As you can see on the monthly chart, price broke a well respected trendline and has been very bullish. We should be expecting continued bullish momentum towards upcoming resistance (On lower timeframes price is retracing for now). When and if we reach the highlighted zone, we will then look for a rejection of the zone or a break and possible a retest should the...
AUDCAD performance for the whole of NOVEMBER!
First trade; SELL banking a total +1.7% gain
Second trade; BUY banking a total +0.50% gain
Third trade; SELL SL hit -1%
total net profit banked risking 1% per trade= +1.2% GAIN
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the...
AUDCAD performance for the whole of NOVEMBER!
First trade; SELL banking a total +6.7% net gain!
Second trade; BUY hitting our stoploss -1%
total net profit banked risking 1% per trade= +5.7%
What is our strategy?
Our strategy is a trend following strategy - that is coded in pine script to use with the trading view platform - the entries are shown...
CADJPY performance for the whole of NOVEMBER!
First trade; SELL closing at a -0.3% loss
Second trade; BUY closing at a 3.3% gain
Third trade; SELL closing at a 0.9% gain
Forth trade; BUY closing at a 0.1% loss
Fifth trade; SELL closing at a 0.3% gain
Sixth trade; BUY closing at a 2.7% gain
Seventh trade; SELL closing at a 0.1% gain
total net profit banked risking...
Hoping to see XRP back below $0.20 by the start of November, an across the board market crash would make sense right before an election this big.
Another retest of the bottom of Januarys range, a dip below is a great buying opportunity before the great reset.
A short term trendline has been broken and now into the range shown, lets see what the end of October brings. 🤞
Euro has been in a bullish channel for ages now since the above resistance from the monthly candles formed from Aug - Sep.
Expecting this channel to continue until this resistance is met and either rejected or broke.
Not too familiar with this pair see how the week starts. ✌
Using all the price action we have on gold we are at the peak of a bullish channel that goes all the way back to the beginning of PA.
Should we continue to see bearish price action whilst trump props up the $ for re-election it would make sense for this scenario to occur.
This would cause everyone to have a huge sell off on all markets, I think.
We would then...
A pullback towards $0.19 - $0.18 would line up perfectly for a 4th wave following the basic elliot wave theory.
The 4th wave would align with the major monthly support around the black zone.
A fibonacci from wave 2 to wave 3 is ideal as this is from the last higher low to the most recent higher high. The 61.8 & 78.6 retracements align perfectly with the support...
We are at the end of the wedge if we look at the Bitstamp chart on a Monthly Timeframe on the log scale to include the huge increase in price from Jan 17.
If we see the same increase in price (100,000% +) we could be at $125 by EOY, lets hope so 🙏
Following on from my previous two ideas’, 'Gold to 1700 soon, 1800 not long after', (see below), shows the rise as projected but with some correction first, because of this correction I see gold dropping from below the top of the fractal and not above as shown, this is also the same as the copy fractal from 2013. (see Gold south to north projection with pace...
The majority of traders are caught up in bearish and fearful sentiment.
Could this be the key reversal point of a HTF bullish upswing for Bitcoin/USD?
Exciting times.
