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Volitility

LINKETH Mark UpSince I track LINKBTC I figured it'll be a good idea to look into ETH due to it having more volume. I did a top-down analysis but only to the H4 chart. Let's look into this Crypto pair, track it and potentially make some successful moves from it. Although I do believe the bears are going to enter the market either this week or the following, I am overall bullish. It's important to build Confluence when considering to execute a trade so what I look for when compiling information is at the very least, three (3) or more signs as to why I should take a position. Let's begin! Bias: Bullish Confluence (at least 3): 1. Order Block at high end of the curve was breached. Precursor. 2. Strong bullish uptrend on multiple TFs. 3. Huge Order Block formed right above PPZ (0.01233874). 4. Counter TL was broken by price to head further up. 5. Hidden Divergence from Weekly's RSI is signaling for a bullish continuation. Like I stated up above, the bears are likely to enter before Price Action hit higher levels. Even though that zone was breached it can still tumble down, and that would be great if it did due to that nice profit margin that's waiting below. We shall see.
by ChrisJTradesFX
AUDJPY UpdateI'm marking up the Australian Dollar/Japanese Yen from a smaller perspective for intraday opportunities for this trading week. Bias - Bullish All of what you're witnessing is transpiring within a HTF Order Block. When dealing with a huge liquidity pool you must go in knowing that price will more than likely be in the zone for a minute before actually heading out due to it's massive size. In those cases you must be patient while keeping track of Price Action, it will leave you clues. Let's start! Confluence (3 or more): 1. A Ledge ($63.747-$63.950) had formed before entering O.B. ($62.773-$63.654). 2. Price is in a bullish Order Block. 3. 2 Order Blocks formed within the HTF O.B. in bull's favor. I would look for long positions once price break & retest the Ledge's Distal @ $63.95 to Take Profit to $65.24. Once there's a B.A.R. of the $65.62 level I would look for more areas to execute longs, but other than that I'm not interested in any shorting for now. Things can always change though. We shall see *NOT FINANCIAL ADVICE*
by ChrisJTradesFX
1
Ripple Mark UpLet me start off by saying that Ripple looks like shit. Bias - Bearish I see some potential long opportunities in the future, but it's going to take some patience. Besides the bullish wedge, this price chart is extremely bearish to me. Let's begin! Confluence (3 or more): 1. Price is moving away from it's lowest point 2. Order Block (0.2425-0.3273) was breached. Precursor. 3. Multiple hits on diagonal resistance. Weakness. Long - I would wait for a clean B.A.R. of the $0.3273 level with Take Profit set for the PPZ (0.5100). Another location for a long opportunity I would be interested in is if Price Action does a B.A.R. of the $0.6243 level, but I'll have 2 Take Profits for that scenario. Let me know what areas you think they may be. Other than that I wouldn't be interested in Ripple until I see more Price Action play out for clues. We shall see. *NOT FINANCIAL ADVICE*
BITFINEX:XRPUSD
by ChrisJTradesFX
4
EURUSD Mark UpA trading buddy and myself decided to come together to tackle a few currencies, this is one of them. The Euro/US Dollar used to be on my radar until I swapped it out with a currency pair that's known for being more aggressive with it's movements. I do plan on adding it back into my watch list once I'm ready to take on more swing trading opportunities. Let's begin! Bias - Bearish In a situation like this, I would look to the US Dollar Index to add onto my confluence. I need to see a few things take place in order for me to feel confident to put my capital at risk and that's when I look for clues. If I don't see what I'm looking for OR I feel like I'm forcing myself to see something that isn't there is a clear indication to go eat a bowl of cereal while watching Impractical Jokers. Confluence (3 or more): 1. Strength in US Dollar (check my DXY analysis). 2. Weekly candle engulfed & closed pass an O.B. 3. Weekly candle closed passed a PPZ. 4. Continuation O.B. formed before engulfing opposing O.B. In a perfect scenario, the opening candle will gap within that continuation o.b. If that were to happen I would take a conservative approach by placing a stop at the PPZ (1.0846) for a Take Profit set at price's most recent swing low $1.0340. A retest of the old Distal (1.0820) would serve as a good entry too. If there's a B.A.R. of the $1.0340 level then I would take that as another entry to head towards the PPZ (0.97253). If Price Action happens to plow through the PPZ then I would look to go even lower towards that huge Order Block (0.8231 - 0.8840) for Take Profit. The O.B. was last hit March 1, '01 - April 1, '02 so orders were absorbed which means it's not as strong as an untouched O.B. Let's see how it plays out! *NOT FINANCIAL ADVISE*
by ChrisJTradesFX
1
LINKBTC Mark UpThis Chainlink crypto is in a unique spot at the moment. Bias - Bullish Price is currently hovering above multiple Order Blocks that are stacked within and on top of each other. This is a thing of patience, allowing certain things to take place before making a move to risk your capital. Price normally leave clues (ALWAYS look left), and the times you find yourself questioning what's transpiring is when you should take a gotdamn walk around your neighborhood with Sparky. To hell with "FOMO"!!! Confluence (3 or more): 1. Price entered bullish Order Block March 16, '20. 2. Price Action moved into Order Block in strong fashion. Profit Margin. 3. Price is printing HHs & HLs. Support. 4. Multiple Order Blocks are stacked in bull's favor. 5. Upper Order Block (0.000499.30 - 0.00052647) was breached. Precursor 6. Candle bodies are getting smaller. Compression. I wouldn't be surprised to see the bears push price further down before it actually start heading further up. If that happens then of course that diagonal support will be broken, but I would not look for any short opportunities in that area. Patience & steady hands is everything! We shall see.
