Following USDJPY posted before this, expecting this strat to play out on gold until 1PM - 3PM. May trade the reversal not looking to jump in on this now.
Looking for longs on USDJPY going into NY session, DXY chart looks the same and is forming a Right Shoulder atm. Will be watching this pair closely along with DXY between 11AM - 1PM GMT on the lower timeframes for an entry should this come through.
Following my previous chart with the same fib and trendline: Again, lets see what the end of the year brings, cannot afford to trade this however its great to watch this unfold 🍿
Hoping to see XRP back below $0.20 by the start of November, an across the board market crash would make sense right before an election this big. Another retest of the bottom of Januarys range, a dip below is a great buying opportunity before the great reset. A short term trendline has been broken and now into the range shown, lets see what the end of October brings. 🤞
Euro has been in a bullish channel for ages now since the above resistance from the monthly candles formed from Aug - Sep. Expecting this channel to continue until this resistance is met and either rejected or broke. Not too familiar with this pair see how the week starts. ✌
Wish I had posted this sooner, the wick on 6th Oct at 18:00 gave a perfect sign for a break and retest of the bearish trendline found on the Daily. This has been broken and retested, this move may be dragged out as it is a Monday and Bank Holiday for USD/CAD so there will not be much volume. The above resistance has been rejected once after the break of the...
Similar to AUDUSD, the news this week (Thursday 15th) should aid this bias and hopefully be good the $ for this to come through. We have yet to retest the resistance at $1950 and we also have a 78.6% retracement at the same zone. We should wait for a 4H close around the purple zone to then zoom in and scope out a short set up.
We have just broken a resistance zone on the daily and lower timeframes, we should expect a retest before we reject / break the previous lower high (black box). Some high impact news out for this pair Thursday, not too familiar with this pair but should the news coincide with the PA over the beginning of the week ahead, I would expect this sort of move to come...
Nice fib set up on the 4H chart, still hoping $0.175 comes through before Nov 1st 🤞 We'll see if this trendline holds or breaks as anticipating.
Following the previous 12 month chart: A nice trendline break and retest would be a great chance for a short. I would expect the end of year, the 12M candle close, to be a doji, so a reversal from these fib retracemtnes and if it holds as resistance for the rest of the year should confirm that this is it. This really could be The Big Short 2.0. For you high...
Following my previous gold chart I would hope for a retest of $1950 before a dump until after the election, after a propped up economy ($) helps re-elect DJT. We have a nice Elliot wave in play with a break of support now turned resistance and with a fib retracement from the last LH to the last LL / Waves 2 - 3. After the world has clarity after November, I...
Just testing a strategy with this pair, a lot of confluences suit longs around the given zone.
I hope October is bearish for anything that isnt the $, I would really expect some surprises this month in terms of what markets can do. If XRP can see $0.175 again before November I would be a happy chap, great buying opportunity at this price, this daily fib extension line up nicely with the support below. Lets see what PA develops at the start of October 🤞
Using all the price action we have on gold we are at the peak of a bullish channel that goes all the way back to the beginning of PA. Should we continue to see bearish price action whilst trump props up the $ for re-election it would make sense for this scenario to occur. This would cause everyone to have a huge sell off on all markets, I think. We would then...
Looking at this from the beginning of its existence this retracement is so obvious. Just posting this for bants lets see what the last 3 months bring.
Always retraces after a big move, would love to see $0.22 - $0.17 one more time before 'The Great Reset'. I dont see price going any higher than $0.35 - $0.36 in this current wave (wave 3). The 4th wave would align for a great last chance to buy before we moon. We have broke a daily trendline around the $0.22 resistance which has yet to be retested, the fact...
Zooming out even further on the weekly copying the open / close of the candles from december 2017 - january 2018 would align with our blue buy zone perfectly for one final 'shake out'. The -27% fibonacci used previously sits around $0.05 which would be painful but with this pretty much exact copy of price action. The timing on the last chart / the amount of...
Following the last chart this is a weekly perspective of the ideal pull back to / around $0.20 one last time before a fifth elliot wave. We have 2 weekly trendlines in place and a major support level used in the prior bull run in dec 2017. The support gives some validity to the bullish trendline where we had 3 weekly candles form at the end of june which is also...