Expecting a sell off around the area where price previously rejected
Still remains more bear than bull bias... Bull's need to break 1.1160 in order to see more upside;
USOil daily chart showing an inverse H&S pattern. Price is closed at neckline of $42. Breakout above $42 with meaningful conviction may bring the price to next major resistance of $45 to $46. Momentum indicators like CCI and RSI still have room to support potential upswing in prices. OBV yet to show improvement. Failure to break neckline signals continuation from...
FX:AUDCHF short Description in detail on the chart
TBT might pop out of this tight area. See the full newsletter here: forum.marketstockoptions.com
We are prepared for all scenarios. This is not a trade setup this is just an outline a structure. The trade setups are set in our desired time frames. As there are uncertainties in the market we like to analyse both outcomes and just follow what price action demonstrates. However, as you could see we have lower highs with a possible target to create our 3rd...
Price reaching Renko resistance level and 7 period RSI reaching saturation levels. So a short after a 50-100 point rise.
Strong resistance in 1.4600 Waiting for confimation break today. Break the time frame to entry buy with smaller risk.
Strong resistance in 114.00 Daily still downtrend, with runing price now in 60% of fibo retracement. The price is above 45 degree which means the buyer is still strong. Carefully with open short sell (H4, H1), except for swingtraders (using daily top, SL above 114.00) Watch the bottom break in H4 (fix top H4) to entry market and open sell.
Strong resistance in 1.0000. Daily still downtrend, with runing price now in 50% of fibo retracement. The price is above 45 degree which means the buyer is still strong. Carefully with open short sell (H4, H1), except for swingtraders (using daily top, SL above 1.0000) Watch the bottom break in H4 (fix top H4) to entry market and open sell.
eur / gbp could potentially turn around and head down to the levels of 0,78-0,76 for the next 2-3 months. FX:EURGBP
Following on from the Daily analysis I posted, this is the Weekly outlook. We of course don't know what's going to happen, but it's always advisable to stay ahead of the market and prepare for as many eventualities as possible. Option A The red box is the PRZ on the Daily TF. This falls short of the overall down trendline, but sits nicely in a strong Supply...
Technicals This very strong trendline has been lasting for gold for some time now, and I don't expect it to stop, and it has just been touched, so this looks like a very good place to get in with a short position if you agree with this outlook (many will disagree!). Disadvantages The US economic data is currently not bad, but not great, and consumer spending...
1) First of all we saw a break to the upside and retested the downtrend trendline, meanwhile respecting the CTL. 2) Breaking the CTL we retested the back of the downtrend trendline (2i) 3) We have since pulled back into previous structure which happens to be a 61.8% fib level and the back of the CTL. We have also formed a nice rejection candle which could be the...
Hello again, Just doing some more analysis on another pair, this is what I think may happen as the FED will be increase their information on whether to keep or change interest rate in the next couple of days which may weaken the dollar. Again I welcome any feedback good or bad as mentioned I am only testing my knowledge before I go LIVE trading.
CAD is continuing it's strong upward rally, helped by the recent dive in oil prices. Short positions are not an option at this point. I will continue to buy into dips.
Hi Traders, We are probably very close to a bottom in crude oil prices due to last hike on Fed Funds interest rates. The charts shows certain correlation , not purely exact but it provides forward guidance, with the exceptional period of QE . Technically it formed a channel that supports reversion to the mean Not necessarily represents an inmediate rally in...