GBPJPY Possible ScenariosLooking at GJ as an intraday trader on the 1hr chart, there are two main scenarios I am looking for before making an entry (using technical analysis --> with trend lines, support and resistance (specifically quarter points), pullbacks & major price reversal zones)
1) BULLISH SCENARIO
- If price breaks ABOVE the resistance point of 139, I will wait for the PULLBACK and RETEST of 139 and for a proper test of this price as a support level now.
- It will then have to continue trending up, having properly respected 139 as a new found support zone and to then continue the longer time frame trend.
- A possible buy entry here at around 139 or 139.05 can then see a TP up as 139.30 and a SL at maybe 138.85
2) BEARISH SCENARIO
- If price retests up towards the resistance point of 139, but CANNOT break this level as a ceiling, I will be looking for a proper bounce down again and for price to fully respect 139 as a resistance level.
- It will then have to continue with the downtrend, to show that the trend has properly pulled back and continued onwards (with 139 now as a price reversal zone)
- A possible sell entry here at around 139 or 138.95 can then see a TP down at 138.7 and a SL up at maybe 139.15
Quarterstheory
Another Bearish Week for Bitcoin... (BTC)Hi Trading Team! I'm glad to share todays update analysis on Bitcoin with you. We're going to focus on the H4 time frame because it really allows us to see how much consolidation occured prior to this most recent bearish shift happening. Now that we have started the momentum shift and effectively broken out of the bear flag, it seems more likely now to expect price to move towards the 2018 yearly low and aim to create a new lower-low which would continue the bearish-macro trend we've been experiencing after the All-Time-High was created.
We can observe this bearish trend by utilizing a daily chart and recognizing the Lower Highs and Lower Lows that have been setting in.
We can also clearly see the bear flag on H4/H1 time frames - and we must realize we are in the midst of a lunar cycle which will be at it's Full Moon on January 21, 2019.
Volume looks as if it is picking up and I am looking for a continued move down below the 3500 half quarter level. We may expect price to find support and briefly bounce if/when we arrive there... however this would be shortlived because the technicals as of right now are pointing for lower prices.
We will be keeping an eye on this and diving deeper as the upcoming week begins because I am expecting that we will see the selling continue!
Let's Empower Others, Enrich Our Lives and Educate on the Art of Trading... Until The Next One Stay Safe Out There.
These markets are volatile!
***This information is not a recommendation to buy or sell. It is to for educational purposes only.***
Freaky Friday Bitcoin Consolidation..!?This is an update on Thursday January 10th's BTCUSD analysis
Price is currently consolidating (accumulating interest & orders) underneath the 3750 quarter level. Remember, after a large move its typically expected the market will take some time to breathe!
Intraday data is showing lower highs, still expecting a possible "pop" in price to break the new structure highs (3800) to capture liquidity before bringing price down.
The speculated price action arrows have been moved slightly to reflect the levels I feel are likely that we will see a reaction but the movement we are looking for remains the same...
The possibility for new lows of the year are still on the table as of today
XRPUSD New Yearly Lows?Ripple has broken out of the wedge we analyzed on Tuesdays Technical Analysis livestream by capturing liquidity at the 0.4 major quarter and then aggressively shifting down below 0.35
As of right now, we are on track to continue moving down towards 0.325 (the next quarter level) based on the price action and how the intraday candles are looking.
We can expect the possibility of seeing a test of the yearly lows prior to any further significant bullish movement.
Of course these trades DO take time to play out!
Always remember team... there is opportunity to trade the intraday movements but if you are looking at the bigger picture - be CAREFUL with any margin trades that are buying right now because there is no clear indication price will go up.
Investors also be mindful that you may have the ability to purchase at better prices than where we are right now by simply being patient
BTCUSD New Yearly Lows?Bitcoin has shifted aggressively away from the recent highs and has successfully traded to the 3750 quarter level.
I would anticipate we see BTCUSD continue to drop towards the 3600-3640 area to consolidate (build structure) and then pull back to the 3800 area prior to making it's next move to the yearly lows near 3200.
This is a continued analysis from past ideas shared on this particular asset.
Trading/Investing involves risk.
BTCUSD 2018 SpeculationMy Bitcoin Price Target for EOY 2018 = 4750
Lots of retail traders BOUGHT when price was consolidating at the 6,000 area at the key and obvious level of "support"
Once price broke down and people started to see -10%... -20%... -40%+ losses on their portfolio, now we have reached an area where so many retail traders are in the mindset of "I have LOST this much dollar value on my position... I need to close out of it because:
a) We are going into a new tax year
b) Christmas/Holiday is coming up --> need cash flow
c) Retail psychology being exploited... buy high, sell low and take losses
It would make sense to see everyone who has been getting out of the market now at these lower prices be taken advantage of since there are large amounts of liquidity available for professionals and institutions to now take short term positions.
