BTCUSD Inception day, 17-1-2020. Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
Dashed lines; Possible forming patterns
Solid lines; Confirmed patterns / Support or Resistance
Dotted lines; Possible price-action trajectories / wave trend
Lighten colors = Support | Darken colors = Resistance
' I’m trying to free your mind, Neo. But I can only show you the door. You’re the one that has to walk through it. '
~ Morpheus, The Matrix ~
With that having quoted, this is my way of keeping order in the chaos. I call it, "Pattern Formation Level(PFL)":
Alpha > Beta > Delta > Echo > Gamma > Theta
Explanation PFL:
This is an additional stage of usage of the pattern formations. Some level of experience in pattern formations is required. You can also ignore this part and head straight to 'Today's Note', just read the patterns between the brackets.
Alpha; ST / Bullish Pennant pattern formation, a.k.a. "The End Game", a.k.a. "The Big Long". (Daily and higher time-frames)
Beta; Most recent relevant and biggest forming pattern within The Alpha forming pattern. FW / DC. (4-24 hour time-frames)
Delta; Most recent relevant forming patterns within The Beta pattern. (4-8 hour time-frames)
Echo; Most recent relevant forming patterns within The Delta pattern. (1-4 hour time-frames)
Gamma; You get the picture... (10-60 min. time-frames)
Theta; Do not thread these treacherous waters. At least for master level TA skills or higher. (10 min. and lower time-frames)
Eventually the PFL's are all connected. Gamma patterns combines into Echo pattern and Echo patterns combines into Delta patterns etc. Until the Alpha patterns has been formed. I'm not calling it just the Alpha for dominance in size. For as this pattern, is, the Alpha and Omega. Which will end current market cycles and start anew. From time to time, I might thread the secret level when I'm feeling gutsy.
Additional advantage of the PFL system is, when you have to determine whether a certain pattern will have its usual breakout direction.
By inserting pattern formations in the PFL as parameter. This makes it easier keeping track of which pattern formations are relevant to the current TA and entry or exit strategies.
It might be hard to learn, but it is certainly easy to master. As a programmer and I like playing chess, as result to my TA. I like to look ahead as far as possible. This is only doable, if you have reasonable reliable trends to follow. In time, as I gain experience in the markets. My TA skills evolves and in parallel my systems and indicators.
-------------------------------------
Current Alpha patterns:
The End Game: Symmetrical Triangle 1st confirmations support & resistance establish, still in progress.
Current Beta patterns:
Falling Wedge/Descending Channel currently breaking out, might evolve into a Descending Broadening Wedge
Current Delta patterns:
Rising Wedge, 2nd confirmation of resistance established. But this might not breakout to the usual breakout direction of this pattern due to the Beta pattern's break out trajectory.
Current Echo patterns:
Symmetrical Triangle, broke out to the upside. Possibly following the Beta pattern's breakout trajectory.
Current Gamma patterns:
This level is currently too dangerous to trade. Greater patterns might break out or follow its trajectory.
Current Theta patterns:
This level is currently too dangerous to trade. Greater patterns might break out or follow its trajectory.
Today's Note:
Well, if bitcoin keeps doing what I ask for, then I'm forced to keep pumping more funds at the dips. Keeping it short today, since my strategy hasn't changed. More updates during the day when something significant happens or worth mentioning.
To be concluded...
Current Targets:
Exit long position / Entry short position target: $9.6K - $10.3K regions.
Tip's/FYI:
People = Psychology > Patterns > Indicators > Fundamentals. Nonetheless, all is crucial. Psychology? When you observe a chart. Ask yourself who's the most in pain? Bears or Bulls?
Watch & learn from experienced traders and discover your style of TA. Hence develop this, imitating will only get you as far.
