Elijah_Trading

Elijah_Trading Updated 

Liquidity is all around you. Beneath and above, look at where the stops are. Counters like this are lower probability so keep that in mind.

Elijah_Trading Updated 

Welcome to Forex. I couldn't help myself

Elijah_Trading Updated 

Hey, haven't posted in a while because i've been too busy managing more accounts than i'm used to. But I just wanted to get back on to say that this head and shoulders is not going to work out lol. I've seen just enough posts that think it will, that even verify what i was originally thinking. I've been planning for this false head and shoulder's since the left...

Elijah_Trading Updated 

Classic Symmetrical Triangles Shouldn't be traded Classically in Forex.

Elijah_Trading Updated 

Expect some ups and downs, just like life. When life gives you lemons, make a lemon tree so u get more lemons. Then after you get more lemons, you sell them. Then you use the profit to buy lemon seeds. Then take those lemon seeds to plant several more lemon trees. Now you have a profitable business.

Elijah_Trading Updated 

They look pretty cool right?

Elijah_Trading Updated 

I'm very long. This momentary retest of the breakout of the descending wedge should be over. I see up from here :)

Elijah_Trading Updated 

Simple

Elijah_Trading Updated 

Keep Eyes on the liquidity pool below. GBPUSD should be rejected on its next small rally to make that new low. EURUSD is much stronger here.

Elijah_Trading Updated 

I'm currently studying wyckoff to broaden my horizon a bit when it comes to trend continuation, or reversal. The overall body of work Bitcoin has done in the past week looks like distribution to me. I can definitely see a short squeeze coming, but I can't help but see this small body of work on the 15 minute timeframe as redistribution. I'd rather not have my...

Elijah_Trading Updated 

Sell on retest

Elijah_Trading Updated 

Canadian dollar is showing some strength here, which should give USDCAD incentive to go lower. I'm seeing these levels break here with ease tonight. This pair has been showing massive swings as of late. I think a short here is a higher probability trade. It's been fairly choppy across forex lately, hard to get one direct trend within this range. But This short may...

Elijah_Trading Updated 

Let's aim for this range high on USDCHF. Once the trend line breaks that should offer a very high probability trade scenario for price to aim for those highs. I think price may not even drop below that low made from yesterday's candle. It could continue up from here. It's just a really pretty chart that's all.

Elijah_Trading Updated 

Easy buy. Broke resistance, should just close on the H4 for confirmation before the return to this level. Good looking buy for higher highs.

Elijah_Trading Updated 

If you want to play devil's advocate, here are both sides of the market i'm looking at for next week. EURUSD has been a bit tricky lately and it could easily continue down this week, however, i'm leaning towards the upside due to its strength in this reversal. I don't like how the H4 looks with that recent close, but the dollar index looks very bearish and heavy....

Elijah_Trading Updated 

I won't be holding this into NFP news release. Looking for the upside void to fill, then possibly another drop lower.

Elijah_Trading Updated 

There is not much market correlation with other pairs excluding USDCHF alongside the dollar. Typically foreign pairs should be moving against the dollar, but because we're here in a range and forming some manipulation across the market, expect everything not to line up. It's probably not smart to trade one pair and expecting the same correlation with another pair...

Elijah_Trading Updated 

This is the top on Bitcoin. Wave count is done, we have a bearish breaker as well. Along with weakness signs showing in the S&P and potential for a reversal on this Dollar, I'd call for a market reversal here. Don't fomo, we just reached a parabolic top!