BITCOIN: BTCUSD Time to get long on next pull-back if not aleady long or to increase longs for rally back to the high. BITCOIN: BTCUSD Get long on next Pull-Back So 2004 was the final secondary low and we got filled OK without the stops getting hit. It was worth wrestling with this monster all day yesterday - hard work reeling it in but if you got long just...
BITCOIN: BTCUSD Aprproaching the highs and therefore becoming vulnerable to profit takers. Aim to do the same if long to lock in profits as old highs are tested and be prepared to go long again once the danger is passed, as per comment. You can draw in the upper parallel taking out the recent highs on 15 minute chart, same as bigger parallels on left of chart.
Short term Long into Resistance, Short Retracement to Lows, then Long to Next Resistance Highs. Trend basics tell us that Up Trends are formed with Higher Highs and Higher Lows and for Down Trends we have Lower Highs and Lower Lows . By marking the Highs and the Lows - Near, Next and Far - they serve as price points that need to be breached and then...
Lets wait and see...
Bitcoin: Another test of the highs underway. This comment is already a little out of date - written and thought it was uploaded yesterday but some glitch and was out so never picked up on it until now. Doh. Anyway, the call has been good so far, so see no reason to pull it even if a little late now - it should hopefully complete the final part of the rally today....
We had a nice long trade on $ACIA friday, we will be looking for the continued push tomorrow
S&P almost fully recovered the losses after BREXIT and now is looking for the next challenge,making new highs!
I will try to monitor and post in comments section every day my view on gold. And call some trades for future if I see them. I will use for this just candlestick analysis and daily weekly monthly swing highs lows as well as some trend lines to prove for my self one more time how important those pivots are in trading no matter you long term trader medium term or...
Short AUDUSD is in my top 3 FX Trades for several reasons: 1. AUD is considered a riskier G10 currency cross, so AUD trades weaker in risk-off markets, or when equities/ SPX trade lower (you can see the high correlation with SPX at the bottom of the graph). - With Brexit concurring last week, global risk has increased, this is especially the case for AUD due to...
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As man can see I drew a couple of normal trendlines and annotated all the highs. Will we continue to set a new LH or will we see a breakout? Leave a comment and like if you agree with the idea!
Hi Traders, We can see that from the initial low put in early last month AUDUSD has been in a bullish rotation. The structure zone of 0.7160-80 has been respected on a number of tests recently. Therefore I think it provides a good trading opportunity with a decent R:R. For anyone trading Aussie this week keep in mind we have RBA rate decision tomorrow (Tuesday)...
The USDJPY has multiple times had trouble with the pink resistance level but broke through it yesterday and is now coming down to retest it once again! We look to long it when it comes back down into the 121.4s as we then get what i call the "broken fang" setup meaning that price prints higher highs but equal lows (indicated by grey triangles). Other confluences...
The GBPNZD has multiple times had trouble with the purple box but has recently broken through it and is now coming down to retest it once again! We look to long it when it comes back into the 2.3s again as we then get what i call the "broken fang" setup meaning that price prints higher highs but equal lows. Other confluences are the .382 fib retracement, the...
The GBPCHF has multiple times bounced from the grey box but is now ready for a second retest. We look to long it when it comes back down into the 1.509s again as we then get what i call the "broken fang" setup meaning that price prints higher highs but equal lows. We can also see that we have confluence at this area as there are 2 fibonacci levels coming together...
The GBPUSD has multiple times bounced from the purple boxes but is now ready for a second retest. We look to short it when it comes back into the 1.537s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. We can also see that we are currently retesting the blue trendline which hopefully holds and help us...
The CHFJPY has 3 times bounced from the purple box but has now finally broken through it. We look to short it when it retests this level again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. Our stops go above the resistance box and I'm hoping to catch a 1:3 on this one as price should come back down to at...