The most accurate trend indicator when using logarithmic, are the; Relative-, Exponential-, Weighted-, Simple- and regular Moving Averages. At least use Heikin Ashi candles if you don't like MA's and vice versa or using both might be even better. The algorithms of these indicators adepts to logarithmic variables visually. Linear tools and pattern formations obviously do not for that matter. Since it doesn't concern logarithmic variables.
The trend is your friend!
Pattern Formations is the most accurate method, when it comes to observing the behavior of buyers and sellers. If you don't understand this, don't be lazy and google. Learn this as basics, pattern formations are ideal to combine with other methods.
Why I use the body instead of wicks when drawing patterns? Because I like to(and you should also) switch up between lines and candles and I hate to constantly change the properties... If you're an experienced analyst, you'll know this is a pain in the a... Nevertheless crucial. Figuring this out and looking at the charts with different perspectives, will give you more confidence finding the possible trends regardless of the method.
Let the markets force you into a trade, not the other around.
-------------------------------------
Epilogue:
Hopefully in time and it would be my honor, when other analyst implement at least some of my systems, methods and techniques into their TA. Henceforth bringing their TA skills & abilities to the next level. I have taken a lot of information from this community. However I believe. When you take, you should also share. After all, knowledge and experience are the most valuable things in life. This is why I share my daily TA. Hopefully other will learn from it, but never use someone else's TA. Always do your own do diligence before even considering trading.
If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance. If you're worthy I'll follow you back!
In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*). Please leave a comment or DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
Technical-analysis
EOS is going to reverse. The end of the global DowntrendDear Ladies and Gentlemen,
Breaking up of bearish trend line and signals from our momentum strategies for long trades are coming on weekly EOS/USD chart.
We suppose it's end of bearish trend for EOS. There is begin of new accumulation for global upmove.
If this post was useful for you - please leave your likes and follow us on social networks! If you don't agree - write your vision in comments.
Best regards,
FOBS Team
BTCUSD Inception day, 15-1-2020. Long term forecast.Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
Dashed lines; Possible forming patterns
Solid lines; Confirmed patterns / Support or Resistance
Dotted lines; Possible price-action trajectories / wave trend
Lighten colors = Support | Darken colors = Resistance
' I’m trying to free your mind, Neo. But I can only show you the door. You’re the one that has to walk through it. '
~ Morpheus, The Matrix ~
With that having quoted, this is my way of keeping order in the chaos. I call it, "Pattern Formation Level(PFL)":
Alpha > Beta > Delta > Echo > Gamma > Theta
Explanation PFL:
This is an additional stage of usage of the pattern formations. Some level of experience in pattern formations is required. You can also ignore this part and head straight to 'Today's Note', just read the patterns between the brackets.
Alpha; ST / Bullish Pennant pattern formation, a.k.a. "The End Game", a.k.a. "The Big Long". (Daily and higher time-frames)
Beta; Most recent relevant and biggest forming pattern within The Alpha forming pattern. FW / DC. (4-24 hour time-frames)
Delta; Most recent relevant forming patterns within The Beta pattern. (4-8 hour time-frames)
Echo; Most recent relevant forming patterns within The Delta pattern. (1-4 hour time-frames)
Gamma; You get the picture... (10-60 min. time-frames)
Theta; Do not thread these treacherous waters. At least for master level TA skills or higher. (10 min. and lower time-frames)
Eventually the PFL's are all connected. Gamma patterns combines into Echo pattern and Echo patterns combines into Delta patterns etc. Until the Alpha patterns has been formed. I'm not calling it just the Alpha for dominance in size. For as this pattern, is, the Alpha and Omega. Which will end current market cycles and start anew. From time to time, I might thread the secret level when I'm feeling gutsy.
Additional advantage of the PFL system is, when you have to determine whether a certain pattern will have its usual breakout direction.
By inserting pattern formations in the PFL as parameter. This makes it easier keeping track of which pattern formations are relevant to the current TA and entry or exit strategies.
