javivi

javivi

Ascending channel in big TF. Possible retest of the lower line at around 26,5-27k In smaller TFs we can identify a megaphone and a triangle that price just broke. It might retest the breakout at 33,4k before downside continuation:

javivi

Very simple chart: -Price respecting the ascending channel -Possible inverted h&s that could make price retest the lower line of the channel. -30k-31k could be a good area to place longs

javivi Updated 

Looks like EU could start a bearish movement towards 1.04 We can see some sign of bullishness in DXY, which would support this idea:

javivi Updated 

Based on last price movements I believe we might see a bullish wave in January to aim and retest 35000. Here are some reasons to think about it: -Price is currently lying on the upper line of the descending channel. A line that was broken a few weeks ago. -Price has been forming a triangle for the last 10 days. We have seen this type of structure several times...

javivi

Price is still ranging inside the ascending channel, there is still room for some bullish movement until 1.0930 which I believe could be a nice place to short aiming to 1.07. That area 1.07 should be a good support to try to go long aiming 1.10 or even 1.11 Taking a look at the bigger picture I think EURUSD is in a crucial moment, in the coming weeks we could see...

javivi Updated 

Even tough early today I was considering to short EURUSD with a very nice RR and trying to ride a long bearish wave, I had to take another look to the big picture to realize that maybe dollar weakness is not over yet. I think we might see this pair reaching 1.09 or even 1.10 before changing direction. EURUSD has been inside a descending channel since 2008, (yes...

javivi Updated 

Chart speak itself, I believe this is a crucial level. DXY should go to higher levels again and I think eurusd will retest lows or make new ones.

javivi Updated 

Looks like it double tested the top of the descending channel (or should I call it megaphone?) Any way, we have seen this kind of structure several times in the last year: It looks ready to drop all the way down to 23k Selling with tight SL and crazy R/R ratio.

javivi Updated 

Looks like the formation of a head and shoulders. Tomorrow's CPI data could show us the way. It is looking scary none the less

javivi Updated 

Looking to find final support at 27k. I think it will e a nice spot to enter long for the rest of 2023

javivi Updated 

-Probable ABCD pattern -Massive bullish flag formed in 2022 -Retail sentiment has never been so bad: buy the fear, sell the greed. -Looking for a blow off top pattern in the second semester of 2023 (likely third quarter), so recession can really start -Possible long entry at 33-33,2k, target 47k

javivi Updated 

Since the end of the last year, an interesting pattern has repeated several times: -Main trend remains bearish inside a descending megaphone. -Every time it got close to the upper line, it made a double top (actually the 2º test is always a bit higher) as I showed on the chart. This makes me think of a possible bullish scenario for this month in order to retest...

javivi Updated 

My last idea of this bullish wave is now completed. Now the cypher pattern is complete so it means there is a great possibility to make a new low near 28k

javivi Updated 

This is idea could only be validated by the news of peace agreement between Russia and Ukraine. If it happens we could see some temporary bullish sentiment, supported by temporary lower inflation (lower crude prices). I will pay attention to the possible formation of a cypher patttern that could confirm the continuation of the downtrend.

javivi

-Fed raised the rates more than expected. -Possible correction to the 31,3k area so a gap can be filled. -Could be a good short entry to aim 28-27k

javivi

I think DJI could restest the 36-36,2k area before the downtrend continuation. Fundamentally there is no reason to think about that, but any news about war end could drive some temporary bullish sentiment. If so, there is a reason to think about that: the retest of the lower line of the great channel formed last year. If this idea gets validated I will be...

javivi

Retest the broken rising level . Likely to resume the fall

javivi

Something tells me that tomorrow, March 18th, markets are going to experience a major fall. There are lots of reasons to believe that: -Retest of the broken bullish channel at 34,5k, a structure that has been shaping over the last year. 34,5k was a key level. -Perfect bearish buttefly -ABCD bearish pattern. -Fundamentals do not help either with inflation...