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USD/JPY BEAR SWING RETRACEMENTUSD/JPY bear swing was absolutely beautiful, but we are not done yet Usdjpy has a looooong way to drop still, the impending US recession is not going to be pretty and the moment the market gets a single whiff of hawkish-ness from the BoJ, this pair will sink to the bottom of the ocean like ATLANTIS In the mean time however it looks as though the bear swing has run out of some steam, and a healthy retracement is in store. Fundamentally DADDY JPOW just raised the US rates by 25 basis points, which in all likelihood will bring some short term support to the dumpy dollar. Either ride USDJPY to the Yellow or Green zones, depending on how strong momentum and price action is.
Long
by NakedTrading4U
2
BITCOIN RIGHT SHOULDERLots of fun things and happening around the crypto world the past few months From Mr.SpankMan Fraud to banks dissolving out of existence and lets not forget liquidity crisis abound. From a fundamental standpoint things arent so great in the United States for crypto. STILL congress has dragged their feet and has yet to provide any significant framework for how they want crypto banks/business to run that are based out of the USA. This is in contrast to Europe and Asia where crypto regulations and regulatory bodies have laid out a much more concrete, if not still obscure, framework for how they want crypto businesses to operate. From a corelation standpoint, Bitcoin is becomming less and less corelated to the overall US stock market, which is a good thing in general and should continue. Silvergate is not helping the situation but the lack of liquidity only means that volatility will increase. In times like these i like to go back to technicals, and from a technical standpoint THIS IS SOME ELEMENTARY SCHOOL BASIC PATTERN FOREX TRADING 101 RIGHT SHOULDER, STOP LOSS BELOW "HEAD" BUY BITCOIN DUHHHHHHHHHHHHHHHHHHHH
BITSTAMP:BTCUSDLong
by NakedTrading4U
JPYX INC BULL SWINGJapanese Yen is nearing a crucial point of FIBO level 61 This level can be see as a pivot point for price action many times over and over again The yen fundamentally is in a 20+ Year run of Qualatative easing and negative interests rates The new BoJ Ueda seems very reluctant to use any type of terminology that leads one to believe that a swift change is on the horizon However the tides are still shifting for the YEN and the consensus of a great majority of economists in the region is that its not a matter of IF QE will stop, its just a matter of WHEN Assuming our critical fibo level holds as support for the WEEKLY uptrend, then we should see the DAILY/H4 trend turn from BEAR to BULL at these levels Our targets are painted by the Fibo Extension of the potential support levels
PEPPERSTONE:JPYXLong
by NakedTrading4U
CABLE BULL BREAKOUTAfter several weeks of Price action consolidating on CABLE inside of a DESCENDING WEDGE and forming several HARMONIC PATTERNS it appears as though we finally have a winner between the bulls and the bears. Based on the price action a bottom has been formed and a breakout of the WEDGE PATTERN has occurred. Assuming this is a STEP ONE BREAKOUT and a total reversal of the bear momentum, we should see a RETEST next week, potentially during CPI, and a KISS of the broken trend. Entries have been painted in two parts along with a stop loss BELOW the painted support areas @1.192, if CABLE is to break back into the pattern and challenge the bottom formation again, we will get out before it does so. If all goes well a new BULL TREND could form and CABLE will attempt to make a NEW HIGH
Long
by NakedTrading4U
1
4 HR ANALYSIS - Will GBPJPY FINALLY break out of this Flag?Hey guys, So, on my last post I said I wanted to see price come up to 163.500 to fill that imbalance on the left and also retrace deeper into the higher time frame bearish fib (it was already hit but I wasn't convinced that that was enough I needed it to at least pull up to the .618 level. So now that price has given us that, we just need to plan accordingly and see what price wants to do from here onwards. :) As always - I have more than 1 option just in case, but I would like to see GJ pull back before trending higher even if its temporarily. Option 1: Bullish Price may come down to either 159.500 or 160.500 to remove liquidity and accumulate sellers before it reverses and takes off bullish. It just looks too good to be true if it only trends bullish from where we are now or if it just reverses and drops straight from there Aswell. Remember - If it looks too good to be true, it usually is, and we know that the markets don't work like that obviously. Also, the overall sentiment is bearish for GJ so it makes sense to keep accumulating sellers and luring them in and then reverse from there. Option 2: Bearish Price may just want us to think its manipulating us to go bullish and may actually go bearish in the end so we can't completely write this additional perspective off because it is very possible. It may come down to 159.500 or 160.500 and then retrace from there and accumulate buyers only then to drop and continue bearish removing all liquidity from the previous lows over the last few months.