It might be hard to learn, but it is certainly easy to master. As a programmer and I like playing chess, as result to my TA. I like to look ahead as far as possible. This is only doable, if you have reasonable reliable trends to follow. In time, as I gain experience in the markets. My TA skills evolves and in parallel my systems and indicators.
-------------------------------------
Current Alpha patterns:
The End Game: Symmetrical Triangle 1st confirmations support & resistance establish, still in progress.
Current Beta patterns:
Descending Channel or Falling Wedge has broken out, possibly evolving into a Descending Broadening Wedge
Current Delta patterns:
Ascending Broadening Wedge breaking out to the upside. Following greater pattern's trend trajectory.
Current Echo patterns:
Symmetrical Triangle, small breakout. Triggering as a contributing factor of breakout of the Beta pattern. At least It certainly helped.
Current Gamma patterns:
This level is currently too dangerous to trade. Greater patterns might break out or follow its trajectory.
Current Theta patterns:
This level is currently too dangerous to trade. Greater patterns might break out or follow its trajectory.
Today's Note:
I've seen it many times. Patterns evolving into another pattern. However, I'm still wondering if my prediction of 14th October 2019 will still play out.
Currently I'm very bullish. I reckon BTCUSD is on its way to get rejected by the resistance of the Alpha(ST) pattern formation. Once again a greater pattern overrides the most probable breakout direction of a lesser pattern. However hold your tits, because I reckon BTC is going to get rejected harshly by the bears. I want to see the bulls reaching all time high's at least above $14K until we can confirm that the bulls are back in control. Although this might only start, once we have retested the support of the Alpha(ST), hence bounce back up. As you can see on the price action chart. There are a lot of bullish sign that can trigger a big breakout, finally reaching new all time highs. I reckon the next stop will be approx. $29K-30K region. This is when I reckon, old markets cycles ends and start anew. We know one thing for sure, what goes up, must come down and vice versa as most people forget.
To leave on a positive note, I reckon people haven't missed the boat yet! There might still be a beautiful opportunity coming towards us, especially for our HODL-ers. Said this to someone before, "Eventually, we are all in this together". If you can think far enough, you'll know this make sense in many diverse rational ways.
To be concluded...
Current Targets:
Exit long position / Entry short position target: $9.6K - $10.3K region
Tip's/FYI:
People = Psychology > Patterns > Indicators > Fundamentals. Nonetheless, all is crucial. Psychology? When you observe a chart. Ask yourself who's the most in pain? Bears or Bulls?
Watch & learn from experienced traders and discover your style of TA. Hence develop this, imitating will only get you as far.
The most accurate trend indicator when using logarithmic, are the; Relative-, Exponential-, Weighted-, Simple- and regular Moving Averages. At least use Heikin Ashi candles if you don't like MA's and vice versa or using both might be even better. The algorithms of these indicators adepts to logarithmic variables visually. Linear tools and pattern formations obviously do not for that matter. Since it doesn't concern logarithmic variables.
The trend is your friend!
Pattern Formations is the most accurate method, when it comes to observing the behavior of buyers and sellers. If you don't understand this, don't be lazy and google. Learn this as basics, pattern formations are ideal to combine with other methods.
-------------------------------------
Epilogue:
Hopefully in time and it would be my honor, when other analyst implement at least some of my systems, methods and techniques into their TA. Henceforth bringing their TA skills & abilities to the next level. I have taken a lot of information from this community. However I believe. When you take, you should also share. After all, knowledge and experience are the most valuable things in life. This is why I share my daily TA. Hopefully other will learn from it, but never use someone else's TA. Always do your own do diligence before even considering trading.
If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance. If you're worthy I'll follow you back!
In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*). Please leave a comment or DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
Monero shows bullish signals. End of the downtrend for XMR/USDDear Ladies and Gentlemen,
As for EOS as for XMR/USD on the chart you can see breaking up of bearish trend line and signals from our momentum strategies for long trades are coming on the weekly chart.
We suppose it's end of bearish trend for XMR. There is begin of new accumulation for global upmove.
