Patterns
USDJPY 28.05.2020This analysis is only intended for educational purposes, not financial advice!
Be safe !
Short Term Sell, then short term buyHello guys,
This is what I see happening with XRP right now. Anything can happen and we will adapt to what the market is telling us.
The first white rectangle is our first buy zone. Price can come down and bounce around .1856 --- It can, however, come down to the second rectangle and create that double bottom. To move to the upside targeting the top of the pattern and potentially to a higher zone.
We will watch how the market reacts. Pattern identification and price action are key in these zones.
USDJPY 25.05.2020Good day everyone!
Rising wedges usually breaks to the downside as we can all see in this USD/JPY pair.
As it stands the US Dollar is getting weaker and I believe that the market could go as low as 107.000 to 106.750 range where we could see a push to the upside again towards the 110 range.
Wish you a great day in trading and be safe!
If this helped you in any way feel free to leave a like.
AUDJPY setting up nicely for a SELL 🎿HTFs - From daily down to 1H, price has been corrective for weeks and has formed an ascending expanding formation. Weeks prior, there was heavy bearish momentum which is clear when zooming to higher time frames |
LTFs - Internal structure is clean with a middle section showing wave behaviour. Clue is the ascending channel at the end of the structure with the 123 formation
ENTRY - One my favourite pairs to trade. Have been waiting patiently for this to reach an area of value which will be once the high is broken and price begins to show deceleration and a rejection at outer structure. Otherwise will be waiting for the market to show signs of reversing. If none of the above then no trade for me
BTC/USD Short Idea R/R Ratio: 6As always good R/R. Easiest stop loss.
Should be low leverage trade. Bearish local formation, probably because of "satoshi coins" FUD. Don't really like to trade during or after the news, but i can't move past this trade, too good of opportunity. Get out of the trade if price reaches 9700
AUDJPY Short opportunities, Long term analysisClear and simple technical analysis
You can trade short under pattern Sperandeo
Also give your attention to long term Fibonacci
This levels will be the most important support levels
Possible long continuation aheadRetesting to the previous all time high back in 2/20. Looks like it could possibly continue the upward trend tot he all time high. There is some support between 38 and 37.
An ideal entry would be passing 39.00
I am already in the trade, I entered @ 38.89
GBPUSD UpdateAffter got the up side perfectly, now will wait for a good confirmation for more than 200 pips down
ETH Play for the next 1-2 WeeksHistory may not repeat, but it sure does rhyme. Making Lower Highs on High Time Frames, I expect this to be the bloodiest shakeout of them all. Lets see what happens. Check out my past predictions, I only bring my most confident predictions to Trading View. I have not been wrong yet on Trading View... Key Word= Yet
USDTRY Recovery forecast until July !TRY Has stabilized fundamentally and we have also technical support by pattern Sperandeo. First trendline is crossed, now target is T1 Trendline as first strong support.
Gold - Bull Flag - Levels to WatchWatch for a strong close above $1,740 for a potential measured move to $1,900 (prior cycle highs).
Set a stop with a close below around $1,680
It is only a matter of time until gold retests highs, for those who are more inclined to 'trade' gold, which i do not recommend, then there is a potential nice bull flag shaping up.
-TradingEdge
EUR/NZD Sell Idea (Institutional Trading)I am planning to sell due to we are in a major low trend, following the 2 base patterns of price action ineficiency and an overbought RSI with sold out candles at the end confirming me we are going to sell. If anyone is trying to make profits with this, and goes to SL, do not blame me because this is for educational purposes.
USDMXN - BEARISH SYMMETRICAL TRIANGLE For months, USDMXN has been extremely bullish, however prices started to make converging swings, forming a symmetrical triangle. Prices broke out with a lower low and restested structure with a lower high which lined up with the 50% fib level where we often look for entries. My stop loss is above the wick and target is at the 161.80& Fib extension.
