Sellsetup
Seeing a Sell of Coming on DOWWill be taking sell positions once my sell zone triggers. Over all target will be 31,500. But will take 80% off at the weekly low.
GBPUSD - Bear Play Hi everyone
We currently entering into a strong sellzone for Cable. Protective stops noted in the blue shaded area
Based on the 4hr movement - showed us strong bullish momentum. We had a market structure shift to the downside but stops are being targeted and raided.
strong believe price will start reaching for lower areas now - BEAR power
Target area
- 1.21790
- 1.21130
Stops
- 1.23100
I will update on this as the week plays out
Stay safe
Bottom found for bitcoin Final too I see and expect 30-35K at least for a long drop. Feds are still raising interest rates but will do 1 more in May. The economy are feeling the pressure of the inflation but very shaky;
Unemployment is nearly almost 5 percent but might expect to hit 10 percent as the recession are coming hard landing; something bigger going to break but buy Bitcoin Wisely, choice hard to sell the high and buy new entry with big money until bitcoin hits the bottom.
Russia and China teamed up in Ukraine even Belarus just made a nuclear threat.. World War 3 will start soon and big feeling Putin will start it off using nuclear weapons.
Wonder what will happens next it is coming closer than we think will be.
Now the news out of the way ..
bitcoin is near at the resistance if it breaks out it will not go fully as we speak because the Feds still needs to finish the job to bring the inflation down. Bitcoin has to hit 30-35K in order to complete the correction and will expect Zig-Zag bearish structure and sideways consolidation; * HINT,HINT* bitcoin will forcefully collapse to drop down into a recession. Bitcoin bull run won’t start until 2024 and until also Feds finish the job.
Bitcoin halving takes place in 2024 of April.
Short buys and sells will still on a go ; trade safe and economy isn’t really in a good shape.
Gold sell setup Based on the fact that the DXY is still bullish and we could have a potential push soon i believe gold is close to fall.
This is the setup i'm looking for.
As you can see we have taken out sellers from NY session from the start of the week, this could lead to inducing more buyers now to the market as they will see a b/r happening.
So the market has now a lot of buyers trapped in this area where there is enough liquidity to make the price push down.
In line we also have a fib extension coming into play that could indicate price is about to push down.
This doesn't take away that gold could to 2000 or above. But the market knows retail is looking for those psychological levels, so they either push/drop price just under that psychological level.
That's the reason why in this case i'm using my Sl at 2000 because if we go over it ofc our sells are located higher.
But for now in-line with what potentially the dxy could do this is what i'm going for.