Looking at the chart, we can see a "Bullish Triangle" forming, which could see the price rocket to the upside.
For this, the entry must be confirmed, I will be looking for confirmation via a break out of the Bullish Triangle. Once/if price breaks out of the Bullish triangle I will be entering a long trade with 2 take profits. The first take profit will be at the...
Today we will look at the cryptocurrencies capitalization chart to complement the previous analysis. If we want to know what the market is like, it is not enough to do just a bitcoin analysis. The world's leading traders are doing the following analyzes - bitcoin, BTC dominance, cryptocurrency capitalization and long / short ratio. After such a...
The last Weekly candle gave us a pretty bearish sign for the upcoming days/weeks. So, considering that, we have to find an optimal trade entry to go short. I have an area which stays around 0.92000, it is pretty wide but there is a reason why it is like it is.
A possible reversal area consists of:
1. The round number 0.92000 should act as a resistance...
DXY breaking out of possible 3-4 yr bull flag, we take out the 2015-16 highs look to top of RED channel 108.85 range breaks that channel then upper level to 2002 highs is possible 121. Over that well then for insanity 160? yeah I know nuts. But DXY USDollar "cleanest" dirtiest shirt syndrome. I'm looking for the demise of the EURO, look to BREXIT, Italian...
EURJPY consolidates around 117.6 structure support setting lower highs.
if bears break below a key support, we can expect bearish continuation to lower structure level 116.1.
*Stop to breakeven when the market reaches 117.0
Fundamental: Earlier this week as the stock market took a horrific tumble over weakening macroeconomic fundamentals, fears of a recession sprang up as an economist focused on an inverted yield curve on treasury bonds.This week the slope on US Treasury bonds became inverted and for economists and market analysts, this is typically an indicator that a recession...
Vechain has made more progress in the past two years than most other alts combined. You really think it's going to zero?!
We've got a clear falling wedge on the daily with a bull div on the volume oscillator.
Not to mention the $25m open market buyback that's only 2% completed so far.
I'm longing this. Countertrade the green dude at your own peril.
EURO|USD: Episode (1)- Series: Major Currencies and Currency Indices -18th of August 2019 (8-9 Minute Read)
3 Contingencies upon which the timing of this analysis is based on: Brexit(Finally) Happening in the next 6 months, similarly expecting a US/China Trade deal in the same time-frame, and of course later on Trump winning 2020. I have to reiterate here, that I...
Fundamental: The main focus for gold traders remains the Chinese yuan mid-point fix because it seems to set in motion all the other events that have been driving the price action this week such as the direction of global bond yields and demand for risky assets.The People’s Bank of China fixed its midpoint for the yuan at 7.0136 against the dollar on Friday – the...
dollar index is currently coiling within a rising parallel channel.
be focused on 98.2 structure resistance level.
there is a very high chance to see a bearish reaction on this level.
if bears break and close below the channel,
we can expect bearish continuation to 97.5 and 97.0 levels
1. The trend is your friend
2. Channels should act as resistance levels
4. Fibo Extension
6. Previously worked support becomes resistance
7! To execute it wait for a bearish price action from the gray area.
Do your own research and if this matching with mine then you are ready to go!
The pair failed to breakout from a key resistance line, which will send the pair lower towards a major support line. Unpredictability was seen to be playing its game on the EU-Mercosur trade negotiations. The 20 years negotiation between the European Union and Brazil had finally come into an end after the two (2) economies agreed to draft deal which will open the...