IBEX Index: IBEX 35
Going well so far after breaking above 10460-10470 overhead supply.
Minor resistance at 10600 but it shouldn't come back much
below 10550 now (stops under here by 20 pips or so) so giving
another chance to get long here with a small loss if wrong.
It should rally to 10761 once 10600 is broken through,
consolidate a little there and then...
DXY: Looks like DXY should come back down to 94.28 at least and to 94 at most on Tuesday (well it could spike a few pips lower to test the lower parallel at lowest) before it and all Dollar pairs bottom out and start what should become a very powerful bounce...so get ready to start to building Dollar long positions across all Dollar pairs Tuesday as close to 94...
price is completing a two stage correction into redzone above
look to enter short for expectation of test of lows and NSL
Price can only tell us everything it knows about source.
Source based analysis.
BITCOIN: BTCUSD Aprproaching the highs and therefore becoming vulnerable to profit takers. Aim to do the same if long to lock in profits as old highs are tested and be prepared to go long again once the danger is passed, as per comment. You can draw in the upper parallel taking out the recent highs on 15 minute chart, same as bigger parallels on left of chart.
S and P is closed in London but the Dow is showing 30 points up whilst Dax is another 138 points higher at 12850. Nasdaq showing just 5 points up but no S and P trading. Nasdaq and Dow are still cheap..right here, right now. Why not make some money whilst you sleep tonight? Dow good for 21380, next chart - check IG index website for prices.
CUUUSD: Copper, like gold, looks like it will get saved here by a technical back-flip, courtesy of the Dollar. It should rally to 2685 where it's probably going then to be a good short again.
EURUSD: Further extreme Dollar weakness looks in store for Monday. The target given by the reverse head and shoulders off the bottom here continues to say 113.80 but ultimately the Euro should reach 115 before swing traders should consider shorting the Euro again. The big change in prevailing wind was only confirmed on Friday. There is much more to go for. Try to...
Cac 40 Index: Broken out and heading for 5790-5860 range, with 400 to 500 points upside still left in it in near term. Get long before the weekend and ride the rally, or sell into strength come Monday
USDCAD has finally approached the area at the top of the channel which will likely provide the best area to short the market. We will be looking to sell the breakout out of this smaller consolidation channel.
I have waited for this consolidation to publish an idea, as it would suggest the upturn in price of the last few days seems to be losing all steam as it...
The price action in the area of resistance at 1.3143, indicate the strategy. When the PMI and record as certain price, better to be outside. Once, trend, closing, stop in relative defined above.
For the price target, we use trend, mommentum, heikin Ashi, Price Action, that with you to feel more comfortable.
Great Trading.
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