Weekend charts - preparing for the tradingweek ahead - BTCUSD, Yen pairs, DAX, commodity currencies NZD & AUD
Happy Sunday to everyone! Since i was out camping with friends this weekend and it went a little longer than expected (too nice out there to sit indoors), scanning some charts and putting out my quick thoughts. As usully, all comments welcome. This is not trade advice, but things i monitor on the charts. Also i recommend you dont marry your trades, if one idea is wrong, get out and look for another opportunity, the market is always here. As it happened to me last week, i took some loss on NZDUSD shorts, got out, but the prevalent DAX monthly candle short has paid out generously.
Also, note that i am looking for pullbacks in many instruments against USD, this does not make ma an USD bull yet.
Bitcoin BTCUSD - old chart with an added bullflag targeting approximately 3900-4K. About bitcoin, as i dont trade i am a little amiss with the fundamentals, but i still like to keep an eye on it sometimes, from a tech perspective.
Bitcoin daily - remove the flag, we're still in range. Wait for signals to emerge.
Bitcoin H4 - a bullish pennant, which upon materialising, could take us easily to 3400
GBPJPY daily, just a hypo
EURJPY H4 - trendline is approximate, but those batman ears forming.... Also something to consider is postioning, traders as massively long EUR, short JPY
DAX daily, when everyone is looking for gapfill, be cautious. I took mine off 12295 and went offline. But measured moved still advocates gapfill
NZDUSD my nemesis, looking for pullback
AUDUSD looking for pullback
USDCAD reposting old chart, massive confluence coming.
Great post. Please read my biggest danger in crypto, would love your feedback -
https://steemit.com/cryptocurrency/@cryptocoinclub/blockfolio-addiction-help-group
Added that DAX and GBP/JPY analysis to my watch lists. Cheers.
Fomc on wednesday, im trying to be out of usd pairs by then. Also check audnzd weekly candle and gbpnzd sitting on longterm TL and threatening to break. Cheers!
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