betanajc

betanajc Oct 20, 2017

From the daily we can see price is still in a downtrend. It made a quick retracement to .382, hit supply then briefly headed down. So we know our macro trend is bearish. If we zoom in to 4H now we see the price has pierced the .382 level on the most recent fibs based on price action Zoom in to 1H we can see a rising wedge--now we see if the market will give us a...

betanajc Oct 20, 2017

Alt. ABCD is a long-term projection that can serve as added confirmation as long as the market structure stands. Has already broken bearish market structure but there's still strong bearish presence. So right now I'm just waiting for a confirmation.

betanajc Oct 16, 2017

Bullish confluence - buy!!

betanajc Oct 15, 2017

There's probaby two harmonic patterns here

betanajc Oct 13, 2017

Practicing

betanajc Oct 13, 2017

Always wanted to learn about harmonics so I bought a Udemy course. This is me applying it.

betanajc Updated  Oct 5, 2017

We're now in a major uptrend market with structure experiencing several major corrections, however the previous lower high hasn't been broken yet thus remains our thesis. Several things to note: - This is a buyers market with price structure experiencing several major corrections - From the daily chart, we can see price reached a high that was last touched on...

betanajc Updated  Oct 5, 2017

I thought this was pretty interesting: Fibonacci zones with supply zones. Oh, the wonders of nature.

betanajc Oct 4, 2017

Waiting for a potential sell setup for this trade. - Momentum is bearish - ADX showing bearish activity - Will wait for a setup

betanajc Oct 4, 2017

- Currently no setups - Price is consolidating--not enough possible confluence to consider a trade - Waiting is the game

betanajc Oct 4, 2017

Following the previous analysis, this remains a bearish market. I will now be waiting for a bearish setup for gold.

betanajc Oct 4, 2017

Major uptrend! - Price is experiencing a major correction - From the highest point prior to the push down, we saw price retrace to 38.2 and has now retraced to 23.6 - Sellers are trying to push the price down - Could form an inverted head and shoulders - At any case we're waiting for a buy signal - Will only enter if it breaks trendline, forms inverted H&S,...

betanajc Oct 4, 2017

- Major trendline and structure was broken - RSI divergence on H1 for uptrend - Price is playing around 38.2 + demand - Could be a good buy setup soon

betanajc Oct 3, 2017

Currently looking for a long position in the market. Price is now playing around 23.6 along with trendline and h4 support. Will be waiting for confirmation before entering.

betanajc Oct 3, 2017

GBPUSD is a sellers market right now! - Daily overall trend is bullish and market seems to be going through major correction - Zoom in to H4 and you will find that the market is still showing bearish signs - However zoom in to H1, you will see price forming a possible wammie with RSI divergence As the saying goes, sell in a sellers market and buy in a buyers...

betanajc Updated  Oct 2, 2017

(Couldn't sleep so might as well have some fun) - Overall market trend based on daily chart is bullish. - Price has experienced several noticeable retracements; one of which we used to plot the Fibonacci zones - Price respected these zones on H4 noticeably - H1 shows strong bullish momentum however the bearish candles are bigger in contrast to the bullish...

betanajc Updated  Sep 29, 2017

Price is currently in a bullish momentum as price is making higher highs along in accordance with the overall market trend. For us to get on a bullish trend we would need bullish confluence. Nonetheless we must pay attention to any bullish market structure and patterns. The analysis might seem a bit convoluted but what we're basically seeing is the market...

betanajc Sep 29, 2017

(Really wish there was an option to share charts of different timeframes) Howdy folks: - Bullish trend's market structure was recently broken and now we're looking at a bearish market - Daily chart shows substantial bearish momentum - H4 chart exemplified two head and shoulders that were sort of meshed together - H1 chart also shows strong bearish...