Gold has came back down to the 100 SMA on the Daily timeframe which is also in confluence with a support level. On the weekly timeframe, a bullish hammer has formed and to make this trade even better, in terms of oscillators, gold is oversold. TP for me is the previous weekly high and my stop will be just under the weekly bullish hammers low.
*IDEA Potential short idea for EURUSD, I feel that this is right about the time where EURUSD will have a pretty big retracement... Top of Channel: 1.1260 Bottom of Channel: 1.1167 Weakening trend from CCI indicator... Thoughts?
*IDEA *Update Drew in the upper and moved the lower trendline...
*IDEA CCI possible future trend break, keeping a close eye on it... possible future update...
*IDEA Possible CCI trend break, might be a little early, might adjust in the future...
*IDEA Possible GBPJPY short, watch for the trend break on CCI
The EUR/USD will most likely increase in price to the 200 MA and the 100 MA will provide support, as shown in the past, furthermore the CCI seems to be in a ascending triangle pattern so there could be a short-term increase in price coming up.
Gold may go up for the target of 1274, making a next green weekly candle
Over the past year and a half TDC has formed what looks like a double cup and handle, where the handle for the first cup&handle formation is the cup for the 2nd cup&handle. Supporting Information: - Formation began with a large gap down from $36.12 to $33.03 on 8/6/15 - A strong resistance/support line (currently support) at about $30.70, which also constitutes...
since he he couldn't pass&hold 1260 twice in a row,i see this option ahead.
- Stock hitting resistance at 61.8% retracement from multi-year highs. - CCI shows a bearish divergence. While this bearish divergence also showed up in the middle of 2016 and stock continued to trend up, this time the RSI shows the stock is overbought. I would expect a pullback to the original trend line, possibly back to 50% retracement before an uptrend is...
For the subscribers to Key Hidden Levels: Background info on the chart: Green arrows with lines to the right are "earnings releases" which I call "key hidden levels". The "volume profile" begins from the Presidential Election. The red line near the bottom is the RgMov indicator (Range-Movement). TREND: Determine the trend. The trend is when RgMov is...