Wycofflogic
USDCAD BULLISH(Follow up chart.Refer to previous post) This is a follow up chart for my previous post .
Find the link attached below
USDCAD MAJOR RE-ACCUMULATIONHello my fellow traders. I hope you have been having a good time with the charts
I have been onto UCAD since the beginning of its markup phase and have kept you updated on my views.
If am not wrong, This pair is cooking something up. Institutions are re-accumulating their orders and I might have sniffed them out.
Possibly we might see a reaccumulation with a spring unfold. This provides us with more opportunities to stack our orders with the whales..
Its still too early to tell but as we wait lets see whats in store for us
IS XAUUSD PREPARING TO GO LOWERAssuming the schematic is very correct, We might see gold push one more time to the upside.
I have been patiently waiting for price to get at the 1860 level to go short on Gold.
Price indicates it will hit that level before going down.
USDCAD liquidity grabUSDCAD is hatching a plan to take out liquidity as FED chairman testifies.
Be woke and stay alert of the trickery about to happen
USDCAD RE-ACCUMULATIONo
Last week I thought price would go down and fill the imbalance left but boy was I wrong.
Far from speculation I have concrete evidence that usdcad will not see a new low form coupled up with a very nice narrative for the pair. So here we go:
We saw usdcad complete the accumulation phase after taking out all liquidity below. What follows next in the wycoff cycle is a series of reaccumulations and the first one has just being completed
After showing a sign of strength, the pair closed at a 4HR institutional candle where they have their buy orders. i.e Not expecting price to go below that candle
For a low risk set up I would look for a wycoff accumulation in the lower time frame next week.
Beware of high impact news on wednesday and friday that affect the pair.
A spring is most likely to happen on friday but I would rathher wait for price to show me its hand.
Find previuos analysis atached below,
USDCAD DISTRIBUTIONUSDCAD has been preparing for a retracement to level 1.219190 but not without building up liquidity.
We might see prices tap the resistance line at 1.26545 and leave Equal highs to be taken out after the retracement.
All in all having a bias will aid us in not getting caught up against the trend.
Lookindg for shortterm sells at the equal highs then longterm buys
EURGBP UNPOPULAR OPINIONDISTRIBUTION INSIDE AN ACCUMULATION
I cannot tell you guys in full totality that this schematic is right for sure, it is just an anticipation of the many possibilities offered by the market.
Overall bias is shorts till they sweep the liquidity below.
Interms of intraday perspective I think price will continue down and reverse at 0.8500 zone in preparation of a lpsy.
Enter shorts if and only if price shows signs of a distribution to go lower at the first lpsy.
BTC CALM BEFORE THE STORMBTC has been forming a structure that looks more like an accumulation. I want to believe it is in a re-distribution phase and hence its going to fall.
I would look to be a seller between 35200 and 36140. With good risk management that should not be a problem incase it decides to fly.
Watch zones between 35200 and 36140 to enter for a short position
GUBPUSD DESCENDING WEDGE ACCUMULATIONSame structure as EU. We are experiencing a divergence between EU and GU because a big move is about to happen
EURUSD possible wycoff accumulationI am expecting continous bullish action next week and maybe market reversal at 1.19610.
The price is likely to spring on JULY 14 as we have high impact news.
The demand zone around 1.17720 is a key area to watch as the spring will deflect from that zone from my analysis.
USDCAD BULLISHUSDCAD has been on a monthly consolidation. Price was testing the previous low as institutions accummulate orders.
The accumulation cycle has been completed and we are now looking to be very bullish
This is a swing trade and positions will be added along the way
I will make a follow up post and leave a link here for my short-term perspective.
NASDAQ 100 LIKELY TO CRASHMicheal Barry, Warren Buffet among many others have been predicting a market crash. Bill gates has sold majority of his stocks and many other big market players are withdrawing.
The USTech100 and Us30 follow the same trend as the Nas100.
Gear up for a nasty ride down.
Will BTC break the ice line? If no, a short run is on the wayMy last prediction is quite accurate, but that is just pure luck.
The ice line is lying here and we see pressure.
If fails to break through, a short order is profitable.
ETH just need a some bars to be bearishIf the next bars is rising with low volume, highly possibility that ethereum turn into bearish market.
We need a SIGN of Strength to break out this area.
At least a high volume bar to go beyond 2834.
Wyckoff Distribution BTC Bitcoin With all of this obvious Manipulation going on, I thought I'd review the Wyckoff Schematic that many traders are talking about now that we are coming to grips with the fact that Elon hates us.
Most Wyckoff charts show Bitcoin price in the "Phase D" (mark down) trend and that certainly fits. However, I am making the case for the current price action to only be in the "Phase B" part of the distribution.
This would mean a BULL phase or UT (upthrust) leading to a new ATH is imminent.......after maybe one more lil baby dip into uncomfortable territory (40k)...
Let me know what you think. Is Elon a wackoff? OMG is Saylor a wackoff!?
SPX ShortTechnical Analysis
- Distribution Phase
- Price keeps making lower lowers
- Expecting to see Price drop around the previous pivot area
-Price is respecting the P pivot area
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Fundamental analysis
- Vaccine on hold
- Stimulus package uncertainty & unpredictable
