MoneyForNothingAndPipsForFree

MoneyForNothingAndPipsForFree Sep 2, 2023

Here's what I currently see for AMPL. Looks like we're about to leave the accumulation channel and try to close the gap at around $40.

MoneyForNothingAndPipsForFree Sep 1, 2023

I can't find my previous analysis of this pair so I had to publish a new one. Price has finally broken out of the falling wedge and a possible play is it's going to rip all the way up to the 38.2% Fib, retrace and start a new bull trend all the way up to the top of the box.

MoneyForNothingAndPipsForFree Aug 31, 2023

Can this megaphone pattern play out ? Completely missed this pair, had it on my radar but was busy trading other pairs. I think there's still lots of downside potential in this move.

MoneyForNothingAndPipsForFree Aug 31, 2023

Wave 5 isn't done yet, the bottom is near $20 or slightly above. From there it should rip to $30.

MoneyForNothingAndPipsForFree Updated  Aug 31, 2023

BRC is trading in a bullish channel and wil probably create a double at around $60.

MoneyForNothingAndPipsForFree Aug 31, 2023

Price gave us the break and the hook, given OI on CME $20k is probable here.

MoneyForNothingAndPipsForFree Aug 31, 2023

One of the setups I like to trade the most is the transition from trending markets to non trending markets and vice versa. One of the trader's theorems tell us that once a trend has finished markets will transition into a non trending state. This also holds true for non trending markets, at some point non trending markets will set up a new trend. Right now we're...

MoneyForNothingAndPipsForFree Aug 30, 2023

CHFJPY has formed a double top on the H1 timeframe and my conservative target for this trade is the 38.2% FIB retracement.

MoneyForNothingAndPipsForFree Aug 30, 2023

We're witnessing a very strong move to the upside by GJ, will get interesting once it reaches the top of the channel. Might give us a nice chance to short it, but as for now the move is still bullish.

MoneyForNothingAndPipsForFree Aug 29, 2023

USDPLN created a nice double top and is now on track to the 38.2% FIB, let's see if we get a pullback from there to give the shorts a discount to go short again. My take profit target would be the bottom of wave 4.

MoneyForNothingAndPipsForFree Aug 29, 2023

AUDUSD is appreciating thanks to a weakening DXY and I expect DXY to retrace even more, which will cause AUDUSD to surge. As you can see price has broken the TD line and our first profit target should be between the two pink lines. Will keep updating the trade...

MoneyForNothingAndPipsForFree Aug 29, 2023

Looks like we have finally gotten a confirmation of an inverse H&S setup. The targets are the yellow circles.

MoneyForNothingAndPipsForFree Aug 29, 2023

Here's my quick analysis on H1. If GBP manages to reclaim the pink line and stays there, I'll be initiating a long position all the way to the volume cluster at around the 261.8% Fib mark.

MoneyForNothingAndPipsForFree Aug 28, 2023

AUDCAD has formed a double bottom on D1 and has bounced from the channel. To me it looks like we're witnessing the completion of a reverse head and shoulders pattern, once we break the TD line to the upside I expect price to move back to the top of the channel. Also MACD is above the zero line and consolidating.

MoneyForNothingAndPipsForFree Aug 28, 2023

What can I say, I think the chart is self explanatory.

MoneyForNothingAndPipsForFree Aug 27, 2023

What do we know about boxes ? They are continuation patterns and it looks like GJ is right now trading inside one. On top of that price is moving away from the two major MAs (100 & 200).

MoneyForNothingAndPipsForFree Aug 27, 2023

Looks like the down move isn't done yet, I think this pair has got a little bit more gas left in the tank. Price is droping, MACD hist. has turned bearish and price is trading below both the 100 & 200 daily MA. If we're lucky we get a bounce at the 38.8% FIB and will retrace higher in order to create a channel to the downside.

MoneyForNothingAndPipsForFree Aug 26, 2023

I think EURCAD is setting up a bearish Head and shoulders pattern here. Right now price is trying to break to the downside out of the bear flag. If this moves plays out we're going to see a massive 1000 pip move to the downside, right into the liquidity void at around the 61.8% FIB.