Anyone would thing those erratic moves from October 2015, August 2015 and January 2016 were just flash crashes and yeah they were but all of them respected supports so...
Are this bearish moves controlled?
Yes, they are. Seems like market is correcting all the upside movements by now and we are in a slow bearish trend with a long term resistance and a...
Talking Points:
GBPUSD Technical Strategy: Keeping Bearish view
Elliottwave Count: ZigZag Correction will be our primary choice in count
GBPUSD Start showing divergence on daily bearish trenline and 240min newly created bullish trendline. Current level 1.4650-1.4700 is 100% expansion of zigzag and also testing horizontal resistance.
Long term trend...
What do i really like in this trade?
First of all i am taking this trade with the overall direction of the trend (Bullish), i have a nice Risk/Reward potential as you can see, i can even go for more but i dont like being greedy. Also i have price action confirmation in different time frames, like the 4hr and 6hr. but i am taking this trade in a 8hr time frame,...
A series of events took place causing me sit back and contemplate market participants (in)sanity. First, it is known that I've was one of the first to stick my neck out and tell it how it is – the U.S. Is facing a recession in 2016 – last April. Soon after, various investment banks flirted with the potential but gave the very realistic situation very low...
When is this rally short covering rally going to end?
It already has. It's just bounced off monthly resistance.
But besides this, how do you know it's the end of the rally? Surely the there must be more than one technical indicator?
Well you're right. A crossover of the MACD and a break below the upward trending support would confirm this rally is over plus a...
Today's closing price will be key to decide for monday , as price needs to close over the trend or below the trend line to draw investors in. bear in mind the fundamentals today should give you a MAAAASSIVE picture. (NONFARM PAYROLL)
A few notes about this chart.
The orange line is the unemployment rate.
Black resistance lines are at the top.
1. There seems to be two drops of the unemployment rate before the market falls. This could be due to expectations in interest rate increases.
2. Assuming the unemployment rate falls another two times, the market will drop off sometime in...
Hi All !!!
As you know (if we have spoken) I am about to start my new trading year. ready to (hopefully) achieve my targets of 25% profits per month (although this may not always happens!)
consistency and discipline is important in trading and even more if you are a home trader with a small capital. But Punctuality is even more important!! be there where you...
US news dominates this week and therefore waiting for how price reacts at key levels is key to success.
At present price has rejected new lows and is hinting at a retracement which will likely be to the 50% fib level.
With that said a continuation of the downward trend cannot be ruled out with Yellen due to speak Tuesday afternoon and Carney Wednesday morning,...
As it's a non farm week markets will historically trade sideways pending the release of Friday. The weekly close below the 61.80% fib indicates further downside gains with a rest of the 200EMA and 50% fib likely.
At this point it's likely price will break or correct at the 50% fib level towards the 76.4% or 38.2% fib levels where it will likely consolidate until...
It is clear that the U.S. dollar has been one of the biggest hedge fund crowded trades, and still remains despite recent pullbacks in the greenback.
And, although, the DXY saw a violent decent following last week's dovish FOMC-minutes report, there is still an underlying dynamic that supports a much higher dollar.
History may not repeat, but it often rhymes....
Reasons for
-Daily we have Had a nice up move now we have had a to a key level at 1.0000
-Also we have had 3 Dojis in a row
-Showing obvious Rejection from our key area at 1.0000
-On the lower time frame on the four hour we have had a rejection of a keyFIB level 0.618 level
-Also shown a rejection from 1.09500 which is in line with our Fib level and also a...
AUDUSD has been in a massive bear market for over almost 4 years, the FED has been kicking the interest rate can down the road and has got quite tiresome to say the least, USD on the DXY look very bearish now.
We are looking at this as follows:
Pullback to value, get long on good technical signal.
High volatility with bearish movement at the to 1,1040-1,1000 (1,1020) and then Bullish acceleration to 1,1230 area and then 1,1350. Consider those levels for the FOMC meeting
This week is clearly a fundamental one. If BoJ maintains dovish measures and FED surprises with a renewed hawkish tone, we may see the US dollar climbing back to a transitional zone.
Despite what so-called gold bugs have been trying to predict for years, it still remains seen how valuable the most "hated" asset on Wall Street can be. Calls of $10- or $50,000 gold have made headlines and often laughs, but when investors take into account the supporting fundamentals, gold can be extremely beneficial during these centrally-planned...
So as most of you already know it is March The 10Th Which is the date where The ECB come out and speak about Monetary easing, Inflation and Rate cut
What am i expecting ?
Well as a mainly technical trader it is in my job description as a full time trader to look at Both technical and fundamental in the market.
After heavy research into the Fundamental side...
Overall bias for GBPAUD is bearish
1.Numerous reasons
2.Firstly making lower lows
3.clear down trend
4.The pound is weak
5. Break of key level 2.0000
6.Break of strong trend line
7.Bearish candles
Wait for retest if you want a better entry :)
Happy trading
![AUDUSD: [AUDUSD] Long with the overall trend](https://s3.tradingview.com/w/wF3EBFmi_mid.png "[AUDUSD] Long with the overall trend")
