Don't think we are due any big moves over the next 7 days, more chance of chop and accumulation before we head up any further so I plan to take small profits often, playing both long and short on any pops and drops
The pair went through a mini roller-coaster Wed's session. Price dipped to 0.9930 in Europe b4 rebounding to session highs of 0.99 68 in NY but only to fall to 0.9929 after announcement of Trump's tax plan.
. Looking at the daily chart, despite dlr's resumption of MT fall fm 2016 6-year peak at 1.0344 after breaking Jan's low at 0.9862 to a 4-month bottom at...
The price in the encircled area is very choppy which brings me to believe it is going to follow its previous impulse up. There is no projection of how far it could go. However, any upside breakout might mean the BIG UPMOVE for EUR/NZD. This is why I am going to grab each opportunity.
Central banks are (again) helping bulls by keeping the stimulus active until they see higher inflation - according to rumors and speculation of the last three days, ahead of the next ECB meeting this Thursday, October 20, 2016, where Mario Draghi might surprise the market to the upside again, after the reaction to the last meeting was a falling stock market.
This...
Up until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles.
Currently we...
The pound have been on a very choppy ride sideways lately, but what means bad conditions for others, means good conditions for harmonic patterns, or fib structures.
So here we got a Bat pattern setup on the GBPUSD we had an Cypher earlier that got invalid, and turned in to this setup where we are going short at 1,43183 at our PRZ level, stops and targets are on...
(Disclaimer: I have posted several short ideas on ES/SPY/SPX since the start of the year - I have played some of them for quick profits, also have gotten burned a couple times; it's safe to conclude that so far, the bullish trend hasn't been broken, but hasn't accelerated either. And even if the S&P 500 just made a new closing high today, it's still stuck in the...
The correction on Sunday, February 16 was too strong to allow the uptrend to resume. We we will see several days of choppiness until we could be fully back in the despair trend.
The last uptrend was way too fast:
Update: It looked like the moon dream is over, but my chart showed my I was wrong.