Long
by Pmilanoxx_
12
EURUSD DAILY TRADE Hi all As of right now, what I can tell is that there is a whipsaw pattern before the peak, with the highest price being 1.09308 and the lowest being 1.08350. I'm interested in trading at the levels 1.09031 and 1.09308. Before reentering the market, watch for a rejection at the 1.098533 level if the peak is broken. Share your thoughts My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
Short
by mytw0cents
XAGUSD WEEKLY TRADE IDEAHi trader Silver ends with a low of 17.55 after breaking consolidation at 21.66. There was a lot of liquidity between buyers and sellers between 24.6 and 24.30, and the price is currently close to the 0.764 fibo retracement. so, I intend to sell, with 21.66 as my first target. ratio 1 : 2 Share your thoughts My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
FOREXCOM:XAGUSD_PER_0.01Short
by mytw0cents
GBPJPY - 4 HR Projection and Analysis Just a couple of options i have drawn out for GJ. There are obviously many more ways price can move here. But these are just the main couple i am anticipating. Also note that the depths and amounts of retracements may vary - making it seem that there are way more options for price to travel but they are all pretty much the same - As long as the direction continues in the same manner and the pullbacks react at significant areas, i am not too worried. As long as my anticipated direction and behavior reflects the actual behavior on the charts, I am not fixated on price hitting the exact numbers like 158.500 etc. I just have those as a rough guide or area. When price hits those areas i will then readjust and re-assess my perspective and analysis. 😊
by Pmilanoxx_
2
AUDJPY - 1Hr Analysis and Projection updateHey guys, Just an update on AJ. These are a couple of the options i have drawn out as my biases. I am completely aware that price can continue bearish, and that price can also not retrace at all and continue bullish. If I am looking to enter, I need price to retrace to either of those key levels inside the FIB and then give me confirmations. This retracement will put me in the best overall position to buy with minimal risk. It just makes more sense for price to go long to me for a few reasons: 1. Its trending in a bullish channel - Traders are caught that these channels play out perfectly every time and to treat them the same and enter at a break and retest or whatever they are taught. This thing looks too pretty and too perfect - and i always say whenever something looks too good to be true it usually is. So, it's just accumulating liquidity at this point and its getting ready to remove everyone from the market. 2. Because of this channel - Everyone and their dog is selling from the top of it causing the overall sentiment for AJ to be bearish. Its 69% bearish at this point, so it makes so much more sense for the market to target all of these sellers first. If it still wants to drop after that and continue bearish it can - but it's definitely not going anywhere bearish until it raids liquidity and manipulates price. 3. The Daily and weekly - Like i said before look - like a perfect 'Head and shoulders' - which means its luring all the new pattern traders in and accumulating them over time. Again - If you were ever taught that a H&S means only reversals and sells, I suggest you get a lobotomy and forget that info ASAP as they are one of the biggest liquidity traps in the market. Well, if you know how to trade them, they aren't. But because of the way they are taught - they end up blowing everyone's accounts. Including mine for my first year of trading. 🙃 These are just my personal biases, and I am aware that price can do many more things - But this is the only thing that i am looking for in terms of me entering. If it does something different i will adjust my perspective and my analysis accordingly. If you are bearish or have a completely different perspective to me and your charts look totally different, do not second guess yourself because I could be the one that is wrong, and price may play out the way you want. Be confident in your analysis and your skill and don't second guess yourself. It took me 3 years to be able to finally come on here and share my ideas because I was so easily influenced, and I would always look at other people's charts and think i was the one who was wrong and i would think i wasn't good enough to be a trader - Only to enter the other persons trade and copy their analysis and it would hit SL and price would go the way I had originally drawn out!! So just always trust in your analysis and be confident in yourself always and that is honestly a large part of this journey.
