There are so many factors in my decision to enter a trade, but I always start with the wider time frames. You'll see a number of the confluence factors I've put together is found or more dominantly seen, on the wider times frames (i.e. weekly, monthly, quarterly) and just for the clarity I always start on the widest frame and work down to the narrower views. You...
The correction seems over.
We are at 61,8% Fibo.
Now we must wait for bearish patterns and after thate we could decide if trade this currency or not.
I think will be a good trade.
What do you think about that?
Write me below suggestions and your point of views.
Wait for possible bounce at R3 pivot pt. after the USD FOMC Interest Rate decision at 2:00 (UTC+8) tomorrow. To setup a short stop after bearish confirmation candle in line with the bullish sentiment on USD (www.dailyfx.com).
Ok so EURUSD already broke down that trendline, it almost re-tested it thrice, we can't say that's a double top because it passed through the trendline again and came back in, but I also see what could be a mini head and shoulders forming there.
Since it already reached a .618 Fibs retracement... I would expect a BEARISH scenario, but I need it to confirm its'...
Gold has double topped at the last lower high and while I am skeptical of a sell right now given the USD index is falling there should be caution when taking a long position.
We need a higher close above the lower high to safely buy into Gold which may come later in today's session, otherwise if the USD index re-bounds (see linked trade analysis) we could short...
Ok I think XAGUSD is going even more up than it already have gone so far.
First of all, that inverted head and shoulders which later confirmed a bullish scenario strong enough to return and break into the previous uptrend, so if does a re-test in which I'm expecting to see a morning star then I'd say is a BUY.
AUDNZD looks like a good buy setup, a lot of the indicators and price action are pointing towards a bull run, but Yellen might be the party pooper. As they say, it ain't over till the fat lady sings, and Yellen is a lady and kinda fat so...
RSI and stoch show bullish divergence
First bullish daily candle that might even engulf yesterday's bear
A Bearish Bat pattern has formed after my previous on USD_JPY 30m
Wait for a completion and the rsi to get into its overbought zone!
All the best in your trading!
Apple is in a falling wedge (trust me, the lines aren't random and work on multiple time frames), but for the last two days there's been a rising wedge. While there may be a decent rise in the future if/when AAPL breaks up out of the falling wedge, it may reject the wedge and bounce down to 105 in the next two days. It will be important to wait and see if AAPL is...
Despite the huge drop last week, SPY looks poised for a bounce, barring any Fed shenanigans. While there is considerable downside if the current white channel support doesn't hold, I expect a bounce up to fill the gap from Friday, and potentially up to the white downtrend channel median in the beginning of the upcoming week.
price is pulling back into nice structure level which would be a good opportunity to get long. Buyers are clearly defending this level as they dont want price to drop into the area where Canada cut interest rates. I.ll be watching for a buy signal at this level eg bullish hammer or engulfling pattern. My long term target is still at 1.30 but i.ll be targeting...