Simple_Renko

Simple_Renko

See callout bubbles. Overall, I wouldn't be too excited about the current bounce in price. Bears still very much in control. I want to see price close above the 100 EMA before I start thinking about buying back in. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.

Simple_Renko

See callout bubbles. This is very strange and worth looking into further. The VIX and SPY certainly *can* move in tandem with each other, but a majority of the time, as the market is UP, the VIX is DOWN. As markets rise, price is *less* volatile. As markets fall, price is *more* volatile. Why might the VIX be moving up along with the SPY? Nobody can say for...

Simple_Renko

See callout bubbles. Similar setup to the GBPAUD. Plenty of room to run on the higher time frame chart. Let's look to jump in at the green-highlighted level. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.

Simple_Renko

See callout bubbles. Price has plenty of room to run on the W chart until we see some real big sellers entering the market. We'll be buying within the context of a very nice, intact W uptrend. With the AUD running into weakness across the board, and the GBP just getting started on what could be a nice longer-term uptrend, being Long should be the path of least...

Simple_Renko

See callout bubbles. From my analysis, the W trend that is well intact looks like it is coming into some resistance, but may still have some room to run up and make a new major high before we see the next nice correction on the W chart. Let's jump in at the highlighted zone and ride price to new highs. Overnight we will want to see price enter this zone and bulls...

Simple_Renko Updated 

See callout bubbles. The higher time frame charts indicate that the EUR against the JPY may have some room run still before major sellers step into the market. We'll need a bit of EUR weakness and JPY strength to get our entry, but I believe that there may still be buyers within the highlighted zone looking to push prices higher. Always measure your risk and be...

Simple_Renko

See callout bubbles. The CAD trakcs with Oil closely while the HKD tracks very closely with the USD and the USD is currently seeing a lot of weakness and possibly looking at more for 2018. There is a pretty strong higher time-frame uptrend intact, so let's look to join that trend within the green-highlighted area until we get to bigger sellers above. Always...

Simple_Renko

See callout bubbles. Equities have been on a 10-year tear upward. Starting in Sept. 2011, two years after the big 2008 crash, Gold has taken a very nice tumble, offering some very nice discounts. However, since 2016, Gold has been making a comeback while equities continue to soar. Gold is usually an asset that gets hoarded in times of uncertainty and prices begin...

Simple_Renko

See callout bubbles. Buy the dip has been the name of the game for several years now. If you can trade the SPX500 outright, look for buyers to hold the green-highlighted area. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.

Simple_Renko

See callout bubbles. On the higher time frame charts, it could be argued that the EURJPY has some room to run before very strong sellers are expected to enter the market. Let's buy on the retest of this price level and expect a nice bullish bounce in our favor. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you...

Simple_Renko

See callout bubbles. Many EUR pairs are a bit overextended and beginning to show signs of weakness. Conversely, the GBP seems to be recovering very nicely across many pairs after being beat-up leading all the way back to June of 2016 and Brexit. Let's jump in short at the red highlighted level and look to ride price down. Always measure your risk and be okay with...

Simple_Renko

See callout bubbles. The USD is looking weak across the board. Combine that with rising Oil prices and that gives more justification for this possible head and shoulders pattern that could be developing. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.

Simple_Renko

See callout bubbles. Trend appears to be reversing. We will need to see what kind of D candle we can close with today. Price can break lower, in which case, we can consider possibly adding to our XRP collection if our overall, long-term bias is Long for XRP. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want....

Simple_Renko

See callout bubbles. Speculative Sentiment still indicates that the crowd is Short EURUSD, which lets me know that this pair may still be headed higher in the near to mid-term. EURUSD is certainly coming into some price levels where I would expect weakness. Also, the DXY is quite oversold, so we should expect some buyers step in, however, there may just be some...

Simple_Renko

See callout bubbles. All of the cryptos are taking a breather after a VERY powerful, bullish move before the New Year. A careful look at the higher time frame charts will indicate that it only took 2 weeks for prices to get to their all-time highs, yet it is taking the Bears much longer to push the price back down to the price levels where the bullish move...

Simple_Renko

See callout bubbles. The W picture is the same for most of the cryptos. Bears are driving price back down, but there are still Bulls below that will be looking to push prices back up. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.

Simple_Renko

See callout bubbles. Upon the retest of the green-highlighted area, we will buy expecting a nice bullish bounce from the level. 50EMA right within our zone serves as more support for a bullish bounce from the price level. Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.

Simple_Renko

See callout bubbles. Much of the crypto-world wants to simply see price continue upwards from where it is currently is, however, remaining objective is crucial. Therefore, here is a price level that *could* see some action if the crypto selloff wants to continue. Always measure your risk and be okay with being wrong ; )