It looks like we are watching the creation of a stop cross as it happened before in all major direction shifts. It is visible on the weekly chart.
I am looking a a possible Head And Shoulders formation on the Dollar Index. Should this setup unfold as I have it here, the target happens to be on a perfect retest level as well. Simple and clean setup which could give some good direction on some other pairs as well. Contact me via direct message for any assistance required Happy trading! Linton
EURUSD - Kejatuhan Bermula Oleh Muhamad Firdaus bin Majid CMT Apa yang telah berlaku: EURUSD akhirnya menunjukkan bahawa arah untuk beberapa minggu ini, EURUSD sudah bersedia untuk membuat fasa kejatuhan. Setelah 12 minggu berada dalam tren mendatar, akhirnya, EURUSD telah berjaya memecahkan garisan tengah Bollinger Bands. Ini adalah signal jelas...
As the saying goes, 'the trend is your friend' so down it goes. There could be a rally, but bitcoin is a fickle friend. Trust the lines, if we break through any of these lines with some strength, it may change the trend. For now, I think we are like the titanic, just playing music and watching it sink. Until the cold water of $4200 touches our feet, we will just...
The MA is getting within 10(MA) to 20(MA) being most useful but reactive so using McGinley Dynamic as possible buy/sell position indicator...and possibly expose future direction. Considering Bear Flag Formation, if flag pole initalised, triggers the next leg which will cross over/under Mcginley Dynamic indicator ($8200) and encounter large resistance to bounce...
In this Video Chart I just wanted to introduce new traders to another shiny tool they can add to their toolbox. I think for even the smaller time frame traders, looking at trend direction on the higher time frames like the daily is important to give bias to your positions. Because Renko bars are based on price and not on time this helps clear up all the noise of...
I've found a trend line that Bitcoin seems that it's adhering to (for now). I'm looking to buy at the bottom of red candles. Merry Christmas everyone!
I'm new to posting my ideas here. However, after watching the market for quite a while, I believe that simplicity in this market is the best indicator. Keep It Simple, using simple pattern formations like 'Head and Shoulders,' Pennants, Wedges, and Channels will help to determine which direction the market is going from big scale to small scale, depending on...
Could we simply see a small correction/pullback down to previous Daily support (that has been used as a Role Reversal multiple times) and continue up? 4H price action has this running up, again. Daily hasn't shown much of a struggle to continue up. Many other pairs have the USD pinned to make a decision on strength. I will be watching USDJPY and EURUSD closely...
Strong BEAR energy right now. Previous support/resistances are broken and you may be safer entering a sell for 100 pips than any long trades right now. Awaiting test of a 3rd touch to trendline and slow down from the Key Fibb levels of 61.8 and 50.
support and resistance to watch for AUDJPY . I will alwayes look for a false break up/down - usually with the bigger trend to trade the pivots, unless some unsual move/pattern will show up. Best of luck :-)
EURUSD Daily Technical Analysis - Is Non-farm Payrolls and the ECB are the keys to Market Direction? Will US Dollar taking control the EURO Markets on NFP day? Hints: FOMC members to prepare the market for a rate hike on March 15 2017
I'm watching this one closely. I am expecting a long term sell opportunity coming. Long term in the sense that these will be positions to be held until at least mid to late 2019 and we can expect to see CAD reaching parity with USD and go beyond. Please see my Monthly analysis idea for this forecast. My analysis still leaves the possibility of one more local up...
AUDJPY Possible Long Term Direction Analysis
NZDUSD Possible Long Term Direction
AUDCAD Possible Long Term Direction
AUDUSD Possible Long Term Direction
USDCAD Possible Long Term Direction