joeyvalentino

joeyvalentino

time to go short, sell limit @ 1.19 or get in now and use proper risk management link to related idea below

joeyvalentino

I believe that NZD will rally for a short time more before breaking down into bearish momentum. this is a really nice position because if you take a look at my markup and then you go to the weekly timeframe the market structure i just super ideal for this so be a short. this is a lower low and shorting into a lower high that is in confluence with market structure...

joeyvalentino

playing this one purely on basic technicals and market structure... short at .93, bullish momentum died down, this area has been respected multiple times... tp1 at .9 which has been an area of relevant market structure. and tp2 at .87 market support. simple.

joeyvalentino

NZD had weak performance last week. i like this setup because technicals broke recent weekly lows and created newfound resistance. on the weekly time frame the resistance trendline is well respected is in nice confluence with a few indicators i point out in the markup, looking for this trade to setup nicely for a short

joeyvalentino

Simple. Playing off supply and demand, haven’t looked at a crypto chart in a while, taking a mere gander

joeyvalentino

Pretty simple, shorting price to the next support level

joeyvalentino Updated 

rejection at 2.0 but price has failed to see any bullish momentum really past 1.9... divergent on the RSI... in addition to lower highs and lower lows being formed on the divergent potential reversal pattern. Looking to short into a retest of resistance for best risk to reward position. TP1 at range support and TP2 at swing low to high 61.8 retracement zone.

joeyvalentino

Ok so I would have gotten in at peak (5) however i missed it, so now i am looking for an opportunity to re enter. Wave (4-5) is the most recent swing, currently price has dropped to what would be a notable supply nd demand zone that is in confluence with 61.8% retracement zone of that wave... that said i would idelly like to see a small bear rally here as price...

joeyvalentino

Super Simple setup, price rejected at market structure, no swing lows created on relevant market structure... looking to capitalize on Kiwi weakness and CHF rally in current market climate. unclear as to the full completion of the move but pased on basic TA i am looking to play the descending channel that is currently painting. could even consider taking TP3 t...

joeyvalentino

Due to not having been able to actively post because of account issues I am posting this kinda late, but yea i have the screenshot of this on my phone from when i originally drew up the markup. LOL but regardless, looking at this head n shoulders looking pattern. price respects the .7 Psych Level almost to a tee and and creates the obvious Lower Low right...

joeyvalentino

Price respects .74 Psych Level as Bullish momentum seems to be fizzling out signaled by a Lower High that pulled back below the 50 EMA in confluence with a 61.8 retracement as price rejected. RSI show price pulling below the stationary 50 and the pullback to the s50 is also a good way to find a solid entry. looking to take price to fib extensions that are in...

joeyvalentino

this is a setup based on a continuation of the ABC Corrective Wave pattern. As you can see price has made a 61.8% retracement since failing to break the 1.0 psych level. this retracement level is in confluence with the bearish channels resistance. In addition the rally is also a pullback to the RSI S50 which i look for when looking for low risk high reward setups...

joeyvalentino

Looking to catch the rest of this move. Super clean looking low basing pattern. Divergence on RSI indicated to me that price is still getting weaker as it is being forced well below the 50 SMA. {rice is also respecting the descending trendline and the CCI is showing sign of downside breakout momentum building up as it continue to weaken below the -100.

joeyvalentino

Not even going to lie, definitely tried chasing this setup for a little bit now. previously was expecting CADCHF to just weaken but now i see that it will more than liukely pull back up to around 7.6... historically this level has been heavily respected so i am entering a sell limit order with a stop loss above 1.618 fib retracement based off the most recent wave....

joeyvalentino

One of my favorite setups... super simple, price has reached the descending resistance trendline on this channel. it is in confluence with the 61.8% fib retracement. i have had my eye on this setup for the last 2 days and because price has experienced rejection and held at this level i am now in this trade.

joeyvalentino

Looking for price to weaken as it approaches this relevant bearish resistance trendline. Looking for some consolidation right around 1.9 because this particular pattern seems to have more room to run and potentially even overextend... causing drawdown so ass of right now this is an idea to keep an eye out on and enter in a really low risk position and not to rush into

joeyvalentino

Been eyeing this pair for a while now, I have reason to believe there is weakening in price going on if you look at the RSI there is is divergence as price tried gain bullish momentum... price tried to break out of bearish trendline resistance but was forced back under. I see price continuing to weaken and move down. this re entry opportunity is ideal because the...

joeyvalentino

Price lost bullish momentum around 1.0, tried to come back but failed and is now in the formation of the right shoulder of the corrective A wave.... I used the Elliot wave pattern to better understand what price is doing here and to express my belief perspective of weakening in price. Not only did price face rejection near a key psych level of 1.0, but it is also...