tommyf1001

tommyf1001 Updated 

Short setup on CADJPY. Price forming rounding top on 1 hr after hitting resistance at trend line. Topping signals on RSI and MACD.

tommyf1001 Updated 

Decent long setup on EURCAD. Break and close below trend line will invalidate this.

tommyf1001 Updated 

Looks like a decent long setup for EURCHF. Idea invalidated by break and close of trend line.

tommyf1001 Updated 

Another scalp long trade setup here. This one is riskier as the downtrend is very strong and we haven't seen any powerful moves off this trend line yet. However, the bullish divergence looks really good and though it is a risky trade, we can consider it failed if it either breaks that trend line or just continues to fall with the line. So stop loss is tight on...

tommyf1001 Updated 

Long setup on AUDUSD. I profited nicely on that trend line bounce last night, now after it retraced back down it looks like downside should be over. Seeing solid bullish divergence on RSI. I'll be targeting the resistance area above

tommyf1001 Updated 

Short scalp setup on GBPAUD

tommyf1001 Updated 

Long scalp setup on NZDCAD. There is bullish crossover on MACD with bullish divergence on RSI (1hr) as price is bouncing off horizontal support zone.

tommyf1001 Updated 

Looking at EURUSD for any bounce off the bottom of the channel to scalp with a small lot size. RSI and MACD showing some bullish divergence off the trend line as well, but downtrend is still strong so this will be a quick trade.

tommyf1001 Updated 

Long scalp setup on EURGBP. Idea invalid if trend line breaks.

tommyf1001 Updated 

Hi folks, I’m going to keep this one short and simple. - There is this big rising wedge on Bitcoin that can be easily seen on the 12 hour time frame. - Price is also at a critical resistance zone where I expect distribution. - Bearish divergence can be seen on RSI and MACD. - Market sentiment is starting to get overly bullish which typically leads to a...

tommyf1001 Updated 

Short setup on GBPAUD. Looks like a head & shoulders formation and price is getting rejected at resistance. SL and TP on chart.

tommyf1001

Short setup on GBPNZD. Price broke the diagonal resistance trend line, re-tested it and got rejected. Looking for some downside to come

tommyf1001 Updated 

Decent setup for a scalping short and maybe more. Price hitting resistance at trend line and if price is rejected here, we should see a continuation of the trend. Stop loss level is on chart.

tommyf1001 Updated 

Hi friends, I will keep this write-up short as the chart is self-explanatory. Please carefully read the notes on all 4 time frame charts. We have bullish reversal signals on multiple time frames for a long swing trade and potentially more to come in 2020. I have been accumulating Bitcoin at every dip with anticipation that the low of 6,450 has been set for the...

tommyf1001 Updated 

Bitcoin made a huge drop today but is it time to panic yet? The Crypto Fear & Greed Index is showing there is extreme fear in the market, which is typically a good time for the smart money to look for a buying opportunity. Looking at the charts we can see a several areas of support converging on the $6,700 range: 1.) The price has already touched and bounced...

tommyf1001 Updated 

Hello, it’s been awhile since I’ve posted an idea on Bitcoin, but I think there could be a short-term opportunity I wanted to write about. Bitcoin looks like it is setting up for a bullish reversal based on the following: 1.) Price is at a structural support range. 2.) 2 interlapping fibs 3.) Falling wedge Pattern 4.) Bullish Divergence on RSI and Sentiment Index...

tommyf1001 Updated 

Thanks for taking the time to read my analysis and supporting my ideas here on TV. Today I want to show you this perfect bat pattern that could be developing here. This is a great trade setup, because while you normally want to wait for price to reach the D leg of a harmonic pattern before taking a trade, we have the opportunity to go long as well towards the D...

tommyf1001 Updated 

Hi guys, thanks for taking the time to read this analysis. So my last idea was a risky long trade for a scalp that was positioned at the top of the descending channel, and this one obviously didn’t play out. Before that idea however, I posted about BTC consolidation and how I was leaning more bearish over the long-term. Since then we have dropped extremely...