Having totally blown most players clean out of the water with the biggest fake out in history, it's getting ready to go again -
if you are. .. it's come back to exactly the same levels that the Chinese were buying at last night...7077...
put a buy order in at 7090 with stop about 50 points lower and it may get filled later on if it comes back to
make a double...
Bitcoin Update The Shape this is Throwing
So far, the parabolic shape Bitcoin is making remains very
encouraging for the future. If it can now hold up today
between the old high area at 7450 and the new parallel , now
at 7425 between now and Tokyo and China opening we could
see some spectacular gains...it just has to hold up now...
Stops for day-traders...
GBPUSD Tuesday Update
Sterling has rallied to the centre of the near term upside
target which was 10 pips either side of 1.327 after an intraday
high in London at 1.3222 for a 140 pip win.
Longs should have been closed out and the entire position
reversed into EUR shorts with stops just 15 pips above today's
high for a small loss if wrong, as per comment below.
EURUSD The upside target for EUR has been hit at 1.1648-1.1665 after an intraday high in London at 1.1653 for a 140 pip win. Now it's time to reverse the position, as per comment.
UK OIL: Brent Crude: The medium term trend remains positive whilst within the parallels
shown on chart, so whilst above 58 Brent looks to have more upside still, and should
go on to test the upper parallel at 63.30 once minor resistance at 60.60 is breached.
Will be looking to close down longs at 63.25ish and then wait to see price action develop
at 63.30-63.50...
Watch for breakout of downtrend line & retest. Price currently between support & resistance, & will need to breakout either way. If we break to the upside this pair will have some room to push up reaching its daily channel.
The Dollar Index DXY is acting up at the current moment. It is at a critical level where it will bounce back into consolidation or continue the bearish momentum to the downside. AUDUSD is showing bullish price action at daily support. Overall AUDUSD is bullish unless we have a strong close and stay below the monthly level .7750. I am long from the entry...
Watch for break of counter trend line, Price so far respecting possible supply zone. Will look to set another entry closer to the time of pound news. MA's still to the upside & still expect more upside to come! Lets see how it plays out : )
NZDUSD is also on our radar screen this week as we think that rally from Aug 31 can be corrective. Reason is of-course slow and overlaping price action which is personality of a corrective movement. That said, upside can be limited, but after seven legs as correction is going complex. It's a double zigzag with final wave c in play within wave Y that may look for a...
False head and shoulders. Caught it from a mile away. Im in from the entries as shown on the chart. I am very long on this pair. DXY(USD) is melting. NZDUSD only way right now is to go long on this pair. I am extremely Long and heavily invested in this pair.
I believe we can hit the targets shown in time and break the previous high and go even higher. I had a...
Litecoin is following our prevoius count really nice. It hit our projected target a 62! But be aware of fifth wave out of triangle. We could see a big decline with bigger correction soon.
Currently seen AUDUSD form a Higher Low with price stopping just short of the Daily Support @ 0.77875.
Since we have seen price break out from the trendline to the upside with a nice retest, I believe we can now potentially see more upside movement to the Monthly Resistance Key Level @ 0.81.
I was changing my tires at the shop when i entered this but I'm posting this idea as soon as i got to my computer. Long from the bottom spikes. USD is continuing to show weakness. I am long big time on EURUSD also due to continuous EURO strength.
Risk Reward:
Target 1: 1:6
Target 2: 1:8
As we can see, Gold performed so well in the last day trading.
The price went down to below the Major Support @1256, but in the end it closed above the Major Support which is also a 23.6% Fibonacci Retracement.
Right now, the price is moving to the upper ground of the Bridge Area @1264 and also maintain to moving above this area.
The Geopolitical situation is...
I am currently long on NZDUSD. I've been long on this pair for a very long time, and now that we have broken monthly resistance(now turned to support) I don't think the bull run is over. I am hoping for a retest of previous resistance turned to support to hold on monthly level .7300. I believe that the USD DXY is going to continue to crash and we are going to...
USDEUR: Stuck in near term neutral but a break is coming. As things stand now that coming break looks to be upwards, not downwards so long as today's lows continue to hold
I am very confident we are ready to continue to the upside on NZDUSD.
We have strong rejections on monthly support level .68500. Price has come back above
the weekly ascending trend line and it seems so that we are ready to continue to the upside.
Although I do believe we can reach weekly resistance .7075, my overall target here is target 2.
USD is also crashing....
