Quarterstheory
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.
Gartley and Shark completionAs we look at the pink harmonic we can see that it has met the the first TP at .382, and has been making consecutive lows (minus NFP data). Highlighted by the orange markers are our TP1 & TP2.
WE also see highlighted in pink we have a bullish butterfly pattern that the first TP on it being .382 was met and not only does the .618 look like the next resistance , as well there is a pervious high that has a line from the top if you look left ,that line, aligns up perfectly to the .618 level on the butterfly.
After that^ ... We hopefully will see a completion of Bullish hartley (highlighted in gray). Its B point met perfectly with the .618 and may make its D point at the TP2: of the bullish butterfly i mentioned earlier. STAY Tuned.
EUR/USD short medium swingWatching the euro for a short position based on mostly technical's, and the general fundamentals of the dollar right now. Looking for a reversal at the 61.8 level i have marked in conjunction with a reactive trend line. If price reacts properly i'm looking for price to move down to the monthly support of 1.22000 for about 90 pips. Time will tell and patients will pay:)
I'm going to be posting everyone of my trade ideas on here so be sure to follow my page! thank you.
USD/JPY short long term swingI'm going to be watching usd/jpy like a hawk for the next few weeks. Many fundamentals are going to need to be considered at this time along with our technical analysis. There is a potential to see a strong yen leading into possible regulations on artificial weakening of Asian currencies. This plays in with the key levels we have been watching. We saw a push to 107.500 key level on NFP day leading to a nice rejection. Long term we are looking to see price break 105.500 key monthly support, this would most likely lead to a drop to around the 101.100 area for about 400 pips. But time will tell and patients will pay:)
GBPJPY medium swing short idea Price is currently sitting near monthly round number level. I'm expecting push up to the 50% retracement area along with triple top formation for extra confirmation for short entry then continuation to next 250 pip quarter level. This is in conjunction with my prediction that japan might receive tariff exemptions from the U.S. thus strengthening the Yen.
I Spy with My Eyes... Bearish S&PTraders!
This is my first Public SPY Update and we are going to be discussing some of the fundamentals and technicals influencing the market at this time.
For those of you who do not know... this is an ETF that tracks the S&P 500 and I am bearish on this market at this point
Lower Structure Zone at 225 (ceiling) / 210 (floor)
Key Bull Level = 270
Key Bear Level = 245
Important Dates to Consider
November 8 2016 = US Presidental Election Day with Price Gapping Up to lead the Bullish Run
January 20 2017 Trump Inaugurated while price was sitting at the 225 Quarter Level
January 20 2018 One year Aniversary Structure + "Last Leg Up" & Divergence coming into alignment
*** February 1 to 9 Candlestick Formations ***
Jerome Powell new US Federal Reserve Chair Feb 2018
March 17 2018 New Moon
April 15 2018 ** New Moon (270)
Timeframe Scanning Significance Indications
Weekly 200 EMA is at 221 and there is high volatility and bearish momentum (strength) within the candlesticks
Daily 200 EMA is at 259 and the candlestick formation when Jerome Powell was brought into office looks (almost) identical to the weekly "last leg" candle
H4 200 EMA (lagging indicator) at the time of this publication nearly coincides with yellow eclipse
H1 Clear Divergence in the 200 EMA and candle formations with several instances of price gapping down followed by a LOT of bearish momentum (strong, full candlesticks)
Trading can contain substantial risk and is not suited for every investor. An investor could potentially lose all or more than their initial investment. "Risk capital" - is money that can be lost without jeopardizing ones financial security or life style. Only "risk capital" should be used for trading and only those with sufficient risk capital should consider trading. I am not a licensed financial advisor nor does I give out financial advice. You assume full risk and responsibility for your trading activity. Past performance is not indicative of future results. Individual results will vary due to a variety of market and timing conditions.
EUMarket closed at a multi-year high last week as the bullish sentiment in the euro continues and dollar weakness persists. Price completed a bearish butterfly harmonic at the 1.2250 quarter point and I expect a slight retracement to the broken resistance to establish newfound support for another bullish impulse to the 1.25 quarter point.
EURUSDTHE STRUCTURE IS STILL TECHNICALLY BULLISH BUT THE PREVIOUS IMPULSE UP WASN'T VERY STRONG. BUILDING PERMITS TMRW AND THE FOMC STATEMENT ON WEDNESDAY SHOULD DECIDE IF EUR TAKES ANOTHER BULLISH IMPULSE OR IF USD IS READY FOR A REVERSAL. FOR NOW PRICE IS CONSOLIDATING, FINDING STRONG RESISTANCE @ THE 1.20 QUARTER POINT.
Bullish GartleyBullish Gartley on the Daily TF
Bullish Engulfing Reversal Pattern
Moving averages crossed on Daily TF
As long as we get a break above close above candle of the 1.65 level
we should see a shift in momentum for the next coming days
Target @ 1.675 Level
Lower TF confluence:
Looking for a retest of the neckline for the IHS for more entries
GBPUSD To PLUMMET Potential 1000 Pips Hello Traders, I would like to bring to your attention a very important trade. I have noticed that GBPUSD has failed the 1.3000 level twice, never passing the whole number (Major Quarter Point). This is a classic Quarters Theory trade, which states price will make two attempts to pass a whole number, before reversing to AT LEAST the previous Large Quarter Point which can be found at 1.27500, which would be +250 pips. When price cannot surpass a 1000 pip range (1.2000-1.3000) it will remain within it's current range, with a high probability of it falling within previous Large Quarters.
I have suspicions that we will see a push to 1.29750 soon, which is where I will be adding the bulk of my trades onto. Remember, as long as it does not break the hesitation zone of 1.30750 the trade will still be valid. Should it push 125 pips above 1.3000 it will be considered a completed quarter, and we would then see prices rise from there.
We will monitor price action to see if it further decreases below Take Profit 1 and heads towards our other take profit levels. If it does, then I encourage you to pyramid this trade, adding on additional trades as you begin to monitor it by the week. The payoff will be great, and you will be less attached to watching charts.
As always, limit your risk - this trade offers a potential 5:1 reward.
Best,
ForexNick