Well, here is the confirmation that I personally have been waiting for. Bitcoin is now back into my Bullish GREEN Channel. This is where I go long again. Not only have we entered back into the sweet, sweet pastures of GREENland but several additional HUGE indicators help to confirm that this move should last and land us in our next target area of...
Game plan for USDGBP: 1) Wait until the price goes around the extreme of the channel 2) wait for some kind of pattern that shows a change in behavior and only then stabilsh a possible short position
Britain has been doing terrible since it's issued article 50 of the Lisbon Treaty for it to leave the European Union, from there the country has been unstable economically, but the banks were preserved with this information and that caused the GBP to recover for a bit, on Thursday we've had fundamentals released by the bank of England which confirmed Britain has...
The last part of the movement is towards the downside ... however based on the previous movement the bias is still towards the upside ... so what I would expect is a break of the immediate trend line, later a Higher Low and only then I could think in a long entry ...
NZDJPY is heading down for 4 days consecutive. Yet, the pair is now right above strong support zone. It seems that NZDJPY is building a triangle formation on a daily chart, which might be both a formation of continuation or reversal. Longterm trend is still bullish and current price action encourages for going speculatively long. Tomorrow we will have a cleaner...
So I've been quite dovish about publishing ideas as I am new/green to publishing and still growing in the trading arena. I've been watching FOREXCOM:AUDCHF since June and thanks to the education I have been receiving lately, my analysis of this pair has been quite spot on, so I'm so happy I have found such good teachers and I am seeing signs of grasping the...
It is above the Ichimoku Cloud, and looks to have formed a simple bullish pattern on the charts. I absolutely love this sweet spot here and the risk is small compared to the reward. It's right at this sweet spot with a ton of buying pressure on the technicals, so it is worth the "scratch" I'll take if wrong going in. The moving averages are all aligned up and...
We've had 2 leg touches on the GBP/JPY - both seemingly at the price level of 146.340 - We're still waiting for the 3rd leg touch before we get a massive rejection as there's a lot of sellers at this time on the GBP due to instability in the UK because of the Brexit - We've had some positive news today from the UK, it's had an economic growth of 0.3% but that...
Expecting further movment to the downside ...
Let us see what will give us this setup, do not trade until it confirms I am waiting to go short
With the employment change s.a in Australia being a really low value of 14k - A 1k difference from the actual forecast of 15k and previously being at 42k last month we can see the news was really negative, the results released show us significant downfall in new jobs, that will lead the AUD to be viewed as a weak currency at this current period due to the negative...
If the price goes below the previous bar then the pending order is cancelled ... expecting further movement to the upside.