- extremely low volume to the upside
- major resistance level on the monthly fibonacci
- perceived bullish exhaustion
- swing-high fibonacci 0 holding
- +1.91% from swing-low fibonacci 1
If you enjoy this analysis, give it a like and...
The week ends with the market on the USD/JPY pair producing a high at 106.692. It approaches the weekly 50% major level of resistance with both a bearish divergence and a bullish convergence on the RSI, a conflicting information that induces us to think about a continuation in the bullish retracement of the previous weekly downtrend, but also keeping in mind that...
Still chance for continuation with the market providing a bearish divergence on the RSI, but still also a bullish convergence at least until the market either breaks under the low of the previous swing or manages to create a higher low but now with a bearish divergence. It seems the market manipulators are getting their short orders filled and then we'll be ready...
Just some ideas on the USD/JPY. Supply seems ready to push for a lower swing-low at over 100% retracement on the previous swing, entry could be at a lower swing-high retest on that move. If you like this short analysis, give it a thumbs up and follow my profile here on TradingView. Thanks! ^^
In this analysis we're taking on the Dollar-Swissy (USD/CHF) on a Daily basis. It's the same chart already posted but on a zoom-in and with all the clutter trimmed-down to the essential and deleted. If you give it a zoom-out and jump to the Monthly, you'll see the long-term fibonacci lines, with the 1 at 0.78710 (1 Jul '11 M candle close) and the 0 at 1.02884 (1...