Don't be fooled by the pullback so far this week, for the dollar is still king. Watch for a break in the market structure to assure the reversal of the bullish trend. Otherwise, get ready for another leg up or at least a test of the highs aka double top.
BTC is cornered for the time being in a bearish triangle inside a bearish trend channel. My advice is don't buy Bitcoin unless it breaks out to the upside, only then you can either buy the break or wait for a pullback to test the mentioned support. Always use a reasonable stoploss in your trading/investing.
I believe that BTC should go up from here based on many factors, most importantly the liquidity grab below the weekly lows (wick rejection). So, I think it's a good chance to buy and make some money (SL below the daily wick).
"Buy when there is blood in the streets, even if the blood is your own" Baron Rothschild
this is a probable trading scenario for the above mentioned pair, based on technical analysis alone. If you would like to see more ideas like this one, please like and subscribe !
Dow Jones index will try to go for a new all time high as we see it found solid support. Great trade idea with a great risk to reward ratio as usual. Subscribe for for !
Crude has been very generous lately to me personally and is still offering good opportunities all around the place. This swing trade setup has a high success rate. I couldn't afford not to share it with all of you. If you like what you see and want me to continue offering trades like this, and day trades also, please smash the like and follow !
Easiest thing to do when it comes to Gold, is to trade with the trend. Always remember that the trend is your friend !
If you want more of these setups make sure u like this and I will make sure in return to be more active to send out gem trades like this one !
Break of trendline = pullback = retest and voila ! very nice risk to reward ratio plus the trend is your friend !
US30 index has found bottom lately and broke the downtrend. It will be going for a new higher high on the daily. Please follow for more.
We can see that we are at the peak of the triangle, so there is no room for another fake breakout, unless the formation fails which might take us to 1720 or even lower, the only direction that I see is up.
Gold will hit 1763 very soon and from there we shall see what happens next...