YuzukiChan

YuzukiChan

Monthly and weekly trends bearish, meaning the market is pressing it downwards. In daily we see the 1.13 level tested and rejected once, because it was indeed a strong weekly level, so the it spiked up some 5k pips. Now we see that the 1.13 level is getting tested again, this time causing a congestion thereby. I'm sure these irregular movements, beginning from...

YuzukiChan Updated 

I had no other alternative but to switch to HLC bars. This is what I normally use for charting, but I saw that candles are more popular here so decided to 'do as Romans do,' yet I really need the bar view to recognize all these fine details. Anyways, everyone has their preferences, and my strategy gets along better with HLC bars. That being said, our previous...

YuzukiChan

As we get into shorter time frames, i.e., daily candles, the candles appear as this giant dragon's graceful stamps; like it or not, or support it or not, Bitcoin is an honorable beast. We have seen in the previous posts the significance of the "big red November candle." It starts a new bearish movement and that movement rests in itself, belittling the predictive...

YuzukiChan

From the plains of 2014, we have ventured into 2015 and won many battles in 2016, thusly rocked and rolled 2017, and survived 2018 thereafter. My dear friends, you should know that you don't need complex indicators or sophisticated prophecies to make money in this market. You just need to stop imposing your own reflection onto it and listen to it in its own right,...

YuzukiChan Updated 

Howdy, fellows! Newbies and pros--to all of you, my deepest salutations, First things first, see the attached idea for a simple historical look. And also, don't forget to give it a thumbs up, and to follow me for updates and other ultra-precious analyses from a former currency pair gourmet. Indeed, I still work for the same investment house, but now my focus is...

YuzukiChan Updated 

Hello, friends and fellow traders! Long time no use this platform, though I never stopped trading. I was there when the crypto market saw the top, didn't sell until March 2018, but enough of my personal history--let's see Bitcoin's price history, as what happened in the past provides us with the only way to get a grasp of the present. Here are the previous market...

YuzukiChan

Retest of 1/2 is possible. Hold tight!

YuzukiChan

Turkish Lira is overbought.

YuzukiChan

As I count waves, I realize one thing; counts are based on some assumptions on the lengths and shapes of price action, that is, there are lots of "no, this can't be the end of wave 5; this is unproportionate" without relying on any EW rule or guideline. Slopes of waves, too, give important insight in EW practice. I say, then, there is more fundamental market...

YuzukiChan

I am working on a refinement project about my trading style, and now has just begun experimenting with lines and lines only. I see that there is a possibility of finding success in working only with price action by using lines. No Fib clusters, no EW count or so. The most important part of this style, I believe, will come by experience. So, here we go with the...

YuzukiChan

Position's on the chart. I'll not take the trade until I see a clear upward impulse, though. When that impulse is seen, it will give a better RR. A little bit more detail:

YuzukiChan

Long lasting corrections necessitate steep fans. Putting the beginning of the fan to the beginning of the wave 1, and aligning 1/1 at where the wave 2 ends, we see that the price was rejected by 1/2, which also shows the strongest weekly RSI. Now we see a retest of the same level, but the price came from a very low level uninterruptedly, so for 1/2 to be broken,...

YuzukiChan

Position's in the chart. Nice one to risk half of your capital.

YuzukiChan

Pending order w/ 496 GBP risk and 753 GBP reward per 100K units. CORRECTION: Order @ 0.71337 w/ T/P @ 0.70617, which makes the risk 463 GBP and reward 720 GBP per 100K units.

YuzukiChan

2/1 - .5 confluence determined the endpoint of the flat.

YuzukiChan

All the EW counts I've seen on Fiber takes the final leg down a five wave. This was also what I thought for a while, until now. On the other hand, double zigzag fits much better than a five wave. If this is the case, the current daily uptrend might be an X which would indicate much selling in the following months. Another possibility is that the downward movement...

YuzukiChan

RSI divergence, .786 Fib level, triangle EW pattern completion and how EUR and GBP find themselves in other pairs all show that we will see an upward movement beginning from around here.

YuzukiChan

In each plane flight, you risk your life at the expense of arriving at somewhere. R.I.P. Christopher Lee www.youtube.com