PayPal broke to the downside, then bounced up on a strong upside market day. However, the gain of the bounce is weaker in volume and price pattern than the previous downside black candlestick. It has weak support to the downside all the way to the red line.
US fundamental on CPI remained unchanged, this was a pivotal macro indicator which large investors were waiting for, sentiment, therefore, remains more at ease, from a technical perspective price tapped a key liquidity barrier however we rejected this zone with an evening star reversal pattern then a 4HR bearish engulfing candle closing below a minor trendline...
The price is finally over the key dynamic support identified by the EMA200 weekly passing for $ 1269 an ounce. So now the support at 1324 dollars is a key level in the very short term. It will drive the price to the first significant increase in trading volume. It could reach directly the support at 1299 or the second resistance at 1348.
Basically the most...
Waiting on Japanese session reaction to GBP pullback. (PatiencePays)
If there is a breakout off the downward wedge (Long position)
Take profit 1: 140.000 (Resistance & just below 50% Fibonacci Retracement)
Take Profit 2: 142.650 (fibonacci Retracement 61%)
Fundamentals affecting decision:
Long Position positive news on trade war negotiations and continuation in...
Très beau excès haussier qui fera plaisir à ceux qui sont passés à la baisse.
Je suis passé à la vente presque vers 8 500 , le léger dépassement de la résistance était probable: il faut faire croire aux acheteurs qu'ils peuvent prendre encore le train jusqu'à la prochaine résistance des 10 000 pour leur faire comprendre que, finalement non ! :D C’est d’ailleurs...
Risk-off prevails as trade war intensifies. Stocks are falling and Yen demand is high. USD/JPY corrected upward early morning and touched its daily Cloud resistance to resume fall. Pair can fall towards 109 as long as it is below 110.30 area.
Traders, investors, the public and the crypto world spent the beginning of 2018 fixated on the parabolic rise and equally sudden plummet from 20k to 6,000. By mid-2018, it was clear that the bull run was over and a massive descending triangle was forming with a base at around 6,000. The Minsky moment came at the end of 2018 with an introductory drop to...
ALWAYS WAIT FOR THE RETEST and MANIPULATION.
Be extremely patient and USE risk management and constantly read the news and try to understand if a currency will be appreciating or depreciating depending on the news.
Today's price represents all the news and has been seen in the past.
We forecast for the week ahead:
1) Outline anticipated move
2) Outline Contingency Plan
3) Create trading plan around Price Action (entries planned on H4, H1, H15 dependent on your anticipated exit)- Updates will be provided.
4) Create a Risk management plan for unexpected fluctuations
5) Sit back relax
(See Related Idea Below)
Revisiting our Chart of the Day from Tuesday, where we took a look at the safe haven asset of Gold.
On Tuesday we were seeing Gold catching a bid and trading higher on the back of a softer dollar and investors cycling out of riskier assets and aligning themselves with the risk-off assets.
We discussed the longer-term setup of the head & shoulders pattern...
Good day risk takers,https://www.tradingview.com/x/Ro5Wz4kJ/
The Market has been in an intermediate down trend since early April 2018, for the first two months of the downtrend it had a strong momentum. Market then started to run out of steam but slowly pushing down until entering an 11 month channel with occasional fake outs to trap sellers and buyers. In...
so ive stopped posting charts , so this ones gonna be simple.
looking for april breakouts on MMJ charts, including this hidden gem.
finding support @.1, which is right above its initial open price 2 years ago @ .06.
looking to hit the top of the larger wedge as shown above. possible 1000% gain if played out correctly., and have seen alot of buys @ this low level.
We have some important updates here on Gold after the previous chart (see attached: "Large triangle forming...?"). It is now clear we are in the final leg of an ABC sequence.
It is time to start paying attention to the Gold chart over the coming weeks, there is a very strong argument to be made for a top being formed here. This can retrace as much as 1255 here...