GBPCAD Short + S&R 3-1 RRHere is a mark up on GBPCAD as I see it. I am attempting to fade the strength in the Pound against the Canadian Dollar which is currently coming off of 2021 highs. It is a 3-1 risk reward and I am looking for another rotation down to where there was a large impulse move up on the February 4th 2021.
High
bitcoin bearish idea seems we could have topped out, i could be wrong as bitcoin loves messing with your mind, but im seeing the top maybe as we just are not moving at all as there isnt no volume, that drop lastnight was scary for alot no doubt for alot people, , lets see what happens , its only a idea but could play out
DYX on the dumpSince November I noticed a patter with AU, EU,NU, and GU that was similar to their 2018 trends that established our current previous high.
These pairs at this level are making initial MACD/SIGNAL crosses on the 4hr and day charts. This sentiments towards a huge increase in volume, which if occurs at their current levels will push to retest their previous highs.
In the chart presented the MACD/SIGNAL have made a cross just above the signal line. While the 4 hr chart MACD/SIGNAL cross is in play.
Let’s see if this checks out for a run to the top.
Please comment with thoughts and ideas. Thank you.
Final push to retest previous high?Currently the 1 hr chart is presented.
We can see a MACD/SIGNAL cross in play. If this stands at the next bar close out we can expect a huge buyer push to retest the previous high. On the day chart MACD/SIGNAL have already crossed while above 0 line to further confirm a huge push ahead. RSI on 4 hour chart has room to breach further into the overbought zone to further confirm a push.
GBP started off hot today while DXY why is swimming in poor sentiment so pay close attention to trade volume and trader sentiment.
Attached is is my previous GU analysis that is still in play, which sentiments the same play out.
Please comment with thoughts and ideas. Thank you.
EOS Accumulation Zone Complete / Result: Effect Stage CommenceHi Everyone,
It appears EOS has now completed its accumulation in respect to the Wyckoff Theory. Rhyming to the rules of Wyckoff Theory, we can see the Accumulation (Cause) now reflecting the strength of the buyers and pushing the price above the zone to represent reversal of the trend which should now have the health to make new highs (Effect). I Personally have a target of around the 1700-1800- Satoshi Range which is a potential 80% profit.
Other supporting factors include:
Volume: High (we haven't seen this peak of volume in 3 years)
Candles: Weekly Candle showing the buyer strength as consistent wicking of the weekly can be observed in favour of the bulls
EW: From peak of 2018, ABC wave correction complete with wave C extended 5th wave 1.618 showing exhaustion.
Lets see how this one plays out.
Please follow for further updates and other Crypto trades .
Please note this is not Financial advice and DYOR as always.
Thanks,
Husky.
BTC Possible Scenarios (For Now)BITSTAMP:BTCUSD
It looks like BTC is setting new highs again. We are approaching a 2.618 fib. extension level. If we go break above it and form a support, we could be VERY BULLISH. That would be nice, but for now i belive it is more likely that we will get rejected from that 2.618 level and retest much lower areas, then go for a final rally with the altcoins outperforming BTC.
I am not a financial advisor so don't buy anything that a say. Be well.
XRP still look bullish..Idea if you want to jump in nowHere's a trade idea for XRP/USDT for those who would like to jump in now
The price is still hovering where our MA crosses signaling a long. I use our MA script to define the entry
Our stoploss use pivot from our Stoploss picker script
As for the TP, I placed it near the next candle after the recent high as it might very well retest this area. I wouldn't suggest using the MA cross as an exit as it is not performing well for this pair.
If you are risking 2% of your account on that position, you should use 4.69% of your equity
you can learn how to define your Position size by googling "trend surfers position size"
this is not the best trade opportunity, but for those who really want to trade XRP today, you might want to consider this trade idea.
AUD/JPY - Price beginning its DescentWe've been bearish on this pair for some time now after a previous break of structure. Price retested the highs and tanking rapidly so far today.
If you want to learn about this analysis, using highs, lows and key structures just send me a message on TradingView.
Happy Trading guys!
XRP Daily - Fibonacci With the zone mentioned on the chart being from the weekly timeframe, it is likely that we will see a push towards this now $0.26 has broken.
The wick on the 22nd to $0.24 was also a sign that this move is likely to happen.
This would close the Monthly candle as a doji which is a good sign next month should be bullish.
APPLE - Falling From The Tree!Hello everyone, if you like the idea, do not forget to support with a like and follow.
APPLE rejected its all-time-high and now falling down, so we are currently in a down-trend.
on H1: APPLE is forming a symmetrical triangle (pennant) in red but the lower trendline is not valid yet (as it only connects two swing lows) so we will be waiting for a third swing low to form around it to consider it valid.
Trigger: Waiting for a momentum candle close below the gray area (the entire structure) to sell.
When the sell is activated, a downward movement would be expected equal to the previous impulse.
and until the sell is activated, this one would be overall bullish and can still break the upper red trendline and test the all-time-high again before falling.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
BTCUSD ATH last candle on 1W TFrame, then to down Week23 of 2021Next Min Low price Week23 of 2021 (06.13)
Maybe Min low price 4033.82$
USD/CHF - Trend IdentificationGood Morning Traders. Here is an educational piece on two key things.
Before trading a currency pair, we want to head to at least the daily chart to identify the long term trend on the pair before we scale down to our lower time frames. To identify a trend is simple. For an uptrend, look for higher highs and higher lows.
Here is a clear long term downtrend on UCHF. We can see price is making lower highs and lower lows. This indicates a downtrend.
It is important to zoom out and see highs and lows of markets long term. We've done that here with USD/CHF and we can see that price is now at 6 year lows! Will sellers keep pushing price down further or is this a level where buyers will jump into the market?
Top Tip - You can always switch to a line chart. This makes identifying the trend easier for forex beginners!