adrian_24K

adrian_24K

the explanation is on the chart longer term i do expect the eur to fall once this complex correction is over. But the correction is not over yet we may get another wave to the upside

adrian_24K

with the rise of bitcoin we have seen a lot of cryptos losing their value, and I believe a lot of money is coming out alt coins and going into bitcoin, thus I remain bearish on XRP and most altcoins. EW showing we are on the fourth corrective wave which has not completed. If EW analysis is correct then we should see XRP go lower, possibly all the way to the .68...

adrian_24K Updated 

same chart just with a channel

adrian_24K

waiting to see if the wedge breaks, then to go short. this looks like its setting up to be a head and shoulder pattern but who knows let the price shows us what's going to happen. But if that wedge breaks then expect further downside. all he way to that support 1, then there is the possibility of long set up but I will update when we get there and see what price...

adrian_24K

I am bearish for now! I expect one more leg downwards before a strong reversal. I will be going short on this as the trend continues we have a good set up with price within the bearish channel forming into a wedge favouring a move downwards.

adrian_24K

1.28000 area where previous resistance level was, now should be good support for the dollar. we also have a falling wedge with rsi convergence. waiting for price to come into that 1.28000 level for a buy! we could get a double bottom so it might not reach that level fully so take note. two ways you can trade this. 1.wait for price reach the 1.28000 level then...

adrian_24K

last week I posted what was going to happen with the pair and i still stand by my analysis nothing has changed. I am still bearish and i believe that we still have one more leg to go to the 1.618 fib extension. Even though the market pushed through back into the channel it came back down a break of that smaller channel would really accelerate the move downwards.

adrian_24K

almost there just waiting to complete......

adrian_24K

a break of the upper line of the falling wedge will confirm my bias and i will go long once price pulls back into the upper trend line wait and see for now

adrian_24K

We have a bearish gartley pattern nearly complete. just waiting for one more push once price enters the PRZ ( potential reversal zone) I will be waiting for price action to give me a bearish candle then i will enter a short position. for this pattern to be valid I will need price to push into the 1.27 fib ext of B-C then in to the 0.786 of the XA but must not...

adrian_24K

A possible bearish gartley pattern on the SP500. we also have a channel which suggest that price will continue downwards. I think that stocks are still in hot water and this is a good opportunity to go short. I have three reasons to go short 1. PRICE GOING BACK INTO A TRENDLINE 2. BEARISH GARTLEY 3.A BEARISH CHANNEL

adrian_24K Updated 

A possible gartley pattern forming. clear ABC formation. Even thought we have a possible trend change after breaking through the 2.00261 and the 2.0000 level. will be shorting back to 2.00216. Targets need to be adjusted a little bit.

adrian_24K

going long on this AB=CD pattern. the c leg retrace of A-B was at 707 fib so C to D leg 1.41 fib ext. we also have convergence between price and momentum indicator. Also if you measure the previous leg C retraced to 0.61 then price dropped all the way to that 1.61

adrian_24K

on the chart. this is an update to my previous post. I still stand by my earlier analysis for now as we can see price is correcting upwards back into that trend line. I will go short again and a target all the way down to the 1.618 fib ext

adrian_24K

nice bearish candle on the 4h. price hit the 0.50 fib retrace where previous support was. Price went there before was rejected so it may continue breaking down. already went short a bit risky but hey sometimes I like to go out of my comfort zone lol. highly not recommended

adrian_24K

everything is annotated on the chart but if you missed the first trade then there is a second sell set up could be forming which is even less riskier. I believe that this is one the easiest trades you can take

adrian_24K

I will only enter a short trade if there is a clear break of the channel, and price reverse to test support back into the channel I will update. from Fridays NFP price did rally hard but what really caught my attention is how quickly price reversed back to near support. Is the market hinting that that price might start breaking down to resume downtrend?? wait and...

adrian_24K

broke structure a possible relief rally then a trend continuation trade at the .38 fib retrace