AUJPY broke up the descending channel . It has formed a short term uptrend. In order to buy I am waiting a break - retest of the resistance with a TP level close to the most recent solid resistance I spotted.
Otherwise, if it breaks the current support zoen and retest it pointing down I will go vice versa.
In general BoJ is more dovish while BoA is more...
We have a beautiful peak put in on EU. We are projecting continued movement to the downside. Keep an eye out for a potential safety trade.
Daily: No trend
H4: Bearish Harmonic
H1: L2
Have a great weekend
Look for clear entries during trading hours on the M15, 5 & 1. (London and NY)
Manage all trades according to your trading plan.
***This information...
Hey guys!
It's possible we see a reset short in EU tomorrow. The best thing to do is to sit on your hands and wait until price action becomes more clear. More advanced traders should be ready to trade both ways. Last TH's low is still a possible anchor to trade long. We are favoring the short but we will not force anything.
Trade smart.
Daily: Short
h4: No...
Hey guys!
Quick post.
What we're seeing is a possible reset short. Remember resets are most common in L2. Here's a perfect example of why we trade with an open mind and never become attached to any one direction.
Daily: Short
H4: Bearish Harmonic
H1: L2 short, EMAs crossed down
The market is a little shaky due to the news. Anything can happen. Trade according...
Dear trading enthousiast,
Maybe I am suffering from tunnel vision, or confirmation bias, but I see many trend lines converging to a ~6400/6500 target to the beginning of May (and a capitulation afterwards).
Earlier I expected a pullback before reaching the top of the channel, but I think we won't see that happen (in fact, I don't think the bottom of the channel...
Last week we saw our EU short cycle play out. We are currently in L3 and have a short ways to go before reaching 3xADR. We are expecting EU to reverse and rise soon but we aren't looking to actually enter until have we have a locked peak to confirm our bias. Be patient.
#thepoerof3s
#reactdontpredict
EU is in range condition. It would be nice to see a play short off the how of the week. Be ready to trade both ways. To be safe, wait for a breakout to determine direction. If you would like to see a breakdown of another pair, feel free to message me. Updates to come.
i use BiTMEX to get the feel of Sir Arthur's whale clients and liquidity pooling
either spoofed real or legit the price action is well syndicated as fine as a china ware
the motivation of the exchange be it BMex BiNANCE etc. is to provide liquidity
to either at a PREMIUM or at a DISCOUNT and create a RANGE to churn wash
whatever nature of business the client...
new blood new whales new recruits on board
main event is May 2020 at which BTC may just be above $20k as SHOWCASE to the rest of interested parties 2 years ago that are beginning to get a feel of this ANIMAL'S vanity
this issue may just be a game changer when
packager and sponsor settles allocation among strong hands
with huge supply currently in custody this can re vert to all time highs
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for now BUILD a POSITION at CAPITULATION LEVELS
This is what I'm looking at for BTCUSD3M on OKcoin.
We have the area 360-365 which is a +OB, nice confluence with FIB OTE.
We recently made two pretty much equal lows.We should have liquidity below, people who got in at +-360 and moved there stops below these recent lows are an easy target for the MM/woodchipper. If we hit this area and trade away from it...