If this post was useful for you - please leave your likes and follow us on social networks! If you don't agree - write your vision in comments.
Best regards,
FOBS Team
Litecoin Technical Analysis. Medium-term prognose.today we would like to provide long-term analytics of the ltc/usd pair. At the moment, trendline and momentum strategies show a downtrend and short sales. In the current situation, we consider 3 price levels that will potentially become a support level for future accumulation. For each of the levels, the extreme dates of the crossing of the trend line up are indicated.
The proposed levels are in the price range of 22-30-40 dollars.
Based on the above prices, we can suppose the end of a downtrend that began in the second half of July 2019:
1) 40 usd/ltc - Februar 5, 2020
2) 30 usd/ltc - March 27, 2020
3) 22 usd/ltc - May 22, 2020
However, earlier purchases are also possible, which will cause a break through the trendline .
At the moment, the overbought stochastic during the current downtrend shows a high probability of continued downward movement below 40 usd / ltc.
If this post was useful for you - please leave your likes and follow us on social networks! If you don't agree - write your vision in comments.
Ethereum Technical Analysis. When ETH will go up?Dear ladies and gentlemen,
today wewouldliket provide long-term analytics of the eth/usd pair. At the moment, trendline and momentum strategies show a downtrend and short sales. In the current situation, we consider 3 price levels that will potentially become a support level for future accumulation. For each of the levels, the extreme dates of the crossing of the trend line up are indicated.
The proposed levels are in the price range of 80-100-120 dollars.
Based on the above prices, we can suppose the end of a downtrend that began in the second half of September 2019:
1) 120 usd/eth - March 1, 2020
2) 100 usd/eth - April 20, 2020
3) 80 usd/eth - June 10, 2020
However, earlier purchases are also possible, which will cause a break through the trendline.
At the moment, the overbought stochastic during the current downtrend shows a high probability of continued downward movement below 120 usd / eth.
If this post was useful for you - please leave your likes and comments, and also follow us on social networks!
BTCUSD Inception Day 7-1-2020, Special UpdateGreetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
Dashed lines; Possible forming patterns
Solid lines; Confirmed patterns / Support or Resistance
Dotted lines; Possible price-action trajectories / wave trend
Lighten colors = Support | Darken colors = Resistance
' I’m trying to free your mind, Neo. But I can only show you the door. You’re the one that has to walk through it. '
~ Morpheus, The Matrix ~
With that having quoted, this is my way of keeping order in the chaos. I call it, "Pattern Formation Level( PFL )":
Alpha > Beta > Delta > Echo > Gamma > Theta
Explanation PFL:
This is an additional stage of usage of the pattern formations. Some level of experience in pattern formations is required. You can also ignore this part and head straight to 'Today's Note', just read the patterns between the brackets.
Alpha; ST / Bullish Pennant pattern formation, a.k.a. "The End Game", a.k.a. "The Big Long". (Daily and higher time-frames)
Beta; Most recent relevant and biggest forming pattern within The Alpha forming pattern. FW / DC. (4-24 hour time-frames)
Delta; Most recent relevant forming patterns within The Beta pattern. (4-8 hour time-frames)
Echo; Most recent relevant forming patterns within The Delta pattern. (1-4 hour time-frames)
Gamma; You get the picture... (10-60 min. time-frames)
Secret Level; Do not thread these treacherous waters. At least for master level TA skills or higher. (10 min. and lower time-frames)
Eventually the PFL's are all connected. Gamma patterns combines into Echo pattern and Echo patterns combines into Delta patterns etc. Until the Alpha patterns has been formed. I'm not calling it just the Alpha for dominance in size. For as this pattern, is, the Alpha and Omega. Which will end current market cycles and start anew. From time to time, I might thread the secret level when I'm feeling gutsy.
Additional advantage of the PFL system is, when you have to determine whether a certain pattern will have its usual breakout direction.
