Unless you are willing to risk down to $21.5K, there is no long setup to speak off here at the moment.
This is more a level in the market where the heavy lifters are likely to step in.
Don't fall for all the fear and panic.....the Big Crash will surely come, but they need to ramp the markets back up into Trump's re-election imo.
AUDUSD has bounced hard, too hard perhaps, and needs to do a little bit of back filling. Harmonic Bat Short Entry is pending.......textbook Bat entry is 88.6%, but I have seen too many air kiss that level before turning aright back around.......76.4% entry and/or hunt LTF charts for reversal structure.
Key Reversal and "Grade 1 RSI TL" Continuation Thesis in play.
Trade already active. Place entry at trade confirmation level (shown), or go down to lower time frames and hunt short range continuation setup's.
US Equities are 1 day away from painting a monstrous Key Reversal on the MONTHLY chart, the like of which has no precedent!
I love to trade these on v LTF charts, typically on the NYSE open, and typically with a 76.4% retrace buy-in. A Similar strategy could well prove itself prudent in this example, but instead of taking 30 minutes to get an entry, and then a...
There is a Bear Gartley working on a HTF, so have to consider this as a counter trend idea (gulp...usually doesn't turn out well when I state this in my notes).
However, price has been very directional since the breakdown at the resistance trendline and therefore, a retrace is due, imo.
RSI, the best indicator out there, bar none, imo is divergent with price and...
Despite the very nice Key Reversal candle which has also formed the top of this Ascending Wedge pattern, for me this EURUSD Short is not yet oven ready.
Until RSI support line (shown above) is breached, there remains a strong likelihood for any Stop's above the local pivot high to be run out.
Trade box is for illustration purposes only.
RSI has broken out confirmed bullish. Confirmed Bullish market structure, with price currently testing the consolidation range, setting up a potential Bull Cypher harmonic.
This is just one setup idea, to trade USDJPY, which imo, is in need of a bit of upside action.
Had a few frustrations the past couple of days with dicking around with too deep retrace entries after a setup has confirmed (and consequently missing the move), so in this instance, I am looking to front run a small iH&S on the 30 minute chart.....would advise that anyone else who likes the idea of a USDJPY bounce trade, waits for more solid price structure to...
There seems to be a high number of Trading View members posting XAUUSD short ideas, which in my view probably means that the trend will keep on pushing up popping all these guys stop losses.
No doubt about it, this trend is getting very long in the tooth by now, but I don't see any short signals on any of the HTF charts, and a setup is a setup.
I have had my eye on this forming bullish Bat Harmonic for the past couple of days, but have probably missed the optimal entry.
I shall continue to work my bid at the text book Bat entry level (as if they actually ever get filled on a successful Bat trade), but am keeping my eye on the forming diamond price structure, for further signals that might warrant taking...
On the higher time frame charts, GBP looks like a short. However, I don't see it going down without first taking out all the premature shorts with their Stops behind the pivot at 1.3700. This is a trade idea looking to take a slice of that upside action.
I find it is often prudent to take profits on these Harmonic Gartley style trades around the 78.6% trend...
Daily Gold Chart is putting in signals indicating that the bull trend is well intact and ready to push higher up the chart.
Trade entry is set to notch on consolidation Volume Profile.
Gold however really does like to play the Fibonacci Levels, so perhaps the swing 61.8% level at $1560 would prove a more prudent entry level.
As always, I like to operate a...
Untidy bottom in need of testing in AUDUSD . Current rebound starting to look very tired. Whether to enter AUDUSD on tag of Harmonic Level or on confirmation of reversal signals on Lower Time Frame charts is at the traders discretion. Whether to aim for a retest of the bottom, or a continuation of trend, is also trader discretion and something which may not be...
Detailed description is provided in the text boxes in the chart.
On the Higher Time Frame Charts, US30 (DOW) looks ready for a bit of corrective action.
We have already had the FU move to put in the ATH, with considerable reversal configurations in place on Daily Chart, am watching the Lower time frame charts for this Harmonic Gartley (bat) trade to set...
HTF GBP charts looking super bearish on so many levels. Given the protracted consolidation and failure, this bear trend may move fast. Trade shown isn't a realistic setup for the majority, but bound to be plenty of trend following opportunities on the move down (am already in one on LTF charts)
Trading textbook setups like the BoT may well just get you routinely fkd up
the ass in Forex and/or on LTF equity charts.
But scale up to the vHTF charts, and it is a very different story
(it would take Alien Empire proportions of market clout,
to pull a FU move on the structure base @$1050
and run all them central banks out of their positions).