GBPUSD - for the month of AUGUSTGet Ready for pound to take a shit throughout AUGUST...
The Launch happened today........
The sentiment is mixed, but the commercials are loading up according to latest COT report,
Also if you have a look at Seasonality AUGUST historically is the worst month for anything against the dollar...
Seasonality-trading
Ethereum -> Now Breaking The $2000 LevelHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Ethereum 💪
If we are looking at the macro view on the monthly timeframe you can see that Ethereum perfectly retested the 0.768 fibonacci level in confluence with the previous cycle high so there is a chance that from here we will start the next crypto bullrun.
Looking at the weekly timeframe you can see that Ethrereum is slowly channeling higher and in confluence with the bullish moving averages I simply do expect more bullish pressure.
Exactly 3 days ago Ethereum perfectly broke daily resistance towards the upside which is now of course turned support so with the current retest of the $1940 level we could see another rejection higher.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint 📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
$WTER [2h] Dry summer we all need good water!NASDAQ:WTER graph turn on green, recently signed many distributorship agreement with national market chain etc. and good time (summer for water) also can expect good revenue, let see...
Invest smartly, timely and wisely!
NZDJPY to 0.89 - or overextended?Hey Traders! 👋
For Day 34/100 of our challenge, we will look at a data-backed NZDJPY long idea
Technicals:
- Overall bullish
- Made a high at 88.50
- Expecting retracement to 87.60
- Target at 89
- If 86.80 is breached, idea is invalid
Other data:
⬆️ Seasonality is still bullish expecting 90 level
⬆️ Pattern scan is also bullish expecting 90 before deeper retracement
⬆️ Supertrend is also bullish
⬆️ Retail traders have extreme short positions which we would want to go against
🤔 What's your take?
Like and follow for daily high-quality trade ideas!
LONG run in Adidas📈I've placed a limit buy in this market because:
the long-term descending trendline was been broken
we have a bullish seasonality for Adidas
the price has broken above the 30's SMA
the price has broken above the prior swing high
the price has formed now a sequence of higher highs and higher lows (= bullish trend)
My 2 cents on eBay It's technically a quite bullish chart. The price has established an higher low, has broken above the 30's SMA and has broken the descending trendline, re-tested it and now it seems like we're in the game. ;)
Furthermore there is a bullish seasonality playing out ATM. So I put on my horns in this case ...
SPY - short squeeze - or more down?Bear Market trend on SPY looking to continue, but could we get another short squeeze similar to the set up leading to the brief Sept squeeze in 2022?
Based upon regression trend analysis and general market strength or lack there of, I don't think we see much of a squeeze for SPY here...will be adding to short positions on these modest price increases that appear to be more related to limited stock buy backs and some year end tape painting. More down on deck IMO.
In terms of seasonality - January 2022 was weak and I expect pretty much the same in 2023 - or worse. Will reassess if we gat a SPY close above 387. NFA.
Crude Oil Cycle Analysis 12-16-22 This is a crude oil series I'm doing as of late.
In this video, I go over the Weekly & Daily cycles, look at the Elliott wave count, and some statistics for the month of December.
I'm looking at how this week is going to close, positive or negative.
Let me know your thoughts on what you see playing out in November for crude oil.
Crude Oil Cycle Analysis 12-12-22This is a crude oil series I'm doing as of late.
In this video, I go over the daily cycles, Elliott wave, and some statistics for the month of November.
I will start my December analysis to see if there is any edge to it.
Let me know your thoughts on what you see playing out in November for crude oil.
GBPCHF TO 1.180+ IN DEC- RSA W1: GBP strong, CHF weakening
- COT: GBP buying longs AND selling shorts, CHF only selling shorts
- LVL: PMH & PWH at 1.1540, CQH at 1.1570, levels approached but not yet purged
- PP: MPP predicts MR2 = 1.1810
- TA: Price makes HH > HL since mid NOV
- PTRN: W + 1st push completed
- VOL: Volume preceeds price on H4, Price above QVWAP but BELOW MVWAP & WVWAP
- SEASONAL WARNING: GBP sideways in DEC, CHF bullish in DEC
SEASONALLY NZD STRONGEST MAJOR vs USD in DEC- Seasonally spoken NZD is supposed to be the strongest amongst the Majors
- USD is supposed to weak in DEC
- Seems like Institutions bought below 0.5750
- Looking for an offset 1000 pips higher above 0.6750
- 0.6250 = Previous Year Middle = Imbalance = GAP = Support
- Volume preceeds price on the Daily
- COT shows Asset Managers accumulationg longs and distributing short since NOV
COT VISUAL: images2.imgbox.com