EU had a SMT divergence yesterday which shows a willingness to change the trend
We had our confirmation when EU broke structure, now let's see if we can jump in with the sweep of asian high to a refined M30 OB above DOP with 1 STD
Here it is, up cluse and personal.
This is the Put/Call Ratio 14 day RSI. - A highly reliable indicator of 93.8% accuracy.
Dump ALL risk assets - including the highly correlated Precious Metals!! - here!
The raw PCCE
Here is the...
INTC breaking out of a consolidation channel after its drop due to disappointing earnings.
RSI confirming breakout; at 62.
Intraday volume is above its 10sma average.
200sma lining-up with previous tested support. Breaking this resistance , would take us into next parallel channel.
Attractive risk-reward-ratio at 2.5, placing...
Price conveyed a strong downtrend, then it created a pennant, which is a continuation pattern.
And if you look at a greater picture, you'd see that price created lower lows, and it was far from reaching the previous high.
SL is crucial for this trade. Since it's a pre-market trade, the pips spread can widen at the start of the trading week. USDJPY's spread is...
Good day traders, welcome to another weekly analysis by ChinSengFx and I hope you all are having a great week ahead.
Let's talk about EURUSD, as you all know, European Union efforts to agree on stimulus package has been a challenging effort for all EU leaders. Therefore, the strength of EUR will be directly impacted.
Based on technical perspective, EURUSD has...
Good day traders, I hope you all have a great weekend ahead and plan your trading strategy week ahead!
Start off with EURUSD analysis, based on weekly chart, price can created a shooting star pattern. From H4 timeframe perspective, price has broken below the previous low (1.1280). As of now, price has broke below EMA55 in H4 timeframe.
Therefore, we have all...
We can expect a breakout from the channel to the upside.
Nice bounce on monthly support (double bottom) and now close to weekly resistance.
Good risk reward ratio RRR if you take entries on lower time frame.
You will most likely get a retest of the channel resistance after breakout (resistance becomes support).
If we don't see a breakout to the...
Facebook has filled the gap and the 50SMA, now its top is working as support. --- Bull
The yellow rectangle I drew on the bottom wick of today oct.18.19, has an above volume average. --- Bull
Details to enter position
* Check out my previous analysis right before the gap (linked)