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Biggerpicture

EUR USD Short to 1.15 and then 1.10-11 w/major confluenceNot a professional - and still learning. but this is what I see. Analysis written in description. Take at own risk :) only thing not included - counter trend line meets around 38.2 major reversal zone. so if it does break below daily trend again, it will have to test and break that area but that around 1.15 so still solid TP area if you don't want to be greedy. take partial profits, and reenter on retracement, or leave and put stop profits in place. either way - don't be greedy lol.
Short
by FaustinChopra
Deep breaths and calm downWow its been a while since ive provided a crypto overview but the timing right now couldn't be better....after all we are back on the "its a BULL RUN HYPE". If you've read my older crypto posts you know im a firm believer in assessing this market on larger timeframes rather than seeing a huge green dildo on the 15 minute chart and FOMOing your life into it. What a few weeks BTC is having, a 6 month bore after a catastrophic and not to say predicted downfall the crypto market seems to have found some excitement again. Now as far as the picture goes for the coming week or so I have to say it looks good, its had a very strong weekly closure last week and the current weekly candle suggests more upside is still to come. But how much longer can this constant green surge continue? Time to get your thinking caps on.... ZOOM OUT, take a deep breath and have a look at the weekly chart. Yes its been a good day, a good week but why on earth are the 20+k calls leaking over our pages again? For those that have followed this market for at least 2 years you should know better by now. The weekly timeframe shows a well established channel and fairly consistent lower high and and lower low pattern which weve been in since Jan 2018. Now I know we all want a bull run, the good old days where BTC would move 1000's in a day and XRP was the lost king who breached the 3dollar mark. However right is the time to be very sensible, this surge from 4k to the current price zone of 6.4k has yet to see a retracement, a long the way many authors and a lot of bears have been calling for a downside and major rejection but the bulls kept on surprising and have pulled us over 6k out of nowhere. But this hasn't changed anything YET. The last recorded lower high for me was set at the 7.4k (7419) and since then weve not reached anywhere these levels, now what does that tell you? That anywhere close but under this point would mean the lower high theory is still in play. So point one mark this region as if price surpasses this mark it may be a first tell sign of a change in trend. Now the channel thats placed on the weekly and the trendline that was formed by the previous 6k floor (before the breach to the downside) suggests 6571 is the key region- Now a price surge up with room on both the weekly and daily RSI could propel is quite easily to this price zone, but wouldn't it be too easy for bears to reject price at the quite obvious trendline and channel? So I think the zone between 6571-7.4k could be spiked into as either a stop hunt for shorters and an excitement spike for bulls to falsely suggest a bull trend. This could be very quick of course. The perfect scenario for the so called big fish would be to let price surge above the trendline forming a new lower high between 6.5-7k and then seeing a strong rejection for a continuation of the downtrend. The targets to the downside are quite frightening based on the channel but lets discuss that if and when we get to it. Like i said this is my opinion as with this market nothings obvious, no TA works perfectly and the game is never easy. The only time I would confirm to myself that the trend has changed to a bull bias is theres a strong move beyond the 7.4k region which would then essentially wipe out the channel, the lower high theory and surpass the pattern of price movement weve had since the bear market began in Jan 2018. Im open to discussions or happy to listen to your opinions but all I'd say is stop FOMOing, shut out the noise, you'll read over a 1000 opinions of which 500 suggest downside and 500 suggest upside. No one has a definitive answer but my time in the market has showed that price will never move as clearly as you think, yes this is great that BTC has surged but its merely covered up the ground it lost so quickly back in Nov 2018, its now at a point where it moved sideways in for 6 months. Remember you don't have to take every trade, sometimes its easier to let the market move and show you a better narrative for you to decide when and how to invest your money. Be cautious because when the bears do arrive they will arrive aggressively, the weekly RSI has some space to move up and the daily could still move upwards and still maintain the current bearish divergence its formed. My bias is the bear market isn't until the price suggests its over and surge to 6.4k has yet to validate that. Hope you enjoyed the information, its not trading advice but if you appreciate the analysis do leave a like. Peace out, trade safe as always!
COINBASE:BTCUSD
by Movali123
Multiple Time Frame Breakdown - XAUUSD Weekly (pink): Looking at the bigger picture on XAUUSD, I am bullish for the time being. We can see the initial impulse on the left of the chart and we are currently forming the corrective structure. I have plotted estimated points at which I believe the corrective structure will play out. According to my analysis, we are in wave 2 of the correction and I believe that there is still some upside to come before the completion of wave 2. Daily (blue): I expect the daily time frame to play out as indicated above. According to my analysis, wave 2 of the daily correction is complete and we are starting wave 3 to the upside. Wave 3 will complete at the top of the larger weekly structure marked in pink. There is a strong possibility of a reversal from that level for wave 3 on the weekly structure. I am looking for an entry to trade wave 3 on the daily (blue) structure. H4 (green): The corrective structure, indicated in green on the H4 chart above, broke to the upside and also broke an important trend line, marked in orange. This should indicate the start of wave 3 on the daily (blue) structure. I am waiting for a confirmation structure to form in order to get an entry point for the long. H1 (red): I am watching the formation of the structure indicated in red on the H1 chart above. I will use this structure for an entry for wave 3 on the daily (blue) structure. For more analysis like this and for access to my personal entries and exits, install our mobile app and join our VIP membership for ZAR99 (±USD8) per month. App link: www.greenboxmarkets.com Let me know if you need any assistance Happy trading Linton
FX_IDC:XAUUSDLong
by Linton_White
CADJPY Bigger Picture View Down To H1 Time Frame - Good Setup!Weekly (pink): We are currently in wave 4 of the weekly structure. I expect wave 4 to complete to the top of the structure before we will see whether there will be a break of the structure to the upside on this wave or whether there will be a 5th wave to the downside first. Daily (blue): We are in wave 3 of the daily structure. Interestingly the target for wave 3 is at the same point as wave 4 of the weekly structure. This indicates a strong possibility that the price will move to that target. H4 (green): The structure that has formed on the H4 time frame doesn't completely tie in with the bigger picture view as it has a bearish formation. I expect that there may be an extension in wave 5 which will complete the larger structure views. H1 (red): I am sitting on my hands at the moment and waiting for the H1 corrective structure to unfold. As things stand now, I am expecting to see a 5 wave structure formation which would complete at the bottom of the green H4 structure. I will be looking for the long entry from that point. Contact me via direct message for any assistance required. Analysis on all the majors and their crosses available Happy trading! Linton
Long
by Linton_White
2
EURUSD D The Bigger Picture So as I mentioned in my 4hr chart if we break through previous resistance where could we see the pair go? Taking a step back to the Daily chart and looking at the bigger picture, again there is a possible Bullish cypher being formed. If we break resistance we could see a rise up to some great levels and once again this would be right in the overbought area of the RSI. C to D leg would see us right back at previous levels of support. Will be interesting to see how this unfolds and im sure there will be more opportunities on the lower time frames to trade this
Long
by Wonour