Scott_The_Chartist

Scott_The_Chartist

Both EHT and BTC have broken their downtrend - but I liked this one better because of Vitalik.. See if 1825 can give lift up to test 2075 next

Scott_The_Chartist

This long slow grind down has to end sometime, would expect the channel to break soon after a good full waves movement.. I was hoping we'd see some major action on this all week, but all we did was make some longer consolidation trend lines. If this recent drop is one to carry us down to lower levels - around 1800 would be a strong area to send it lower. Though...

Scott_The_Chartist

EURUSD showed weakening downward strength, sliding out of its channel. I played the trend, ignored some signals and took a loss playing short - so now we wait for data as clearly there was some confusion. This pair has chance of playing ping-pong between the D50/D200 EMAs until the main event next week, I am leaning towards further downside in the longer run -...

Scott_The_Chartist

The calm before the storm - Energy is potentially building up in anticipation of our next rate release Rates are expected to hold, personally I would not be surprised with a +0.25 day... Either way, back to business.. This chart hasent changed in the last month, we pushed up like anticipated and stalled around 104.5 as predicted. Hoping we can hold the D50 EMA...

Scott_The_Chartist

EURCAD - My "pair nobody wants" continued its downtrend this week - making entries difficult; at least for myself. (Regretting closing my short entry at 1.50715) Fundamentals this week supported further movement in the current direction, from my point of view. Risk off! (Well never, but its lower) If the week ahead stays within boundaries Ill be looking for...

Scott_The_Chartist

Taking a step back - Here are some levels Ill be looking to be hit next week. I typically prefer the safest entry, especially with the week ahead. Also good to note, I wont take a position until after the dust settles - typically wait until the following days Asia/London session (maybe I should make a post about that...) Assuming we hike (Rates up, Value up!...

Scott_The_Chartist

BTC has launched off the "stairway to heaven" pattern. If we can break free of 28.5 I think this thing is going to fly. Potentially this could be the start of a move to 37,350. Sometimes, this happens rather quickly.. Happy Trading - Stay Agile

Scott_The_Chartist

Coming up to a heavy area for Bitcoin Trying to regain some ground after the latest sell off, Bitcoin is making a run at 28k again. I believe we have a good chance at rejecting between 27.9k - 28.5k If we do start to break down from that area I would be looking for a hard push below 26.5k followed by continuation to at least 25. Personally, I will have my eye on...

Scott_The_Chartist

With a strong close to the weeks end lets see if it can hold the breakout A retracement down to 101.75 could poise for a good entry in the market. Potential to just head right up as well .. Bias change with a significant close below 100.5

Scott_The_Chartist

Looking like it wants to push back up to the 140 area. JPY can be a bit of a wild horse however. Due to that, not sure Id take a 134.75 entry, 132.5 is much more favorable. Wait and see the approach, go from there.

Scott_The_Chartist

I don't know.. and because of that I will use this as a hedge against my bias (Long DXY) & as a hopeful cushion into my positions. Looking to take a small long from 1.078 up into the 1.093 if hit before 1.09 But Primarily - Im looking down🙃

Scott_The_Chartist

OK, dont hate me for trading this. Its my guilty pleasure. We just click & SHE RUNS I am also Canadian - that can be my excuse. Looking to hit up from the lower 1.46xx area & hedge into a short swing - too early to tell exactly where but somewhere above 1.0485 On the grand scale we are at a point of potential trend change - If things line up, this could be a...

Scott_The_Chartist

The dollar had quite a strong close to the week, finishing just inside an area in which we could see some reversals. I say a couple bobbles early next week around this area, down towards 101.4 (maybe a nice sweep) followed by a move higher through the end of May towards 104.5 Happy Trading - Stay Agile

Scott_The_Chartist

Large pullback with BTC and judging by the looks of this setup, we're coming down for a large decision. I would lean towards "Y", but we'll see when we get there Happy Trading - Stay Agile

Scott_The_Chartist

EURGBP is approaching a high conviction area with EMAs, Fibonacci's, key levels, trend & volume profile lining up. Through next week the 0.87 to 0.8675 area could provide a landing pad for the current move down to reverse. Keep an eye on price action in that zone. Gets a little dicey above - personally Ill be waiting for data above 0.90 with only a small...

Scott_The_Chartist

We hit the 131 zone as expected this week. Bearish RSI divergence and decreasing volume were good confirmations to enter the trade Due to the timing and the looks of the DXY we may be in for another pullback before we continue on the trend down. But so far its looking like we are continuing trade-gectory. Happy trading - stay agile

Scott_The_Chartist Updated 

Revised my levels a little over the weekend. Thinking a pullback to retest around 1.07 levels will seen later through the week. Lots of confluence with the key levels/fibs, structure, EMA, volume and trusted trend. Idea is broken with a solid close below 1.095 or out of the trend on the bottom end - but I believe we should stay in this channel for at least one...

Scott_The_Chartist

With USDJPY the zone around 131 could provide some resistance to push down lower below 127. We are at another important point of control left from the way up - historically loosing these broad POC's has made for a strong push down in the trend. Potentially this third push would be a large enough move to break below the 124 mark Happy trading - stay agile