Per myfxbook, retail is 78% short on NZDJPY, making me bullish. On the 1D, higher highs and higher lows have been made, giving me no reason to go bearish. There's also divergence between price and Cumulative Delta Volume (CDV). CDV has trended up short term, while price had trended down. Suggesting a weak sell. Price has seemed to find support right around 80.00,...
The Market's longer term uptrend still intact. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or...
Per myfxbook, retail is 68% short on CADJPY, making me short to mid term bullish. There are also more short term inefficiencies in CADJPY to the long side than the short side. Price has formed support right above the 50% mark of a 1D bullish imbalance, making me even more bullish. Looking for entry at the 50% mark of the 1D, and an ultimate TP at a major 1h...
This chart is intriguing to me - I see opportunity from every angle. Trade wisely. -HoodChef xx
Technical Analysis and Outlook: The Euro Dollar, intermediate Stage 1, is completed at the Mean Res 1.1611 mark - On the downside, Stage 2 is in progress advancing to the Inner #2 Currency Dip 1.1407, while Inner #1 Currency Dip 1.1367 is resting below
So if we focus closely here, we can see XLM really consolidating for Higher highs. And we honestly believe they will be well worth the HODL/Accumulation. Currently it looks like XLM is battling .33-.37 pretty vehemently. If it can break through and hold a steady beat through even the .44 range, XLM will start a new leg up to its higher-highs. Keep an eye out for...
This is my day trading strategy on gold and i expect the market to give us a reversal anytime from now! So let's eat
Following on my last update on litecoin. nothing has changed in terms of this market giving birth to identical twins. She is currently in the labour room, the 1st baby has been delivered successfully while the second is almost out so get ready to celebrate the birth of this amazing twins
Ethereum has finally broken the structure level i identified in my last update (which you can see below), so now what next? Well, i think we can expect a pullback which is a normal thing if you understand price action an structure. We can look to go long at around 3700
Okay so now that the market has created a new structure high, what next? I expect a pullback any moment from here so we can expect dollar weakness across USD pairs but that weakness won't last for too long as we have an important structure levels which will bring back upside resumption
Day trading, if you missed yesterday's trade then you should be disappointed in yourself and if you miss this one then i don't know for you!!! Just buy it and end the week with a smile! This is a combination of price action and my day trading strategy on GBPUSD
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Seems a great VALUE investment. The globe is re opening. Travel will pick up. Rising rates kill large cap #stonks
Maximum Fear of Missing Out. Signs to avoid. When everyone says, "the next Tesla". eek. Seen enough. #valueinvesting takes the next decade. #cannabisreform is #thegem GL. $KERN has the Compliance Data SOFTWARE. - Akerna CEO - USCC
Trading Options, Buying Calls. This & #plugpower $PLUG look like great #valueinvesting plays. Biden's "Buy Ametrican Act" paired with a rising rates environment make them prime candidates for future success. Avoid the FOMO storytelling adventures like $SHIB $TSLA $RIVN $AMZN *made in China #stonks GL Go #cannabisreform $KERN CEO - USCC Chair
This is one my favourite day trading strategy on the GBPUSD, the market will most likely go down from here so if you take this trade then you will be smiling in a few hours!
XAUUSD continues to climb higher. At the same time, the odds for validation of inverted head and shoulders pattern increasingly grow. Pattern will get validated once neckline (around 1835 USD) is penetrated to upside. This neckline currently acts as important resistance level. We expect occurence of breakout above this resistance to be accompanied by resumption...