RF1508

RF1508 Updated 

BTC is still in a bearish mode as price hasn't been able to print a higher high. Right now there is so much weakness and no conviction in the market to push price higher it also looks like that the upwards retracement is already coming to an end. As much as I would like to see it go up again, technicals tell me a different story and in the mean time we keep...

RF1508

The FX_IDC:EURGBP pair has been moving in a range for quite a while now. The past three months price has been compressing into this triangle. Now we closed outside the triangle it's a sign the bulls are getting stronger. It's not until 0.8850 is broken we can safely say we are making higher highs, but I am keen to get in early.

RF1508

OANDA:EURNZD is developing a really nice megaphone pattern. We will trade the swings in order to be in early when it breaks out. Trading it to the upside we can use the inside day on the D1 or a H4 entry to go long.

RF1508

There are a lot of reasons why buying TRY OANDA:EURTRY is a good idea but to benefit from the interest rate is by far the best reason. Trying to get a foothold using the smaller TF's like m15 en h1.

RF1508

Just be careful the Singapore meetings don't mess things up. If not this might have a 5R outcome Trade safely

RF1508

Technically ETHUSD is still in a downtrend because we are making lower highs on the daily. We did make a clear low however right at the sweet spot between 61% and 50 retracement. This means you now have a low risk entry and easy entry on the lower timeframes. There is a very dangerous level at $670 where price might reverse. Trade safely!

RF1508

LTCUSD has formed an inverted H&S pattern after bottoming out just like a lot of other crypto pairs. Be sure to monitor BTC movement closely as it will drive this LTC move Trade safely!

RF1508

First swing played out nicely. Let's see if we can pull it of once more... Waiting for a short entry setup. SL 85.62 and TP 77.90 The small bearish rejection candle on H4 is not enough.

RF1508

USDTRY might be starting it's retracement as it is currently trading at a strong trendline and ready to break the head and shoulders pattern. If this line breaks target is sub 2.60

RF1508

Ready to short GBPCHF as it's trading at the top of the range while bears are moving in. Price may retest 1.4649 once more; if it does after London open, I can get in at a better price.

RF1508

Dax has recovered and is trading within it's channel again after a breakout of the descending triangle yesterday. Next to this it was able to close above the strong weekly resistance. I expect Dax to rise to .85% of the high of the previous triangle, it might test the resistance first once more.

RF1508

See chart for explanation.

RF1508

Bitcoin has bounced of the cloud and resistance at 235. It might test the 235 level once more before resuming it's uptrend. If it doesn't test the 235 level today or tomorrow I'll add more to my long positions.

RF1508

Right AFTER opening the price dropped like a knife creating a huge gap. If the bias turns bullish again, this gap needs to be filled and gap can be used as a TP or SL levels. For now I am on the side just watching. Feedback/ideas?

RF1508

Opening one more position as price bounces of the the Kumo, the Kumo switches and the Tenkan and Kijun cross eachother. Screaming "Buy me". SL: Bottom of the cloud.

RF1508

See comments on the chart. What's your view on this setup?

RF1508

Short opportunity on the hourly; went short when the GJ broke through the cloud, the kumo switched and chikou broke through the price line. If the strong resistance @ 178.76 breaks (resistance at the daily and H4) we can see a new low at 176.26. "If" we reach that level a nice double top will be completed at the daily driving price only lower. Guess we will take...

RF1508

Making a nice swing going down with 1.6% each time. Retracing and going down with 1.6% again. I am shorting @ 127.86 TP @ 200 pips.