DENCHMON

DENCHMON

Constant good news, has hit The FTSE upwards last week. A pullback is possible and then the continuation of trend.

DENCHMON

My idea for the movement of gold 08/03/2021. Still bearish but for how long...

DENCHMON

Structure looks good. Should be a easy scalp or long hold from support at 6500.

DENCHMON

IF we are consolidating, this is the structure IMO.

DENCHMON

After Finding support oil should resume its bullish movement. Could face resistance on the way up so there's potential for pullback and re-entries.

DENCHMON

If this isn't a correction. I'm just going to leave this here.

DENCHMON

What I see happening from a technical view of BTC. We have left the moon, the new challenge is mars.

DENCHMON

GJ has some momentum probably due to fundamentals. If this pair stays bullish 156 is a place for future concern.

DENCHMON

Support found at 6600 could mean a push to 6700 - 6800. Breaking 6600 there's a possibility of testing 6450 and a rebound or climb back up to 6700.

DENCHMON

Possibility of this being support, S&P also shows the same movement.

DENCHMON

Golds been very uneventful but Silver is definitely bullish. Gold has found support within our purple rectangle and this indicates gold may try to push higher and test the previous high at 1840. If 1840 turns support then that's a chance to get in on gold and be part of its bull run.

DENCHMON

An Extremely Bullish FTSE100 going into next week. Possible all time high in the next coming weeks. 6430 has turned support.

DENCHMON

Follow up! 39600-39100 is my area for this support, a fall any lower and my short term bias is bearish to 38000.

DENCHMON

Carrying on from last analysis.

DENCHMON Updated 

Our support trend line shows where we would expect gold to come to if it was to be bearish. Our resistance trendline shows where gold should break if we want to continue moving bullish, last week gold tested 1827 support twice before strongly exiting our bearish rectangle and created support upon the resistance trendline prompting that gold may be looking to go...

DENCHMON

Overall GBPJPY is a bearish pair(look at the higher time frames). Many are anticipating another big fall for the pair and its definitely possible, currently siting at 70% fib retrace and a slow painful grind upwards. Our golden rectangle is where things matter. A rejection or failure to hold above could be the stone in water show.

DENCHMON

As we failed to make any new highs after forming the head and shoulder... bias remains bearish but we also failed to break 54.50 and in our last move upwards found resistance at 55.50 which had been previous support.

DENCHMON

Been holding this short trade since last week Monday and it seems to still be very valid. 6600-6400 seems to be a an area that price is going to find support and once it is found, a massive drive upside could be possible with new ATH for the FTSE.