I still believe we will eventually see bitcoin dip down to the structure near 2750, but in the SHORT TERM my money is on seeing Bitcoin go higher towards 4750 as we head into the new year.
Trading involves risk, im not a financial advisor and anything that you do with your money is at your OWN risk / discretion.
Practice risk management, demo trade until you're confident and here's to your success in trading my friends.
POSSIBLE H4 BULLISH HARMONIC FORMING ON EURCADExpecting plausibly strong support at current price but with price breaching thereafter to D and then proceeding back into a strong buy to wards current price. Trapped volume exists at A thus C came shy of that peak. X also has trapped volume evidenced by h4 rail road tracks at critical level. expecting safety trades and away from peak continuation signature trades to point D short. then into strong buy. H4 patterns take relatively long to complete.
Great opportunit forming on GBP/CADWe can expect a good down move inside this channel that were placed since April.
This analisys was made with the fundamentals of Elliot Wave and Quarters Theory Trend Waves.
The price is on top of the channel, we can have a great R/R ratio if this trade confirms.
The wave 4 (or Correction 2) is right on the Wave 1 area, so we can put our Stop Loss conservative, and our Take Profit very optimist.
The Wave 4 (or Correction 2) reached the 61,8% fibbo, good point for a trend continuation.
Just look at this chart, and take your own views about it. This is just my personal View, if you see something different, do not trade like me, and be confortable to share with us your ideias.
EUR/JPY TREND WAVE COUNT, Based on Quarters TheoryHello Folks. There's another analisys, using the same parameters the previous ones.
Analisys made using Quarters Theory Trend Wave psycology, Elliot Waves and the Quarters Theory points.
During the Summertime Blues, we saw a lot of Chopness in the market. now, early September, the maket will start to trend again, and no more do this kinda weird moviments.
We can expect a real Reversal Trigger Wave, towards the 133.25 price point, and then, look for a correction formation, and then, start the trend again
Trade Big, Risk small, Huge profit.
This is my personal view only, trade at your own risky.
EUR / JPY TREND WAVE COUNT, Based on Quarters Theory Trend WaveHello again, there's another analisys of my wave count on the EUR/JPY.
This wave count is made with the Quarter Theory Trend Wave psycology.
As you all can see in my chart, we've got a lot of chopness on the market during the Summertime Blues, but now in September the market is going to start the real cycle.
The market formed various false reversal and corrections.
We can expect a good move toward the 133.25 price point, wait for some correction, and start the strong trend again.
Trade big, risk small, huge reward.
This is my personal view only, trade at your own risk.
GBPUSD Setups 08/12 - 08/17 OutlookPrice Synopsis
GBPUSD has been in a downtrend since august 17th after confirming the double top with several bearish moves.
The entirety of the first wave down consisted of FIVE consecutive red days, with one day of "relief" followed by another five days of bearish activity. After the double top / "M" pattern was confirmed, over this 11 day window price had dropped approx. 800 pips.
There are notable gaps on the daily chart and market structure is indicating we could be approaching a reversal area now after a continued movement down for the past 7 days. It would be logical to see an upside move/wick on this upcoming weekly bar at least 50 pips above the open price
Week of 08/12 - 08/17 Trade Idea
Looking for buy entries to be confirmed between 1.272 and 1.269
Intended stop loss will be a maximum of 35 pips once an entry price has been decided on during SUN/MON price action
Minimum of 3:1 Reward to Risk with expected Target Levels at 1.28250 / 1.29 / 1.3 depending on candlestick development but must remain open minded to a possible sell scenario if price indicates the probabilities of a continued move lower towards 1.26 or the half quarter level at 1.25
Some Fundamentals
We know that the BREXIT referendum occurred in June 2016 and the plans for Britain to leave the European Union are expected to be final in March of 2019 however... several sources are indicating rising fear and uncertainty .
Upcoming dates to be mindful of include the 18th of October and the 13th of December 2018 EU Summit as the agenda will cover negotiations for trade deals, how the transition to independence will work, etc. On March 29 2019 Brexit is scheduled to happen and the suggested transition period to allow consumers and businesses to adapt is supposed to last until December 31 2020
I am not (yet) a licensed financial adviser and this analysis does not constitute as financial advice . This is for educational purposes and you accept sole responsibility of any and all trades you take... investing with real money involves risk!
BTCUSD ShortsThis week has been incredibly volatile for Cryptocurrency and has continued to be BEARISH overall.
The possibility of seeing XRPUSD hit 30 cents was completed today
The possibility of seeing ETHUSD hit 300 is nearly there
When you look at the strength and momentum of downside movement on those two assets, you can clearly see they are moving differently than BTC is right now... but this could be a clue to anticipate further taking profit and another push down to make the low of 2018 on this asset as well.
There is a high selling pressure and while we await approvals on things such as ETFs and further guidance on how the markets will be regulated, it would be no surprise to see Bitcoin breach the next quarters zone and trade below 5750 by August 13.
