Bigpips
GBPUSD price has continue to rise after hitting key levels highlighted in green. so, price will probably go up to the 1.39550 range before shooting down to the 1.32000 range.
Gold Buy (Possible 600+ Pips)Here we see the institution dropping the price of gold I. Order to liquidate, as well as find the most comfy (premium) buying positions. The take profit area we are looking at is in the 1900 range, and could definitely pay your bills this month ! Please tell free to hit me up any time! Happy to teach! All donations accepted and appreciated so much THANK YOU DONERS!
Don’t fall for the fomo and as always allay the force be with you !
NZDCAD/ Sell Wyckoff & Institutional BiasNZDCAD has reached its D1 Mitigation zone on the body, looks like it could push up to the mitigation on the 50% of the Institutional candle.
I've already made my first entries on that first green line and I'm looking to enter my other entries on the black line above. Another thing that confirms my sell is the wyckoff schematic . Price has reached its UTAD area which signals a major reversal and long time sell. The risk to reward ratio used here is very good (5:92)
Use proper risk management and safe trading.
Short Position WTI OILTaking a Short Position on WTI Oil due to the recent rally not being able to breach the 4H Resistance zone, The forecasted data on US Crude Oil Inventory Supplies is set to be positive, this is why Oil has risen in my opinion, however there is a risk of the news missing and more and more talk of an demand slowdown globally, therefore I believe we could see a healthy retracement. R:R is about 1:3
UPDATE ON SP 500 OVER +1300 PIPSNow a couple of weeks ago, maybe a month ago. I sent out the long term analysis on what the heck will happen with SP 500. Told all LEH traders to use the calculate the stop loss of 300 pips accordingly towards their account amount. This is the best trade for the year so far. I didn't expect it to drop so fast, assuming it will take at least a couple months before we reach +1000 pips but here we are, enjoy your profits folks. The analysis is in the related ideas.
Cheers, Thomas
USDJPY waiting for a Bullish BreakoutUSDJPY has a strong resistance test for a while making a Bullish Continuation Pennant. The overall structure of the market is going up. Waiting for the resistance to break for a nice move upwards.
GBPAUD Potential Shark PatternOn the 4 hour and Daily, there is a strong potential of a shark pattern completing for GBPAUD .
As of right now, any pullback is for the short. Fundamentally speaking, the bearish sentiment falling on GBP and AUD strength aligns itself with the technical analysis on this pair.
If and once price reaches the target zone for entry, look for reversal candlestick patterns as well as consolidation before getting into the trade. These are two key confirmations needed for the harmonic pattern to play out.
Make sure to take majority of profits at TP1, wait for the retracement, and then ladder in positions for the buy till TP2.
Let's see how this plays out.
Large trade opportunity GBPJPY downward breakoutBased mostly on the bollinger squeeze and dilation which points to breakout and the direction is most likely downwards. ascending wedge which more often than not points to downward break. price is moving down at this time although trend is still up which is cause for wearysome.
EURUSD Continue in Channel? or ReversalEu has been on the rise for sometime and will likely continue a bit further. It is very well due for a correction/reversal sometime in the near future. TDI bands are highly overbought along with some RSI downward pointing divergence. I can't remember exactly where although I do remember that EU is coming up on a fib level that would make for a perfect harmonic pattern on the monthly/weekly. Keep watching.
AUDUSD - Long Term Bearish but short term Sell opportunitiesAU has been stuck in a consolidation on H1 and lower frames but Long term sell opportunity.... Previous uptrend was broken with friday (26th) close...
I have a sell Limit at the blue area but an agressive sell can also be warranted.
1st Target is the conservative 0.75398 area but I will move my stop there and let it run
Cypher Pattern, AUD/JPY, 15 minHere we see a Cypher pattern on the AUD?JPY charts, supported by a bearish trend suggesting that the market will continue down.
I believe that the marker will reverse at the standard deviation and rally to the 1.618 extension of the BC leg.
My entry, as always, at point B , my limit is at the 1.618 extension and my stop is at the highest high or point X of the cypher pattern.
Thanks for tuning in, As always , dont forget to follow, like and comment
Good Trading everyone!
