GBPUSD Trading Journal Jan29 Happy Lunar New Year-Wood Snake 2025 As I mentioned in my DXY journal, yesterday is a day when its termed high resistance- The whip saw back and forth with wicks and bodies layered is a sign TO TAKE THE DAY OFF AND SHUT DOWN THE COMPUTER. Price did break out to the low side and take sell stops and rebalance a Hourly FVG, however a false breakout at best. Weak red folder in NY. Price is delivering to discount on the daily range. However the previous days range is in a Premium. It seems likely that Price will want to gravitate to the Hourly FVG at the 50%. Today USD has 3 red folders so I will watch from the side lines unless I see the stars align set up and have all the confidence my analysis is correct I will paper trade. LOL
I am posting this chart for a guide as to where if we still need to go to complete the advance ! best of trades the Wavetimer
The chart shows a breakdown from a descending wedge pattern, followed by a retest of the broken support turned resistance. A short position has been placed, anticipating further downside. The price is currently testing the retest zone, and rejection from this level could confirm continuation to the downside. The stop-loss is strategically placed above 455.10, beyond a key resistance level, to minimize risk in case of a failed breakdown. The take-profit target is set near 224.56, aligning with a significant demand zone. The current price of 335.94 indicates minor volatility, but the structure suggests a potential bearish continuation if the price fails to reclaim the resistance zone. If the breakdown holds, the next move could accelerate towards lower levels, making this a crucial moment for price confirmation. A reclaim of the resistance zone could invalidate the setup and trigger a short squeeze. The market’s reaction at this level will determine the next directional move.
President Trump's steadfast dedication to lowering oil prices is driving the decline in WTI prices. During the WEF in Davos, Switzerland, he made it clear that he would demand Saudi Arabia and OPEC to reduce the price of crude oil. He boldly stated that lower oil prices could potentially lead to an end to the war in Ukraine. According to CSIS, Trump's call for reduced oil prices is a positive move for consumers and businesses but it is the one that the US oil industry will regard with caution. Failing to rise above EMA21, USOIL shows consolidation near 73.40. The price remains within the descending channel, and both EMAs have widened apart, indicating a potential continuation of the bearish momentum. If USOIL fails to breach EMA21, the price may fall further to the support at 71.50, where the channel’s lower bound coincides. Conversely, if USOIL breaches above EMA21 and the channel’s upper bound, the price could gain upward momentum to 74.50
The chart posted is the blue chips SP 100 OEX .It is my View that All markets are that of fractals patterns the have a clear movement of math in a repeating Sequence . March 13th week if I am correct and we are into an OEX HIGH near 3273 we would be hitting the long term channel as well as my 1.4 to 3.4 % Breach of the monthly Bollinger band signal as well . I would then generate My Signal for the Major Top to End the bull move from march 9 2009 . I have posted the forecast for 2025 calling for a min drop of 20 % plus as I did in the bed8th forecast 2021 calling for a decline of mIn 20 plus . Well spirals as well as the Math and Bullish Sentiment models call a last wave up in what should be a blowoff ?? in a narrow but it is a new Paradigm !! The MIN decline in this signal has been 21.9 The avg has been 38% and the longest has been over 50 % . If we see a sharp drop over the next 3 td and we drop to 618 target 2886 plus or minus 4 I will move to a 120% long in the money Calls in SPY and QQQ . Best of Trades WAVETIMER After this top I will turn as Bearish as I did January 10th 2020 and dec 2021
I like the look of this company on a technical basis. Please see my previous post on this company for more information about the technicals.
ONON is a relatively new stock. However, the brand started in 2010 and it was actually even turned down years ago by NIKE years ago ( which I think makes it's emergence even better ) . Today, I had a meeting with a builder I provide services for .He was wearing these shoes , had great things to say about them too . He's an very active guy , does 50 k bike ride daily . Then when I was buying gas on the way home the attendant had these shoes on too ! He is the opposite of my builder likes to go home and chill after work , watch tv , eat some snacks ect ect ( I normally chat with him when I buy gas ) ,The gas attendant said he loved the shoes too and that they were actually " the comfiest shoes he has ever had" . At this point I was realizing that today my trip into town potentially had a new unexpected purpose... I have had a list for the last week down to only 3 names and they were NFLX,NVDA and ONON. I was 99% set on NFLX to startup a new swing account dedicated to only one name at a time, these daily events actually enticed me to change over to ONON and I figured that was worth a writeup. I looked at the chart again in after hours and decided to take my first trade and commit to ONON. The stock has the eps/sales and story and I think its a TML ... I'm excited and have some conviction for it now after today ... I am hoping it does well , my criteria to trade it is that it must stay above the most recent GLB line , here it is shown in green . This wiki article is a good one if your interested ...talks about NIKE part too ... https://en.wikipedia.org/wiki/On_(company)#:~:text=On%20was%20first%20incorporated%20as,Swiss%20professional%20triathlete%20Nicola%20Spirig.
Are AI Agents still the future? ? $GRIFFAIN down 61% over 7D $AIXBT down 55% over 14D SPARKS:VIRTUAL down 63% over 27D $AI16z down 77% over 27D $ZEREBRO down 89% in 27D MIL:GOAT down 86% over 73D WHAT HAPPENED !? I was told this time was different ??
Hi Traders Pair: USDCHF ? Position: SHORT (SELL ) ✅ Entry: 0.90500 ? SL: 0.90800 ? Take Profits: • TP 1: 0.90200 • TP 2: 0.89900 • TP 3: 0.89600 (Trailing SL)
This is a weekly of AMZN. I see a bull flag which had a breakout, a pullback, then so far a bullish engulfing weekly candle has been forming. Adding.