ONG, ada's stronger older brother!ONG is a silent beast.
We see that it was trading under $.10 around the same time cardano was in april 2020. Which of the 2 coins hit $4 first? I'll give you a hint, it wasn't ADA.
ONG's price structure has been developing very nicely since last year.
- RSI is in a up trend, creating higher lows
- Heading out of the Bearish zone in the Stoch RSI.
- Consolidated + Bounced off the .618 Fib beautifully
- Higher lows and Higher highs
- Strong diagonal uptrend
Only thing left, probably the most important thus far, is to have a candle close above the $1.21 price area on at least the 1 week. That will be the confirmation we need to propel us to $4 USD!
Longtrade
XAUUSD Long Trade SetupIn the bigger picture, a correction for more downside should be in the making, and we should be in its C wave. That's why my expectation is more upside, and my target is 1924. I think we have 2 options here. The structure between the blue lines can be a complete running flat, which looks pretty ugly, or a correction like between the green lines is in the making. In both case we should see some upward movements. That's why I placed a pending order over the trade setup. If it makes the wave B, I'll hedge my trade.
XAGUSD Long Trade SetupI think a weekly running flat is in the making and the current upward movement is the C wave of the B. That's why my forecast is more upside to 32. That's why I'm looking for a long trade setup, and a complete correction over the yellow trendline will be a valid one. As you can see, I annotated two options. It seems the white one is more likely because I don't think we have a complete correction yet. But I'll take a long trade if it follows the blue lines, because a correction there will be a good indication for a new upward impulse.
XAGUSD Long Trade SetupIt seems like a running flat is in the making on the bigger picture, and the last low can be the end of the wave B inside the wave B of that structure. So my forecast is the wave C and what we have after the last low can be the reversal pattern. Now, I'm waiting for a correction after the potential reversal impulse and a small trade setup to place a pending order. It's possible to set an order to 23.75 with SL at 22.80, but it's a pretty wide stop. My target is 32.
Lets Find Out Who is Strong Gold or Usd "XAU/USD".1:Market in overall bullish trend.
2:Market Respecting Fibs Level.
3:Weak bearish momentum at previous level of structure.
4:Moving Average under the price, showing strong momentum.
RR:1:2.
Notes:
:Trade at your own risk, wait for conformations on smaller time frames or whatever your approach is of conformation.
:It is all about probabilities.
:Look for News.
:Follow for more Ideas.
If any quire Comment on send me direct Message.
I'm Going with Gold, what is your take Comments.
GBPUSD Long Trade SetupEither the green 12345 or the expanding flat between the green lines should be the case. If it's 12345, we will have a correction and more downside. But my expectation is an upward impulse after the expanding flat, which should be over at the blue C. Then it came a strong upward impulse and a correction, which might be over. So, we may have a reversal impulse, and correction, which is in the making. Now, I'm waiting for a complete correction to place a pending order over the last top with SL under the correction.
AUDUSD Long Trade SetupIt seems like the 4th wave is in the making. The last low can be the end of the B. If so, the B wave is an expanding flat. Since it's an expanding flat, we may see more downside, but I like the bounce-back as a reversal impulse. I'm waiting for a correction to place a pending order. At the end of the 4th wave, I may hedge my trade, or book my profit.
USDCHF Long Trade SetupMy forecast is a bigger correction as I annotated, but the blue A can be the whole correction, and the next wave can be a big upward impulse. That's why I want to take a long trade. If I see a good chance for the wave C, I'll hedge my trade. Now, I'm waiting for a small drop to have a complete reversal structure to place a pending order.
AUDCAD Long Trade SetupMy main forecast is a correction and more downside. That's why I want to take a short trade, but it can be a good idea to take a long for hedging. Now, I'm waiting for a small bounce-back to have a bottom to set my SL. When I have it, I'll place a pending order over the last top. 0.93150 is the Fib confluence level, where I'll hedge my trade.
BTC big move confirmed. SOS pending? As mentioned in my previous post, I knew a big move was coming.
This move was big. It is as strong as when the price moved to £64,000 the current BTC All time high.
It is too soon to start talking about a long term reversal but this defintiely was a short term reversal.
I have attached a Wyckoff setup and from my intuition a SOS could be the next thing on the cards depending how the price holds at these key resistance lines.
CADCHF Long Trade SetupDespite the sharp and quite big drop, my forecast on the bigger picture remains the same, which is a running flat. That's why my expectation is still an upward impulse as C wave. So, I'm waiting for a correction to place a pending order. Then I'll move SL to BE asap because there is still some potential for more downside, and as long as it stays over the previous low (green A), coming down is OK.
AUDCAD Long Trade SetupMy annotations indicate my main expectation, but there are some other options for the completion of the correction. Then we should see a big upward impulse. Now, I'm waiting for a new low (purple B) and a reversal structure to take a long trade. I do so because the new low can be the end of the correction. If I see any chance for one more downside after the purple C, I'll hedge my trade, otherwise, I'll just move SL to BE.
Akzoindia for solid returnsThe stock has been trading in a range since the start of this year .
Currently stock is trading near trendline resistance, though it also created good support around 2280 levels.
Stucture of the stock is good on the higher timeframes, hance if it sustains 2280 levels, it could move towards the range upper end i.e 2500 levels and also beyond it up till 2780 levels.
NZDJPY - Long positionI'm looking for a breakout of the small downtrend that has formed creating a triangle. JPY is very weak at the moment and the trade balance news that just came out doesn't look that good.
I'm waiting for some bullish momentum and then may trigger a long position around 77.75.
Entry: 77.75
SL: 77.47
TP: 78.20
This basically 1:1.5 RR
AUDCHF Long Trade SetupAlthough the bigger picture isn't too clear, it seems like a running flat is in the making. Based on my wave count, the last low can be the end of the B wave, and if so, we should have a reversal structure. That's why I placed a pending order over the last top. I hope we will get a small trade setup after the regular flat, so we can take a better trade.