OANDA:XAUUSD looks like it got rejected once again by the Wall of Trump resistance and needs one more pullback in my opinion
4H Timeframe View:
It broke below the 20MA/50MA and looks like a hammer was formed which indicates a possible top formation
Short: 1249.240
Stop: 1254
Target 1: 1234
The 200MA at the 4H Timeframe might provide decent support so I...
USDCHF broke the major area of 0.995 as well as the 200 ema. Also, seeing many break outs across the board of USD selling. The next area of support will be the fib areas of 0.964-0.967. Then onto around 0.95. Selling at 0.993 and a stop loss above 1.002. This trade offers at east 3.5 to 1.
The Dollar has appreciated as the FED have announced a rate hike as early as March is on the table. Commodity prices have struggled in this environment and hurt the Aussie dollar. I see this pair making a new low as more bears enter the market. This technical set see's a strong downtrend with a pullback failing to close over the 0.61% fib level and downward...
Reason to entry:
-Gartley's pattern in form of butterfly's pullback
-AB=CD pattern
-price already penetrated flag pattern
-wait for RSI and candle formations
Entry:
-AB=CD completion, or
-gartley's completion
Exit:
-Gartley's 38.2 retracement
-Gartley's 61.8 retracement
-retest of flag's pole
-projection of flag's pole
Void if:
-price goes trough 161.8...
Reason to Entry:
-Valid butterfly pattern
-Fibonacci confluence (3)
-in line with rate hike event (AUD have correlation with Gold)
-wait for RSI confirmation
-wait for candle formation (double top or doji)
-if CD leg are too steep, it's a warning sign price will go higher and higher
-You can entry with butterfly pattern setup or wait for breakout of...
With a solid break below 53.30 on the April chart (see Oil - April Chart) I have an entry level for short positions here on the continuous chart. Following an increase in rate hike sentiment last week, oil not only broke down below the fast upthrust on Wednesday, it followed up by break hard below the upper supply level (53.51-53.89); I am now looking at 53.51 as...
FX_IDC:USDJPY looks like it got rejected by the daily 50MA courtesy of Janet Yellen. As long as the bearish momentum continues, its possible that we may retest the daily low once more completing the handle before NFP/FOMC.
Entry: 114.241
SL: 114.5
TP: (tp1) 113.5 (tp2) 112.7 (tp3) 111.6
Any feedbacks are appreciated!
AUDUSD exhibited a classic Wyckoff reversal last month. To complete the change in direction, we should get a jump the creek pullback and then the full fall. Great opportunity to stack swing sells. Lines up with fundamentals as well since a USD rate hike this month is likely.
Te chs
1. We are trading above the high of JAN 2016 which is a very significant level (S/R)
2. The Willis Zone bounce indicates a highly probable leg to upside
3. Golden Ratio Correction increases odds of a leg up
4. Weekly Close above previous 5 weekly candles
Fundi es
In light of the FEDs likelihood of an interest rate hike, bulls will be coming in strong...
Upon the announcement of a most likely rate hike I believe we will see some pricing into the market based on the technicals present right now.
We have strongly rejected 1.05000 support and formed a double bottom, and appear to be breaking out of the 4H TL.
I will re-visit this trade after the weekend and on market open on Sunday!
Hope everyone had a good...
Here we have an inverse head and shoulders, a second last kiss to the broken trendline, a supply zone, AND bullish USD fundamentals. This should be an easy swing buy, with TPs at 114.800, 116, 118, and even potentially a new high for the past year, depending on data leading up to the rate hike decision and then the decision itself in March.
Hello Traders,
The market is in a range with price action lacking a firm direction and clearly waiting for a fundamental factor to drive it in either direction. The FOMC meeting tomorrow will be such a driver and we have two outcomes below along with our rationale.
Outcome 1 - Rate Hike and Bullish Press Conference - 65% Likelihood: We favour a bullish statement...
Hello,
NZD/USD downtrend taking shape, price is pulling back, will look for short position as soon as pull back momentum will decrease, probably rejecting 50 EMA and 0.382 fib, even though given the current acceleration I'd say it could even reach 0.5 or 0.618, while waiting for Fed's rate hike.
Either way keep your eyes peeled and be ready to get in the trend!
I have not been able to find any conclusive data regarding whether or not this rally has been all time record for the Russell 2000 Index. Investor confidence has soared to all time highs via 3 week rally. Although I am glad to see this rise occur, I do not seem to understand the logical or fundamental justification for it. How much longer can the Stock Market...
