This bearish outlook is due to applying a logarithmic scale, resulting in a rising wedge pattern which is confirmed by the ATR divergence and which has been breached, signalling the start of a new downtrend or simply a correction. If June's hanging man is confirmed, next target will probably be the bottom of the channel, but if price continues to decline and...
Should use the lower time frames to get precision on entries and exits.
Lumber futures appear to have topped against a massive monthly mode. You can go short with stops above the highs to be safe, target a retest of the uptrend mode from the lows. I overlaid EURUSD and USOIL so you can compare the price action. It's clear we're witneseeing a major dollar rally here. I wouldn't discard its significance. If you're not in any of my...
EURUSD: Buying on uptrend dips. Buying at yellow box zone. ADX is above 25, an indication for good uptrend trend. SL is ATR/2 which is 44 pip. Expected price to go up when touched 161.8% fibonacci level.
USDJPY: Will it continue bullish? Buying at 50% and 23% fibonacci level confluence. SL is ATR
USDCHF: Selling on downtrend retracement. Sell limit is at 50% fibonacci level. RSI 14 is oversold, expecting price to go up tp retrace. SL is ATR.
GBPUSD: RSI overbought. Selling. SL is ATR.
EURUSD: Good forecast for EUR in this few days. Buying. SL is ATR
AUDUSD: Monday Gap. Uptrend will collapse? Selling at 50% fibonacci retracement level. SL is ATR
GBPCAD: Reentry after Monday GAP. Entry at 38.2% fibonacci level. SL is ATR.
GBPCAD: Buying on RSI oversold. RSI 14 is approaching level 30.0. Buying. SL is ATR.
Price has retraced at 61.8% fibonacci level. Volatile news tomorrow on NZD. SL is ATR.
Expecting people dumping GBP following good forecast on USD in GBPUSD pair. Trendline is also touched. Fibonacci retracement at 61.8%. SL is ATR
GBPCHF: RSI overbought. Selling at 61.8% retracement level
EURUSD: Downtrend. Selling at MA10 touches. SL is ATR/2.
GBPAUD: RSI overbought. OA down. Selling at 50% retracement. SL is ATR.
In this chart we have a nice long setup, with a premature entry, based on a series of factors, ahead of the time at mode confirmation for this trade. Since we're above the mode, or most frequent price since the recent low, it's likely to see uptrend continuation, specially considering that the downtrend we had observed in the daily (see my related publications)...
AUDCAD: Selling following good forecast on CAD. SL is ATR.