Talking Points: DXY Technical Strategy: Keeping bullish outlook but temporary correction due Elliottwave Count : Nested impulsive count, wave 4 correction is due Analysis DXY (Dollar Index) is trading impulsive in post election session and able to break channel resistance. We were calling reversal from 19-Aug-2016 and looking for 100 levels during August...
On the daily chart we can see how the price, after a sharply upward move, stops near an important resistance. After a nice white candle, we can see how the price action shapes a long legged doji, after that it shapes a reversal hammer (not so nice). Furthermore, these two reversal signals shape a tweezer top. Thus, we have different reversal signals that can give...
S&P 500 is reaching its previous all-time high! Monitor this index closely. If it manages to break the Resistance Zone, we are bullish for it. If there are few bearish signals appeared around resistance zone, we are bearish for it. If shorting S&P 500, it will be a high risk to reward trade :)
Hi guys, today i want to share a view similar to the GBPJPY one. As we can see above, price has been clearly in a downtrend lately. Now we are heading toward the former resistance level that could turn into support. So we've created a little blue zone, in which we are going to seek for shorting opportunities in lower timeframes. The risk to reward i put down in...
Wait until Wednesday latest if the price doesn't fall then buy. Using price action $30 shows bullish momentum supply and demand has been outlined. With weekly highs being touched price should lower, then jump up again. For now i would wait. If price does go towards and touches support at $27 mark i would definitely be buying this market
Gold has been on a strong rally all year. It appears to be pausing for the moment and refusing to make and lower lows or higher highs. To me this looks like the Market is flagging and pending a breakout. If it breaks out to the upside look for $1,400 to get tagged. If it breaks lower look for $1,250's to get tagged. I have no idea which way this will break......
If we look at Pierre's analysis we can see that in the next houers the market will go up. But when it touches the trendline it will go down again. As we can see, there's forming a triangle with a horizontal bottom line. An indicator for the market breaking soon or later the triangle in order to go down. But after the market breaks out, it will situate itself in an...
My view on gold right now,it looks like its forming a bullish pennant for now but a bigger correction its not excluded.
AUD/USD , Daily Chart. RSI (9,close), EMA (21, RSI). Shoulder, Head, Shoulder Probably Pattern. Entering zone 0.74930. Risk Reward Ratio: 3.25
NZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out. I...
"Dude!" That's right, time to get out your FX surfboards. Until later today when US data and the ECB president Mario speaks you can be sure that we are going to be riding the combined waves of Elliot and Fib. Short term binary CALLS are what in my opinion will work here, but please do keep in mind EVERY single trade is a risk. And this is just MY OPINION. That...
This is my last idea in #EURGBP after #BREXIT. We need to wait a little correction by the "bears", and after we can enter in this strategy. RISK REWARD RATIO: 3.63 Entering Channel: 0.80200 -> 0.8300 Take Profit 1:0.8400 Take Profit 2: 0.8500 Take Profit 3:0.8600 Stop Loss: 07860
Copper is at an interesting area right now, i am not trading it but like you can see on the chart there are some nice confluence of bullish patterns, divergence and support that can push it higher for the upcoming weeks.
Possible head and shoulders pattern forming on daily that could bring a lot of short opportunities in the near future.
Swissy short setup on daily time frame