Elijah_Trading

Elijah_Trading Updated 

I posted the original analysis with USDCAD and deleted it, and even though that will reverse too, i just wanted to make this the main post because its showing the divergence with EU and DXY. Expect major pairs to reverse. Forecast - DXY - Bullish EURUSD - Very Bearish AUDUSD - Bearish USDCHF - Very Bullish USDCAD - Very Bullish S&P500 - Very Bearish Bitcoin -...

Elijah_Trading Updated 

For the love of God do not trade this triangle traditionally. Today at 14:00 PM is FED Rate decision, and its likely that's going to screw the charts up. So DONT trade this triangle traditionally. Currently i'm in a trade right now, and will likely close right before the rate decision if I see what my gut says to anticipate for. Which is the purple line. But all 3...

Elijah_Trading Updated 

AUD has been whooping EURUSD's butt in the race to the top. EURAUD should catch up this week, we see signs of reversal beginning. If we continue to break through we have these 3 targets.

Elijah_Trading Updated 

Possible Long here on EURUSD. The only thing I don't like about this setup is that the market is showing a possible reversal on a Friday. This does not happen a lot. So it's something to worry about. It does lower the probability of this trade down a bit, but I'll be looking around London close on Monday for my entry.

Elijah_Trading

Pullback to breakout

Elijah_Trading Updated 

If you're long on Bitcoin, you should be cautious now. Bitcoin looks as if it may be falling from a bull pennant, whenever it does this, this can be a VERY bearish sign within Crypto. If we see price continue to break down that may be the end of the run as we know it. We'll have to keep an eye on it here to see how this plays out.

Elijah_Trading Updated 

We are in the area of a reversal for EURUSD. This would be the perfect area to do so. The H4 swing low was taken, we have a break down from a "triangle" that could trap traders, and the dollar index is in a bearish formation. The ONLY thing that makes me skeptical is the timing. We don't typically see this reversals on Thursday, especially not recently. BUT, if we...

Elijah_Trading Updated 

It's hard to gauge with confidence which direction Bitcoin will go in next. There are alternate wave counts for both directions. However, if you look closely on the hourly timeframe, these recent moves down look very impulsive, which is pretty bearish. I say the key here is if Bitcoin can close above 6991 on the DAILY candle by TONIGHT (1 more hour), then it has a...

Elijah_Trading

The Dollar is showing a lot of weakness in this range with this ascending wedge. All it needs to do is close above and continue its strength. However, if it shows impulse to the downside and breaks market structure look for majors to reverse the trend of this week. If not, then the dollar should continue.

Elijah_Trading Updated 

This might be one of the best trades I can get. The stock market is GOING to make new lows, it just depends on when. If we find some form of support after a drop from this wedge, then I think that we can continue even higher. But if we even slightly touch 21k, i think that's the hint that this market will move lower to 15k. This is a high probability trade.

Elijah_Trading Updated 

Breaker in Confluence to a trend line break. New Swing Trade System. Test 4 Overall: 0/2 Breakevens: 1 RR: -1.2

Elijah_Trading Updated 

Swing Trade System Testing (Live) Trade: 2 Overall: 0/0

Elijah_Trading Updated 

Swing Trading System (Live) Test 3 Win Overall 0/0

Elijah_Trading Updated 

New style of trading I'm trying specifically for swing trading with exotics and crosses. These are live trades, and I'll be using tradingview to document progress and accuracy with this system. I'm selling the lower RR trade and will then sell the higher RR trade if available. Swing System Trade 1: NZDCHF Overall: 0/0

Elijah_Trading Updated 

In the original analysis I assumed we were going to get a deeper retrace on our B wave, but after this recent high was taken on Bitcoin, it's hinting that the B wave is at an end and we can finally continue up to our C wave. I'm long due to the high being taken out, and an H4 breaker will confirm at the red zone once it hits 4am. I am now long after taking a small...

Elijah_Trading Updated 

Trend line break for USDCAD with Divergence of the dollar index. Dollar made a higher low with USDCAD made a lower low. This is going to boom. Should be an easy entry for swing traders. Day traders will have a problem getting into this.

Elijah_Trading Updated 

H4 Mitigation Block + Breaker After falling from Ascending wedge. Looking for a trend line bounce and fake breakout from triangle before trend line breaks.

Elijah_Trading Updated 

Short in the short term. Expecting ranging for the next few weeks before some continuation higher. Expanding wedge leading into further sell off. Head and shoulders on shorter time frame just confirmed. Figured why not trade some Bitcoin during quarantine.