FX:EURUSD has been recently in a downtrend. However, a sudden upturn took place during it and it comes together with heavy volume, which conclusively indicates a change in trend.
Price has already closed above the area, so, when possible, you traders can consider placing long positions.
Please, leave you honest feedback if you want to. :-)
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GBP/USD is moving to 15 months low 1.2595. GBP/USD as all Major currencies are going down against USD.
Near 1.2595 can start a new middle term uptrend. At this moment it is too dangerous to open Long because the price most of the times continue the trend.
That why I recommend to look for short entries on lower time frames M5 —...
After market opening on 9 April 2018 the GBPUSD moved just over 50 pips long.
Fundamentals still support another 100+ pips long.
1. The USD: PPI - red news due on 10 April is likely to support further upside price movement in the pair.
2. With the upside trend intact as per the Daily & 4hr chart, the GBP: Manufacturing production-red news release, should be...
ETH/BTC looks ready for a break out - watching this one closely, testing the wedge resistance as we speak, solid long opportunity if break the wedge and consolidate at 0.056. Possible repeat of previous wave (highlighted).
Based on Dow Theory analysis and my own studying of how the bottoms are formed AND the sentiment of the r/ethtrader community (which is by far the easiest way to gauge sentiment of the majority of ETH userbase) I believe that we are nearing another local (or global) bottom, and I expect the price to shoot up at least $80+ upwards from one of these levels (they are...
EMA Crossing on 4hr TF, but even so, I'm awaiting daily candle close confirmation near the 'Spring' area in order to move in and hopefully profit at the .50% fib. mark.
1. Touching Daily long-term trend Support Area & at Ascending Support;
2. Within Upward Channel
3. EMA crossing (4hr)
4. Appears to be a change in Polarity
PS: If it goes past...
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Alright so to me this pair seems a bit unstable. As in there is no clear trend going on here, but sometimes on the smaller one-hour time frames we can...
In my continuing quest of using price action and TA to find opportunities in the futures markets, I search through each futures product each day to see what the weekly charts look like. When I stumbled upon Wheat Futures, I realized that Wheat was forming a perfect cup and handle pattern on the chart. This was honestly pretty sweet because it was the first time...