Velocity of money has significantly declined over the past 5 years. This puts downward pressure on the economy and Aggregate Demand should be negatively impacted.
RSI is oversold in 1H and 4H frame. We should wait for a breakout to open a long position till the resistance level drawed(61,8 fibonacci aprox).
GBPUSD has formed a bat pattern on the 15min timeframe. I see the bat pattern traded many different ways. Some like that priceaction at the C leg can't close above the .886 retracement of A-B move. Some think that as long B-C is under A, then the pattern is valid. Some only trade batpatterns in stocks, some only in forex. There is no 100% right way to trade it....
I am eyeing the 0.75 price for a short opportunity. This is because: Price has respected this level in the past An AB=CD pattern is on the verge of completing right at the level Price is overbought on the RSI
From my analysis I can see that the UCAD has been in a bearish trend since last week. There was a long wick thrown on the 4 hour time frame from last week. I expect UCAD to rise for about 4 candles before retracing and continuing the bearish trend. I would wait for the next 2 candles on the hour chart and then buy in around the 1.31436 area and close out around...
You can see the initial entry at 1.0315 and i took a second position at 1.0485 after market consolidated on 4h chart i moved both stops for now to the average at 1.0395. So its a risk free trade, and i am looking for a really big move higher to the 1.1200 handle. This huge multiweek flagpattern combined with this double bottom is about to play out, now is the...
What we see here is a Bull 123, Hidden Divergence PA potentially may find support at the 200MA, i can expect a few pin bars down to a previous demand zone at 1.10702/1.10518 and the ascending TL. We look for an entry on the lower TFs to get into this move. Look like i'm The Bullington Today. Lol
We should have a fantastic opportunity to buy gold down at 1315 next week. It appears very likely that we'll be retesting key resistance that is now support (2015 high @ 1307) with our last quarterly closing above that. Watch for deceleration and a rejection of the 50/60 ema, bottom of bullish penant, and 1307-1315.10 area. This should coincide with an oversold...
Bullish Shark price reversal zone inside channel
-BULLISH HERE -ABCD STRUCTURE IN PLAY -WEEKLY SUP HELD -0.618 FIB HELD -UPTREND
Since January 2015 the EURCHF has been in a somewhat dormant bullish trend, with some dips and sideways movement, however there hasn't really been a sign of a definitive trend. We had some potential signs of a bullish trend in July 2015 with a breakout of the range (highlighted by the rectangle to the left. We had a re-test of the range and then a further move...
Strong divergence in copper shows that the bearish trend is possibly ending. No long position before a break over 2.5 though.