benjamintrades

benjamintrades

Some ideas on EURUSD. ✓ - High test signalling turn in the market. ✓ - Loss of momentum to the upside. ✓ - 1.1850 Psychological level ✓ - 0.786 fib level ✓ - Lower high printed on 1HR time frame Please comment and let me know if you have similar or differing ideas!

benjamintrades

Some more ideas on AUDUSD - Looking to short down to the 0.7100 level and maybe below. ✓ - High test signalling turn in the market. ✓ - 0.7160 we see order frequently come in at this level prior. ✓ - Perfectly bounced from the 0.618 fib level.

benjamintrades

2 Scenarios I see panning out here with GOLD. Since we printed a lower low yesterday both scenarios are favouring downside movement. 1. We use the box shown at 1910.00 as resistance to the next move down. We’ve just entered this and I’ll be hoping to see some wicks above but closures inside the grey area using the 20 ema as resistance. This is also the 0.618...

benjamintrades

See GOLD falling to around 1900 before another leg up. We used the 0.168 fib and the nice 1920 level as resistance when losing momentum to the upside. Shorting to 1900.

benjamintrades

Nice short trade lining up on EURJPY. Had a nice break of the trend, so I’m looking for market to come back up to retest the psychological 121.500 level that fits perfectly with the resistance and the 0.618 fib. The short will be entered at the 151.500 zone all the way down to 120.20. ✓ - Broken trend. ✓ - Psychological level. ✓ - 0.618 fib ✓ - Resistance zone

benjamintrades

Caught every short coming out of each bearish signal - being the wedge & the two flags as you can see. I’ve held the short from the most recent flag as I expected price to keep dropping. However, it hasn’t done so as smoothly as I had hoped and I’m running in some negative. Nonetheless, current prices leaves me with every expectation of it dropping still. If you...

benjamintrades

We keep using the 0.618 retracement as resistance, hoping this touch was the last. We also using the 50ema as a resistance. I'm waiting for a bearish candle close tonight, along with a break of trend and ill be shorting this down to 66.00.

benjamintrades

Here i share some ideas for both bulls and bears depending on the closure of the daily and next few four hour candles. We've seen a break of the trend ascending trending line and bearish symmetrical triangle with retests of both at the same level as resistance. If we keep decelerating as we test these levels and close below resistance, ill be looking to short to...

benjamintrades

Bearish flag pattern formed on the XRP - sticking to the downside bias. We’ve broken the wedge as previously shared in last XRP idea. It looks as though we may use the lower trend line as resistance for further downside. This correlates again with the 0.382 fib on the pull back, as well as the resistance at 0.20 & the 50EMA. All downside for me, however this...

benjamintrades

Been eyeing EURJPY for some days now. Expecting a drop and therefore a break of the support around this area. We've printed a descending triangle that will support this theory. With my expectation on the yen being making gains this week I am currently shorting this as we've now seen a bearish close of the 4HR. I think this may be the start to wave 3 also. Target...

benjamintrades

BTC has printed a nice rising wedge pattern. I see us retesting the 0.618 fib retracement before we drop. This also aligns with some resistance on the 1Hour & a triple top at $7400. Targets: $7000 for now. I’ll be adding to the position depending on how the next few days play out.

benjamintrades

We're seeing a nice rising wedge form (signalling trend continuation) as we approach the 0.382 fib & the psychological 0.20 level. It's likely we'll be meeting the 50 EMA at around the 0.20 level also. Additionally, the last time we were at this level in 2017 we saw a lot bear vs bulls action and that makes sense, this could also be seen as a level of resistance....

benjamintrades

NZD had a great week last week as it broken resistance it had been trying to get through since the beginning of September. As we did break it, we managed to be in and out within one daily candle, with a great 60 pip gain. As this pair is about to open on the upper trend line, I would like it to come back down to retest the lower before moving up again. I’ll be...

benjamintrades

When analysing this chart on the higher time frame, it is evident we’ve had an impulse move down from mid September and had quite the correction. So I believe further downside may be about to occur. After a huge drop before close on friday, we have broken and closed below the trend on the daily. Considering this it would make sense to see some further downside...

benjamintrades

Caught the move last week where price broke the trend, retested and then made a fairly big break towards the downside. Each of the three take profits were hit at the fib levels on the fib extension and we closed on Friday perfectly sitting on the 1.618. This level is where price was used as resistance many a time back in September. As a result, I would be siding...

benjamintrades

Caught the move last week where price broke the trend, retested and then made a fairly big break towards the downside. Each of the three take profits were hit at the fib levels on the fib extension and we closed on Friday perfectly sitting on the 1.618. This level is where price was used as resistance many a time back in September. As a result, I would be siding...

benjamintrades

After the bias to my last BTC idea still partly withstanding, I’ve come across another indication. Considering the fact that we failed to break the red resistance line at $7000 over the weekend, i believe that a small pump to $8000 could be on the cards. Not only is $8000 a significant number for BTC to consolidate at, but it also lines up with the 0.382 fib...