For this week, 15 to 19 Aug 2022 for oil market I still prefer to sell as the daily chart is still indicating bearish trend. Last week whenever price managed to rise above SMA 50 it failed to stay above. Future could is also still bearish. So I defined the selling zone with stop area and the possible target profit zone.
Trade well and wisely.
Last week usdjpy plummeted to 130. But this pair is still strong enough to hold above 130 level. So what is the scenario for this week? From my view I would prefer to sell the rally. There are 2 possible zones to go for short. 1st one is around 135.583 area (red horizontal line). 2nd one is the red rectangle area, 137.35-137.75 zone.
In my humble opinion we can...
As I mentioned before, for this week I would prefer to sell the rally for usdjpy. U may refer to my previous analysis which titled alternative scenario for usdjpy. For these 2 days price rallies upward. I think this is gonna be chance ro reenter sell again.
I have defined the selling area and the tp area. U can stop if the price break the blue lower trend line...
Overall trend which is shown by d1 chart xauusd remains bearish. Candle is still running below ma 50. Candle is running below the cloud of ichimoku too. But macd is crossing up below 0 area upward. For this sort orf market I prefer to sell the rally. The moment would be whenever gold rally up near the upper parallel down trend chanel. That is the moment to SELL...
I tried to study the drop on July 22nd to determine if there were 13 waves for a corrective Minor wave 4 or if there were 21 waves for the first wave 1 in Primary wave 5 down. I saw the former more than the latter. If this is true, my previous forecasts are only off by 3 days and the levels to which they finish will remain with the exception of the wave 4 to wave...
Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome.
BHP has sure been belted, but should we catch a falling knife?
- Let's take a basic look at BHP using a...
