CADCHF does not appear to have any rallying power what-so-ever. The chart looks exhausting, the news surrounding the pair is uneventful, and the technicals are pointing south on the daily and weekly. In my opinion CADCHF is headed for down.
-Wish you guys much success; don't give up.
Anyone familiar with the Commitment of Traders Report knows that the commercials have reached an extreme range that leaves much room for rising prices. Added to this is that the chart image with the recently formed double bottom looks bullish.
This is what a trade might look like:
- Entry immediately
- Stop Loss below the last local low
- Take profit with multiple ...
In our first post we said BTC had shown its first REAL Bullish signs and we needed to be patient. The bullish run is now confirmed with us also above a long Term Trendline.
This is where trading skill and experience comes in. The longer it goes up, the stronger it looks the more the amateur wants to buy it. But the more the professional knows that price us ...
This calendar spread is currently close to an extreme again. If you want to short this spread to exploit the mean reversion effect be careful because this specific spread (September/October) is only tradable until mid of August!
A first take profit could be the level of $1 if you are conservative. If you are a bit more aggressive then you can close the trade at a ...
Keep an eye on this extraordinary extreme in the soy crush spread. This spread includes 3 futures: soybeans, soybean oil and soybean meal and to be exactly now it is time to sell this spread!
What do you need to do to sell this spread?
To sell this spread you have to make 3 transactions:
BUY 1 soybeans contract
SELL 1 soybean oil contract
SELL 1 soybean meal ...
GBPCHF has broken to the downside on a 3 wave structure on the daily time frame and has done so on the H4 time frame as well. This is an indication of a continuation to the downside.
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This very interesting soybean crush spread is very close to its extremes and we think it is a good idea to short this spread. To do this, you need to buy 1 contract in soybean meal, 1 contract in soybean oil and buy 1 contract of soybeans. Our target is the level of 130 and we are willing to sell one more spread at the level of 180.
Hello all my friends,
First of all i need to thanks all of you for your great feed backs and lovely comments and messages after my first serious work on TV.when i started i didn't really know if you like my style or not but i figured out that my style in analyse all micro waves and patterns in short time frames really can help you to learn more and trade base on ...
This could go either way right now, look for the Break of the 147 Neckline for a very nice short opportunity on the retest. Alternatively look for Buy confirmations back up-to 150 or even to the upper trend-line for the Wedge Formation.
Double Demand confirmation of Trendline and Support area so the Bias has to be upwards until broken.
We have 3 instances of Demand being hit right now, the 200EMA coming into play on the Weekly and the Daily so we can look Long on price action confirmation. Potential Triple Bottom completion and retest before moving up in wave 5.
Potential Trend-Line Break is a slight worry but with good price action it could be a very nice Swing.
Gold has dropped to just above the $1300 threshold once again - This time in conjunction with the Daily 200 EMA. We could see a nice move up however it may be limited to the 38.2 where it would meet a potential Trend-line break (Retest) before continuing down, on the Flip side of that, the push from the EMA could push it through the Supply at the top for a Long ...
Silver has again reached its crucial lower range end and is in a serious demand area around the $16 area on top of a Daily Trendline and area of support. It also sits atop the 23.6 of the larger move, price tends not to drop below here in recent history look for a Long entry with your stoploss below the 23.6
Price is in a Weekly Wedge and very likely to break out ...