Weekly Review
- Markets keep going up
- Keep correcting the downside from 2018 that did not make sense
- Markets are bullish but the volume is lower so the vulnerability is bigger
- Negotiations between China and USA
- Some memorandums will be confirmed and they will keep extending the deadlines that probably will take until summer
- We should receive some...
given the technical bullish pendant confirmation on USDJPY, the USD will bull against the YEN, more so the fundamental release of the BOJ monitory policy decision scheduled for Thursday, the yen will surely weaken against the buck and loonie
Looking to hear some others thoughts on this Head and Shoulders formation, and whether others think its completed or still going down farther. Currently short-term looks like it will turn bullish.
What do you think? Looking forward to seeing others ideas.
Short video update on LTC and what i'm seeing in my charts. Start this one off a bit different in showing I just purchased some LTC earlier today and explain why I did so.
This is not trading advice, so don't follow me.
I hope you enjoyed, give a like and leave a comment.
This is a running thread for ₿itcoin BITFINEX:BTCUSD updates and thoughts. The idea here is marked as long until we are out of a Bull market, then the trade will be marked as "closed".
Shown above the Weekly Tom Demark Sequential shows we are at a 8 count on the trend cycle, the close of that candle happens tomorrow. Regardless of the bearish divergences seen...
1. Strong momentum pushing price higher above support levels
2. If there is a break in price action here, we can opt to go short to trade an inner cycle. However, note that this would be trading against the larger trend at work!
EUR/USD Butterfly Pattern on 1hour, XA 78.6 and C at 78.6 of AB PRZ at 1.272 of XA and AB = CD 1.272. Entry point could be varied as the price approach 1.1145 area. Price action also makes lower highs and lower lows, begining of a downtrend.
So today on FX:NZDUSD we have a very nice setup to go long.
The price is ranging between the channel and hit the support level @0.6312, with the confluence of daily S2.
Now price is more likely to go up at leas @0.6355 level and then hit the channel resist once more @0.6404, and here at this level we have a very nice fibs 1.272 confluence.
Avto_T
Green...
