USDJPYDepending on how the week opens, I'm looking to short the retace back to trendline support before going long UJ
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EUR/GBP - SIGNAL - BUY/LONGDetails:
Buy Stop @ 0.89236
Stop Loss @ 0.88720 (52 pips)
Target @ 0.89956 (72 pips)
Risk:Reward ratio = 1:1.34
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
A new waveOn our chart, we see that the price has resumed the downward movement and at the moment the formation of the third downward wave is in progress. Judging by the downward impulse, we believe that the current level of resistance, to which the price has approached, will be overcome.
The price will go to the marks of 1.3010 and 1.2960. Therefore, we advise you to look for points to enter short positions and establish take-profits at the above levels.
EUR/USD - INTRADAY SIGNAL - STAY TUNED FOR THE UPDATESPay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using Volume Profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
DXY - Shallow consolidation ahead of key resistanceThe USD seems poised for further gains today, as we have negotiated 95.00 without pulling back at all. This is a sign of strength and we expect another boost higher towards 95.70.
Litecoin (LTCUSD) live updateLitecoin (LTCUSD) 1 hour timeframe chart is shown in this analysis from September 1, 2018 to present date. The most recent chart pattern for Litecoin is a bullish price channel indicated by green lines.
Price action testing resistance around $66 is likely and a break above resistance should see the price of Litecoin continue to the upside, with the width of the channel providing a reliable target for the breakout.
Price action returning to test the bottom of the channel and/or breakout below is likely should supply overwhelm demand at the top of the channel.
1.16Market stands at strong daily resistance which suggests at least 3/8 retracement.
Thus our first expectation is 1.16 area.
For detailed analysis, trading setups and patterns that are forming right now - follow our signature link.
EURUSD [Intraday} possible supply and demand [Trading Plan ]EURUSD intraday possible scenarios ( bear in mind we are approaching FOMC, End of The quarter/ end of the month ): Possible supply towards 1,1800 with stops above yesterday high and again around 1,1840/50 with stops above . First possible demand around 1,1735/15 ( been tested already ) and we do prefer lower levels down 1,1640 ish/20ish Good Luck
The rates continue in the frames of the downtrend.Today, volatility has fallen sharply because investors expect the outcome of the FED meeting and their decision to change the rate.
Most likely, the rate will be raised, which will lead to a strengthening of the USD. Therefore, the most optimal solution is to open the deals to Sell, in favor of USD.
Relationship Between $BTC Bitcoin and $SPX The S&P 500 Index.I just realized I forgot to push back to at the least the 4 hour with this comparison. Still on the One Hour you can see the interesting corrolations. I will be loading side by sides and comparing my indicator down there.
GBP/CAD - Further Drop ExpectedDue to the overall bearish sentiment in the GBP because of the latest developments regarding the no-deal Brexit and potentially a second referendum in November GBP/CAD pair looks weak and is expected to further slide after the Mondays' retracement. Furthermore, CAD is supported by strong fundamental data and the strong oil prices that are set to further rise in the upcoming days, (Brent broke multi-month/year highs). As a result, it is reasonable to trade the weakest currency, which is GBP (after JPY) against the strongest - CAD.
The idea is to trade the break of the short-term uptrend with multiple confirmations to further confirm the bearish bias.
1. Break of the 50d EMA.
2. Break of the support level/38.2% Fib Retracement
3. Break of the longer-term uptrend line (red).
For additional confirmation, I am going to use the 1h candle time filter.
First target, 3 pips above 1.69 level with a potential break further down, will consider trailing the stop after.
There is still a possibility that the GBP price will continue its move up through today's session, thus a break and close above the 200d EMA would cancel my trade set up.
Wish all a great trading day!
EUR/USD - INTRADAY SIGNAL - STAY TUNED FOR THE UPDATESPay attention to the updates section as I will be posting when I will be entering my trade.
The analysis is made based on order flow using volume profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
DXY - Pressure on 94.40s again, with a Higher LowIn volatile trade yesterday, the USD did post a higher low which gives even more juice to our feeling of a short-term bias change (heading higher).
Don't expect much ahead of FOMC tomorrow but still these are warning signs that the downside is weakening.
Everything boring and sideways. Watch the trendlines.Anything I look at, FX, metals, commodities, crypto, is not moving much or I am blind. Bitcoin in particular is the least volatile it has been in years.
Some pairs are trending a little, nothing too crazy. Nothing sufficient for any of my top strategies (in other words the ones that work) to provide me with any opportunity.
I think we need to retest this trendline before anything happens.
If I were to scalp (I probably won't) on any of these 2 trendlines I would only when 1HR 15 minutes and 5 minutes are all 3 overbought.
Hopefully we do not spend too much time around the 1rst one, it just slows down the whole financial world.
If we go up there is the seond one, could bring some boringness again...
