Trade Management
GBPUSD Trend line trading. If you’re steadily following my daily publish you’ll discover that, the market is steadily obeying some key levels. Studying the chart on a 1H time frame, I can see a feasible 30pips bull run from this current state. Tho, no strategy is 100% current but with my view, the market changed structure from the bearish movement to an invisible bull run. I used the word invisible mainly because the high of the previous week as not been broken and today’s daily candle closed at indecision. I hope today’s market will share much light on the exact direction of the market. But for now, trade safely or wait till tomorrow’s London or New York session.
BTC retracing the bearish moveGood Morning traders!
Price has again lined up with the forecast I outlined yesterday. I do not claim to be right all the time however recent PA has been reasonably predictable which has been a great thing, I hope you are learning!
Looking towards today we have a VERY obvious area for potential mitigation, these bearish orders have never been protected, as always price will be attracted to the orders either for protection OR for liquidity.
We can also say at this stage the Bearish head and shoulders pattern is at the very least looking to form a second shoulder but more likely failed.
I hope you managed to pick up some bargains, but be aware we can still sell off in the coming days.
As always trade safe.
EnvisionEJ
BTC and ETH resting at the turning pointGood Morning traders!
Overnight markets have had a substantial recovery on the back of news the Evergrande will begin repaying the interest on at least one part of its loans.
We are not out of the woods by any means. Price is resting right on the neckline retrace EXACTLY where I predicted we would find resistance.
While I did say I would be looking for buying opportunities in the areas yesterday I still believe we can head lower from here.
All orders would be at break even this point if they are short term, OR I would be prepared to hold through a deeper pullback.
All eyes will be on China for the coming week, if the news is good, expect a huge pump!
As always trade safe,
EnvisionEJ
BTC-Building orders before the next moveGood Morning traders!
Today we will have a quick look at the BTC chart. Everything is based off of the BTC PA. Alts may move for a short while breaking the coloration to BTC, but they always revert to the mean-following BTC.
BTC continues to build orders much like ETH, I can see a deep pullback on the cards into the green area before the bullish run continues.
Retail traders will stack stops in obvious places and whales and institutions will see this, this provides an area for this market movers to target.
As always trade safe.
EnvisionEJ
Will the bullish run will continue on ETH?Good Morning traders!
Sorry I have been absent for a couple of days I have been unwell (not Corona)
Right after my last forecast the entire crypto market had a decent pullback.
While I was calling a move higher its not unexpected and price returned to spot that makes sense.
Make no mistake this bearish selloff was market manipulation, the big players in the world DO NOT want El Salvador's idea to succeed or spread, it poses a danger to their ethos.
Looking at the technical picture the market does what it always does-it returned to test prior orders and protect them.
The 3 current scenarios are a continued move higher to test the yellow mark before falling away again.
An even deeper pullback to sweep the yellow circle before continuing higher.
Or straight push through the highs.
Look for where retail traders would stack stops THIS IS WHERE PRICE TARGETS!!
As always trade safe,
EnvisionEJ
ETH targeting ATH this weekGood morning traders!
Welcome to a new week!
As I spoke about last week, ETH will target its ATH this week, is has roughly 11% to go before reaching this level.
You can see on the chart all the stacked short orders I was speaking about, and just as spoken about in the earlier forecasts the whales ate these orders up causing a strong rally.
I'm very interested in how price reacts once we reach the ATH, My best guess it a BIG push through/blow off before a decent pullback.
As always trade safe
EnvisionEJ
Large EU bullish do we continue?Good morning traders!
Yesterday was a great trading day, with many members in the community banking great % from the trades that were on offer!
Shifting focus to the session today we are in a clear buying range, a sweep of the lows into discount would offer an excellent place to enter long.
Alternatively a nice 5minute selling range would offer us the chance to enter short and "fill" the range yesterday before a long.
As always trade safe
EnvisionEJ.
ETH finally popped!Short and sweet,
The stacked orders have finally been popped, I said it 3 times this week, the longer that we wait for the orders to be stacked the more impulsive the move would be.
Whales ate up the short stops and liquidity causing a rally.
If you know the they the market moves spotting things like this is easy, don't think like a retail trader if you don't want to be a retail traders.
As always trade safe,
EnvisionEJ
Another great session!Good afternoon traders,
Sorry for not posting today I have been a touch busy!
Lucky for me, I haven't missed on the markets bagging some great % and $ like the other members of our community.
We should be back to regular viewing tomorrow.
In the mean time...
Trade safe as always.
EnvisionEJ
EU bullish through the Asian SessionGood Morning traders!
Yesterday was a slightly choppier trading day, with a UK bank holiday. However things picked up later in the day once NY opened.
Looking at todays PA was have had great bullish momentum in the Asian session.
We are in both a 15min and 1hr buying range. However orders haven't been protected for this momentum to continue. A deeper pullback to the Asian lows and into the discount section of the buying ranges would offer and excellent place to get long with great RR before the high.
I have also marked a range above, this was never mitigated and should we push through the high would offer a logical spot to enter shot/TP
As always trade safe
EnvisionEJ
ETH stacked orders are food for whales!Good morning traders!
Yesterday was a choppy day for me in the FX markets and ETH continues to develop.
I have zoomed in the PA to give you a better look. The yellow markers are highs and lows stacked together.
To the average retail investor these show where price has turned and therefore and good spot to place a stoploss.
However to the big whales they see liquidity, plain and simple, places to fill orders either selling or buying.
The longer the orders stack the bigger the move will be....
As Always trade safe
EnvisionEJ
A fresh week and fresh PAGood morning traders!
Hope your weekend was good and your weekend reviews gave you insight into your trading last week.
Looking at todays PA I still think we need to wait for further development.
The large bullish move Friday left lots of imbalance behind and many unprotected orders.
On the Daily TF we have now broken the downtrend and have moved to a daily buy range, this signifies a return to bullish momentum in the market.
I will be waiting for further development before entering any trades.
As always Trade safe
EnvisionEJ.
Could the bearish daily trend be about to continue?Good morning traders!
I trust your week has been good thus far, yesterday offered some great trades with members of our team getting involved.
EURUSD is still in a daily selling range and we have now had a mitigation of the daily range marked up a for few forecasts ago.
Looking at the lower TF we are in a 1hr sell range and 4hr buying range.
Price is currently in the discount of the 4hr buying range. A sweep of the Asian lows and mitigation of the edge money range would offer a great spot for a long, alternatively a move back to the highs and a selloff would offer great selling opportunities.
Whatever does happen I will remain Neutral and trade the market in the moment.
As always, trade safe EnvisionEJ
BTC Decelerating into an unmitigated area.Good morning traders!
The BTC forecast remains the same as yesterday-are we reaching the top of the current run up?
Currently the signs are pointing to yes, we are decelerating into the back edge of the daily sell range.
Do I expect a deep pullback-define deep? A pullback to the area marked with the yellow circle would mark be a pullback to discount on the weekly along with a retest of a strong range which was never mitigated.
I do expect bullish momentum to continue after a pullback, again pushing for ATH.
As always trade safe.
EnvisionEJ