Just a bear version of an earlier chart that I posted.
Hi followers, EURUSD is building out wave 2 of the big wave 5. Look out for longsignal after touch the channelbottom. Your Longorder Price you find on the Chart i sign in. Have a nice trade.
Probabilities are significant that we will visit the other side of the range.
Bought at the blue line - stop at the red - target in green. Best of luck
I had a nightmare with this. Thought I would be extra clever and set an order in each direction with with my Spreadbetting account and with a trailing stop loss on both As you can see the sell side "should" have executed perfectly... due to slippage the price moved so quickly it skipped right past my order :') safe to say we learnt something today
Gold has had a bad day and is now testing bull patience to the very limits. It has to regain 1240 quickly now. If it can't manage it and hold up there the technical picture will deteriorate rapidly, and once below 1234 trigger further liduidation of long positions back to 1201, where it becomes a short buy again. Contrarians will be thinking about buying here with...
Breakout is a close above the current level
First & foremost I want to wish you all a happy new year! If you had a successful 2016 I wish you the same & if you didn't then I hope that you did what was needed to change that in 2017. As I wipe the rust off of my eyes & remember had to look at these price chart thingys a pair that is on my radar is the USDJPY as price is making it's way to a decision point....
There must be a comprehensive text, but I'm too lazy to write it.
This is what it looks like when a whole bunch of countries have monetary polices centralized by one countries needs. Beg thy neighbor will be the theme of 2017 in Europe. Wait until Germany is forced to bail out Portugal, Spain and Greece DB goes to zero.
Very apparent resistance level + the failed breakout: short SL:110.30 TP: 104.47 A great trade.
Backtested underside of rising wedge today. Sneaky Bearish. Look out below.
In this idea I show you how I trade swing failure patterns. This is good for any time frames but lower time frames are preferred. Very simple idea yet works pretty nicely. Let me know what you think.
Full credit initially for this chart goes to JoeBu on Trading View. He was kind enough to share his initial chart with me. This is an updated chart following my last chart on the failure of the megabull that occurred after January 15th. This chart is my predictive forecast on the occurrence of the next Megabull cycle after our latest failure at the double top...
Risk aversion encourage price of yellow metal. Sharp rally started at mid January may be regarded as third wave. However, such a strong move may cause "failure" fifth wave, which does not move beyond the end of the third.
I still say this one could go either way, but the market is starting to show a clear bullish preference based on the ascending triangle we appear to be in. A break above recent highs would create a good long opportunity and a break below recent lows would break the bullish trend and confirm bearish targets outlined on the chart. I'm marking this idea as "long"...
We have what looks like a perfect inverse H&S forming, but the price looks weak on the right shoulder. Breaking $220 and invalidating this H&S is a very bearish signal, opening up to further downside targets, the first of which is at the recent low with even lower targets still possible. In the event that we break the neckline at $245, we can then consider...