Welcome back to another weekly trade recap video. This week I got evolved in 3 additional positions, and I currently have 4 trades that are running as well. So let's take a look:
First Trade -Full 1 % loss.
Second Trade: Entered once price completes the channel, recent double tops, breakout entry.
Running about 1%. SL at BE.
The market after the down move has been retracing till the 0.786 fib level nad now testing the daily structure in blue.
If the price will manage to break and close below the structure, at the restest of it we can look for a nice short order according with our strategy with a 1st tp around 304.
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Here is the Plancton0618 technical...
Yen is consistent in its defiance of the market , and is falling to dollar(reverse chart) while the dollar index is collapsing into the abyss.
Yet, the pair is at a major level, and a pullback is reasonable to expect. Dollar yen is moving in a rising cannel, and the pair is trading...
The pair has reached a key support level, bounced above it, and is now above the local support level.
A good long setup for 0.5% deposit risk.
Targets are at minor resistance levels.
Stop loss is below the rejection level.
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so if you watch this you can see how sometimes patterns play a big roll in structure on the markets and waiting for them to play out we can see whats happeneing now so we need to just wait anything can happen and we have news at 15:00 for the dollar
HH and HL being maintained on H4 uptrend. Price has been continuously pushing past previous resistance levels. Current price reaching possible resistance to form a new HH point. Waiting for overall retracement to form a new HL point.
As we see in the chart, the price structure of bottoming in January is strikingly similar to that in December 2018. After the sharp rise on February 9, ETH has gone through a healthy consolidation. The bull was able to hold price above 115 and maintain a robust volume, which bodes well for ETH in the coming days of February .
I think the supply side for oil will be abundant, considering the fact the tepid world economy will not consume as much oil as the last decade.
growth prospects of major economies looks dim except the US. Many institutes has trimmed down GDP growth rates in the last two month, citing significant headwinds for the world, like debt, trade disputes, geopolitical...
As always, patience pays the bills. I personally don't like taking trades for the sake of it. I wait until I have a very high probability of being right and I make sure I win more when I'm right than I lose when I'm wrong.
Here is a lovely little set up on the EURNZD.
Daily timeframe showing massively oversold at a Major structure level being tested. Loss of...
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We went through some XXX/BTC crosses and saw interesting pattern on BITTREX:VTRBTC (vTorrent). Well, since we saw a potential bottom on cryptocurrencies, there's some new opportunities on ALTcoins and one of them is vTorrent, which has clear five waves up into black wave A and three-wave correction into black wave B. Currently you can see it's already bounced...
I am looking for a short on gold in the near future. I will be looking for price action when it reaches the top. If its breaks above it will change the whole structure. Look out for this pair next week