Wolf_of_Walton

Wolf_of_Walton

After a third touch inside wave C's channel, I firmly believe that the bear trend is complete and we should see signs of bullish reversal for GU. I do expect the 1.31400 highs to be tested again before the market decides if it wants tho push higher or come back down. This is just a long term idea. Best way to approach it would be to know the trend is about to...

Wolf_of_Walton

It's been a minute since I've posted an idea. Personally feel it's self explanatory, we had a minor correction within the upper trend/channel and I believe we've reach a KL psychologically and technically for an Impulsive move towards the the upper resistance of the channel/ red diagonal resistance from the triangle. Also if you look hard enough you might find...

Wolf_of_Walton Updated 

The consensus of the market is super bullish at the moment. Everyone was excited to see this 50k breakthrough as a big notion for continuation to the upside, so if I had to play devils advocate. Shorting this structure for the long term might work out in your favour. But you know how this market works. This is not financial advice its just an idea that could...

Wolf_of_Walton

What I can see from my technical analysis is a H&S pattern forming with the pattern attempting to complete the right shoulder of the pattern This approach is more of a swing trade approach with a mid term timeframe to hit the target. Confirmation of this pattern would be a break in the H&S neckline towards the downside. Goodluck.

Wolf_of_Walton Updated 

Seeing a rising wedge pattern forming on the 30m chart for GBPJPY, I've put down two points of resistance where I'd be looking at taking a short. Also I've added the Japanese currency index (JXY) on the 4hr chart to show that it has approached a strong support level and will consolidate before it rejects and shows strength for JPY. Thus I'm looking at shorting...

Wolf_of_Walton Updated 

I personally believe we have reached the TOP of the GBPUSD uptrend today and should start to see some BEARISH momentum taking it down towards 1.33. It should face the two major fibonacci levels of (0.5 and (0.236 of Macro)), where it will be tested and face rejection at this key level of support. Good luck.

Wolf_of_Walton

It should reject at this Strong Support. Good Luck

Wolf_of_Walton

After some JPY strength across most pairs I feel that this area would prove to be a strong support structure where we should see a bounce and a reversal in the price action. Looking to Long CADJPY in the green box after some consolidation.

Wolf_of_Walton

Looking for a potential double top Thus far it's looking symmetrical to the previous double top structure so will see how it plays out. (circled) Good luck.

Wolf_of_Walton

What I'm looking for is a completion of the 5th wave of this downtrend before an impulsive move up Target of $1770

Wolf_of_Walton

Expecting the EURUSD to pullback for its third and final touch of the channel before we change to a bullish sentiment.

Wolf_of_Walton Updated 

EURUSD is approaching a strong support where I expect the reversal to take place and break this down trend. Targeting the 0.618 fib

Wolf_of_Walton Updated 

After a successful retrace from $30 to $27, I believe now is the time to long Silver. Gap has been filled on the 30min chart and in hind sight it needs to have a second successful retest at the $30 major resistance level. Good luck.

Wolf_of_Walton Updated 

GBP has shown weakness this week. Looking at an ABC continuation pattern to play out with downside projection towards 1.22 TP: 1.22 - 1.22350 SL: Above previous high or first horizontal trend line based on your own risk How I'm playing this trend. Not financial advice

Wolf_of_Walton Updated 

Looking for and ABC continuation.. Area of interest to short will be the 0.618 fib resistance.

Wolf_of_Walton Updated 

I know there is some hype around silver and talk amongst WSB pumping it. But I feel this gap would need a fill before we see continuation to the upside after all silver has just tested $30 and faced rejection in its first attempt.Will be interesting to see how it pans out.

Wolf_of_Walton Updated 

My outlook on this situation: Although the market is very bullish and we are in a bull market.. I believe Ethereum needs to see one more correction. Once it hits the key resistance area of $1320.. I can see it dropping in price to complete Wave C in this ABC correction before it moves up parabolically towards Tp-1 (fib 1.618) and TP-2 (fib 2.618) to complete...

Wolf_of_Walton Updated 

Just an idea to play with.. Opec deal to cut production by 10% by May/June should be interesting to see how it plays out.. not saying it won't go to the lows of everyone's predictions.. just playing devils advocate. Stay safe, this isn't trading advice