Gold/USD is moving inside the ascending triangle Pattern and held above the current up trendline in weekly chart. Recently it hit an upper line of the resistance. If the price action do retrace, I assume the current up trendline or fibonacci line would be a good bounce in price action and buy opportunity. Indicators: Macd line cross over with signal line for...
On the weekly chart.. Price action is all above the Moving averages. From DMI also look bullish, DMI+ spikes up above DMI- indicate a bullish trend. Keep in mind that DMX is still below 25 which is very low momentum strength for now. it also possible it would broke the short term trendline within the symmetrical triangle and retest the yellow trendline...
kcell jsc reg.shs:Being consolidated within "3.63 & 4.66"channel ,High stabilization of the above mentioned channel Triggers a bullish trend. In general, low risk is evaluated . . Target 1: 7.12 . Target 2 : 9.24
Looks bullish.. looking forward a retracement into +- 4 $ or emas line after it's challenging the resistance at $ 4.28 Indicator looks bullish, volume is rising rapidly. DMI : +DMI is rising and -DMI is dropping hard creating a huge range between them, bullish also DMX is rising too.. bullish momentum is increasing Macd : buy histogram is higher than the...
Looking bearish since 2016 as the price made a higher low until now. i expect a heavy resistance at 15.177 ( 200 SMA and the down trendline since 2016). Support around 14.268 ( recent low and been a support from a past time) peace,,,
U.S. tech-heavy index, NASDAQ100 to face further decline as China steps up its own effort to counter U.S. tariff of 25 percent on Chinese goods worth $250 billion. We previously discussed how the tariff war would hurt both countries and President Trump’s determination to bring back manufacturing jobs back in the United States would cost U.S. technology companies,...
The FTSE100 appears as though it is forming a simple bearish flag formation. I would be a little cautious on looking at this as a Head and Shoulders formation, however it does look like we could be forming that as well. (leave a comment below letting me know what you think) The move to the downside would be a measured move from the first leg down which was...
EFC Indicator is based on a RSI 20/80 level rules EFC Indicator finds the last 50 candles fractal low EFC marks entry point of breakout of that fractal low's high Stop Loss and Take Profit are set at a 1 x 2 risk reward ratio I added Williams %R (10 period, -10,-90, hort. line-50)to act as a confirmation of a good bearish downward move Price and %R are...
After Trump announced more tariffs on China we can see that the S&P 500 has propped down quite strongly, hitting a solid support at 2860. We can also see that the drop was caused buy a very solid multiple to rejection. Is this pullback a setup to Blow past our double top or will it continue to consolidate in it's current zones?
buyers are tired now i see more downside move from the Nasdaq100 targets in Oder in case im wrong.
If only every single trading day was like this one. 15 minutes in and I was able to call it a day. A very nice follow through right as I entered the trade, the market never looked in the opposite direction. The thing I have to improve on is when I'm scaling out to maybe leave the last portion run a little more instead of setting a "hard target". Hope you...
Hey everyone, Today was probably a day that I shouldn't have taken any trades. Seeing as how it's Labour Day across many countries in Europe it seem like it translated onto the FTSE100 as well even though it wasn't a holiday in the UK. Nevertheless, the thesis for the proved to be right was just caught in a choppy market/ Hope you enjoy the video! :) Broker...
Last week, we got a really strong rejection from the higher levels which ended up with a bearish candlestick pattern! The rejection came (trade criteria): 1. From the Fibonacci golden ratio of 62% 2. From the previously worked resistance level (blue line) 3. From the previously worked support levels which now becomes resistance (orange lines) 4. From the ABC...
CFDs on Natural Gas OANDA:NATGASUSD NATGASUSD, H4: Continuous moving towards : Sell