-On the major trend I'm expecting a full retracement around 1.08 levels. -Wait for the correction to catchup the move. -Tighten your SL at the potential turning point.
-Going against the trend is risky. -We've witnessed a massive sell-off movements on GBP/CAD lately, i'm expecting momentum correction in the upcoming days. -There should be a consolidation around the Rejection area approving the neutral sentiment in the market for a day. -Trade=False after breaking the level. -Tighten your stoploss and stick to your risk...
GER30 - Vision- -Price action has formed an ABCD pattern on higher frames. -RSI is showing a significant sentiment of an overbought market. -Exhausted bullish momentum is visible near the resistance trend line as well on the MACD and other indicators. -Bearish Flags / Triangles are movement continuation patterns. -Consolidation is generally interpreted as market...
High frames : Monthly : Rejection from a major resistance, "W pattern formation" Weekly : Massive sell-off reaction Daily : Higher highs / Higher lows mechanism = False Lower frames Consolidation, "price moving sideways". Sell continuation = Bearish flags / Triangles Correction upwards occurs "most of the times" when there is a consolidation. "Take a look at my...
-Strong downtrend on EURGBP -Follow the trend - wait for this correction to jump in. -Take a look at my old analysis on EURGBP to enhance your point of view.
ETHUSD possible scenario next Week -The accumulation level should hold to consider a buy. -Target : ATH
BTC/USD is trading above all time high. -I'm expecting an extended retracement / institutions are more likely to drive price down while taking profits and considering more loads at the accumulation level where they've bought earlier (Sideway market on momentum frames)
Market Cycle: -Long-term price cycles are a fact of economic life. For example, the U.S. stock market tends to run in four-year cycles. They exist because the ruling party inflates the economy going into the presidential election once every four years. The party that wins the election deflates the economy when voters cannot take revenge at the polls. Flooding the...
-Meaningful weekly close after a consecutive sell-off in the gold MARKET -A monthly closure around the MONTHLY vpoc area should be considered as an insurance to take advantage. -You can wait for a breakout of the bullish flag followed by a retest to consider safe entries and low risk otherwise look for an entry on very low frames. (Take a look at my old analysis...
Quick look at EUR/USD chart. -Monthly outlook = Neutral sentiment in the market. -Weekly frame = Weak bearish trend. -Low frames = Bulls filling orders.
We just witnessed a huge rally today on ES1! and NQ1! Since we're above 12,700 I expect for this bullish reversed trend to continue. I advice you to wait for intraday corrections before U.S session mostly, to consider entries with very low SL and risk. Target : 13300 If you want to cooperate while trading on a daily basis you can contact me via Skype: Djbrian.Galaxik
-The Lower lows and lower Highs mechanism was broken on GOLD once we reached a major support level. -Wait for the strike zone to be reached, don't feel the regret of missing a trade. -If it's a reversal, you can load at the correction levels / Buyers will panic at some levels, so be ready to load the MOMENTUM!