This is a chart
It shows support and resistance
Some are supporting the resistance
Others might be resisting to support
While most just can't resist to support this chart
it also appears that some find resistance to support this chart
Either way Bitcoin will find support within resistance
as it will find resistance true-out support
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It's needless to...
Hello all - DuncanForex.com here with another trade idea
As per my Gold short trade - I think USDJPY is ready to head a lot higher. (see related trade below)
On the monthly chart it printed an amazing pin bar (back in Jan)
It is now at the 61.8% retrace level (just under it by about -60 pips (on a weekly chart)
I think this could head up to 115 level easily...
On this one, I'm going to trade a short scalp on BAC.
A resistance that have showed to be valid is tested again just before the weekend and after that seen some bearish conformation that it is not ready to break yet.
With a slightly high RSI at 70 I'm getting in.
The target is where I drew the support on the chart.
Thanks for reading!
On the daily time frame we can see 2 bounces that currently hold as support.
The ATR indicator hit a recent low since months in volatility. Which gives room for possible new upwards volatility to enter because of the double support bounce that is holding COVAL currently.
(This is not financial advice, this is a volatile market where anything can happen).
I drew the original trend line back in mid 2017, as you can see, we had exponential growth, and of course the winter crash.
After the major crash, it touched the original trend, with only a shadow, and then tested it 2 more times, both bottoming out at the bottom of that trend line. We can see this is an extremely strong trend line, dating all the way back from...
DXY Dollar Index
The dollar never quite reached the upside target here, falling
11 points shy of the 95.15 line before it was met with the
most determined selling pressure we've seen throughout the
entire rally from the lows. And although it's rallied from the
94.01 support line it has broken below the lower parallel now
and so the 6 week-long 6% untrend is...
Must apologise for rubbish call yesterday and no follow up.
Was expecting a period of light relief over the weekend. No
such luck. The spike that came shortly after the match had
finished was a big one and the ensuing rejection period
flipped Bitcoin straight back down to the lows again and
triggered a short from 7399 as it broke below...
WTI USOIL Week Ahead
WTI has fallen away in a straight line ever since the short triggered
on Thursday and is now around 390 or so pips to the good.
It should fall away a little lower still, towards the first
support line at 67.22 and can spike down to 66.48 at likely
lowest before it starts to bounce away to the upside again.
Look to close out at least half...
DXY Dollar Index: Consolidating recent gains
The dollar is consolidating recent gains after reaching a high at 94.06, some 14 points shy of the medium target here. My
bad and not a fault in the chart, as there is old resistance at the 94.03 level from the end of last year, as the chart clearly
shows. Sorry for that.
Anyway DXY (and USD pairs) look like they...