elblanco0

elblanco0

Common yet very strong price action where there’s an initial drop from strong supply zone and afterwards multiple tests but rejection by wicks -> strong selling pressure, at current levels buyers are not strong, it’s just a matter of time before the support collapses and we should see a fall to between 1870-1900. I’d say it should happen this week or next week.

elblanco0

The Hungarian Forint has been on quite a run, but lately failing to make significant new lower lows on the EURHUF chart, signalling the bears are running out of steam. It’s also trading near major support zone. On the fundamental side, the national bank of Hungary are likely to start cutting interest rates slowly but steadily. I’m expecting the Forint to start...

elblanco0

simple price action with multiple confluences. Liquidity was collected from downside which was very much expected. Looks ready to test upper line of the wedge, take profit just below 89 period MA on daily chart.

elblanco0

Mid to long term trade idea. This pair is in a bullish flag. For the USD to cost only 284 is more than a bargain price to load up on dollars against the forint. Also confluence is the retracement to Fib 0.382 of the bull run that started in 2018. I think there is not a better setup to make some good money. Price however may hit 280 so I wouldn’t place stop loss at...

elblanco0

Mid-term trade I’m already in. The way I plan this trade is I think Nasdaq is going back to 13400 momentum seems to have run out of steam, in the next week/s i expect Nas to go down around 13400 where I think it’s gonna find support and also an area where I’m going long. You can either short it or play it the safer way and order longs at 13400. If we hit 13400 I’m...

elblanco0

So the trade I posted yesterday is a beautiful 70 pip winner, and banks did just what I expected them to do. What I see happening now is more liquidity grabs, possibly seller induction, cant see much downside from here. Im scaling in for long positions now for the 1.40.

elblanco0 Updated 

I have been in this trade, got triggered in at 1.39200. We all know GU is going to 1.40 and if youre more like an investor ignore this, but from a day trading perspective, this may be interesting. I know this is not a good risk reward ratio and Im going against the trend, but thats from a retail traders perspective, but as an institution, there are billions of...

elblanco0

Top down analysis on this pair is setting up for a bullish move. Overall trend on the daily timeframe is to the upside, 4h timeframe we’re in a bullish flag as seen. One interesting indicator I like on this one is the Bollinger band width which is showing us that there’s been low volatility for a while, so I’m expecting a big move and with the trend to the upside...

elblanco0

From a 4h point of view with a fairly simple analysis GU wants to move up. For more than a week it was moving sideways, last week did a fake out creating liquidity for institutions and also creating a strong demand zone. Now made higher low and broke consolidation box. And with US likely printing new money, I don’t see GBP stopping until 1.39-40