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...
I am short GBPAUD on the pullback. I believe this is the start to wave 5. As well as this we've printed a nice H&S pattern that I'll be entering on the slightly riskier entry at the top of the right shoulder. However this falls in place with the retracement touching the 0.382 fib and then closing the 4HR with a bearish candle. Hopefully we can grab some decent...
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...
looking to long CADJPY up to 78.00. We’ve touched trend and seen some deceleration in the last few candles. We also met the 0.618 fib level on the pullback as well as hitting some nice support at this level too. Target - 1 - 77.00 2 - 78.00 Stop - 75.50
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.
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....
AUDUSD has hit the upper trend line on the daily, as well as on the weekly and monthly time frames. We’ve also touched and sitting on the 0.5 fib level from the previous high. Id like to see some downside movement from here. I am simply airing thoughts and ideas.
will we break this level today? We’ve respected support here 4 times since the beginning of December. We’ve caught the first 3 bounces however didn’t end up pulling the trigger on the last one as I believe it’ll break soon. I’ll be waiting for the 4 hour close to see if we close above support and the 0.382 fib level then I’ll consider longs. if close below, I’ll...
BTC has been painful to watch over the passed few weeks, with no real excitement either way. If we close above the $7200 level, ill be looking at intra day longs, and to be in and out of the sideways movement; so profits around at $7500-$7600. If we close below the current level, more downside to $7000 is extremely likely, ideally we would use $7000 as a support...
Looking to short this pair as we approach the double top. After waiting on todays close, the daily candle was left with a nice pin bar indicating that a reversal of the trend may occur and a sell off is imminent. The rsi is currently overbought also adding to the downside bias. I expect some choppy movement around this area as its been heavily used as both...
Hoping to see some trend continuation with this pair. We’ve had a nice pull back to the 0.382 fib level which aligns with previous support back in august, we night see some more downside but toward the 0.5 fib, if any lower than this, ill be out of the trade to find another long entry further down the line. However, the 4 hour candle has just closed nicely above,...
Caught some pips last week on the intra day on this pair however was stopped out on the overall bias that it would hold the support. It of course failed and we smashed through it with 70+ pip candle. As we’ve come down now and hit another support level and triple bottomed at 1.6160 ill be looking to long towards the previous support indicated by the shaded box....
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...
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...
Price has been trading in this range this mid November now if we can hold this support within the next candle close I will be looking to long this pair up to 1.6300. If price drops and closes below the support we’ll rethink our next move and wait to see if some shorts could play out.
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...
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...
Definitely see another move down for BTC , with the move occurring tomorrow when comparing the time frames between the moves as of recent. Again, I stick to my previous idea that $6500 and maybe even lower is on the cards. Adding to the idea of downside is that we close yesterday below the 50 EMA and still hovering below now. I'm not prepared to be taking any...