At the end of last week, price finished with a gap up signalling that the buyers were taking back control
and we have seen the bullish momentum continue into this week so far.
We are seeing similar price behaviour as the 2017 bullish trends and if history is to repeat
itself then we could be in store for a profitable 2020.
From the October 3rd low, price has...
Price has been doing well since breaking through the previous all-time high at $1,615
on 20th September 2019. Price rallied nicely, following the cup & handle pattern, until it
reached a high of $1,823 on 30th October 2019.
A pullback, which was to be expected, came down and even dropped 122 points in 2 days.
Day traders may have been scared off but as trend...
Palladium saw a 93% rally from the August 2018 low to the March 2019 high and with every
big move we can expect to see price become exhausted and form a pullback, reversal or consolidation.
In this case, we saw a period of consolidation which appeared in the form of a cup & handle pattern.
A cup & handle in an uptrend is a strong continuation pattern but only if...
The current climb from the October 3rd low has now grown to 8%, that's a 1%
increase from the previous week.
As a reminder, price broke through the previous all-time high set at $3,028 on
October 28th 2019 and we are yet to see a pullback.
If you notice all the rallies highlighted on the chart, they were all followed by a pullback or consolidation.
Following the 2+ years of consolidation from December 2015 to May 2018,
it was likely that price was going to trend to the upside after breaking out.
Usually, when price consolidates for lengthy periods of time, it tends to form
a big trend in the direction of the breakout. As the breakout occurred above resistance,
we may see a trend continue for weeks if not...
Since the 20% decline up to December 2018, just after it seemed like doom and gloom for the
S&P 500, the market has found its strength again and has climbed up from the low of December 26th
at $2,346 to its current price of $3,078.
This is an overall rise of 31% in just over 10 months.
With a gap and break above the major previous resistance level at $3,028 on...
It could go all the way down to the bottom of the channel to 17.9 SEK in the next weeks but if the bottom of the channel holds it would be a good buying spot if it rises to around 19-20 SEK in my opinion.
welcome to another free signal of Week 44 Nr. 4
Important: Wait for the retracement down to entry.
We want to see a rejection at the Trendline and horizontal Support-Zone before we buy.
Market Buy: 121,156
Target 1: 121,473
Target 2: 121,734
Target 3: ...
welcome to another free signal of Week #44 Nr. 1
Important: Wait for the retest of the trendline and rejection before you sell.
We want to make sure that we see a confirmation before we sell.
Market Sell: 1,62624
Target 1: 1,62488
Target 2: 1,62367
USDCAD Long/Buy Idea
waiting for a momentum candle close above 1.312 to buy this one
1- Regular Bullish Divergence on MACD (in red)
2- Trendline (in blue)
3- Demand/Support zone from Daily
Three confluences are enough to consider Buying USDCAD, after a break above 1.312 (in gray)
Trends still long after retracement
Last intraday support can be seen at 7151
LUCKY TREND ALERT - (non repainting)
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welcome to another free signal of WEEK 42 Nr. 3!
How to trade: Wait for the break below the base - We want to see a retest & rejection before we sell.
Market Sell: 0,62850
Target 1: 0,62699
Target 2: 0,62582
Target 3: ...
EURUSD Short/Sell Idea
waiting for a momentum candle close below 1.09930 to sell this one
1- Regular Bearish Divergence on MACD (in red)
2- Channel Pattern (in blue)
3- Resistance/Supply zone (in light-blue)
Three confluences are enough to consider Selling EURUSD, after a break below 1.0993 (in gray)
N.B. we have got a sell setup forming as well on...
Larger trend still clearly short, possible reversal zone.
IOTAUSD Down 1869 pips since crossing the wave
FREE CRYPTO WAVE
Advantages: Large timeframe charts will give trend direction, wave is set to monthly trend.
DESCRIPTION & HOW TO USE THE INDICATOR:
Free Crypto Wave reads live heikin ashi price to show smoothed monthly trend levels on...
- Solid uptrend
- Good area to jump on the train
- Break and close below TL will negate the trade
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Disclaimer: All ideas are my opinion and should not be taken as financial advice.