Either wait for it to bounce off of 211 support and breakthrough 264 resistance - TP at 364 or if confirmation of breakout at 264 without the drop. TP at 36%
FTM dipped over 50% after its February party. Now its starting to feel it again. The trend lines are a bit arbitary but i chose to use a daily chart to show you the MACD. MACD is reversing indicating a bullish signal. If you havent bought yet i wouls say wait for the retest of the FIB-trend line area to occur proly around early 0.43. First TP at .50 (im skipping...
Fibonacci retraces from ATH (338.28) to March low (297.51) -We are currently trading above 50% (bullish pivot strength) -We haven't broken the 61.8% (still possible to short or take profits from long until 322.68-324.28 break) Longs would be smart to take some profits off the table at 320, 322.68, and keep a passive position to ride to 338.28 ATH. Break of upper...
Ok guys I think this is where we finally see our pullback. Notice the artificial pump to diverge from the original fractal . Who knows? Maybe its nothing, but this is what I see and I wanted to share with my followers so they were aware what may occur here. Covered in Bulkowski's Classic Trading Patterns under the trend line chapter he mentions a piercing of a...
"Trading is not gambling It is the games against the system" You have any hesitation above the chart Have any glitch on the BATBTC days chart ? i hope traders can properly indentify my charting glitch ! SPX500 expectation is rights? SPX500 mine own perspective so what's your opinion on the SPX500 price movement please comment in the below section .
nzd jpy is now at strong trend line resistance and also very strong supply area as we can see on technical aspect that it can go the support area which is mention down below on fundamental aspect new zeeland went under strict lock down so we can expect a smooth fall to the strong structure area look for bearish confirmation on lower time frames and enter short...
I don't see the Euro inverting anything. Still, good to keep an eye on this however. Ultimately, there is still a US$ shortage globally and countries that have sold sovereign debt in US$ will need to start hoarding US$ in great quantities again. The recent spurt in the equity markets have temporarily relieved the need for cash Dollars. I do not believe this...
I have a definite short bias at this point, right back down to the weekly ema 12 around 22,000 - 23,000 would be lovely but lets see. Hopefully a short will setup, maybe the break and retest of that long trendline that it's kept above since 30th Dec and retested on the latest dip.
Pair AUDGBP - I keep my graph simple and easy to read. 4Hr chart tells us alot about whats happening. It looks as thou prices is consolidating in the area which the line is drawn. Triangle formation looking to unfold. Will wait for breakout before placing any trades as yet. Good luck.
Gonna backtest the TL; if it holds, bears will be disappointed again. If it breaks back under TL, gonna confirm triple top. Alternate path shown goes down to close gap at 3400 and bounce. Just a guess, this is not advice! I posted this as Neutral as it can break either way now. Trade with great caution, ANYTHING is possible here, GLTA!
I knew XAU would be short this week however I didn’t expect price to drop hi all the bands Wexford lunch time.. I got in and out early this morning.. bollinger band strategy is a must if your a beginner trading.
It Will Go Down ...Sell Here And Earn profit
Gold has been in a uptrend since March, however I see the cup is about to tip over. Even though this hard commodity is the go to for many investors I’m predicting the price to fall drastically once everyone see how strong United States will stand against the last leg of the elections and hopefully the more business savvy candidate comes out on top. The USD will...
In My View , It Should Be Go Fall ....
AU is still stalling at trend - line support, waiting to rise bullish, or possibly break support and fall bearish.