Next 3 Days Green $ARCSARCS if the merging company is literally any of the ones I’m thinking of we are talking .25 plus this next week instantly with a day this run hasn’t even started yet !!!
Major
XRP At A Crossroad & The Devil Wants To Deal Needs to break above .52 to begin a new uptrend.
Breaking below .485 could send us towards .45 then .40.
I even can see a case for a retest at .33-.34 in a worst case scenario.
However, if 2017 taught anything is once XRP begins to climb a short strategy is a quick way to get rekt. The true short trade was weeks ago in the .70c region.
Certainly there will be pull backs with volatile opportunities but in regards towards the macro trend I think the party is far from over.
2021 year of global change.
Cash is trash. "They" said it not me.
First potential short entry on AUDUSD as it holds 0.7369
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
We'll see if USDJPY will go upIt seems that for some time in the future we expect to be able to buy USDJPY , because it can be seen from the displayed chart, there has been confirmation at the price of 104.022 touching the 61.8% Fibonacci retracement level (Fib 1).
Dollar index stalls at the 92.2 levelNo directional bias at this point, but how it plays around this level may hint at momentum plays on the major pairs for the weak ahead.
Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions.
NZDUSD- Breakout loomingAs I spoke about we have broken out of this descending trendline, creating a higher high, we can now see this flag pattern which price is respecting at the minute, once we have a breakout of this I will look for an aggressive entry to go long.
NZDUSD- 9% SHORT OPPORTUNITY UPON DAILY CLOSEWe can see price is now changing trends as we have confirmed a lower low and we look to be confirming a lower high here in this confluence zone (50% fib level, and structure level) after we have fallen out of this ascending trendline.
EUR/USD 1HJust testing a strategy with this pair, a lot of confluences suit longs around the given zone.
Buying the bottom on EUR/USD.Hey, I am back with another Forex idea, this time looking at EUR/USD.
EUR/USD is trading in range from 1.17500 to 1.8700 for over a month and since we have daily EMA's (20,50) uptrend and 4H EMA's (200,50) uptrend, the most logic thing to do is to Long the bottom!
TP1 is slightly below 1.8100.
I am buying this current dip with a small stop loss.
Good luck with this trade!
Tibor
GBPUSD- SELL HERE, POTENTIAL 9%We can see price has moved very impulsive since the Breakout of the ascending TL, however we are now in an area of interest, we have to 50% fib level, previous lows acting as resistance, we can see a double top and a bearish wick candlestick to confirm this entry. The only timeframe this doesn’t look good on is the 15m, however these higher TF’s are much more powerful in my opinion.
NZDUSD- push higher looks VERY promisingThere looks like there is a lot going on in this chart, ok so let me break it down for you.
With correlation to my DXY weakness bias this pair is screaming for a move higher, technical are also on point.
I took a long from the Breakout of the recent descending TL and bagged 5%, since then we have seen price push up higher however it is now very corrective and at a few places of interest. We are on a subjective support level (ascending trendline), also at the 50 fib retracement, a minor structure level in price as we can see this level held nicely on Thursday and Friday, we are also at the 50EMA and price is stalling.
My plan is not to trade Mondays as I see to many false moves, however I will be looking for an entry tomorrow morning.
3 Rising Valleys on USD Currency Index (DXY)Hidden bullish divergence after a 3 rising valley formation and coinciding decade-long critical up-sloping support on the DXY could indicate a major reversal, or alternatively major break to the downside to re-test the all time lows.
US DOLLAR MAJOR BOTTOM MOVE TO A 90 % NET LONG US $ MARKET A decline has been ended in the correction of the us $ a major low is in place moving to a net long us $ and all us and world stock market nearing the protection target of 3618 and cycle peak was due aug 25 /9187 high to sept 10 focus on sept 4 1929 high three spirals in time and two wd gann date move to a net 100 cash look for a last rally or and abc rally to fall short on most index
sell sell sell!Price is currently in a down trend, there is a minor pullback which shows that its making lower highs & lower lows:
confluences:
-prices hasn't yet exceeded the resistance level and has diverged of the trend line.
-candles remain lower than the MA.
#XEM $XEM buy call Target 2X Mainnet SoonBuy and hodl or stake
Soon move
Release
Testnet and Mainnet launch soon
Looking for BreakoutSimilar to a lot of price action in many markets of late, this market has stalled below a key level.
Price on the daily chart in recent times has been in an up-trend, but it has not yet been able to break this major resistance level.
This level looks key and if it gives way it would pave the way for breakout trades and quick intraday breakout and retest trades.
NZD/CAD - SELL 1) Change in market structure with price forming LH along with long wick candle rejection
2) price was in a bearish channel ( HFT correction phase)
3) Price touched weekly downtrend line (major Zone)
4) Horizontal resistance
5) Price broken out of LFT correction at 1hr time frame
6) Mini HSD pattern with price retesting the neckline in a 15mins bearish channel
7) Divergence
Another major Bitcoin Diagonal being tested.Major diagonal with 1-3 year consolidation on the verge of potential breakout.
"micro trends" or miniature up trendsniature up trends
Every major trend is going to have one thing in common
A series of higher high and higher lows, or a series of lower highs and lower lows.
Once you understand how to identify these trend patterns and the overall direction of a market, you can catch a move and stay in for a much larger trending move
You can apply this type of setup to intraday and end of day trades.
If you are having a hard time finding the trends, take a step back and look at the major turning points, are they going up or are they going down
A lot of times traders get caught up in the noise of the markets and lose focus, but the market is always going to tell you where it is heading
Do not worry about finding the top or the bottom, we are going for the middle 80%..
That is where the money is at
Once you enter into this type of trend following trade.
You manage stops by trailing them just behind the highest high or lowest low
This will guarantee you stay in trade as long as the trend continues your direction
If a previous high /low is broken, the the market is entering consolidation or reversing
Now that you know how to identify what a trend is, you will start to see"micro trends" or miniature up trends, within the context of major down trend or miniature down trends, within the context of major up trend.
These micro trends often times give us great entry opportunities to jump back in when a major trend resumes its original direction
When you see a short-term series of higher low, higher high, within the context of a major down trend, draw a trend line connecting the lows. When the trend line is broken, you enter short.
When you see a short-term series of lower high, lower lows, within the context of a major up trend, draw a trend line connecting the highs, when the trend line is broken, you enter long.
NZDUSD back to the previous channel?The uptrend was long and clear before to break the resistance at 0.62624, pushing up the price over the EMA 200. The price started to collapse breaking again on the support at 0.64130. This range, that we called action area is for us the best section to entry short reaching the TP1 and TP2 (only if the market will break the support at 0.62624).
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Enjoy Traders!
GMPinvestors
