It seems UK100 weekly up swing will continue. So this is the big picture to get advantage on and buy the deeps. time your buy blocks inside day . best of luck :-)
2 simple reasons to short this breakout: 1) Comparing the monetary policy stance between both central banks, the ECB said last week that their rates will remain at current or lower levels, while BOE kept their rates on hold without any hint of cutting rates. 2) This is the second attempt to break the supply zone in a year, however, there is no Brexit announcement...
MACD shows that bears are taking over the bulls. There is a false breakout following by a bearish engulfing bar. This is how a bearish engulfing bar pattern looks like on your charts, this candlestick pattern gives us valuable information about bulls and bears in the market.
We ended the late June to July 15 Seasonal trade with a huge bang... except Russell 2000 lagged terribly. Notice the potential rejection of the June close here along with the top rail of the big wedge. Seasonality starts July 15/16 and Russell along with DAX are the worst performers. charts.equityclock.com
Bitcoin Bullish Proposal After the recent price action I've decided to re-evaluate my analysis. By using Andrews Pitchfork, I found a channel price seems to respect. Currently, price is showing a reaction to the median, so if your a bull, this might be something to keep an eye on. If price can break through the median, I believe it will go to the next major...
Here is my fresh analysis and outlook on GJ on a W1/MN perspective
The bulls are losing steam after the breakout of the parallel channel
XRPBTC has never been so oversold ! This is a false break down ! I bet XRP will snap back with vengeance and eventually take the lead in the cryptocurrency market ! I could be wrong but this may be the moment to catch some falling knives !!
False breakout ??.... I will short the structure until there is a real break out....
FX:CADJPY If the daily closes below trend line it would confirm a false breakout, I'll be looking for an entry in the 4H with a SL above swing high with around 1 ATR buffer.
Current thought, so far $BTC is showing some good bullish signs. But, too many people think itll BO. Yet, nothing good or useful has been released or shared. Not even the Futures, can’t help but think this will be a trap for a dip to $3,000-$3,500 or worse. Shorting higher. Worst case, I’ll take my loss like a champ. Reverse my order and okay the bull run. Too much hype.
Now give me hopeful people at BITCOIN. What is the main trend? What is the largest volume? Who's in charge of this game? What are the technical indications that the game has changed? People are full of hope in TOP TRADING VIEW, they are highly manipulative people. They need to live, they need to sell their expertise on their call. They live on it. They lie! Take...
Following false breakout, pair has put in double top. Bearish divergence on RSI confirming that, the bullish move is over. Looking for pullback back to the previous structure support(now resistance)level, to get the best risk reward ratio, before shorting this bad boy. Stop loss above the double top.
has hit a big resistance, had a false breakout, then retest then a big rejection, sell from here, first target is 0.786, (pigs get slaughtered)