The Mighty $DXY - A Bull with a sustainable infinite uptrendLadies and Gentlemen Traders of all legal ages please I Implore you to please DYOR. Okay lets get a little technical from what can be seen the cci indicator is showing that its starting to go above -100 for me its a confirmation that 89 is history The RSI indicator as well is showing bullish signs. Folks hope this could of being of some help hit the like and leave a comment. Happy hunting Im shorting the EURO. Long live Stimulus pumps lol
Fibs
BTCUSD: A Potential Move HigherBTCUSD
Bias – bullish
Reference timeframe – 12H
Entry timeframe – 30M
Entry order type – limit
BTCUSD has been working the 30-40k range , with quite a substantial volume traded in the midpoint of that. If bulls manage to absorb the selling in this range, another round of marking up the price is expected. Seems reasonable to be looking for limit long entries on lower timeframes.
Gold Finding Support Hello Traders
If Gold Closes below the Resistance level, then Gold will need to retest a Fibonacci level in order to get back onto its bullish trend but for now its safer to catch the bearish movements in the market as of right now. So selling would be the safest bet, riding until one of the Golden Fibs are hit!
EURUSD POSSIBLE TRADE IDEAAfter a swift pullback on the 21st, the Daily chart created a pinbar with a massive wick that was filled today (22nd).
Price as you can see has moved into my zone, which lines up perfectly with the 0.79 fibonacci retracement that you can pull on the 1 or 4hr chart. I believe that with bearishness on the DXY, EURUSD could trade higher, targeting the buyside liquidity as indicated on the chart.
MUST SEE! LINK/USD To This Price!?! Here's How...Welcome everyone,
My name is Schyler with NewWave Traders. NWT is a movement in Elliott wave and trading education, a movement in creating independent and profitable traders, and a movement in lifestyle. I've been a full time trader since 2017 in the crypto markets and I help traders create a full time income for themselves without working the full time hours by mastering a proven Elliott Wave trading system that will allow you to trade on your time and live the life you deserve. Hit the follow & like button if you'd like to make it a reality. I've helped hundreds of traders just like you make it a reality for themselves. Looking forward to helping you create your success story and life. It's 100% possible!
Let's Talk LINK/USD
So this baby is staring at a dark scenario to $6, however depending on what side of it you are on that could be very profitable as well.
If you follow my style of trading and system I'm very big on acknowledging both counts to the market so we can be prepared for either scenario.
But we also have to pick a side, so we have had a short setup on LINK since 13.10, which is standing up about 10% at time of writing.
So the bearish invalidation is going to be surpassing previous high at 14.88. Until then downside potential seems strong.
Let's also talk about the upside potential. If downside count is invalidated at 14.88 basically, then that's where we should also know where the upside potential lies. It's hard to deny that LINK's current climb in the ascending channel has been corrective, it had the opportunity and dropped the ball, so if we're going to move higher it will have to be as a complex structure and we should likely look for a 1:1 extension in the green count that takes us to 25.74. In this case it'd have to be a running flat at most and then take us higher.
Multiple ways to trade the intraday on this as it plays out in either direction. Follow along to keep updated with the count and for more info check out my signature tag below.
To your success,
Schyler
EurJpy headed towards the SKY?Follow for more analysis.
1:4H/1H: Market in a bullish run making HH/HL.
2:Market broke previous HH and now retesting it at level 123.000.
3:Looking left 123.000 level has been holding the price strongly(in past).
4:Big bullish candle showing strong buyers in the market.
5:Market at 61% level of fibs(golden ratio).
6:Now let the market break structure on 1H TF as well for more conformation
7:Or let 123.400 minor level break on 4H TF or limit can be set at the level.
8:Wait for Bullish engulfing or pin bar or any strong candlestick pattern.
9:Setup may perform next week.
Note:this is not a signal, the purpose is solely for education and understanding.
:Trade at your own risk.
MSFT - Trend Analysis and Binary Options TradeWe've been making higher highs and higher lows on the daily chart. BULLISH.
1) If we can't hold above 0.382 fib at $210, I'm buying 12/04 $205 PUTS. Once the lower support keeps $206 in play, 12/04 $210 CALLS. If the lower support fails, then the good news is; we've already got our puts :)
2) If the upper support keeps us above $210, 12/04 $217.5 CALLS. We will most likely retest the 0.786 fib in this scenario.
EURAUD - STILL A CHANCE EURAUD didn't quite reach our previous buy limit annoyingly as it has flown since our last analysis! but that's forex so don't just trade because you've missed out be patient. We can now see a slight retracement on the pair allowing us to get into a short term buy. A little lower than the 50% fib we can see a nice support level that we can use as our next level of interest. Let's see how we get on this time round.
USDCHF: Structure Short
USDCHF reached a strong 4H structure resistance.
the price formed a sequence of dodji candle on that.
on 1H the price has been coiling within a narrow consolidation trading range for many hours and just recently broke and closed below its support.
I took short trade on a retest.
goals:
0.913
0.9118
Long term UJUJ is currently breaking out this descending line, could be a false breakout or a retest of the trend line. Personally I believe it's a false breakout. A clear break out of the 107.00 mark should change the trend and bring back the ninja to the previous levels of 110.00-112.00
Resistance levels at the moment are: 106.00 (psychological level)
106.40/106.50 (50% fibs retracement)
107.50 (38.2 retracement)
Let me know what you think :)
XAUUSD - Possible ScenarioClear as day! Price broke really strong support on the daily chart! and we are retesting that support as resistance + we are rejecting those fibs levels from a daily prespective.. probably next week the big move will be sell.. but still you never know so keep on eye on that too
NZDCHF: Potential Harmonic Bat Patter & Swing Trade
NZDCHF, for now, is unstoppable.
the pair keeps falling without pullbacks breaking key daily levels.
the next safe buy zone will be 0.5964 - 0.5934.
this area is based on a horizontal daily structure, 618 retracement of the major bullish leg, and completion point of a harmonic bullish bat pattern.
from that zone I will expect a pullback at least to 0.6024 level with a potential continuation to 0.607
good luck