My view on the dollar is relevant to all major pairs I trade, including GOLD, GBPUSD (GU), and EURUSD (EU). This week, we are approaching a strong high point with a previous Wyckoff distribution on a higher timeframe, now entering a significant supply level on the 9-hour chart. I anticipate a reaction at this level followed by a temporary decline in the dollar.
I...
I am currently holding a bearish view on GU, and I'm patiently waiting for a deeper pullback toward the primary supply zone. However, there's a nearby 1hr demand zone where we might witness a bullish reaction. If this zone fails, which is possible given the ample liquidity below, there's also a deeper demand zone just beneath it. We need to wait patiently to see...
With the BTC/USD pair, we've entered a mid-range area. Our TP1 (take profit level) is here, primarily to secure a small profit. Currently, our bias is short-term bullish. However, we're anticipating two substantial bearish consolidations in the near future. If we observe a robust market reaction, we'll close our long positions and let the market provide new visual...
Very possible setup on gold here we will watch pour zones to see how price reacts!
Always remember if price shows us something different, we will follow that movement....
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Hello traders,
Following my Elliott Waves analysis, we can tell that we are in the Wave B of the C for the first down trend correction of the US100.
In my opinion for the last long:
- We are going to reach for the first objective 14482-14572 before dropping (which is the 123%-127% of extension) of the green ABC of the Orange B.
- The second objective, is at...
Hello my beauties.
I noticed that USD/ZAR will most probably go through a phase of short term strength before marking down, after these very long term distribution schematics are completed.
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Gold broke above the fractal of my previous analysis, (see linked chart), taking a closer look at the 2011 highs I was able to use my method to create the idea above, I created a fractal between 9th May 11 and 29th Aug 11, from this I created a copy fractal to the present day chart, placing a copy of the 2011 bars in the fractal as guidance. 2020 was a week late...
A lot of analysis on USDCAD I see predicting a short from now, however this pair has an unusual trend anomaly, not sure why, but three peeks in either direction, 80% of the time results in the pair showing a rapid short followed by long, as such the analysis shows same above.
How's it hunting, trappers!! Did you know we are in a range on the pound? Its from 1.1950- 1.2560 Did you know the UK is in chambles and utter turmoil?
Well if you haven't. I'm here to help. Not save the UK but set you up for a monster trade!!
Note: Even though the pound is technically LONG overall the POUND IS OVERALL SHORT fundamentally!!
Here's why it...
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A long time ago, I drew a Fib Circle for BTC Long - Short chart and I have kept tracking it. So, far it has played out very well and we are on track (still following those Fib Circles).
Right now the BTC long-short is heading down and this is a bullish sign as Long/short or...
Update from my previous post. Looks like BBY is rallying and will continue to possibly around the $36 PT. Expecting this to hit max PT of $37.50. Searching for conformation of rally continuation such as a test of support, probably around the inner declining dotted line or at the previous high resistance of ~$35. So temporary long until otherwise.
