matthewhollinger

matthewhollinger

- Before anything, I would like to say the less aggressive way to take this position in my opinion would be to wait for this to break and retest the lower high/previous resistance, as shown in the chart. - RSI oversold on 1H time frame - Most likely will need to correct on the 4h timeframe, possibly to the 20 period moving average on 4H (again, high risk unless...

matthewhollinger

- LT bearish structure shows no signs of reversal, trading lower time frame trend - 4H MA crossover 20&50 - Entry chosen at fib level + previous low - Quick trade, relatively small stop loss making it relatively high risk

matthewhollinger

- I wouldn’t be surprised to see USDCAD going more in the bearish direction on higher time frames. That being said, this trade is an attempt to counter trend trade under the assumption USDCAD will retest to the upside, then continue down. Why is it moderate-high risk? _____________________________ -USDCAD May continue to go bearish without retesting to the...

matthewhollinger

- EURUSD has started a correction phase already, but rejected before it hit the bottom of the trendline - EURUSD’s previous tap on the trend line didn’t end with a higher high, but instead a lower high - I expect to see some more bearish pressure once EURUSD hits the entry level as shown on the chart

matthewhollinger

- We saw USDCHF retest a major level and push to the downside a few weeks ago. - We are now seeing a pull back to the upside. I am calling this a possible higher low. - It is also the 0.5 level on the daily time frame. I have a pending order placed at 0.92039, as I think there will most likely be an increase of bearish pressure at this level.

matthewhollinger

- Although not confirmed yet, Ethereum started a strong rejection of it's previous high, and it's 50 period moving average. - In my opinion, it's likely we will see higher highs and higher lows on the 4h time frame within the upcoming weeks. - If that's the case, in my opinion, it will likely slowly continue to the upside, a bull run to the $300s is likely.

matthewhollinger

In my opinion, EURUSD will most likely continue in the bullish direction on the daily and 4h time frames. Not financial advice, this is just one of the trades that I will be taking in the upcoming week, assuming the market retests the way I would like it to. That being said, in my opinion, EURUSD is looking pretty clean, and I would expect to see some bullish...

matthewhollinger

As USDCHF approaches a key area of value, it is likely we will see a rejection to the downside at this level.