MoneyForNothingAndPipsForFree

MoneyForNothingAndPipsForFree Jan 12

NASDAQ:ACB is still in a downtrend since May 2024 and since November it has been accumulating inside a Darvas Box. Should it break out of the box to the downside then the roadmap is clear, it'll try to fill the gap between $3.19-$3.33 , which sits inside an imbalance. Also have a look at MACD, looks like it's going bearish. I'm sitting at the sidelines and...

MoneyForNothingAndPipsForFree Jan 12

Clean break and hook out of the rising wedge here, waiting for it to retrace to the 38.2% Fib. Since CAD is highly influenced by oil prices I assume we're going to see higher oil prices in the near future, causing the Euro to deprecate against the CAD.

MoneyForNothingAndPipsForFree Jan 12

As you can see corrective wave C is currently in play. It has been trading inside a descending channel since March 2024 and I expect it to drop to the 61.8-67% Fib retracement, maybe even lower and find liquidity there. Noteworthy: price is trading beneath the EMA 13,50 and 100. The red weekly candle tells us that we're dealing with unusual high short volume to...

MoneyForNothingAndPipsForFree Nov 1, 2024

From a pure technical point of view there's nothing bullish about Apple right now. Potential targets are $210 and $200 and we should see some kind of reaction near or at those levels.

MoneyForNothingAndPipsForFree Nov 1, 2024

Here's what I see for BTC. BTC retraced to the 61.8% Fib of the Jan. 2024 - March 2024 bullish leg and dipped slightly below $50. It has broken out of this giant bull flag, created a double top and I expect it to retrace back to around FWB:65K , maybe slightly lower , before it finally moves higher, all the way up to $85K. As you can see I've marked the FVG /...

MoneyForNothingAndPipsForFree Nov 1, 2024

The current level needs to hold , otherwise it'll drop to around $3. On top of that it has been in consolidation phase for quite some time and the MMs need to make a decision. I have currently no position here and will sit it out , until the ER drops in five days.

MoneyForNothingAndPipsForFree Nov 1, 2024

The way I see it we're still in a strong bull trend, supported buy unusual high buying volume. My next key levels are $50 and $55.

MoneyForNothingAndPipsForFree Oct 23, 2024

EURJPY is still very strong and will continue climbing here , there's around 1000 pips to be made here. The big boys need to mitigate the previous bearish orange order block. I've used a Renko chart to represent price and price action. As you can see a nice base has formed during the second week of September, followed by unusual high bullish volume in the first...

MoneyForNothingAndPipsForFree Oct 18, 2024

Pretty straightforward bullish trade here. The weekly timeframe is key and Doge is primed to go to 17-18 cents and higher. The boxes are order blocks identifiers (blue & green = bullish order blocks / red & orange = bearish order blocks) As you can see price has shot out of the bullish order block and MACD is also pointing to a continuation of the move higher. Our...

MoneyForNothingAndPipsForFree Oct 15, 2024

Looks like CHFJPY has completed the uptrend and is now reversing. My first potential take profit target is around 70 pips to the downside, don't exclude it going lower and giving us almost 180 pips.

MoneyForNothingAndPipsForFree Sep 17, 2024

Here's what I see for Tilray. Looks like we're in major wave 3 and I expect price to top out at around $2.50 -$2.60 and close the gap from April. From there it should retrace to slightly above $2 and then rip higher.

MoneyForNothingAndPipsForFree Jul 26, 2024

This pair should continue dropping, straight into the imbalance (blue box). Price trading below the fast moving averages and MACD is showing a downside convergence.

MoneyForNothingAndPipsForFree Jul 26, 2024

This pair should continue dropping, straight into the imbalance (blue box). Price trading below the fast moving averages and MACD is showing a downside convergence.

MoneyForNothingAndPipsForFree Updated  Jul 19, 2024

Here's what I currently see for Bitcoin. A drop to the vicinity of $62K looks like a good RR trade.

MoneyForNothingAndPipsForFree Jul 19, 2024

The way I see it the big boys are trying to create the right shoulder of a H&S pattern here, so price should retrace slightly to the upside from here, preferably to the 61.8-67% fib sweet spot and continue dropping from there.

MoneyForNothingAndPipsForFree Jul 19, 2024

I remain bullish on this repair and have a long position all the way until 4. We did complete a textbook 5 wave structure to the upside and I expect the move to continue grinding up all the way to the FIB cluster at around 4. I have marked two potential take profit zones (blue boxes) with the upper one also showing the imbalances that need to be taken out by the MM.

MoneyForNothingAndPipsForFree Apr 20, 2024

Here's what I see for BTC, it has created a nice inverse H&S pattern and is currently gunning for $70K which happens to be the CME call wall. MACD histogram is also showing convergence, so I think that's a pretty straightforward move here.

MoneyForNothingAndPipsForFree Apr 17, 2024

EURGBP formed a classic double bottom by bouncing off the March 29th low and is now set to take out the imbalances in the green boxes. Happy trading.