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
Daily analysis for USDJPY showing some potential support and resistance zones.
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A confluence of Fibonacci and support line around a harmonic pattern spells a long opportunity. The price may try to reach a Fibonacci level of 127.2% at 85.76 but fail since it is seriously oversold. For those who can't wait for the formation to complete as indicated on the chart, wait for at least 87.5 to break set stop a few pips below 85.76
Right now I'm Still Neutral on SPX500. This could all change IF we break & close below the Major Support level on the Daily time frame. IF, we break & close below that level, THEN, I would expect Price to run back down to Previous Lows (Green Dashed lines on Chart) @ around 1880's level. So far in this Uptrend we have started making a series of Higher Lows which...
Nov 9 2015: BEARISH GBPUSD DAILY:Price break and close below support (Analysis Based on DAILY chart) Observations 1. Price near the bottom of short term down channel 2. Long term up channel (now broken) 2. RSI oversold NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
Nov 9 2015: BEARISH EURUSD DAILY: Price at down channel lows (Analysis Based on Daily charts) Criteria 1. Long term up channel (now broken) 2. Short term down channel (downside overshoot) 3. RSI oversold 4. Expecting some upside correction NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the...
Nov 3 2015: BEARISH USDJPY Daily:Consolidating in narrow range; Bearish BAT (Analysis Based on Daily chart) Observations 1. For the past couple of weeks this pair has been trading in a narrow range. 2. Price currently at resistance 3. RSI overbought at swing high 4. RSI hidden divergence 5. Bearish BAT pattern NOTE: Wait for price action to confirm the...
Thought I'd share what I'm looking for on this pair in the coming days, weeks. There's a broadening wedge forming thats right below a daily trend line. If PA breaks this trend line there might be a possible opportunity to get long. If price bounces off the trend then you can look for a shorting opportunity possibly back to the .70107 area (my support level). ...