By inserting pattern formations in the PFL as parameter. This makes it easier keeping track of which pattern formations are relevant to the current TA and entry or exit strategies.
It might be hard to learn, but it is certainly easy to master.
As a programmer and I like playing chess, as result to my TA. I like to look ahead as far as possible. This is only doable if you have reasonable reliable trends to follow. In time, as I gain experience in the markets. My TA skills evolves and in parallel my systems and indicators.
-------------------------------------
Current Beta patterns:
FW/DC is about to break out. It already broke through resistance. But daily needs to close above, before we might see more rising movements.
Current Delta patterns:
DT Unusual break out to the upside or followed the Beta patterns trend trajectory overriding every usual expected breakout direction.
Beta pattern breaking through resistance, this level is currently obsolete.
Current Echo patterns:
Beta pattern breaking through resistance, this level is currently obsolete.
Current Gamma patterns:
Beta pattern breaking through resistance, this level is currently obsolete.
Current Theta patterns:
Beta pattern breaking through resistance, this level is currently obsolete.
Today's Note:
This is a moment I've been waiting for since 14th of oktober, see related idea below. Honestly didn't expected it to happen, but it is definitely possible. If bitcoin closes its daily candle above the resistance of the Beta(FW/DC) pattern. We might see the current one evolve into a DBW. Thus, we might get a short-term bull run. I'm waiting for EMI for bullish reversal signals. Then I'll enter a long position. Otherwise make strategies for short position.
To be concluded...
Current Targets:
Exit long position / Entry short position target: $8.5K - $9.5K region.
Tip's/FYI:
People = Psychology > Patterns > Indicators > Fundamentals. Nonetheless, all is crucial.
Watch & learn from experienced traders and Discover your style of TA, hence develop this. Imitating will only get you as far.
The most accurate trend indicator when using logarithmic, are the; Relative-, Exponential-, Weighted-, Simple- and regular Moving Averages. At least use Heikin Ashi candles if you don't like MA's and vice versa or using both might be even better. The algorithms of these indicators adepts to logarithmic variables visually. Linear tools and pattern formations obviously do not for that matter. Since it doesn't concern logarithmic variables.
-------------------------------------
Epilogue:
As you may I have noticed, I trade a lot of times. This is only possible when you have honed your TA skills.
Hopefully in time and it would be my honor, when other analyst implement my systems and techniques into their TA. Henceforth bringing their TA skills & abilities to the next level. I have taken a lot of information from this community. However I believe. When you take, you should also share. After all, knowledge and experience are the most valuable things in life.
If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance. In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*). Please leave a comment or DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
EURNZD LONG IDEAHello traders!
Welcome to the new trading season of 2020!! I wish you a happy new year and a lot of success on your trading journey. The focused trading opportunity of the new week is EURNZD LONG TRADE.
EURNZD Daily:
On the daily, you can perfectly see how price found a supportive region (demand zone) after a meltdown of 1000pips!!!. I believe it is time for a retracement to the upside. Scaling down to the lower time frames such as 1hour, we have several LH's and HH's. I do want to see the push down to the hourly trend line confluences with the Fibonacci retracement 0.705%. If we can get a nice rejection of the market region, we can take a long trade to the marked TP levels.
Have a good one!
-----------------------------------
OUR FREE TELEGRAM: t.me
DISCLAIMER:
Technical analysis is for the educational porpuses if you will take the trade, take within your own analysis and your own opinion.
Kind regards,
ETGFX Team
Silver Long After breaking out from the descending wedge we got stopped at the 0.5 Fib level- 1st yellow arrow -
Some profits taken there , I was hopping we will retest back on the top of the wedge , but it seems that we are forming a bull flag,
Measure move up will be the length of the pole and that will send us straight to the 0.786 Fib level- third yellow arrow -
There is though some significant volume exchanged on levels before that in the past and around the 0.618 - second yellow arrow - Generally I am bullish on this .
