victor6

victor6 Updated 

Hello guys, i just spotted a second chance to open a decent sell entry if you missed the first. Trade with caution.

victor6 Updated 

Decent trendline rejection.

victor6

OANDA:GBPJPY sell underway. Price is currently testing strong resistance areas between 137.244 and 135.7. these areas also correspond to the 50 and and 61.8% fib levels. However a more valid rejection of price around this area is needed (a close below 133.943) to further confirm price movement. Will be updating this idea shortly

victor6

New sell entry opportunity for those who missed the first chance. Wedge consolidation at the 61.80% fib level. Break out of this area may confirm further downside to $149.64 area. Bitcoin is also poorly testing its $6700 support area...you may want to follow BITFINEX:BTCUSD as it has a major influence on the overall crypto market.

victor6

ETH strong sell off on the horizon.

victor6

BTC is currently testing the $6706 level which I am anticipating to break and slide to $6208 and $5876 respectively. Be mindful of your other crypto holdings as bitcoin is currently strongly correlated with alts.

victor6

Ignoring the panic sell. I've just longed some ehter and waiting for the break out of the triangle. if break is sustained we could see an almost 60% movement to the upside in matter of days. I'd like to know your thoughts on this trade and the current out look on the cryptoconomy as a whole. "the time to buy is when there's blood in the streets."- Baron Rothschild.

victor6

As you can see a potential bear flag pattern has formed and price is facing resistance as well as coinciding with the 61.8% fibb level. Prudent to wait for break down before sell. View the link to get full multi time frame analysis of this pair. Your thoughts?

victor6

Unprecedented move to the downside there. Divergence coincides with 61.8% retracement level on weekly chat. I will post a link to my other idea which continues the analysis in the description below.

victor6

Guys i would like your thoughts on this trade. Is this fake breakout (fake-out) worth shorting? and what direction are your forecasting it to move in?

victor6

Possible sell as weekly downward trend line is being tested...however, it is more prudent to wait for a break of the rising wedge before considering selling.

victor6

Wait for daily candle to close below the support of the wedge and take your SELL entry. You can then place your stop loss at the high of the breakout candle for optimal risk reward.

victor6

Breakout after build up of buying power in consolidation stage.

victor6

sell

victor6

Potential successful double bottom at a support level of 2.6570

victor6

Nice 'M' pattern forming. Looking for a neck line break to go short.

victor6

lets see how the market opens on Sunday

victor6

Fundamentally I believe the euro is weak and is about to break down. It was recently reported that inflation in the eurozone is low and low inflation=rate cut and rate cut=dropping currency