Looking good! Can we break-out to new highs next week? I think we can.........
Looks good for a swing trade uptrend potential
No technical explanation, it's an altcoin lol just watch trends. Targets are based on fib extensions. It could easily go much higher, of course, but fibs don't provide much meaning in the 3x+ area IMO. Alts are back maybe?
Long XAUUSD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) XAUUSD has a cumulative probability of a =>7th day lower at 0.3%, hence there is a implied 99.7% chance of reversal on the daily. 2. Technically there is also some nice structure about the 1250 level. 3. Fundamentally I think risk is priced very cheaply here, although...
Long EURNZD: 1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURNZD has a cumulative probability of a =>6th day lower at 0.5%, hence there is a implied 99.5% chance of reversal on the daily. 2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1SD. 3. Fundamentally I also like being long EUR given the ECBs new more neutral...
GBPAUD: 1. SterlingKiwi has been aggressively bid higher for the last 5-days on the back of sterling data outperforming last week, broad aussie weakness and a general recovery from lows. 2. Statistically, after analysing the last 16.5yrs of data it shows the probability of a 6th day or more of buying is 1.22% which means there is an implied 98.78% chance that...
I just came up with this great strategy and i'm currently backtesting it. I'm sharing it, maybe you'll find it interesting! This strategy uses 2 custom indicator CM RSI-EMA (you can find it in the user library) 1 custom indicator CM Stochastic multi timeframe (you can find it in the user library) as reference i use Bollinger bands and pivot of course first...