Following Thursday’s moderate retracement, the sky has been the limit for October WTI crude oil futures. Since the traditional New York pit open at 9:00 AM EST, prices have risen more than $.50. The Trade Counter-trend scalps beneath $70.00 are likely to produce positive price action. Sells from $69.92 with an initial stop at $70.01 produce 5-8 quick...
EURUSD EUR broke important support at the 1.15088 line on Friday and then collapsed in a near straight line towards the next line of support at 1.13679, after making a low 19 pips above here so far. All these lines on DXY and Gold and here too are weeks old and none of these charts have had to be updated or amended....showing how slooooow most markets are...
here is a AB=CD pattern that has bullish sentiment. the "C" point is a 786 retracement of the AB. so as outlined in Scott Carney's book Harmonic Trading VOL 1 the 786 uses a BC projection of the 1.27, and the pattern completes the ABC extension beautifully with maybe a pip or less under the BC projection. Because this is a counter trend trade I am aiming for only ...
Hey traders! I wanted to spend a few minutes walking you through my broad stroke analysis on the EURUSD and what trading opportunities I'll be watching for the week ahead. Akil
Since Reece and Bonavest departed Whalepool and Cloud and Webscrapper are absent I have had to resort to the use of a new set of counter indicators. BinaryEchos and SpreadSheet Warrior have been spewing bullish narratives which I have implemented as sell signals, I have implemented Webscrappers selected TA of 8 hour heiken ashi candles on this chart which indicate...
Spotted this as a counter-trend trade, target and actual entry posted in private groups.
Experimenting with the new fib spiral counter clockwise feature!! Pretty solid if you ask me :) Shout-out to TV dev team ! Enjoy!! Cheers, Keops
EURUSD 30th May EUR has finally reached the month-long downside target at 1.1558 just in time for the end of the May. It actually exceeded the target by 45 pips before reversing higher and creating the first strong green candles of buying intent the market has seen for months now. But the counter rally is running out of momentum now whilst DXY holds above...
WEEKLY RES HOLDS FIRM AT .7575 AS WE TRADE UNDER THIS LEVEL FOR MORE THAN A WEEK STRAIGHT!! * Counter Trendline Break *Daily Rejection *200 MA holds as another level of rejection *Daily 38.2 Fib level holds firm This is more than enough indication that another bear leg is on the way!! Can we see .7300???
EURUSD Trying For Break-Out Counter-Rally now Using DXY as the confirming signal (please see DXY updates) we've been short EURUSD for some time now, looking for a test of 94.20 on DXY as the likely medium term top for Dollar strength across the pairs. That came yesterday (too busy shorting Bitcoin to notice, sorry for that). But EUR didn't quite make it to...
EURUSD Update After rallying from the downside target off the 1.1721 line EUR has made it to the near term upside target centred around the 1.1821 line and been met with a barrage of persistant selling from there over the last 6 hours creating a series of rejection spikes above the line. If you shorted from here again lower the stop to 1.1787. It's been sold...
EURUSD After another rally back to the upper parallel precisely EUR has fallen to the target at 1.1915 after an intra-day low at 1.1910. It should now attempt a feeble rally back to 1.1946 and the upper parallel at best before it falls away again. And unless it can find a double bottom at 1.1910 when it next comes off the likelihood remains that it will decline...
EURUSD: Another Counter-Rally prior to decline to 1.1915 Target Having made the counter-rally back to the upper parallel EUR has continued its expected down-trend. It's now touching the next support line at 1.2027 and likley to make another small counter rally to 1.2067 and at highest to 1.2094 before it falls away again to the 1.1915 downside target towards mid May.
This looks to be an optimal entry for a quick trade on XCP, or a long term hold of about 150 days if you choose
I'm looking for a counter trend trade on this. PIVX broke and hold above the 0.0005 level. There are many times that push the price back down and leaved wicks and showed the strength of Seller but the Buyer keep pushing higher high and lower low (Also means Buyer's strength).
ETHUSD Range trading whilst DXY rallies Dollar strength today is forcing Alts onto a back foot. See DXY charts and comments to get a better handle on when to trade these, needing DXY weakness to really thrive with the tail- wind behind them. But when this littel dollar counter-rally ends DXY should fall back to 91, over 2% from here and give the Alts a big...
DXY Dollar Index Small counter-rally before further weakness DXY has crashed into the near term target zone at 92.74 - 92.55 (target 92.64) and bounced. It looks like it will consolidate by moving sideways to upwards, at best to test the upper parallel before it falls away again. When 92.50 gives way it should fall a further 1.5% to 91.01. This move, when...
GE Next Buy Points We never got a chance for a long down by the lows, but we did get the next one: the break above the small parallels channelling the tiny corrective move yesterday and Monday. It was a really good, painless/stress-free break too. So now, after GE filled a small gap (left on chart) it's coming back to support at 18.07 (tweaked by a couple...