MoneyForNothingAndPipsForFree

MoneyForNothingAndPipsForFree May 6, 2023

NZDUSD has formed a nice classic duble top on H1 and has already formed a first leg down, followed by retracement forming a downward channel. Price targets are the two pink boxes at the 50% and 61.8% retracements.

MoneyForNothingAndPipsForFree Mar 29, 2023

Pink circle is target which happens to be right inside the 61-67% fib retracement.

MoneyForNothingAndPipsForFree Mar 17, 2023

Looks like it, we have another touch of the bottom of the wedge and bullish divergence on MACD. A first potential target zone is around $1.50-$1.60 and second target zone should be a double top at around $1.90-$2.0.

MoneyForNothingAndPipsForFree Dec 11, 2022

This is what I currently see for ACB. The stock has been basically trading sideways since June 2022 and found a low on October 11th. We currently dipped back into the demand zone from October and I expect price to retest the August high. My initial targets are $2 and $3 in the long run. Once we leave the accumulation phase this one, inlcuding $TRLY and $OGI, should fly.

MoneyForNothingAndPipsForFree Dec 5, 2022

Text book bullish channel , the target is the green box.

MoneyForNothingAndPipsForFree Oct 10, 2022

USDTHB left the bull flag and bounced of the low of the channel. Target is the green box.

MoneyForNothingAndPipsForFree Oct 7, 2022

Altimmune had a good run, but right now it's sinking faster than the Titanic. It breached both the 100 and 200 MA on H4 and is on its way down to around $5.

MoneyForNothingAndPipsForFree Updated  Oct 7, 2022

Looks like we are in wave 5 on H4 and the area around the 50% fib was already touched 4 times in the past. I expect it to touch a 5th time.

MoneyForNothingAndPipsForFree Updated  Oct 4, 2022

I'm long SPX, price should retrace into territory of wave 4. Wait for pullback to go long.

MoneyForNothingAndPipsForFree Oct 4, 2022

EURNOK has formed a nice double top close to the 38.2% fib. Unfortunately I missed the entry to go short, I will try to get into the trade once price retraces to the upside. The target of the short would be another touch of the bottom trendline. We also have a slight bearish convergence on MACD.

MoneyForNothingAndPipsForFree Oct 4, 2022

Here is what I see. The ABC corrective pattern to the upside is complete and USDTHB is breaking down. I've outlined two profit taking zones (Green boxes).

MoneyForNothingAndPipsForFree Oct 3, 2022

USDJPY has been consolidating for a few days inside a flag. If the flag plays out as it should we should see a run up to 147. The length of the flagpole is the same when leaving the flag.

MoneyForNothingAndPipsForFree Oct 3, 2022

EURJPY is now trading inside an ascending triangle and I expect it to reach our first target soon.

MoneyForNothingAndPipsForFree Updated  Oct 3, 2022

EURJPY is in sub wave 5 of major wave 3 and is going for the double top. We should see a retracement from there , before it continues its climb up inside the rising wedge we're currently in.

MoneyForNothingAndPipsForFree Oct 3, 2022

I'm still long EURJPY and waiting for it to touch the upper trendline of the ascending wedge , that's where I'll open a short position.

MoneyForNothingAndPipsForFree Oct 2, 2022

CADJPY is going sideways/consoloditating , which signals us about a potential continuation of the move to the downside. Price is also below the daily 100 MA (green zi zag line). My target is 102.76 - 102.23 and I expect price to find support at the daily 100 MA (red zig zag line).

MoneyForNothingAndPipsForFree Oct 1, 2022

AUDJPY has broken out of the ascending wedge to the downside and is currently moving inside a bearish channel. I think that wave 5 is in play her and price should come down to the target box at around 91.50 - 90.800. If you look at the volume profile you will find a circle, I've marked this area to point out, that there's a huge volume imbalance and basically no...

MoneyForNothingAndPipsForFree Sep 29, 2022

As you can see the EURNZD cross is trying to complete a triple top. I expect price to drop all the way down to 1.644, if we get the reversal to the downside.