Bitcoin has entered into an uptrend more than a month ago (June 16th 2015) and the trend held multiple tests since then, pulling back to the 1st standard deviation from quarterly (66-day) moving average. Trades willing to participate in current rally should look for to pick up long positions at pullbacks to the 1st standard deviation, with stops at the quarterly...
GBPUSD Price is trading at the 1st standard deviation from weekly (120-hour) mean from below amid expanding volatility (measured by 3.2 st deviations from the mean). Purely on technical basis, if price is to break out from the 1st standard deviation (at 1.5615), traders can look for long positions with stop at the weekly mean (at 1.5560) Traders should also...
Over the past few weeks, GBPUSD has been channeling after it broken the downtrend that started from the last of this month. This is a pure technical momentum based play, where im expecting price to test the high it set lsat week. Price target is around 1.5640
Again everything in line with all the intraday pairs today and the eurusd is no different. Downtrend broken and now expecting bullish momentum. Price target 1.0940
Just entered 20mins ago and this is in line with all the long trades i'm taking n posting for today. This is more of a channel breakout without any clear trends as i'm still bearish on this pair on a daily perspective. Expected target is around .7480
I posted a couple of weeks ago about the possibility of the USDCAD breaching the high on the weekly which is highlighted by the red box. Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume...
Gold made its high in 2012 and since then has came off considerably.. For the past yr after the initial selloff, price has been consolidating for the past yr with a clear descending trendline which re-confirms the initial selloff that a potential continuation is coming. With that in mind, I'm anticipating a further sell off in gold with a expected target of...
I was in a long position on this which i was stopped out on friday. I usually ignore the friday closing hrs due to lack of volume but price seemed to fall during the last few hrs and i ended up taking a short play. This is a classic retracement play coming off a period of consolidation (which i originally thought it was going to break higher) but I reversed my...
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Attached in the related ideas is was the original chart n the rationale behind it. After my target was just hit within the last hour, i managed to grab over 130 pips in profit for this pair alone. As it stands we are breaking down from uptrend over the last couple months to a full correction/ large channel sequence. Using the Green trendline as guidance for the...
USDCHF has broken out of the descending trendline where it also re-tested last week. This is highlighted by the yellow boxes which indicates bullish momentum can be anticipated. Currently Price is about to break that dark grey box and should it break, Im looking for around a 150pip gain trade with a expected target of around .9660
After the run up we saw in this pair yesterday, we are seeing a pull back or consolidation which is natural. Im expecting price to retrace atleast back to the green trendline with an expected target of around .7160
There is a current waves of strong bearish momentum of sellers entering the market in all angles. You can clearly see the Downward trend right now in which I am anticipating to continue. I'm not late at posting this time as I just entered right now with an expected target of around 130.40
The downtrend momentum is clearly carrying on from ysterday and all this week. After a successful trade i had on this pair which was played on the 4hr chart (attached in the linked ideas), this is simply the same continuation play and based off the same rationale. Expected Target 94.30
Commodities are selling off right due to whole Greece Situation and the sell off China. This trade is based on the similar concept as the Natural Gas play with expected downside momentum to continue. Only difference is that i'm looking at this from a 4hr intraday chart. Expected target is around 615.00 along with the corresponding CS levels with it
Another play that i'm already in. This is a intra-day trade based off the clear downtrend we're in right now. As long as the Green trend line holds, I'm expecting this downtrend to continue with a target of around 96.50
After consolidating for the last couple of months USDCHF has recently broken away from the descending trendline last week which it did re-test and now moving higher (highlighted by the 2 yellow boxes). Should price crack the thing yellow box at around .9500, I'm anticipating price to move to the target area of around 0.9700. The CR levels are also provided above also.
I'm in this trade as of couple of weeks ago and it is along the lines of the other GBP pair analysis that I have posted here. This carry through momentum of both GBP strength and relative JPY weakness across the board is definitely flowing through to this pair. Again as long as the Green trend-line holds, I remain bullish with a potential target of around 2.1500