WTI has closed its GAP and tested upper line of the red wedge 1h so it may not look good on this 4h. now we are testing 4h trend line support line, maximum down is blue line, if/when wedge top line broken TP 62.00. For me WTI is in BOED mode
If you don't have time to see chart - don't Short ( for Scalping only)
if you over trade - don't trade this time
Gold rise >1% so don't hurry to all in.
only use Buy on dip or use suitable lot for your account.
This idea only update and confirm Target price
I change Target to 1494.
*** Invalid this idea when gold drop below 1451
Undervalued using Divi Yield Theory by 38%. Currently 5 Star stock from M*.
Buying on support for a long lasting dividend stock, it is not a high dividend bu it has increased for 19 consecutive years and 6.42% growth rate last 5.
Still in downtrend but has already bounced off demand line once. Perfect time to start accumulation.
AUDUSD Buy on H1 if:
- breaking Resistance, turns to support level
- Re-test the support level and continue to move up
- Above EMA 200 H1
AUDUSD is now at the D1 Support zone, buy on dip is safe for this pair
But, it's still trapped in W1 triangle range, be careful of this
My quant model predicts
Profitability: it has a high probability(68%) to rebound at this level.
Worst Case: it could drop to $88.44
Money Management: Bet no more than 12% of capital
Suggested Strategy: long stock for 5 Days
We like FAANG Facebook , Amazon , Apple , Netflix, and Alphabet
Then we play long with them
Major resistance : All time high , 1200
Major support : 1000
Major trend : Uptrend
Status : ranges in 1000-1200 (It could be triangle form - waiting market to pick direction)
Chance to buy (buy on dips) in area 1000-below
with SL below area 900 TP All time high /...