Playing around with the charts and this is what came of it. My last idea post is of this same exact pair: GBP/AUD and it shows the overall sentiment of the market on a weekly timeframe if I am not mistaken.Take a look at my last post and put the pieces together to get a more in depth perspective of this pair.
If you like volatility GBP is the place to look, and we can see one-month GBPUSD implied volatility (vol) at 14.0%, relative to say AUDUSD and EURUSD vol at 9.34% and 7.57% respectively.
To put this into perspective, the implied move in GBPUSD over the coming month sits at 413-points from spot, and this expiry encompasses the expected Commons vote on 10 December....
Stock Market Carries Risk, If you can't manage your risk or time your trade, you will lose.
We still didn't bounce from a proper support on QQQ I think the next impulse waves with momentum will be negative.
We haven't entered a correction phase yet! so hold your horses!
This is just an ABC wave correction (a warning shot!), the Real fun begins when we have...
In this EUR/USD analysis I am using the 15-min time frame. On the monthly and weekly chart for EUR/USD the pair can be seen in a current uptrend. Price may continue to go up from its current point but If I were to enter I would place my entry at retrace a little but the pair looks strong. As a day trading perspective this analysis I would enter this pair at the...
I marked up levels where i'll be looking for price action next week to go short, then finally long at the bottom between the two 50 levels where prices will be defended by both shorts at the top and longs at the bottom.
NOW found support for the last two days around $49.40 after it was sold off after a nice move up from $50 to $55.
It was building nice upper level base in front of 2-3 days resistance at $50.60.
broke up of that resistance lead to nice continuation move to $51.40
New pivot resistance is at $51.40.
Check my previous idea in the link below
1. Wedging above important, intermidiate level of resistance at $88. Broke through lead to momentum, steep move to $89. Action supported by strong markets.
2. Bull flag near highs above 8/21 EMA. Slower than previous leg.
3. Upper-levle base near highs. Break above gave us final leg.
This major cap biotech company borke its major support at $150.
Now it acts like resistance.
ENTERING with tier1 here with STOP above $150 and will ADD through $144 for a poential move to April's lows at $134-$136 (first TARGET)
IBB (biotech ETF) looks very weak.
First signal to reduce your expousure if you are long. Broke down and close below 8 MA first time after break up of flag. Some consolidation after big 2 days move could develop. Minor short vs intraday's high at $1314.79 makes sence. Next buyable area (and targets for those who want to be shorters from here) is at $1308 then $1304