the over night is in a very balanced area right about where the market closed so no real opening adjustment expected, First idea is a test into the 2930 - 2933 area and maybe this just becomes the chop zone for the day, if this area can let go the would expect a move to 2920 area and then a move back to 2930 area, further down is not very likely, but anything...
We still have that massive bear flag overhead. But for now, we are in a bullish breakout. Should be good for a few more altcoin percentage gains.
ETHUSD ETH has been a fabulous short all the way dwon from 399 in a succession of trades over the summer. Left this one looking for a bounce from 252 and by chance happened to write on it last at exactly this point. At least shorts were closed out there but really should have reversed long there too. Easy to say that now of course.... It's afe agin whilst it's...
I post all of my 1Fox trades on my twitter account. @Duckquotingfool I was waiting for some breakout of resistance so I could go long and then a close with a quick scalp at the top. got to make some money in this bear market. I'm tired from HODLing.
Buy Euro USD Market Execution with A TP of 1.17500 from there we will look to short for 50 PIPS and close. Trust me :)
see where the trend lines cross? This is about tight stop, risk to reward
See that diagonal break and the candlestick price action on the daily (consolidating right below the first low of diagonal)?.... With that daily candlestick cluster, EJ can just keep those headphones on playing the euro's favorite song by TLC.. So I creep, yeah, just keep consolidating cause no one knows which way I'll go....Except Remy, who is me btw.
For scalpers... Ecad is in s strong uptrend, it may just continue up, but we may get a small 1 hr flag/ a smaller wave pattern wave 4 correction. Look for it to push up to that fork and 1.618 extension. I said I don't like this pair, but when I look at Acad and EA I feel like it will push up. Depending on who you are it may be better to not mess with it.
A little after the fact but looks like they want to break the low.
I told you I don't like to trade market open. NZD/CHF retraced to the 618, and also the 1.618 extension, on either a C wave or wave 3. Based on the price action I would expect it to at least make a further correction. Made a small diagonal. I would look to trade it up to high as the equal length extension meets and 38% retracement right above it. It's possible you...
Since mid-June, Oil has been in a downwards channel. I expect the price action to recover to 46.42 - 46.91 before revisiting the May lows of 44.4 - 43.
1. Stopping volume: The previous bar is a down bar closing at the lows of the bar with high volume, what this means? possible selling, but, look how the next bar respons, high spread bar, closing at or near the highs with greater volume, so, if the previous bar was a weak bar, why the market didnt go down? The next bar is a up bar with not excesive volume, so, it...
breaking out from descending wedge? I been scalping all morning both gold & jdst. bought $jdst below $17.80 sold for $18.74, went long scalp at $18.87 which currently showing as support.
Short till it hits weekly support 126 zone, then long till 130.00 zone