


This might not be the ideal strategy of trading, good to know overall given the strikingly similarities of the fractals. Originally suggested by:
A record high of 20k shorts currently open on bitfinex. Its just a matter of time before this blows up... Sellers are pretty exhausted at this point of time, but that still does not stop stubborn bears from shorting the bottom.
1955 CNY will be the first target for full retracement of the previous liftoff. AB=CD, we should land on 1527.40 CNY that'll be short lived for market reversal. That's also the 1.414 fib extension area.
0.764 retrace since the last highs of 69.5. This looks like a pretty good risk reward place to go long until 71.14. Daily is relatively oversold & unsustainable along with clearer and clearer signs of seller exhaustion.
FUNDEMENTAL: Given the relatively low oil price right now, and possibility sub $50/barrel in the coming weeks is there any reason for a need to move to electric cars already? Environmentalist might say CO2 levels in the atmosphere is hitting a catastrophic level, however most electricity are still generated by coal or oil. :) TECHNICALS: RSI is suggesting that...
I'll finally be shorting this one after today's closing if the candle is red :) Expecting 1960 or lower in this megaphone
Looks like Dollar needs a little consolidation here from its insane pump after meeting the grandfather resistance :)
Support broke & along with strong US fundementals, we can expect further downside for AUDUSD over the next week.. Next major support is at 0.81801.
Looks pretty oversold after the comment left on QE last Friday...
A buy and forget pair with good risk reward ratio... :) Presents should arrive by Christmas..
Good risk reward opportunity to short once daily closes red today. As an additional confirmation, we have a big megaphone here.
Some strong reasons to believe that we are already done here and it is not going to rally further. Yesterday's attempted rally at 2463 range had a huge second potential for Bitcoin to test the highs yet it is algorithmic smacked down hard by certain individuals on both Huobi and Okcoin. A possible bounce will unlikely to break the now resistance already. I'm...
Winter is the best time for bears to hibernate ;) NEVER consider shorting until 440~476. Dollar (DXY) is topping out right now too. Clear breakout here, and it'll be a strong corrective trend. Short and sweet, we are in for a big rally.
Support levels at 1170~1180 is now a resistance. This rally brings a perfect opportunity for people who may have missed last week's dump, as its attempting its last kiss into the resistance before it gets corrected even further. Short with stop loss at 1200.
Cruel crude oil screaming for a bounce here after a big slump :) A historical bounce zone and completion of a bullish butterfly.
Short term and long term USDJPY short play from here. Extremely good risk reward area to be shorting it. Double rising wedge in 1H and daily timeframe. Truncated wave 5 (daily)
There's a nice bounce today off 23.6% fibs for a good short entry if you have not done so. A reversal is currently underway for GBPJPY, as traders starts taking profit off longs against the Yen. Stops are placed at the previous high of 184.305, with 2 take profit area at 61.8% & 88.6% fib respectively.