turningpoint

Hello traders, Today we want to share with you our TVC:SPX perspective as it starts to flirt with a very decisive zone at around 2400-2450. Currently market seems to be a very decisive level for the market weather bearish sentiment will kick in soon or not. Current fundamental important facts to consider: FED rate hike (rate odds jumped in previous days ...

Note: AUD/JPY didn't follow what we plan last week, so we didn't trade this pair. Now, we are bearish on this pair. There are 3 trading plans for this trade: 1. Wait for price correction near the resistance zone near 86.2x level, followed by a bearish signal to short. We can short with right risk amount. But the chance of the price correction to this level ...

Note: -Recently, NZD/USD breaks the upward Trendline -Besides, there is a formation of Lower High- Lower Low-Lower High formation. There are 2 ways to trade this pair: 1. Currently the price goes up and touched the upward Trendline and followed by a bearish bar. It might be a signal to short with high R/R of 1:2. Can enter this trade but only small risk ...

Hi Traders, Happy Thanksgiving to all of you. Trade with care. Got into a few positions but market is not moving much. Have a early rest then. seeya

All USD Pairs to me right now suggest at least a pause (or close to one). Here is my updated EW count on the USD CHF. Can never be positive about a turn but that 1-hour candle has a long wick to it.

As We all know nothing goes up/down in a straight line, and with all the bearish sentiment for Oil and CAD we are sure that the turning point is near. Of course, one of the most important rules is not to try to catch the turning point (TP) "do not catch a falling knife" *****So we are not saying to short USDCAD now****** In the monthly chart it is clear that ...

Both #GOLD and #SILVER are in correction phase for exactly 4 years now which looks like ending very soon. Bullish Divergence on both metals is already giving strong signal of Bulls getting ready for longer term... Keep eyes on it !!

Hi Traders, The end of the line of the downtrend of Natural Gas (now at 3601) is very much in sight. This sputtering downtrend is to be followed soon by a significant reversal that would mark the beginning of a major uptrend. The attached 1-hour chart displays the sub-minuette waves 1 and 2 (in green, bottom right) as part of a group of a 5 waves down that ...

EURUSD is at a very important level. Based on historical price patterns, the 1.3450 area is a major point in terms of this pair continuing it's bearish momentum or not. The major support zone between 1,3512 and 1.3450 area has been compromised BUT price is just hanging onto the lower part of the zone. If price can stabilize, meaning it spends the next day or so in ...