BITCOIN: BTCUSD This thing just will not quit - that rare beautiful thing - a parabola in play - in probably the final vertical crazy phase (think internet v1) - it's going to blow off soon now...but where???
*IDEA *Update Drew in the upper and moved the lower trendline...
Apologies for last upload. Error. Shows DXY Vs Dow - irrelevant. Here is the correct chart of DXY Dollar Index V Gold spot. Gold should rally to 1245-8 at first, then to 1258-1260. Dollar should fall 2.4 to 2.5% in first phase.
Technical analysis is a powerful tool for creating a better sense of the market and making some predictions based on price actions but it's useless or it has minor importance when a big news with catalystic role appear. XAU/USD seemed unable and weak to break and mostly established the 1263$ level resistance being in a shakeout area for 20 days more or less. First...
The pair found support just above the 1.06000 area (support zone: 1.06200~1.060500) First target is still : 1.0730 just above the 0.5 fib and below the 0.618 fib retracement.
Target reached, but the Stop Loss was triggered beforehand. I personally prefer waiting for a confirmation (i.e. closing of the period confirming the stop loss) before cutting losses instead of using automatic stop losses, which would have been perfect in this case, but $2+ of potential loss is a scary thing. Let me know what you think about stop loss levels,...
Traders, 5 months ago I posted this chart for EURNZD defining the targets of 1.46653 and 1.42175. So far price has come close to, but just missed, the first target of 1.46653. I have mapped out a potential pathway for price. 1.42175 still remains a high probability target and could be a good short from the level defined in the yellow box. Best, Chartistry
Hey Traders, We have closed our GPB/USD trade from yesterday in profit. The reason for the close is that price action has twice rejected the 1.27000 level and we now await a break of this level to resume our buy bias. On another failed break we will consider selling at this level as buyers maybe exhausted and the market will need to drop before buyers re-enter....
Breaking down the long-term short of EURJPY as described in the " EURJPY going short " idea (see below) as well as the initial break-out performance, we have come to witness a possible continuation in a similar fashion. Note that the long-term trendline forming the top wedge (based at 121.977) is still strong for a new-forming, even-bigger wedge, with the...
Looking a few days back, there is a excellent morning star signal that does not quite come through until the news today where the 123.000 level was retested (false break). Looking at the structures performance there is still a bit left to go with open retracement opportunities (scalping short-term buys). Price expected to reach the 120.800-120.750 range where...
Hey traders! We're enjoying a great rally on the USDCAD. This is it if you missed it: Here's where it gets a little more exciting. We're looking at consolidation after wave-((3)). A nice triangle formation is telling me we will see continuation after completion of the E leg. So, what does that mean? I want to add more to this position at wave-E! Also,...
6 days ago I posted on a short trade on COST - Here is the update Target 1 hit. As we are in the blue zone now I will watch the price action carefully but would like to think the next target of 144.72 is achievable also. We'll see :)
Hey traders we have another cypher that can come in play
I didn't see the new trend line. Gold is going to do a breakup
AUD/USD is moving within a downtrend and reversed from the upper Line, also this Pair could not form a higher high. Selling the breakout of the ascending Trendline seems a good Idea Trade safe, Daniel
SPX500 broke out of an ascending Trendline and tested this Line as a confirmation. I expect more downside potential because of the breakout and the broken support zone at 2140. I'll enter a short position after a breakout on a lower timeframe. Trade safe, Daniel Likes and Comments would keep me motivated to post more Setups
AUD/JPY reached our second Profit. We have to expect more downside potential due to the fact that this Pair broke our symetrical triangle to the downside. So if your still in this Trade you can hold onto it. Trade safe, Daniel Likes and Comments would keep me motivated to post more Setup