I shared this trade with my premium group last week and we are currently holding this on a long term buy.
I'm hoping to reach the TP zones highlighted, however a pull back would mean a re-entry for me on this pair.
Trade safe and good luck.
You can see our support and resistance zone ( red box ) that is marked out with arrows to show where this zone has been respected as support ( orange ) and resistance ( purple ) Now price is currently hanging around this zone like a drunk idiot who doesn't want to leave the bar at closing time because he has spent all night trying to hit on the bar maid who is 20...
Here we have a simple 4hr trend continuation trade on GJ.
Price has made higher highs and lows on the 4hr timeframe and has now broken a descending bearish trendline. I will be looking to go long on the next 4hr higher low which lines up with a trendline bounce.
Fib 0.618 lines up with both trendlines intersecting so this could be a high probability set up....
this is a potential count for BTC/USD.
if I'm right then we are correcting the sub-micro 3rd before one more leg up to complete the micro 3rd.
i'm treating it with caution though.
if you've found this useful, feel free to donate. thanks.
NZDJPY Short set up after last weeks lovely bearish action.
4hr bullish trendline broken.
4hr lower low made last week.
I am shorting on the retest of broken trendline, multiple rejections of the Fib 0.618 level and lower high forming.
SL comfortably above 0.786 Fib
A potential short opportunity is being presented, as price action here is clear,
we have broken and closed below my respected counter trend, now we looking to be retracing the CTL,
simply will be awaiting an sort of pullback/correction, up to the 61.8 fib, before looking to go short on this pair
instagram - @foreign_jugfx
Based on the previous analysis, the probable technical correction -8% also arrived exactly. It is therefore advisable to think about taking an additional long position. The exchange rate continues to inverse wave motion on the wave axis. If this is the case, the target price may be raised to 310 usd. A 13% increase from the current level.
BITCOIN’ (BTCUSD’). This is the first time I will be sharing a long term trade for Bitcoin’; it feels 1.20% really good.
I will analyze it as any other chart and I expect we profit massively from it. This will be an easy trade. Namaste.
Bitcoin (BTCUSD-COINBASE) Weekly Chart Analysis:
Let's start with the Bitcoin’ rally/bull run. ATH’, retrace, support...
Sorry - Another update..
The joy of continuously thinking, is you end up doing revision after revision around the same theme until you think you have it right... and then... you have a new idea :D
Targets still the same though so that's something :D
This is a long term prediction of the USDCAD monthly chart.
I am expecting the price to finish the horizontal cycle to the downside and retrace 50% of the impulse wave using the Fibonacci tool.
This is my probability for the USDCAD pair on the LONG TERM!
If we look at the graph of BPMX, it is obvious that the exchange rate moves with a falling ATR. Wave and fractal structures can be identified behind the decreasing ATR. Visible (yellow square) is currently the last wave structure. The next structure, assuming a fractal structure is built up, can be double. The figure shows that the decreasing ranges consisted of...