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GBPNZD SHORT SETUP
Bitcoin Coinbase Chart Breaking Higher Again
It's popped the upper parallel and is now in process of trickling
back down the same parallel - so now we need to see a
higher low set on this decline - maybe at 10333-10300 and if
not off the lower dynamic support line...that is the signal we
need to get long again from here. So far this looks ...
Yet another reverse head and shoulders pattern with
a minimum upside target at 2992 once triggered by a break
above the neck-line which is now closeby at 2.222 - with stops
a little way below the neck-line once broken to upside.
Have indicatios and a bias to believe that there are opportunities for the GBPUSD to go long for the Mo/W/D timeframes as trend momentum downwards has been broken, and overall Mo is up. Using the trading methodology from my mentor we can utilize a set and forget type of trade of the order flow method, since upward monthly trend is currently upward.
FTSE 100 UK 100GBP Key Levels and Trade set-ups today
This chart shows FTSE's great 9 year rally from start point at the lows of 2009 to the end point on 11.01.18. This cycle
forms part a longer 9 year year cycle that was described and shown in last FTSE comment. The lines of support and
resistance are clear and should be helpful in coming trades...
FTSE has ...
FTSE 100 Index: UKX Long Term Time Cycles in FTSE Index
After rising 10% at the start of the 2018 FTSE has fallen all the way
back its start point for the year. Up 10% and back down 10% in 6 short weeks. The action looks unlikely to stop now.
In fact it could be just beginning. Probably the greatest trader who ever lived, WD 0.61% Gann , told us to measure ...
S&P 500 Potential Buy Set-Ups
Clear continuation pattern as it rinses out every stale bull who
jumped in at the first big impulse wave upwards and on the
wrong side of this now...should make a sweet double bottom
or close to - the first long is a speccy buy with stop either
under today'slow at 2615 or at lowest under that last low to
left of chart at ...
NETFLIX NFLX Buy Neflix and Chill - but where?
Volatility returning to the market is throwing up some
interesting short term trading opportunites, with Netflix being
a prime example... The nearest support lies at 261. If this
fails today it should open up a shorting opportunity back to
228-245 range. The 245 level is important, being the start of
Sterling pinged off the next blue line at 1.4317 and leaving
pins on the daily chart - like a crypto in super-slow-mo - this
is moving at one frame per second compared to crypto-world
rate of speed at 240 frames per second - same fractal/ratio.
Although GBP is sitting back on the nearest support it doesn't
look likely to create much of a rally, just a ...
MONERO XRMUSD Short Set-Up
Tessting major reistance at 213 and becoming vulnerable to
the next decline. Once it breaks below the small dynamic
support line running under price it should fall away to 150
again and potentially lower still.
Ripple Next Short set-up
Approaching a major resistance point and on verge of next
collapse. See what happens on each previous rally collapse.
Can wait for this to fall below the small dynamic support line
underpinning this rally. Once it breaks it should come back to
test the structure to its left at 0.558, a fall of 30% or so and
Lately GBPNZD breached the lower Elliott wave channel line around the 1.9205 region, which can suggest a bearish continuation to be in progress. Notice that rally from 1.8614 level is in three waves, which is also a sign of a temporary correction, so more weakness may follow.
All said, a further break below the 1.9004 level will confirm more weakness.
BCHUSD Next Buy Points
BCH is coming back into a buy zone at current levels and
down to 2485 - look to accumulate on dips now with stops
below the dynamic support, looking for 283-2910 area to
begin with and up through 3177-3255 to 4100 further out in
Litecoin: LTCUSD 2 buy points:
1. On test of 240 with stops at least 5 lower, under the
dynamic support line.
2. Add On a break of the dynamic above - need to see some
volume pick up with the latter and a decent rally in first hour
after it happens...if we see this it should pick up momentum
as it rises and should then hit 283-285 before it meets profit ...
What a difference a week makes. Within hours of the last comment BCH had fallen away to a low at 1631, 7 points
lower than the perfect entry point at 1638, before ripping 300% higher in 6 days flat. Facebook eat your heart out.
Now it's in the process of making a flag formation which will stay good so long as the rising dynamic from the beginning ...
GBPUSD Another Dog that hasn't Barked
Today's price action shows big spikes either side of current price, denoting uncertainty on both sides of this fight.
But GBP has stood strong as the Dollar surges...what is it likely to do when the Dollar stops? Sterling has spent all
year defying the bears. By the look of the flag now forming that situation looks unlikely ...
GOLD and DXY Gold and Dollar Index Update
DXY did come off from where it was meant to last week but
has put up more than just a fight so far in the 92.74-92.50
range. The fight back was to be expected, but it's doing
better than envisaged so far here - and these conclicting
signals urge caution now ...no interest in getting involved in a
battle of whipsaw ...
ETHUSD Potential Trade Set-Ups
Pretty dull still here. It's not giving up without a fight but not
a range we need to be involved in right now. Maybe if it
breaks the upper dynamic holding back all rallies so far, but it
looks like running into overhead supply at 477 so if you follow
this break, should we see it, look to close out here and only
enter long ...