We expect further downside on this pair, signalled by the formation of the new lower low which is a sign of bearish market structure. We can also see the breakout and retest of a key level which further supports our directional basis.
This is not good or bad but we are coming back to the down trendline. What does this mean? It has been beat up for the whole month of December, and this short term support will face its biggest test of the new year.
Bullish case the oscillators have to reset, how could that happen? With the momentum it did time to locate the support angle assuming last week was...
My opinion is that XAUUSD is at ideal price if you want to sell it.
Daily tf at downtrand, 4h tf uptrand is broken and retested so I expect to see new lows, at the least at 1766, but for long at 1684.
GBPCAD - Looking to swing long, just had a daily shark complete at the weekly demand zone (Which is a new weekly low) Price rejected at this level.
Now we have a break of momentum and BOS.
I'm waiting for a pullback the greenzone (1.69320) area (I'm scalping a short there at the moment) before potentially swinging this long if PA confirms it!
Let me know...
USDCAD - Sitting in a strong supply zone, BOS on the daily TF creating new lows, price right now is sitting on a strong Daily OB along with multiple other confirmations, so chances of reversal or at least a pullback are highly probable, I'm waiting to see if price starts to break back towards the Daily high, if so ill enter a swing on a second test.
Whats your thoughts?
Aud/Nzd soaring towards 1.0940 from around 1.0818 respectively at the other ends of the spectrum, and the catalyst came overnight in the form of a AUD 3.8 bn Government fund designed to put a ceiling on house prices via extra short to medium term supply. Finance Minister Robertson warned that the recent increase in property valuations is not only having an adverse...
With more data available, I am further homing in on the next reversal point and end of Intermediate wave 4. Due to prior projections and EW guideline violations, this forecast should finally find the end. It looks like Minor waves A and B are both completed. I am still projecting a gain early on Monday, but further downward movement during most of the week. All...
Interesting to see how the S&P 500 seems to have made its decision on a bullish note (actually on second thought, volume of Spy was really low today, could this be a double top?), and yet the DJI has not yet done the same by breaking out of its pennant. Is DJI lagging or is the S&P 500 ahead of itself at the moment? We will see.
All i can see is positive graphs about STNG medium-long term. There is not even one who says that this could crash to below $10. Be careful if this formation takes place...
BINANCE:FTMBTC is making new lows while forming a hidden bullish divergence, this incredible volume on that wick tells me that we will probably head back to there and even previous highs.
Entry: 0.00000110
Target 1: 0.00000122
Target 2: 0.00000133
Target 3: 0.00000144
SL: 0.00000103
CryptoCue is not providing investment advice and is not taking subscribers’...
Hypothetical levels of next extremums.
The levels of next extremums are approximate, deviation is allowed.
This chart is not a guide to action.
Since we are dealing with probabilities, the points indicated on the chart will not necessarily be reached in alphabetical order. Perhaps it will be at first achievement of targets below and only after this it will go up...
Brexit is killing the GBPUSD. I have a feeling we are in for new all time lows. While most people are net long on this pair, I don't see good news for it in the near future.
TARGET 1 = 255
Buy = 210
Stop = 200
PROFIT = 255
R=(255-210)/(210-200)=45/10 R=4.5
TARGET 2 = 140
Short position around = 255
Stop = 280
PROFIT = 140
R=(255-140)/(280-255)=115/25 R=4.6
TECHNICAL ANALYSIS:
technically, you can buy, sell, trade and trade tesla.
Tesla made good levels .. When we break through the global level 200 and confirm this level. Definitely...
$BTCUSD: If the current low of $3,474.33 holds on this chart, which indicators show that it is unlikely to do so, the 50% Fibonacci level becomes key resistance moving forward. The price will have to trade above this level and even the 61.8% level to consider a trend change back to the bulls.
The bearish trend continues, and with an ADX still showing strength...
