A few months I posted that a low was near and to watch for a bear market rally .That rally is or will be ending now or on a print of 14100 to 14600 and then the next decline cycle should last about another year down into fall 2020. I have labeled the top wave structure as an wave X TOP SEE SILVER 1980 TO 1982 LOW .You will see the fractal clear as day this rally...
NET-LONG POSITIONS SPIKE 52.7% SINCE LAST WEEK
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EURUSD: Retail trader data shows 56.9% of traders are net-long with the ratio of traders long to short at 1.32 to 1. The number of traders net-long is 4.7% higher than yesterday and 52.7% higher from last week, while the number of traders net-short is...
Today we are watching BTC on USD on a 4h chart.
2018 has not been an easy but we keep hanging on !
We can see a buying opportunity coming up for BTC if it breaks through the first support line. Everything under it can be a good buying spot but personally I will wait until we come along $9500 and see if it goes lower to buy in there. If it...
DXY Dollar Index
We were looking for DXY to show signs of bottoming prior to
potential reversal to the upside last week. It made a double
bottom/slightly higher low showing a loss of downside
momentum, the first signal needed to show a change is in the
air. Some may remember the way that Gold shifted parallels
just as DXY is now doing prior it bottoming out...
Bitcoin Update Next Buy/Sell Points
Coinbase Last Long Shot here but be ready to Reverse if signal is given
10:41 am GMT: Retest of neck line and OK whilst above 8700 -
can buy dips back to 8720 with stops below 8700 on GDAX
10:48am GMT: Coming back now and still within the paralells
- buy as low as possible to 8720 for small loss if wrong
Brent Crude Oil UKOIL Last long shot with tight stops ready to reverse here if wrong
Right on key support at 62.18 with a low at 62.14. If this fails
here the entire wave from the lows is exhausted. At this
point, if seen, we switch from buying dips to selling rallies - it
will fall away to 61.15, bounce some and then likely fall away
to 59.44 and potentially...
BRENT CRUDE: UKOIL
Have closed out the long position finally as Brent touched the
upper parallel. It's the fourth strike and should come back
from here. Closed at 64.33 for 1833 pips profit on a trade that
carried 30 pips of risk from the outset, taking under 6 weeks
to achieve. Best win of year (apart from Bitcoin, obviously)
Wondering about shorting here,...
Bitcoin: BTCUSD Last chance for low risk entry coming up
See how the old (now dead) rising support line is still trying to kill anything that comes near it? It's still toxic...
You can see why day traders are wary of it, especially as it coincides with fixed overhead supply at the same 7350 level.
(This stuff takes too long to write and too damn often what I...
UKOIL: Crude Oil Brent Update
In the last comment stops were raised to just under 60 as we continue to run this long-pull swing trade to its conclusion,
which may happen on Tuesday coming. The low yesterday was 60.01, so it came within 6 pips of stopping out before rallying once
more. A damn close run thing, as Wellington said of the battle of Waterloo.
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...
My Long term view on this cable is buy. We are currently in a good place to look for buys.
Triple Cycle with Bullish divergence formed followed by False break.
Until the last low holds we can expect the price to move up as the break below 1.2630 level was powerfully rejected.
I will be keeping an eye on the Daily uptrend...
D1 - Price is moving inside the range.
We can go short as long as last high (83.60) holds.
Sell will trigger once a breakout below last low (82.57) happens.
Protection above 83.00. .
Invalidation - if price breaks above last high around 83.00 before we get triggered this setup will be invalidated and we will look for another opportunity to join.
Bitcoin:BTCUSD If you want to hitch a ride to the craziest show since internet there is an opportunity coming up if conditions in comment are met. Otherwise wait because this shake out won't be over yet if it cannot regain the trend line just above it and turn it into support - and we should then get a better chance from lower down still
Price is in downtrend for the last 3 days, it bounced off a support area at 1.12035 and rose until it reached a previous consolidation area.
- Sell stop below previous small Swing Low IF past the trend line at 1.12220.
- S/L in consolidation area above previous Swing High at 1.12360
- T/P not at next zone but the one after at 1.11700