Just an update. Regardless of the upswings we are still in a bearish mid term trend pattern in my opinion. Every bear market has bullish trends, and every bull market bearish. Understanding the difference is key to understanding how the market moves. I do not see anything on the chart that changes my mind at this time. I noted yesterday that I took some of my ...
ETHUSD Update: Another failed attempt to break the 271 to 291 resistance zone which does not support the bullish argument in terms of price action. If this market has any real buying, the proof will be a sustained break of the 300 weekly high.
If price does not break above the 300 level in its current attempt to rally, it will have sucked in liquidity for the ...
The price is going to bounce from the uptrend line. MACD lines confirm upward movement in short term. DMI allows open long trades. It's trading opportunity and we can try to catch a possible upward movement. Place pending orders for buy at 0.00000370 level. Stop orders must be below the uptrend line and the support. It's 0.00000325 level. Profit targets are ...
This chart has helped me earlier predict the breakout above the long term resistance and sideways range. See related link below.
This is one of the key chart to watch if you are trading the EURUSD 0.05% pair. The inverse relation between:
-U.S. 10 year yield Subtracted by German 10 year yield (Top chart)
-EURUSD (Bottom Chart)
A simple chart that illustrates ...
Resistance overhead, momentum falling
Place a tight stop
Entry, Stop loss and Target defined
Risk Reward 2:84:1
Sean Vengan
Professional Trader and Trading Educator
DISCLAIMERS TO VIEWERS OF MY POSTS - PLEASE READ CAREFULLY
1. If you don't agree with my views or analysis then it's very simple, FOLLOW SOMEONE ELSE
2. I am not here to give you financial ...
NMR break trendline today, now still in 618 area.
Quick 20% target at Fibonacci retracement projection at 0.00462694
and you can MaxProfit target at previous analysis
Sideways action here...I'm waiting for fundamentals to evolve, the chart shows mixed signals that could develop into both a downtrend or an uptrend with equal chance...a bit leaning towards uptrend due to the long term chart, and also the poor follow through to the downside recently. Other than that, I don't yet have a good enough low risk setup here, so, I chose ...
The partnership between Google and HTC will have several HTC employees join Google's growing hardware division. Google also announced it acquired non-exclusive rights to some of HTC's intellectual property in a separate deal.
Upcoming products by Google will generate enough sale to boost revenue by 100% from Bottom by the end of this Fiscal year,
this October 4th, ...
Fresh supply zone ahead, possible retracement, short opportunity.
Stuff to remember:
— First look for significant move, then follow it to its origins where you might find a suitable level to evaluate further
— Make sure the initial move is significant on the same timeframe as the one you use for viewing your candidate level most clearly
— Check the ...
According to daily chart, EURUSD is on our short trade list.
A long-term trend line broke and a potential HS on the top.
Now using Channel ABC Reversal Strategy,
we need a short trade signal to confirm and to trade.
Less is more!
The chart every trader winces at, and you can see why. It's *horrifying*. Looking at the chart we can see that a clear 5-count impulse Elliot wave has played out, and we now appear to be in the first leg of corrective wave. Money flow indicator (CMF) is signaling sell, RSI is crashing after bearish divergence from the run up to $100, Stoch RSI is nosediving. There ...
Hey, guys. A new week starts and I am excited because it is the last week of my broker's contest that I take part in. It's been an 11-week battle (almost 3 months). Currently, I am #51 out of 2500 participants. And if you like the percentage: 51/2500= 2%. Enter 2% club? Not bad,uhh? As for trading approach, I have been trading the strategy illistrated here, on ...
Close on Friday was Below 1298
Not only psychological 1300 level itself but 1298 - 1299 area is pointed out as a strong sell level!
I will definitely sell.
If Gold breaks out upside I will close the sell after the pullback at BE and Go Long.
1299 is a transition type level so going short is not that risky since if broken upside will do a pullback.
In General ...