The good thing is while nothing is moving ETH shorts are piling up. Giving us more fuel for a short squeeze :)
(I reduced my ETH position size anyway)
Oh and when it pumps super hard, it could be a nice and high entry to short we will see.
The Price is DecreasingOn the chart we observe that the price is again approaching the mark of 6.170 and the technical indicators point to sales.
We believe that this movement will continue. Therefore, we advise you to look for points for entering short positions and consider your goals at the marks of 6.170 and 5.800
DXY - Short-Term bias flipping to negativeWe're once again flipping the short-term bias on the Dollar. With 94.50s under pressure, we think a break lower is more probable.
Also, we are in a volatility contraction so any break might grow legs quite quickly.
BTC/USD - Trading ScenariosThere is a very interesting trading opportunity in Bitcoin right now. This was not something I would have necessarily said yesterday, until I saw the last 2 12 hour candles, clearly showing indecision at the resistance zone, whilst finding a brand new support on the 20 moving average which confirms that the short term up trend is UP, whether you like or not, it's a technical fact UNTIL the 20 moving average is broken as a support. Until then, its up short term. If price negates 6360 level, in the form of a 12 hourly candle closing below it, then this is a possible opportunity to SELL. If price continues in this fashion without downside, then we should wait for a break above 6590 where there appears to be a strong possibility that price will get some upside.
For the upside, however, there is far more obstacles than the sell signal outlined. To begin with, the horizontal resistance zone is effecting price severely as is. As well as these, there is the 50 and 200 major moving average which are keeping price to the downside also. Price would have to break ALL of these for a bullish move, however by doing so, the buy opportunity will be a breakout move and will be a very high probability success trade!
Conclusion: Above 6590 look for a buy, below 6360, sell. Easy.
Where do YOU think price is heading? Leave a chart in the comment section and let us all share our thoughts!
Please leave a LIKE and FOLLOW. I'd highly appreciate it.
Thank you for your support.
The pair completed the correctionThe pair remains in the upper belt of Bollinger bands and we observe the ascending movement. The pair failed to overcome the mark of 1.3150 and now we have observed a correction of the price. Our technical indicators point to purchase deals.
As the pair departed from the middle line of the bollinger bands, we believe that the upward movement will be resumed. We advise you to look for points for entering long positions and consider your targets near the level of 1.3150.
ETH/USD - Live UpdateYou may recognize this Ethereum analysis from my previous one. You may also recognize this analysis from my Bitcoin analysis that I have just posted a few hours ago (See related ideas for more information regarding this). The reason for this is simple, because they are following the same movement. You probably all saw lately that Bitcoin and Ethereum have not been following each other and somewhat decoupled from one another as Ethereum tanked when Bitcoin was seeking Bitcoin dominance at the same time!
As it stands, Ethereum and Bitcoin appear to have stopped hemorrhaging to the downside together and have both made recovery. the decouple has totally stopped now and they appear to be in harmony yet again which is GREAT news for people holding a diverse Cryptocurrency portfolio as their portfolio (For the time being) can be considered stable.
Both Bitcoin and Ethereum are above the 20 moving average at present and both appear to be at least proposing that 20 moving COULD act as a support level now. If Ethereum trades above 201 without having a candlestick close below it, then technically we're in bullish territory still factually (Because the lower high remains confirmed and the 20 moving average isn't negated). Above 235 and can be a comfortable buyer.
Anyone who think's Ethereum is bearish from current levels despite what I said above, do let me know when you're selling them so I can buy personally from you... I could do with a new set of golf clubs as it goes.
Where do YOU think price is heading? Leave a comment below with a chart and let's share our thoughts!
Please leave a LIKE and FOLLOW. I'd really appreciate it.
Thank you for your support.
EUR could show deeper retracementGreetings everybody,
Friday's sharp reversal was a bit irrational from technical point of view. This is the reason why we think that EUR could show deeper retracement.
At the same time, we do not cancel yet our daily bullish scenario with upside action to 1.19 area, but have to switch from simple AB=CD to "222" Buy pattern due recent price action.
For detailed intraday analysis, targets and patterns please visit our signature link, dedicated to EUR analysis. Also you will find fundamental research on perspective of world crisis in 2020.
Believe us, its really thrilling.
CURRENTLY RIDING EJ DOWN TO 128.500/128.000Alright guys, I got in on this trade around the 131.000 Region.
Currently shorting this pair down to lows of at least 128.500/128.000 .
This might take a week or so.
I don't really trade EJ however, I thought the set up on this trade was too perfect.
I'll update you guys anyway!
TP: 128.500/128.000 .
TRADE WAS SUCCESSFUL! NU LONG!Alright Guys.
This trade was absolutely spot on, tbh I was happy but wanted it to shoot up by a lot more, however, I'm still pleased. My first target was hit which was 0.70000 . I'm happy with that for now, and I'll be uploading more setups and possible trades!
