As we start a new trading week I felt the need to update some charts from a smaller perspective to be published. I am still bearish for the overall, but of course we'll more than likely see counter trend opportunities. I wouldn't risk it for small gains when I know if I'm patient long enough the reward is far greater going with the trend. We shall see.
My last analysis was from high up on the Monthly, I wanted to zoom in to get a closer look at price. Am I Bearish or Bullish? Bearish. I believe price will continue to break down, it's only a matter of time. I also believe that it's possible for a rise in price, but now isn't the time for that so to look for longs would be very risky on the capital. These are...
I do not trade Gold, yet. However, if I were involved these would be my areas of interest. I'm mostly Neutral, but I'm more bearish for now.
This was a quick mark up on US Oil I just completed due to a good convo I shared with a friend on Facebook. I've never looked into oil, but from what's been currently transpiring I am now intrigued. Let's see what happens!
The Dow Jones Index is at the high end of the curve. What goes up must come down. I believe we'll see another rally in price before it actually starts to head further down, but I would be looking to short once there's a B.A.R of the $21600 price point. We shall see.
These would be my areas of interest IF I were to trade the SPX. I am Bearish. However, I do believe that it'll be a rally in price right before the bears enter the market to push it lower. When? Hell if I know. I would pay close attention to price action since it tells you everything you need to know. Happy Trading!
I don't normally track & trade the British Pound/Japanese Yen. However, I wanted do a markup to keep my skills sharp. If I was trading this currency pair I would wait for long positions. Let's see what happens. Happy trading!
I normally don't track & trade the US Dollar/Canadian Dollar, but I've been back-testing a method I plan on implementing into my overall strategy. What you're seeing here is just a quick mark up from the "bigger picture". If I were asked then I would lean more towards bullish with this pair. Let's see what happens. Happy Trading!
Last month I executed a long position on Bitcoin from $8040 to $9853 which I closed this past Saturday (2.8.20). I always stay Neutral. However, if I had to choose I am more bullish than bearish with Bitcoin. How far Bitcoin is likely to go? I have no clue, but I'll be prepared for whatever the outcome may be. I say pay attention to order flow, market structure...
My overall bias for the Dollar Index is bearish. Let's see how this play out though.
I go through a number of time frames and explore the price action and probabilities. No predictions, No recommendations. I'm short on this market at this time. Disclaimer: Your losses are your own. This means you sue yourself if you lose your money.
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I do not trade the New Zealand Dollar/US Dollar. However this is just a quick mark up of what I noticed by glancing at it.
I feel like I haven't viewed Bitcoin in awhile. However, these are my areas of interest which I'll track for the time being. Things can change as price move forward but BTC emerged from my HTFZ (8783.3) and now approaching a new level (9640 - 9700). If the new level is respected then that means a short opportunity should present itself, and if engulfed then I...
This is my Australian Dollar / Japanese Yen chart that I'll be tracking.
EU was making classic LHs & LLs on the Daily chart which led price right into a HTFZ (1.0820 - 1.1016) where price not only reversed but broke out of a bull channel. Although I'm bullish I would like to see price dip back down around the 1.0991 - 1.1035 levels before a strong rally happens. Since EURUSD engulfed a zone on Friday's closing candle I would look to...
GU's price is approaching a HTFZ (1.3000 - 1.3170) while in a bear channel along with bullish momentum from LTFZs and off a PPZ. If the barrier is respected then I would be bearish for the upcoming week(s). I try not to base my analysis off of any indicators, but I will say that I noticed the RSI divergence being shown on the 4H chart as far as price is printing...