After exiting on the 0.5 Fib level , I got back on the trend while in the flag but will exit my position if I see we hang around current levels longer, since that will cancel the flag and probably send us back on the top of the wedge that price broke out from. That point will be where my entry in a pull back scenario will be.
BTCUSD Inception day 29-12-2019, Sunday forecast.Greetings fellow traders,
As time goes by, the markets evolve...
If your way of TA is strong, then the path will lead its way...
More visible, more probable:
Dashed lines; Possible forming patterns
Solid lines; Confirmed patterns / Support or Resistance
Dotted lines; Possible price-action trajectories / wave trend
Light colors = Support / Dark colors = Resistance
' I’m trying to free your mind, Neo. But I can only show you the door. You’re the one that has to walk through it. '
~ Morpheus, The Matrix ~
With that having quoted, this is my way of keeping order in the chaos. I call it, "Pattern Formation Level( PFL )":
Alpha > Beta > Delta > Echo > Gamma > ( Secret???? )
Explanation PFL:
Alpha; ST / Bullish Pennant pattern formation, a.k.a. "The End Game", a.k.a. "The Big Long". (Daily and higher time-frames)
Beta; Most recent relevant and biggest forming pattern within The Alpha forming pattern. FW / DC. (4-24 hour time-frames)
Delta; Most recent relevant forming patterns within The Beta pattern. (4-8 hour time-frames)
Echo; Most recent relevant forming patterns within The Delta pattern. (1-4 hour time-frames)
Gamma; You get the picture... (10-60 min. time-frames)
Secret Level; Do not thread these treacherous waters. Only for master level TA skills. (10 min. and lower time-frames)
Eventually the PFL's are all connected. Gamma patterns combines into Echo pattern and Echo patterns combines into Delta patterns etc. Until the Alpha patterns has been formed. I'm not calling it just the Alpha for dominance in size. For as this pattern, is, the Alpha and Omega. Which will start a new market cycle and end the current one. By inserting pattern formations in the PFL as parameter. This makes it easier keeping track of which pattern formations are relevant to the current TA and entry or exit strategies. It might be hard to learn, but it is certainly easy to master.
As a programmer and I like playing chess. As result to my TA, I like to look ahead as far as possible. This is only doable if you have reasonable reliable trends to follow. That's why I came up with this system. In time, as I gain experience in the markets. My TA skills evolves and in parallel my systems and indicators.
-------------------------------------
Current Delta patterns:
Possible forming pattern: DT has 1st confirmations on resistance and support levels.
Current Echo patterns:
DT, Confirmed so far; RW, FBW
Current Gamma patterns:
Most recent possible forming pattern: DT
Today's Note:
After all this time of analyzing and trading, waking up in red or loss. Still has a stronger impact than gains. Yesterday, I was lucky and I must add. Although I have woken up more often in green than in red. Aside from that, somehow the impact is still effects me more. Concerning my judgment for the day, making it tougher to stay rational. Hence the reason considering to stop overnight positions or at least when I'm asleep.
Anyhow, while looking at the charts. I can see the Delta pattern becoming more clear. The current Echo(DT) pattern is looking bearish, but the Gamma(DC) pattern might be a game changer. If the Echo pattern(DT) support fails. Henceforth it wil most likely will retest the support of the Delta pattern, confirming the support of the Delta(DT) pattern for the 2nd time. When this happens. There is a slight chance. That it will wick further down to the retest the support of the, dum dum duuuum... The Beta(FW/DC) pattern... However, it's more likely that BTC is going to bounce back , retesting and giving us the 2nd confirmation of the resistance. Most recent similar with a magnitude of an event was with the Bakkt introduction, it triggered the breakout dump. Obviously I'm biased on bearish short-term. Once I notice significant bullish reversal possibilities. I will update the thread.
To be concluded...
Current Targets:
If Echo(DT) support holds; Exit short position.
