ChrisSmithf0

ChrisSmithf0

The idea here is related to long term overlying resistance trendlines. We can see that EURUSD has recently broken the shorter term Trendline 1 , tested this and now in consolidation above the Trendline 1. Price may then look to target the overlying Trendline 2 . Trade on chart , with a high risk reward of 5.

ChrisSmithf0

Gold is consolidating at recent resistance now turned support. A pennant can be observed on the 15 min chart. The sentiment on Gold is bullish, with an idea for a long entry as per chart. It is a conservative risk reward of 2.

ChrisSmithf0 Updated 

Gold to move and retest resistance at $2400. A long trade suggestion on chart.

ChrisSmithf0 Updated 

Bitcoin has been in Distribution, and it may have formed a Lower Peak within this consolidation. The idea is to short Bitcoin to the major Demand Zone below. 1. Enter - around $63500 2. Stop - above Lower Peak 3. Target - Demand Zone 4. RR = 3

ChrisSmithf0

Pound Sterling has broken the Wyckoff consolidation and has retested the support as resistance. A short idea is considered. 1. Enter - 1.2480 2. Stop - above recent swing high 1.2580 3. Target - the demand zone below 1.2050 4 RR = 3.5

ChrisSmithf0 Updated 

This is an idea for an ABC movement in the price of Gold. Consider an amalgamation of ideas. 1. Elliott - we may have completed the 4th wave and entering the 5th wave down. 2. Wyckoff - maybe we have just seen the last point of resistance. 3. Rising Channel - with completion of e leg and retest of mid channel before price moving down. 4. Simple ABC -...

ChrisSmithf0

Looking back in time to the last major consolidation of Gold from June 2013 to March 2020, we can see Gold make a significant rally from the Last Point of Support, after encountering the 50-period moving average. I see a similar scenario playing out, as per the chart. If we extrapolate the prior rally to the current price movement, then 2626 would be the...

ChrisSmithf0

This pair has been in consolidation within a Wyckoff Redistribution. The Upthrust After Distribution (UTAD) has occurred and the markdown of price may be in progress. This idea is for a short as follows. 1. Enter - .8560 2. Stop - outside consolidation .8600 3. Target - the horizontal resistance 1 ( .8500) near term and longer term the next area of resistance...

ChrisSmithf0

Gold entered phase E of Wyckoff Accumulation. Price may retest prior resistance before continuing the Mark up. Trade for long 1. Enter - around $2335 2. Target - overhead resistance $ 2365 3. Stop - below last point of support within Consolidation 4. RR = 3+

ChrisSmithf0

This idea is for EURUSD to move between Demand and Supply Zones on the 1 hour time frame. The trade would be. 1. Enter - around 1.0715 2. Stop - below prior swing low of 1.0677 3. Target - supply zone around 1.0860 4. RR = 4

ChrisSmithf0

This idea is based on the need for price to close a gap i.e. GAP UPFILL. On the 1-hour time frame, Nvidia posted a gap on the 24 th Feb 2024. This gap spans $680-$740 and remains unfilled. Price topped at $975 on 9th March 2024, and then went into a distribution consolidation. In April 2024 we have seen a break and retest of this consolidation. This idea...

ChrisSmithf0

A bullish Wyckoff accumulation pattern forming on gold in the shorter time frames. The spring has formed, look to go long around 2315. Stop below spring and target 2340. RR = 4+

ChrisSmithf0

As per chart trade suggestion. A recent bullish divergence printed on GOLD , which could see a correction in price to the early 1700.

ChrisSmithf0

Trade on chart , looking to short from potential Supply Zone.

ChrisSmithf0

Trade on Chart for RANGE of JPN225. Shorting at Supply Zone can provide a favorable RR.

ChrisSmithf0

Provided is a short trade to consider. The Double Bottom , together with the developing Bullish Pole + Flag , is suggestive the Aussie will appreciate . Likely retracement is plotted at the Fib .382-50 of the current swing , which is at the recent Supply Zone. The target is trend continuation to restest underlying support.

ChrisSmithf0

This index , as other equity markets , is in sharp decline. Trade on chart.

ChrisSmithf0

This pair has been Churning within a Consolidated Triangle for sometime now between intermediate supply and demand. From a daily perspective , it is easy to keep away from this pair. Awaiting price to break consolidation . From a Risk to Reward ( ie. Lower RIsk , HIgher Reward ) any movement to the downside would be a preferable trade. What do others think ?