SergioFXtrader

SergioFXtrader Updated 

Shorting GJ Sell limit 162.85 SL 164.00 TP 157.00

SergioFXtrader Updated 

2d chart: I have a 2d chart on the right where I believe we have a Wyckoff re-accumulation, it´s finishing the BU and looks like it wants to break to the upside for a rally. In the 2d chart, look at how price is slowly chopping away the supply at the resistance level, any supply that appears after hitting the resistance only creates a HL. Additionally, the...

SergioFXtrader Updated 

I´m long AUDCAD. I believe we are in a Re-Accumulation scenario and we are “Springing” from the low 0.90s. To the right I have a 2-day analogue chart (USDJPY) from early 2020. Analogue charts can be great guide and tool to anticipate price action, too. They are great until they stop working, then we just move on. Nonetheless, the analogue chart is pre-covid...

SergioFXtrader Updated 

Reaction from (C) to (D) has diminishing candlestick spread characteristic which suggest a rally is coming. If price reaches the 157 level, pay close attention for a possible Distribution. We do have a point of release at 157 and a liquidity pocket between 157.00 - 157.50

SergioFXtrader

I´ve been following GJ closely, the last reactions in the 1-hour do not look threatening. Let me know what you think.

SergioFXtrader Updated 

I don´t see a Wyckoffian "spring" to be classified as an Re-Accumulation, yet. In this whole TR, I don´t see any commitment of demand, supply has been present throughout. This last rally in the 1-hour chart can be classified as a 2nd point of excitement. This is the transfer of money from weak hand to strong hands. Slower timeframe analysis looks weak, too....

SergioFXtrader Updated 

Please look at my previous post where I go into depth on this Distribution idea. For some reason in the two window display chart, it posted it in the 8hr chart. Sell limit: 1.5786 SL: 1.5836 TP: 1.5486 Good luck trading.

SergioFXtrader

We have reached a Change of behavior that has led GJ into a trading range. Up to this point all the supply candles look much better and in control than the demand candles. Although I´m leaning towards a distribution, at this point we have to treat the trading range as a re-accumulation to be confirmed or to fail. A very interesting observation is the JPY basket...

SergioFXtrader Updated 

RSR looks very weak to me. Each attempt to rally totally fail. I don´t see any buying volume either. It seems like any big player totally sold on the way up and left left this coin. Nonetheless, it has hit a big weekly support area that every attempt to rally totally fails and is followed by a LL. If you follow this coin, wait for a the third rally that is...

SergioFXtrader Updated 

This is an update on my previous GBPJPY post, where I thought we were in a re-accumulation.... Now we have shortening of the thrust and hidden supply. Good luck trading.

SergioFXtrader Updated 

I´m short on EUR/CAD because I believe the last swing to a Daily support level is the BU of a daily re-distribution. the 4-hour chart buying climax does not show the shortening of the thrust you see in the 1-hour chart. I´m placing a pending sell limit at 1.4600 w/ a SL at 1.4630, and TP at 1.4300.

SergioFXtrader Updated 

If you look at the the Daily chart we have a reversal significant bar (engulfing candle). This is the first time it has appeard since the start of the rally from the 150 level. This bar can be powerful and can signal a potential pullback in the swing. If we analyze the 1-hour chart we had a re-accumulation that failed, this signals a change of behavior in the...

SergioFXtrader Updated 

Continuing the rally price seem like it reaccumulated. We also have a spring + the breakout. I like to place the Fibo on the breakout bar and wait for a retest at a liquidity base area.

SergioFXtrader Updated 

USDCAD it´s currently in a daily TR, it has hit a support level in this time frame. We zoom in to the hourly-chart and we have spotted an accumulation and spring, it still needs to produce a BU before rallying. This price action happended at the daily support level. Our target is a Daily resistance level. An analoge chart is GBPAUD from 04.16.2021. I forgot...

SergioFXtrader Updated 

I have the 4H and 2D charts to explain the 4H distribution and major upcoming downtrend. Let´s first establish where we currently are with a slower timeframe. I believe that the 2D chart is a Wyckoff distribution. This chart is a bit tricky to draw, we have to think a bit outside the box with this one. Nonetheless, I believe we are on the cusp of the BU and...

SergioFXtrader Updated 

GJ has been down trending since October 19, 2021. Currently sitting on a daily support level. Zooming in to a 4-hour chart we can see that is currently on a trading range (TR). The last rally of the TR looked, to me at least, extremely bullish, but acted bearish, as this rally was completly negated by the last reaction. This reaction brough price to the base...

SergioFXtrader

In analyzing the weekly chart it looks as it´s in a current back-up (BU) of a distribution. If we zoom into a daily chart price just broke a wedge resistance and it could test this new support level and produce the BU for the weekly distribution. Buy limit: 1.1330 SL: 1.1280 TP: 1.1580 RRR: 1:7

SergioFXtrader

EURAUD seems like it´s in a Teepee wyckoff distribution pattern, where there is speculation on the way up and urgent selling on the way down. An analog chart is the GBPCHF daily chart. If you are thinking of shorting this pair, as I am, POE should be placed at the resistance level of the TR.