AfterlifeTrading

AfterlifeTrading

Last week we saw continuation to the upside. Then a fakeout to break the structure to the upside which corresponded with an strong impulse to the downside. Now, I think we may finally get the correction we have been waiting for. What I am looking for now is a corrective structure back up to 1.408 area. Depending on price action, I will look for for this area...

AfterlifeTrading Updated 

I was looking at a quick BTC trade after looking at the price action and structure being created. Entered after structure created for a long to test the structure highs that BTC rejected several times off of. I don't have alot of BTC left on Bybit as I started cashing some of it out. So not trading with alot of volume but the trade is already up 18%. ...

AfterlifeTrading

Here is what I am looking for, for BTC buys. If we retrace to 45k, this is the area I am looking to buy. Why? 0.618 Fib Trendline Strong support Key Level Let me know your thoughts. Trade Safe! HEET

AfterlifeTrading

I closely watch GU & GJ, and as bullish as they have been, it feels like they may come down for a retrace. GBP is losing alot of steam today. It doesn't help that DXY keeps bouncing up like crazy every time it gets close to that psychological level. The resistance around 1.42 has been holding strong and created a double top. I am looking at the key level...

AfterlifeTrading Updated 

I've recently published several DXY analysis since last week and they are all playing out as anticipated. They are linked below for your reference. Today, I am doing a quick update of what I am seeing now. The first analysis shared the idea of the Big H&S while the shoulder was developing. And then the 2nd analysis gave an update on the short term progress...

AfterlifeTrading Updated 

USDCAD rejected the level that I was watching. And now that DXY is becoming weak, I entered the trade. Also my strategy has been short on this pair since last night. I don't have the latest COT reports yet but previous report shows a 23% increase in shorts. Keeping a close eye on DXY. Hopefully this time it can break 90 to push my trades in the right...

AfterlifeTrading Updated 

I entered this trade on the pullback. Structure on lower timeframes looks to be solidifying. Hoping a little dollar weakness can trigger an impulse up. Looking at DXY, it looks like it is topping out and could come back down at any moment. Note, this is a high risk trade: - Entered without Price Action confirmation. - May see a larger pullback for...

AfterlifeTrading Updated 

Its been a while since I posted anything on Crypto... BTC just experienced an 11k drop with an instant recovery. Very, very bullish. But I don't think this is the end of it. A correction was expected and I'm not sure that one wick is enough to weed out all the selling pressure. At this price, I'm sure there are alot of people that are going to start...

AfterlifeTrading Updated 

This pair was analyzed with multi timeframe analysis and zooming out on EU, it looks quite bullish and I am forecasting further upside. Yes, I understand that we are at (and potentially rejected off) a critical resistance level but we are also in a corrective structure projecting a bigger move to the upside. While looking at DXY, we have the exact opposite,...

AfterlifeTrading Updated 

I entered an EU trade on the recent pullback. During my DXY analysis, I was thinking that it is still bearish, at least for the short term. This should continue to push EU upwards. I already set this trade to break even but hoping for continuation. Assuming it breaks the previous high, there is no reason why it cannot continue up to 1.215. So far, the...

AfterlifeTrading Updated 

DXY is currently ranging in a huge range. Last night buyers jumped in and has been ranging ever since. My short term view on DXY is that it is still bearish, for the time being at least. To confirm this sentiment, I would need to see DXY continue downward and make a lower low, while breaking a key level. But if DXY goes up from here breaking the bearish...

AfterlifeTrading Updated 

I normally don't trade UJ but just screening my watchlist and saw this structure being created for potential countertrend shorts. Based on the previous structure break, that could bring it down nearly 80 pips. JPY is strong today and USD is losing strength. And I am expecting USD to continue bearish today. COT data shows an increase of shorts and decrease...

AfterlifeTrading Updated 

This is the opposite of what I was seeing on DXY, inverted H&S within a corrective structure. In the case of EURUSD, we have a little more confluence as it appears to be retesting the breakout of the bearish structure as it approaches a strong area of support and the price is still within the HTF bullish channel. Let me know your thoughts.

AfterlifeTrading Updated 

Normally you see a H&S at the end of a bull run, instead of a corrective structure. But the concept should be the same? Anyway, it looks like we may be creating a potential right shoulder as we speak. We were expecting a correction before continuation to the downside, right? If this happens, the price will be pushed back into the HTF bearish structure with...

AfterlifeTrading Updated 

Analysis had already been done yesterday for both EU & DXY (for details review linked ideas). This is just the ongoing result of those ideas. We finally got the impulse as DXY has been losing strength. DXY is currently consolidating but hopefully we get another impulse down to push my trades further up. I sent multiple updates about the big H&S (for...

AfterlifeTrading

When looking at the structure of USDCAD, even with its strong bullish move from last night, it is still maintaining its bearish structure for both LTF & HTF. It has reached an area where a strong break upwards will break the bearish structure. If that were to happen, I have my idea for trade entry. More likely we see a rejection to bring the price back into...

AfterlifeTrading Updated 

EU has been consolidating in this order block since last week. It looks like it is trying to break out of it now. If it can get a clear break above this order block, then it may be a good opportunity for continuation for longs. DXY looks to become weaker and weaker My Strategy triggered a long COT data shows a slight decrease in longs but much more...

AfterlifeTrading Updated 

DXY appears to be breaking down from the order block to reenter the HTF bearish structure (Since Mar 2020). This could trigger further weakness in DXY and we could see strength in GU, EU, & AU and further weakness in UCAD.