Big news coming out from the Stellar* project. We believe in pump based on the news and the possibility for said pump to become the "test pump" depending on what the future holds. Read on and see if you agree.
Fundamentals
Read the big news coming out from the Stellar* project here.
Coins.ph, Flutterwave, ICICI, and Tempo is jumping onboard with Stellar*.
The...
It may be too late to jump in on this one, as the risk is about $20/share in option value if it turns against us.However, if you can stomach that kind of risk and have the capital, a .75 Delta ITM Put with 2-3 months of time value could win big. Today's slight rebound allows for an equivalent entry to the closing price from 11/10/2016. Trail your stop to the Red...
large drop in gold flowing to risky assets during Friday indicates downward pressure on gold
RSI(14) forms hidden bearish divergence where CCI reach lower than -200 level. Only "Sell" position would worth reward-risk ratio but WAIT! for the pullback. ADX is lower but still more than 20, implying downward pressure on gold does not violate long-term upward momentum...
Meets trend line range criteria.
Good Risk/Reward Ratios.
News may affect trending.
Slightly risky trade considering all the upcoming fundamental events with both AUD and USD.
Technicals
We have a Gartely pattern set up here. I am looking to go long at 0.03697, which falls between the 0.786 retracement and 1.272 extension along with 1:1 ratio between the AB and CD legs.
There is also a divergence on the Relative Strength Index from a heavily oversold condition, supporting a spike from around the current price.
Fundamentals...
Considering my idea on the USDJPY (linked below), the Aussie currency is going for a similar pattern (TDP) to exit the triangle with some momentum. I'd expect a bounce on that support tho.
That would be a week-wise trade. Fun fact: ITB4 (Or ITUB, Itaú Unibanco) is the most suggested stock by analysts in Brasil to buy and hold. Mainly because we are approaching a bottom, or you could say, a famous support. That's the last chance to short before it reverses -considering- it will reverse once it hits this bottom. R/R is medium, because we are in a...
Fundamental keypoints: (Translated from portuguese)
* New management: The new finance minister shows that is able to change the actual situation, which makes the market enthusiastic and hopeful
* While Dilma said the actual president is going to stay for the moment, there are rumors saying she'll (Which is Maria das Graça Foster) be replaced by Vale's actual...
We are in a similar posiition here, we just left a bullish engulf from a harmonic pattern, but it lost strength fast, and unlike it's friend AUDUSD, it didn't show any sign of early recoveries on the other indicators. If a breakout below happens, you should expect a 4H/D downtrend confirmation, and break the D/W/M major support. Still, it's a risky trade, make...
It's a pretty risk trade, and I'm only taking it because I made a mistake opening a position short on this pair friday. If it breaks upside, it'll simply continue the trend, drop the position and take the loses.
Otherwise, if it breaks below because of a gap or something, accept profit and get out too, because it could be a bounce confirmation.
Anyway, good luck all.
Oil is not my primary area of expertise and i know that currently the fundamentals are clearly bearish after that the OPEC countries agreed this afternoon not to cut their oil production to lift oil prices. As a result oil prices tumbled to post fresh lows below 70$. However looking at the long term picture, we'll notice that the price of oil is now...
