GBPJPY Outlook for Nov 7th- Nov 11th LONG if Closes Bearish Top-Down Analysis: Starting with a Top-Down analysis POV. In the Daily I will wait and watch for how Monday will Close. Remembering that Monday is huge day for manipulation we need to wait patiently. We do not always need to be in the market. A successful trader is a patient trader. Trend Analysis:...
I have been tracking the impulses of GBPJPY. In the past 10 days, the average impulse in around 367pips. of course, that is b/c a couple really big plays without it the average comes to around 260-300. I've noticed that GBPJPY impulses at the end of a consolidation periods. Capturing such a move would be a nice add to the trading account. I can see why GBPJPY...
wow! talk about a blow out. luckily i had my stops set. holy smokes!
We will be looking for a 3rd, possibly 4th tap of the resistance. Appying the 1% rule to this trade, i will split my overall into 2 trades. ... 1st trade will be the 3rd tap with a 35-40pip S/L.> as GBPJPY you will want a bigger S/L as it moves faster and most spreads reach for S/L's.... 2nd trade will be the possible 4th tap of the resistance, to hopefully get...
I noticed a BULLISH Harmonic Bat Pattern panning out on the EURo. Point B of the AB=CD pattern is sitting at a nice 50-60% Fibb retracement of Move X(Starting/Bottom Point of Fibb)>A (top/End of Fibb) Point C is laid perfectly at the 35-40% retracement of Point A. and Point D is around 160-170% retracement of leg B>C. Making sure to place S/L Below the beginning...
I believe we are in the end of PHASE A of Wyckoff Accumulation. Please refer to m chart mark ups for briefing... This is not Financial Advice, and One should not Buy; Sell; and Trade anything off of my Speculation, as this is ONLY MY Speculation of BTC. I hope you enjoy!~
(TSLA Long ) Looking on the Weekly you will find, that we are sitting a Strong Support Level. Jumping down to the daily, you will see that we have an ‘M’ Formation, which I believe is not yet finished forming. We will probably see one more impulse up before finishing the ‘M’ Formation. Also, The candle currently sits as a Bullish Gravestone Doji which is a...
Cypher Patterns are a great way to spot entry points, with any given trend. Cypher advanced formation is the most accurate formation among all advanced formations. It is about 70% accurate if identified correctly. In this case, I believe that GBPJPY is creating a BEARISH Cypher Pattern. At the point we are at, right now,(166.00) i see GBPJPY reaching my TP2 of...
Looking back at the Weekly, you can see we are at all time high, with a DOJI candle, 4 days out from closing... Is LTC about to turn around? Is BTC about to turn around?
We are in an uptrend on GBP. Assuming this trend holds, there is a potential trade coming soon. Trendline: I have placed a trend line that can be found on the Weekly Timeframe - In addition I have added the pitchfork so you can see the different levels that this price action has been moving in. Support line: I found the support line in the D...
Sitting back and waiting for a bearish reversal, and will SHORT.
IF Gold retests, i will LONG once breaks though. Another LONG after confirmation...
Looking for XRP to retrace to a .51-53 region before taking off the day after Christmas. I'm not one for Christmas, but in the times we leave in, we need to zoom out and remember that family is most important Get away from the charts and be with your family until then.. Happy Holidays~