Points to consider on today's chart BTC/USD
- Bullish trend over all but signs showing for reversal
- Current resistance at 0.618 Fibbonacci Zone
- Current support is at 0.5 Fibbonacci Zone
- Stoch on downwards momentum
- RSI on down trend hitting resistance
- EMA's and Volume currently Nuetral
BTC is still in a macro down trend, a move is...
We have already had some great shorts on Brent of the past few weeks and now we have just cleared out the support of $80.00 we can continue to look for the short positions.
We have to be aware that the weekly chart is still in an uptrend and until its breaks the weekly lows of $70.34 we should be cautious in holding long term short positions.
Looking at the...
In this video I talk about the bearish inside bar fake-out pattern that has formed on the daily charts in the gold futures market. I cover a short educational lesson on the important of market key support and resistance levels ahead of time. Finally I cover some potential entry / stop loss / profit taking levels for short sellers.
It was stopped cleanly at MPP 3.028 last weekend and pushed back, it raised it again, but this time it was pushed back to double zero 3.000.
In terms of weekly chart, it is sometimes the center of the range, and in the long term it is a market where we can not imagine which direction it will go.
Brent Crude Oil continues to trend reasonably well since bottoming out around $44 June last year. We then saw a break through resistance at $58.35 in October which may have provided an aggressive entry for traders keen to catch the beginning of a potential bull trend , a few months later though further conviction of upside momentum was seen as price paused at the...
USDJPY 0.17% - Long Order
Anyone who follows my ideas should know I trade off a basic 4H MA trend strategy.
GMT (02:00) will be the end of a correct Long setup and entry for this pair.
1. MA20 above MA60
2. Price must cross MA20 from below
3. Test MA20 for support
4. Create bullish 4H candle after test of support
Entry: Enter Long on close...
HI PEOPLE. JUST WANTED TO SHARE MY ANALISIS ON USOIL.
I HAVE BEEN FOLLOWING THE WAVE PRINCIPLES TO MANAGE TO KNOW WHAT IS OIL GOING TO DO THE NEXT 2 MONTHS.
I AM LOOKING FOR A SHORT POSITION FROM BLUE -B- UNTIL BLUE -C-
THEN A MEGA LONG POSITION FROM BLUE -C- ! MY TARGET WILL BE THAT HIGH...THAT IS NOT VISIBLE IN THE CHART.
IF I WERE YOU I WOULD WAIT FOR THE...