If Echo(DT) support fails & Echo(DC) resistance holds; Exit short position.
If Delta(DT) support holds and Exit short position / Entry long position target: $6.6K region.
If Delta(DT) support fails; Exit short position / Entry long position target: $6.2K region.
-------------------------------------
Epilogue:
If you don't want to miss out on any of my daily technical analysis. Then click or tap on follow and don't forget to smash on that like button ^^, thanks in advance.
In case you're wondering which indicator I'm using. She's called EMI , short for 'Epic Market Indicator' and she's a collection of diverse indicators. How to use, is in the description. You can use them like any other indicators. Search for 'epic market indicator' then add. I have recently published the latest versions. EMI 1 v3.0 & EMI 2 v2.0. Like any other instrument, practice makes perfect. If you have any input for EMI or questions about my way of TA(*Asian sound-effects*). Please leave a comment or DM me and I'll try to respond a.s.a.p. Be careful and good luck fellow traders, may the trend gods be with you!
NZDJPY SHORTHello traders!
As we are approaching to the end of the year and as well Christmas spirit, the market is going to become very slow and choppy. Now we have to be very patient and use strict risk management, as well as turn to the day trades only.
NZDJPY SHORT OPPORTUNITY:
Price is slowing down on the Daily TF and creating a various reversal patterns on the lower time frames such as 4-hour and 1-hour. Now looking at 1-Hour TF here, we are having a head and shoulder reversal structure but the price is currently struggling to break bellow the supportive region. I'm expecting a little push up to re-test the M formation neckline on the lower TF and then a selloff for kinda 80pips tops to cover the price gap at the bottom.
Disclaimer:
This is not a signal, it is just a trading suggestion. Use it according to your own research and technical analysis.
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Join our FREE TRADING GROUP: t.me
EURJPY 4hour 12/18/19EJ Short Idea
Higher timeframe analysis has been bearish up until recent price action where we can see a daily retracement of the 88.6% fib level
Since price action reached the 88.6% level we have noticed a daily Lower high form which suggests potential bearish volume coming
Ideally a test of broken structure followed by break and retest of major support around 119.800 would give us confirmation to enter short
Upon confirmation we will target higher timeframe support levels as this will be a very large move to the downside
XAUUSD (Gold) Daily 12/8/19GOLD Long
Higher time frames show that gold has been quite bullish but has been retracing to the daily 38.2% fib level
Gold, like dxy, has been ranging between the 38.2% and 1477.50 and has not established a bullish or bearish move yet
If we are to trade a bullish continuation we want to see a break and retest of the 1477.50 area but if we are to target lower we will look for the 38.2% zone to be broken
Where is 10Year Going? Supply and Demand ZonesWe have couple of supply zones above current price but also big strong Daily Demand zone below so...
after drop to demand there is a big chance to rally up to supply zone and even further
keep these number is your mind ;))
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Golden Trading Rules:
Treat Trading Like a Business
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I'll be happy to read your opinion and ideas
if you like the idea, please give it a like for support, thanks
Have a profitable day
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AUDUSD LONG IDEAHello traders!
Very slow movement past week on the Aussie Dollar! this week we are having a lot of fundamental support for the AUD staring today in the Asian session. I do believe that we can push down before going up because the price is currently looking very much bearish but out of power. When you see slowing down in the price that means that bears are losing their control at the moment, but we can have a stop hunt move down before going up.
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YOUTUBE VIDEO ANALYSIS: www.youtube.com
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Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
EURUSD LONG IDEAHello traders!
EURUSD very similar to the DXY as it's cross-referenced, now as I want to see the DXY push up first before going down, here on the EURUSD I want to see another move to the downside into the supportive regions before taking a long trade here, it can be a nice swing movement up on the hill. From last week's conditions, you can clearly see how one day engulfed the whole week of the choppy movement, this is giving us a sign for the long trades if we will see another rejection of the bottom region.
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Disclaimer
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions.