2021 account is growing! Mega portfolio includes some options trading to generate some cash to invest in common stock and I see a perfect opportunity here with NKE. Based on Mondays performance we can see that bullish strength is weakening based on the MACD.
RSI also shows room for decline to 50 or lower, while there is a sell signal on 3x confirm. D+ shows...
At the moment, the GBP / USD currency pair is trading near historical highs of a 3-year period, which may indicate an increase in the activity of sellers and a further decline in prices. If you are looking for a place to sell GBP / USD for the medium term, this is an interesting area.
Here is a mark up on GBPCAD as I see it. I am attempting to fade the strength in the Pound against the Canadian Dollar which is currently coming off of 2021 highs. It is a 3-1 risk reward and I am looking for another rotation down to where there was a large impulse move up on the February 4th 2021.
AudUsd is tricky at the moment because:
1.) Reaching my 4hr S/R zone thus making me wait to see what price does before jumping in. Wont be surprised to see consolidation around that zone
2.) It hasn't reached this high since
Confluences: Bullish adx and market structure on weekly and 4hr
Since November I noticed a patter with AU, EU,NU, and GU that was similar to their 2018 trends that established our current previous high.
These pairs at this level are making initial MACD/SIGNAL crosses on the 4hr and day charts. This sentiments towards a huge increase in volume, which if occurs at their current levels will push to retest their previous highs....
Currently the 1 hr chart is presented.
We can see a MACD/SIGNAL cross in play. If this stands at the next bar close out we can expect a huge buyer push to retest the previous high. On the day chart MACD/SIGNAL have already crossed while above 0 line to further confirm a huge push ahead. RSI on 4 hour chart has room to breach further into the overbought zone to...
It appears EOS has now completed its accumulation in respect to the Wyckoff Theory. Rhyming to the rules of Wyckoff Theory, we can see the Accumulation (Cause) now reflecting the strength of the buyers and pushing the price above the zone to represent reversal of the trend which should now have the health to make new highs (Effect). I Personally have...
It looks like BTC is setting new highs again. We are approaching a 2.618 fib. extension level. If we go break above it and form a support, we could be VERY BULLISH. That would be nice, but for now i belive it is more likely that we will get rejected from that 2.618 level and retest much lower areas, then...
Here's a trade idea for XRP/USDT for those who would like to jump in now
The price is still hovering where our MA crosses signaling a long. I use our MA script to define the entry
Our stoploss use pivot from our Stoploss picker script
As for the TP, I placed it near the next candle after the recent high as it might very well retest this area. I wouldn't...
I find it interesting we are finding momentum while DXY is relatively strong and high in sentiment. This has been the recent play out.
Is this an indicator to sentiment breaks to retest high? You tell me.
Please comment with thoughts and ideas. Thank you .