Bitcoin has been in Distribution, and it may have formed a Lower Peak within this consolidation. The idea is to short Bitcoin to the major Demand Zone below. 1. Enter - around $63500 2. Stop - above Lower Peak 3. Target - Demand Zone 4. RR = 3
Pound Sterling has broken the Wyckoff consolidation and has retested the support as resistance. A short idea is considered. 1. Enter - 1.2480 2. Stop - above recent swing high 1.2580 3. Target - the demand zone below 1.2050 4 RR = 3.5
This is an idea for an ABC movement in the price of Gold. Consider an amalgamation of ideas. 1. Elliott - we may have completed the 4th wave and entering the 5th wave down. 2. Wyckoff - maybe we have just seen the last point of resistance. 3. Rising Channel - with completion of e leg and retest of mid channel before price moving down. 4. Simple ABC -...
Looking back in time to the last major consolidation of Gold from June 2013 to March 2020, we can see Gold make a significant rally from the Last Point of Support, after encountering the 50-period moving average. I see a similar scenario playing out, as per the chart. If we extrapolate the prior rally to the current price movement, then 2626 would be the...
This pair has been in consolidation within a Wyckoff Redistribution. The Upthrust After Distribution (UTAD) has occurred and the markdown of price may be in progress. This idea is for a short as follows. 1. Enter - .8560 2. Stop - outside consolidation .8600 3. Target - the horizontal resistance 1 ( .8500) near term and longer term the next area of resistance...
Gold entered phase E of Wyckoff Accumulation. Price may retest prior resistance before continuing the Mark up. Trade for long 1. Enter - around $2335 2. Target - overhead resistance $ 2365 3. Stop - below last point of support within Consolidation 4. RR = 3+
This idea is for EURUSD to move between Demand and Supply Zones on the 1 hour time frame. The trade would be. 1. Enter - around 1.0715 2. Stop - below prior swing low of 1.0677 3. Target - supply zone around 1.0860 4. RR = 4
This idea is based on the need for price to close a gap i.e. GAP UPFILL. On the 1-hour time frame, Nvidia posted a gap on the 24 th Feb 2024. This gap spans $680-$740 and remains unfilled. Price topped at $975 on 9th March 2024, and then went into a distribution consolidation. In April 2024 we have seen a break and retest of this consolidation. This idea...
A bullish Wyckoff accumulation pattern forming on gold in the shorter time frames. The spring has formed, look to go long around 2315. Stop below spring and target 2340. RR = 4+
As per chart trade suggestion. A recent bullish divergence printed on GOLD , which could see a correction in price to the early 1700.
Trade on chart , looking to short from potential Supply Zone.
Trade on Chart for RANGE of JPN225. Shorting at Supply Zone can provide a favorable RR.
Provided is a short trade to consider. The Double Bottom , together with the developing Bullish Pole + Flag , is suggestive the Aussie will appreciate . Likely retracement is plotted at the Fib .382-50 of the current swing , which is at the recent Supply Zone. The target is trend continuation to restest underlying support.
This index , as other equity markets , is in sharp decline. Trade on chart.
This pair has been Churning within a Consolidated Triangle for sometime now between intermediate supply and demand. From a daily perspective , it is easy to keep away from this pair. Awaiting price to break consolidation . From a Risk to Reward ( ie. Lower RIsk , HIgher Reward ) any movement to the downside would be a preferable trade. What do others think ?
EURUSD has seen a DROP in mid August . Then a BASE has been present in later August as Buyers and Sellers are in equilibrium . From a base we can only have a Rally or Drop. Maybe keeping an eye out for a Rally to the short term Supply Zone above offers an opportunity to trade in the direction of the longer term trend. Short on Chart
This is a positional trade suggestion for this pair. We can see the current supply zone from earlier in 2022. Price has come close and rejected twice. Level upon level - there is a Fresh Supply Zone from 2014 immediately above bolstering overhead resistance to the EURO. This idea is in line with the Sell High and Buy Low concept.
The JPN225 has reacted to the overlying supply zone. A short trade on chart is suggested targeting the underlying demand zone. From a Wyckoff perspective, price has recently posted the UTAD and heading down.