If we see price pull back and move towards 6250 - 6400 watch for price action to CONFIRM the anticipated sell and give us a better than anticipated entry... the way the 08-10 20:00 candlestick on the H4 moved though leads me to believe a move ABOVE 6400 at this point in time would be unlikely
Price action on the small timeframes (M15) show a wedge forming with multiple wicks indicating price could potentially pop upwards before it drops (as a result of people getting liquidated on their sells and having to buy back in because they were stopped out of trades causing temporary relief) however it is definitely possible to expect during the Asian/London markets more movement lower.
Trading involves risk and I am not a financial adviser. You are responsible for any actions you take in the market :)
BTCUSD Price Action UpdateWith Bitcoin current trading below the half quarter of 7500 and with the amount of supply / wicks on the candles we can see... it leads me to believe we may start the new weekly candlestick of July 23 with a BEARISH movement. As of right now, I am targeting 7200-7100 and will be anticipating shorts on ETHUSD and XRPUSD as well. The profit taking could occur across the board in the Cryptocurrency market to start off the week as we do also have a FULL MOON on July 27!
High likelyhood to see this pullback occur and then we could get the setup that brings price over 8000 before the August 10 Bitcoin ETF decision that the SEC will be making. Trading of course involves risk if you are participating with real money and because I am not a financial adviser please hold yourself accountable for any action you take!
There are many factors that I could list detailing WHY I am looking for this movement to happen and they will be discussed on live stream this week :)
EURJPY Short IdeaSelling EURJPY at 131.9
Stop loss 132.2 (just below the quarter level)
Target 1 = 131.3
Target 2 = 130.9
Target 3 = 130.6
Anticipating "Midweek Reversal" Setup with the divergence/double top occurring as well as the psychological effect of getting a bearish engulfing candlestick pattern at the 132 level while we are in an obvious uptrend
Trading with real money involves risk.
I am not a licensed financial adviser, nor is this analysis investment advice. Hold yourself accountable
AUDUSD Short IdeaHigh likelihood AUDUSD will continue trading lower to retest/surpass the structure at 73200
Anticipating a test of the 72500 quarter level considering the upcoming economic event on Wednesday (Unemployment Change & Employment Rate) and considering the existing bearish momentum on the larger picture
Heavily bearish week expected to break the low of last week
Big bearish daily candle & overall trend direction since 2018 started
H4 showing no signs of reversal as of right now
Asian / London Markets may present opportunity for a confirmed sell position around 0.74
Stop loss above 0.743 (no more than 30 pips depending on your entry)
Target 1 = 61.8 Structure at 0.732
Target 2 = 0.726
Trading with real money involves risk.
I am not a financial adviser nor is this financial advice.
Hold yourself accountable!
ETHUSD Short OpportunityEntry 537.72
SL 555.72
Target 1 = 500.72
Target 2 = 472.72
Trading Involves Risk, I am not a financial advisor nor do I give financial advice.
This technical analysis considers quarter level theory, supply and demand, fibonacci, the trend, fundamentals, backtesting, daily volume/volatility and timing.
I am Fearless and I take Risks ;)
I am always learning and I am grateful for the markets.
I love trading!
waiting for confluenceso to begin with we have a engulfing pattern on the monthly to give us a bullish bias BUT WE DO HAVE MOVING AVERAGES SAY WERE BEARISH, we have a weekly bullish bias but we do have broken structure on the 4h and 1h for a bearish bias, i do have my red key support and resistance and i do also have quarters theory and a Fibonacci on my 4h so were going to have to wait and see what plays out if i do get my divergence on my 61.8 on the 1h i will take the buy. if we continue in the uptrend that were currently in on then i will wait for a retest around the price of quarter 1.29250 which is also on our key Fibonacci 38.2 which will be in confluence with our monthly daily and weekly buy. we can hold up to previous quarter 1.3000 if we get our awaiting confluence.
ETHUSD Short Opportunity June 3 2018Ethereum Bearish Scenario
Supply and Demand imbalance caused by a NEW Monthly Candlestick, upcoming G7 Summit on June 8 where Cryptocurrency will be on the Agenda prior to the G20 gathering later this month...
Regulators plan to implement RULES in July and many investors are likely hesitant to open positions in Crypto until further guidance
Those still holding onto ETH/BTC could swing price and create a new low prior to the New Moon Wednesday June 13 and by the end of this hour I'd expect Momentum to bring price closer to 615
XAUUSD 2019 ProjectionBy Q1 of 2019 we could see gold trade as high as 1450!
Remember Technical Analysis is Personal Perspective and there are many fundamental factors that contribute to the Price Movement on Gold including, but definitely not limited to:
Manipulation
Fiat Currency
Large Investors (Switzerland, Russia, Independent Individuals etc) that have accumulated a long term position
Economic Events such as the news filled week ahead (Monday May 28 through Friday June 1 when the G7 Summit begins)
Official Price Target is much higher considering Historical Human sentiment and directional trading.