Long
by Pmilanoxx_
2
GJ - 1 Hr Projection and AnalysisI am leaning towards more of a bullish projection but I'm not sure yet it's too early to tell and I do not trade on Mondays. It looks so indecisive at the moment, so I need to wait for price to break out and show me what it wants to do. Don't forget we are stuck in choppy and unclear behavior at the moment, especially on the higher Tfs, so I am not looking to force any trades. I need clear and concise price action and behavior before i even think about putting my capital at risk. For me to take a trade i have pointed out what I would like price to do as that would give me the best position possible for buys. If it does not retrace back to my Point of interest i will not be trading it this week or at all until it gives me something significant to work off. I honestly just used to force trades for the sake of it and I also felt like if I wasn't actively taking trades, it meant I wasn't that i wasn't 'working' - but boy was I proven wrong. You should never over-trade or force trades if you are not 110% convinced it has a high probability or working out according to your strategy or trading plan because 9 times out of 10, it will hit your stop loss or blow your account. So just remember if your pair/s are not giving you enough confirmations or are abiding by your trading plan/strategy - do not trade them because you WILL lose your money. Your trading plan is there to protect and guide you. Once again - this is just what I would personally like from GJ this week and if it doesn't give me what I want I will trade AJ or not trade at all until i am satisfied with the market conditions for either or each pair :)
Long
by Pmilanoxx_
GJ - WEEKLY PROJECTIONSimilar to my previous post on the Monthly. These are my HTF projections So obviously, there's not much detail on them but I am a swing trader and I like to project from the monthly downwards as there is a lot that is missed if you don't analyze from the monthly down in my opinion. I have deleted the monthly fib because it clutters my chart but keeping this in mind you can see its reacted at the monthly fib and now, we are currently sitting at the weekly/daily fib to go bullish. Also - If anyone has ever told you that a 'head and shoulders pattern' is great for determining reversals, make sure you go get a lobotomy and forget it ASAP because they are one of the biggest Liquidity Raids/Price Manipulation setups you will ever find and rarely ever play out like your courses tell you. Just like AJ - It looks too pretty and too perfect to continue as a 'Head and shoulders' into a downtrend. I would be very surprised if it did, and the only way I could ever see it doing that is if it has a massive liquidity raid and manipulates everyone out of the market before reversing and becoming bearish. But - I never say never because anything is possible, and you have to always keep an open mind otherwise you will never make money in these markets. At the moment - its looking like GJ is accumulating sellers because most sellers are taught to sell when they see a 'Head and shoulders'. I'm thinking it will temporarily trend bearish into the lower fib to remove liquidity first before it reverses to continue bullish after removing all buyers. Don't forget that the weekly/monthly Fib has not been touched yet so I'm waiting for price to trend bullish to fulfill it. From there we have a few options but i will assess and adjust as the week goes on. It may trend bullish, hit the Fib and retrace to remove more liquidity and then either tank or continue bullish removing all sellers and also fill that imbalance to the left. Thats what i would like to see but it's way too early to tell. :)
Long
by Pmilanoxx_
GJ - DAILY PROJECTION + ANALYSISFor me to enter i would need GJ to come down and hit the current fib and 158.500 or 157.500 to buy it up. At 164.500 I'll need to assess what price wants to do to there because it can drop from there or it can retrace temporarily and fake everyone into selling at that fib only to continue bullish and raid everyone's stop losses. (I would if I was a bank) This is probably my 1st choice of outcome as it just screams pure evil and hedge funds. Now as you can see - there are 2 bullish options and they both just depend on the depth of the retracement at the fib. Basically, it depends on how pissed off the banks are on a Monday morning (today). If they feel like running everyone out of the market, they will flood the market and cause that deep retracement at about 156.500 or 157.500 or lower and THEN continue bullish. Or they will only cause a shallow liquidity raid and let some of us live at roughly 162.500 or slightly lower and then continue bullish. Remember - whatever I say here is not verbatim. ANYTHING and everything can happen. I am always re assessing and readjusting my analysis's - as some of my projections will change mid-week and I'll then have a new projection depending on how price plays out and also depending on this week's news as there's a lot. (I don't trade news) I will say this again and again - you MUST adapt to the market. Just because your projection at the beginning of the week says one thing it doesn't mean you need to stick to it just to prove to everyone on trading view and on your Instagram that you are 'right'. You will end up losing all your money and end up deleting your insta and blocking everyone. During the week, if your analysis plays out differently to your Sunday projection so be it! Who cares if your wrong? Change it and adapt to the market conditions and be confident. That is the difference between professional and amateur traders. There is no shame in being wrong in your analysis. What's wrong is being stubborn and wanting to always be right just to prove a point. The market doesn't give a f*ck if you are right or wrong it will just eliminate you with everyone else. The traders who adapt and evolve with the market conditions are the ones that make it and thrive. The sooner you can do that, the sooner you will make money consistently. :)
by Pmilanoxx_
GBPJPY WEEKLY UPDATE Hi trader The GBPJPY is still moving within the consolidation area between the lowers 155.350 and the high 162.222. The market ended the weekend with a high of 161.802 and a low of 159.587. Therefore, if this price goes up next week, it could break the consolidation and close at 163. My trading strategy isn't intended to be used as a signal service. It's a process of gaining knowledge of market structure and improving my trading abilities. Like and subscribe and happy trading to all
Long
by mytw0cents