HEY EVERYONE Here an idea on the US100 intra-day trade from an hour perspective. most details are on the chart so i hope this assests in anyway with your trading. The trading plan changes completelty should the ascending triangle structure hold, follow the price. LET'S SEE HOW IT GOES.. HAPPY TRADING...
HELLO EVERYONE Here's an idea on the S&P500 which is currently in an uptrend on higher time-frames but saw some losses in momentum in the last couple of days, targeting this pull back from higher time-frames. On the DAILY time-frames the index broke the 50 M.A and is currently retesting this moving average and support level now resistance level 3401.8 now will be...
HELLO EVERYONE Here's an idea on the DOLLAR INDEX that has seen seen some bullish moves in the last couples of weeks after a bearish trend since march. the INDEX broke the 50 M.A and is currently trading above this level. most of the details are in the chart so hope this idea assists in anyway on your trading of the index. LET'S SEE HOW IT GOES.. HAPPY TRADING...
GOOD DAY EVERYONE Here's an idea on the USOIL which closed at 37.01 looking at the monthly chart the oil just broke the 61.8 % fib testing resistance level 43. 27 where it was rejected and pushed down with the bears by almost 5% , currently trading at a significant level waiting to see a break of this level to see continuation with the bears targeting support...
HELLO EVERYONE Here's a look at GOLD/DOLLAR which experienced some strength last week as it was recovering from some worst levels since july. most of the details are in the chart. hope this idea assists in a way on your trades on the pair. LET'S SEE HOW IT GOES.. HAPPY TRADING...
- Rejection of 4HR 50MA - Lower lows - Potential cross of 200/50MA on 1hour - Pullback to 0.786 for better RR - Strong USD
- Strong YEN - Overall downtrend - Lower highs - Potential cross of 200/50MA on 1hour? - Pullback to 0.786 for better RR
- Rejection of 4HR 50MA - Lower lows - Cross of 200/50MA on 1hour - Pullback to 0.786 for better RR
- Strong YEN overall - Lower lows and lower highs - Want pullback to 0.786 level to line up with 50ma and create new lower high
QQQ about to get a reversal for the short term into #2 trend line. There are few reasons for that: 1. QQQ had amazing rally since March 2. On 2nd september, a correction from the high started. it blocked exactly at the 23% Fibonacci level (see linked overview) 3. after a small correction, QQQ fell down below 50MA 4. Now, after a correction, 50MA should be used as...
- Lower lows, lower highs - Break of 50MA on the daily - Recent cross of the 50/200MA on the 1hour - Pullback to 0.786, should tap the 50MA
- Overall uptrend on higher timeframes - Potential cross of 50/200MA? - New higher high formed - Rejection of 200ma and 0.786 fib for entry
- Overall uptrend on higher timeframes - Potential cross of 200/50MA? - Small drop to reject 200MA and 0.786 FIB for an entry - Higher highs/lows forming
- Creating new higher highs and higher lows - Weak CAD - Cross of 50/200MA - Pullback to 0.786 FIB and 50MA for entry
- Lower lows, lower highs - Break and rejection of 50MA - Rejection of 0.71 FIB - Want slight pullback to touch 0.71 FIB again for an entry
- New higher high formed, along with higher lows - Break of descending trendline - We've had a rejection of the 0.71 FIB and 50MA - Oil has dropped which affects the CAD negatively - Could enter around now, however, I expect a slight pullback to the 0.786 for a better entry
At first when the price action fell below the 200 MA on Friday, I was a bit nervous. Luckily we had a bounce back above the 200 hundred. Which then left the price action stuck between the 50 MA and the 200 MA. Leaving it a guessing game as which direction we might be heading. Oddly we have settled on a support line... which is the same suppot line when Biden...