lllloiubyvvt8gihtcr6t8v7uy

lllloiubyvvt8gihtcr6t8v7uy Updated 

Although I dont usually trade during sideways price action (this one isnt too bad), price as constantly made small moves bouncing off a major supply zone with no real demand zone. This creates a Decending triangle pattern which is why I have decided to enter the trade now. Of course this is just a pattern and that alone should not give me real reason to enter the...

lllloiubyvvt8gihtcr6t8v7uy Updated 

Following last weeks bearish markets, i am continuing to take long positions on commodities due to increased volatility and bearish momentum

lllloiubyvvt8gihtcr6t8v7uy

Nice retest from July swing lows to push price up to upside

lllloiubyvvt8gihtcr6t8v7uy

expecting bounce off supply zone to potentially continue bearish alongside gold

lllloiubyvvt8gihtcr6t8v7uy

Expecting price to continue to drop slightly with a strong push to the swing highs

lllloiubyvvt8gihtcr6t8v7uy

As the USDJPY price enters its 24 year supply zone shown in the image below, one must consider whether there will be a reversal after such a long period of time, with todays released CPI data shaking up the markets today, you can only expect tomorrows MoM news to cause another big shift in price.

lllloiubyvvt8gihtcr6t8v7uy

With strong liquidity, expecting price to hit strong demand zone on daily chart analysis which I shall post later on AUDCAD. With Gold also reaching key area I am expecting the Aussie Dollar to play with strong similarity to gold, which means bouncing off the demand zone for a reversal. Initially had a buy position set up but thought I would add a sell position as...

lllloiubyvvt8gihtcr6t8v7uy

As gold reaches a crucial point on the week timeframe (strong demand area), we are possibly seeing a strong bullish push from the demand zone up to swing highs. SL has been set according to lower timeframes so may seem pretty random and may hit if theres a lot of volatility in the market, hopefully enter this trade by the end of tomorrow if not next week.

lllloiubyvvt8gihtcr6t8v7uy

Price hitting previous strong resistance and failure to break structure would result in a pullback to swing lows. Of course there is the possibility we break the key point but highly unlikely

lllloiubyvvt8gihtcr6t8v7uy

Nice bounce back off lowest demand zone and pass through 1st supply zone, expecting retest but not as strong as previous ones, then a possible move back to swing highs.

lllloiubyvvt8gihtcr6t8v7uy

Dont rly like trading crypto on the weekend due to volatility and less reliance on market movement, but I expect a pull back to previous lows hence why Im taking the trade

lllloiubyvvt8gihtcr6t8v7uy

With BTC pulling down to lows yesterday, I am assuming a quick reversal from todays rise where price touched supply zone.

lllloiubyvvt8gihtcr6t8v7uy

Nice push to rebound once again off lower vwap band, also previous break of trendline so inevitable push back up before a much greater drop

lllloiubyvvt8gihtcr6t8v7uy

Potential for strong pull back to previous key points as you can see if you look on larger time frames

lllloiubyvvt8gihtcr6t8v7uy

Price came back down dropping after lower band VWAP retes, expecting price to come back up one last time before either breaking through or down. Dont usually trade using ranges and Vwap but nice to bring back an old strat

lllloiubyvvt8gihtcr6t8v7uy

Let’s see how this one goes, probably the trade most likely to hit SL but worth a shot since price hasnt touched previous trendline yet, may retest it before much greater drop

lllloiubyvvt8gihtcr6t8v7uy

Potential drop by BTC and ETH, resistance band doing well keeping the sellers in power

lllloiubyvvt8gihtcr6t8v7uy

With BTCs sharp rise earlier, am expecting some sort of reversal while the coins bounce off their supply zones