Trade Analysis based on Fundamentals and on Price Action; With Risk Management You will Never Loss. Best reagrds; Ridethemacro
DAILY BOS MULTIPLE REJECTIONS FROM 1HR SUPPLY, TARGETING 4HR DEMAND
Gold is currently re-testing previous support as resistance in a rising wedge fashion. We shall see if Gold can break above the wedge. If it does we are long on Gold til $1955! Catalysts: Trump & Covid Presidential Debates & Elections Fiscal Stimulus for the U.S Upcoming Economic Data
Trump covid case was what triggered the short term downturn. The day Trump exits quarantine we also have futures expiration... The markets till then can correct to that point and also test SMA200 in the excuse of trump health uncertainty. At the same time all retail robinhooders will be terrified since most of them hold long positions forcing them to go vote for...
With the looming US Presidential elections, and the recent mixed messages from the Federal Reserve, the direction of the USD is unclear for now. Wait for more clarity before choosing a side. Could the USD downtrend be coming to an end? The charts of many currencies vs the USD are quite inconclusive on where the USD is headed in the near term. Charts do not always...
It's been a long time.. I brought here some ideas for the dollar index for the upcoming weeks. As you know, the elections are around the corner and that should trgger some high volatility movements. On the screen, you can see a bearish movement over the last months, which shows the weakness of the USDOLLAR. On my opinion, that movment is a first bearish impulse...
Hi traders, I hope everyone is safe and healthy in these tough time. Here is the outlook for Ethereum for the next few months. Hit follow and like to show your support: :arrow_forward: :chart_with_upwards_trend: Next level to consider rebuying some back if bullish is at $310-290 and $285-275 bottom of that broadening wedge where the bulls must try reversing it...
Overview Bitcoin broke up through $12 000 but is now crashing. Gold set a new all-time high but has since pulled back. The S&P 500 keeps on setting high after high. Still, all of these assets have one thing in common: they’re all at risk for a sizable correction, primarily due to the dark cloud hanging over the coming United States 2020 Presidential election....
NOG is a oil and gas company in Minnesota, which is an interest stock that poped up on r/pennystocks and think it might be worth to toss in some money into it. It hasn't perform well at all, yet the reason for this gamble is that the election is coming up and Republicans are pro oil and gas as further green technology is being developed, yet the Democrats want to...
The rate of SNP at which recovered since the bottom on March 23rd 2020 is regressing into a logarithmic recovery (see blue line), which is similar to the bottom of December 2018, although not as steep as 2020. In 2018 the recovery stopped when we reached the previous high around $2,940, then we saw a a fibonacci retracement to the second level ~$2,726 . If this...
always drops, and markets always pump as a result. Note this is used during RE (key) elections. During the other cycles, it is evident that DXY does quite the opposite (gets pumped) and thus making the markets dump. This results in the "other side" using the economy as a bargaining tool for their elections. (Or rather 1 party who seems to be controlling all of this!)
This is simply an analysis, not an invitation to go short or long, please do your own research As you can see besides the technical analysis indicating a possible fall for SPY, we have also many fundamentals which pushes me to say that there is a decent probability we can see SPY go down to support before either going back up to top channel, or completing the...
Hi everyone I had an idea on going long on GBPCHF, here is my analysis: Its obviously not news if I tell you that on Thursday the UK Parliamentary Elections will take place, which predicts a Tories majority, which is seen as bullish for the market. For CHF, CHF is known to be a ''safe haven'' in Europe, so it would make sens shorting it against the GBP. I am open...
Starting with the April 2018 high down to the September 2019 low, price retraced up to the 62 fib during the British elections, also bouncing off its years long resistance trendline . From the election high down to the December 23rd low, the 62 fib was touched on December 31st. From that high down to the January 3rd low, price jumped just above the 62 fib...
The 2020 Outlook: Series on Equities , part (4/4); Dec 28th, 2019 Very simple and straight forward chart. Obviously, very unlikely that it'll completely follow the drawn structure, but here are the few things that I am expecting in 2020. 1. It will be a slow year. Mostly because of all of the election noise, smart money will be waiting on the outcome of...
UK Election Chartbook With longs already getting nervous ahead of the exit polls, let's get started by digging deeper on the political side first...For all those tracking and trading the main event this evening we have only two realistic scenarios in play which makes capital flows easier...
Yesterday several indicators was leaning towards a big move today from yesterday’s post (will link below), but I remained bullish and was too busy to pay attention to the charts. Nothing really stood out. After breaking 7024 and now well below 7k. There is now more downside coming soon. Targets of now would recommend a retest of 6.5k and if you been following...