by ChrisJTradesFX
USDTRY Mark UpThis is my 1st time analyzing the US Dollar/Turkish LIra, and I must say that the currency pair's Price Action is actually beautiful since it's inception. IMO. Bias - Bullish I believe we'll see the bears enter the market in this upcoming trading week. However, I also feel it'll be short-lived due to a few reasons so let's build our Confluence. Confluence (3 or more) : 1. Price hit a HTF bullish Order Block ($5.2902) back in 2019. 2. Upper Order Block was breached on it's 1st hit. Precursor. 3. Price Action based within upper Order Block before engulfing it completely. Another way of looking at this pair is by tracking the US Dollar Index which is extremely bullish at the time of me typing this to you all. In conclusion, I would only look for long opportunities since anything else is considered a counter trend move. Yes, you can make profit either direction IF you know what to do. We shall see.
by ChrisJTradesFX
GBPUSD UpdateYesterday's British Pound/US Dollar analysis was done from a Weekly perspective for the... somewhat overall direction. Today we're diving in from a Intraday view from the H1. Be sure to go check out my Weekly GBPUSD analysis too! The purple horizontals represent a huge Order Block that was breached (broken on certain time frames) so what I'll be looking for in this scenario is a rise in price. However, that's only a setup for a short opportunity so anything moving up right now could be extremely risky to your capital. What would I do?! Long - I would wait for a break of the diagonal resistance to execute at the $1.1700 with Take Profit set for the old Distal @ $1.1904. Short - If the continuation zone ($1.2046 - $1.2129) is "respected" then I would execute at the $1.2046 with Take Profit set for $1.1529. I would also have a stop set at the old Distal for a conservative entry. Other than that I would patiently wait for Price Action to leave more clues to discover. We shall see. *NOT FINANCIAL ADVICE*
by ChrisJTradesFX
GBPUSD UpdateThis is a British Pound/US Dollar update from the Weekly perspective. Price Action made it's way into new territory with these new lows. Seeing that it has now breached a HTF Order Block I'll take that as a precursor for what's to come in the near future since it take a lot of momentum to breakthrough these huge liquidity zones. I'm interested in seeing how this Monthly candle will close at the end of March. I do believe we'll see a rally in price. When? Who knows, but stay ready. I would look for continuations to the downside since the bears are currently in charge, and a rally up can just be a setup to head further down. We shall see.
by ChrisJTradesFX
1
Bitcoin UpdateIt's time for a Bitcoin update from a Daily perspective for Intraday opportunities. I'm going to approach this from a flexible standpoint so basically if I were to trade BTCUSD either way. I'll 1st say that my overall bias is bearish, even though the markets don't give a shit about anyone's personal biases, but I felt the need to share that tidbit. The first & last time price visited the Order Block it's currently hovering above was back in November '18 - February '19 which means orders from this area has been absorbed. The PPZ ($3452) within it makes that O.B much more significant so once there's a break, there's an opportunity. Divergence can be seen from P.A and the Relative Strength Index. I would be looking for a rally in price to head towards that untouched O.B ($7634 - $8215) and if "respected" I would look short opportunities from the area. A conservative entry would be entering at the old Distal ($6909). Bear Entry - If price don't make it up to the Order Block ($7634 - $8215), I would wait for a B.A.R of the $2980 to Take Profit @ $1244. Bull Entry - If the O.B ($7634 - $8215) is breached, I would wait for a clean B.A.R of the $8215 to Take Profit @ $9920 Entry Time Frame - H1 *I AM NOT A FINANCIAL ADVISOR *
BITFINEX:BTCUSD
by ChrisJTradesFX
British Pound/US Dollar MarkUpThis mark up reminds me of why I like to stay Neutral. I was 1st Bearish when I start analyzing this pair due to how price was playing to my levels, heading further down, but I went high up to see what's new. Price was actually heading right into a very significant HTF OB which is how it ended on last week's closing candle. I expect it to head further down before it starts to emerge to go higher due to how massive the zone is since it's from a HTF. I located some barriers within it, but they might not hold. Once it's above the proximal (1.2286) I would pay close attention to Price Action for when to execute. There's a 250+ Pip gap between my levels, scale in & scale out. We shall see.
by ChrisJTradesFX
Oil UpdateMy last analysis was from high up on the Monthly, I wanted to zoom in to get a closer look at price. Am I Bearish or Bullish? Bearish. I believe price will continue to break down, it's only a matter of time. I also believe that it's possible for a rise in price, but now isn't the time for that so to look for longs would be very risky on the capital. These are some of the best times to work on patience since that's one of thee main ingredients to success in this field. Stay safe & Happy Trading!
FX:USOIL
by ChrisJTradesFX