I am sorry, guys, posting this with a delay, but what a perfect long!
Again and again, the ultimate power and beauty of simple technical analysis!
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Very good opportunity to buy GOLD!
After yesterdays rise in gold, today the price is stable and we are looking for long/buy entry.
Excellent opportunity to buy gold will be around $1200.
The potential of rising is near by $1232 level !
The model will break down around $1184!
BURST looks good, it's narrowing and trying to breakout having a strong support at 381satoshi, also MACD trying to break-out.
Wedge formation (Bullish)
BB 20 looks a good support from very long!
Get in at below or around 400 satoshi.
Wait for MACD crossover.
RSI too looking good making a double bottom.
Can be a good buy :)
Last week USDCAD was in a counter trend pullback on a decline in oil prices. Price was in an ascending channel making higher highs and higher lows. A weak NFP report for USD caused the end of the rally closing the week at support and the bottom of the channel around 1.35. Start of this week price has already moved below the support making a new low at 1.34500 and...
Every trader is d/f, some like to pick the turns, some play the meat of the trends, some a little of both. I tend to fall in the first camp. It is a painful camp to be in, you must be comfortable taking small losses before you get the turn right, if you ever do.
The close today looks awful for the bulls. Though I know things usually look worse at turns.
Nike is holding support at $50. A break below $50 could target support at $42.50-45.
I do not own NKE. I own UA, and their chart looks very similar.
Will the $50 level hold?
No one knows, the question is whether you believe the R/R is attractive and how much are you willing to risk to find out.
I am holding off for now, but will look to...
Salesforce is holding the 100 WMA. A move to the 2016 high print would be about a 12% move.
To the downside, minor support is at 68 with 64 being the key support level, in my view.
Where is the R/R?
For me, this stock is in no-man's land. For a long position I would rather wait for 68 or 64.
Of course, it may never get there, it might...
The U/J cross is coming up on a big level around 111.00
The 111.00 level was last tested back in May and the cross sold off 1100 pips. I am not saying that will happen, but this level is obvious and everyone will be watching.
What to do?
If you are long, nothing to do but wait.
I will watching the 111.00 for a possible short, it depends on...
Possibly looking long up to levels 106.00 then possibly 112.00. However price will possibly move down to the monthly and weekly trend line giving us the 3rd trend line bounce. We would then seek bullish momentum at this level. However, if price breaks below 102.00 and demonstrates bearish momentum will then be looking for our short targets of 98.00-96.00. The red...