Hi people it's good to be back
there has alot happened with bitcoin in the last month and I would like to give you my view on when it would be appropiate to invest in the cryptocurrency.
So Bitcoin has finally hit 10000usd congratulations to the BTC owners I would like to buy some but for now there is a better time to get in.
I'll go in on the 618 fib...
After the strong upmove USDJPY has formed a rising wedge pattern indicating a weakness but also with a strong divergence wich makes this pair highly bearish at least for the short term we can see a breakout to 104.000 finding support there.
Also there is no major economic events planned wich means I'll have the possibilty of increasing positions without much...
HI Folks There is a good setup on USDCAD first showing a strong pattern indicating this is a retracement in a bearish trend.
As you might know USDCAD correlates expetionally well on the montly gold has been very straight bullish since January however It'll be better for Gold to find support either around 1.26000 or much further depending on your trading style and...
Hi traders today we have a good EURUSD technical setup
We have a wedge pattern indicating a breakout to the downside soon
Price had broken the daily support and is now heading downwards with now a retracement forming a wedge
meaning this retracement could end soon.
Target set at previous suppport
Be aware of tomorrows ISM number release ! keep your stops...
USD plummited after the brexit release but starts to retrace 50% with that there is a triangle pattern indicting a breakout soon likely to the downside.
If it breaks out indeed we can depending on the CPI release of yapan stay in go for the second target in CPI gets lower then -0.5 on 1July
exit place is around 103.735
Since the brexit release we saw the stock market plummit as much as 5% in a day reducing the possibilities of a rate increase-> reducing possibilties this pair could head more bearish
however : I am positive about the sterling , If indeed the economy weakens we see a slowdown wich could also lead to lower inflation -> increases the value of the currency.
After monday's gap that went bullish price has moved in to a pattern : wedge pattern indicating a weak retracement and price could've keep going bearish right now we are trading along a very strong level of resistance 78.3400 is the level price has respectively hold support I expect it to hold as a resistance as well also the uppper diagonal line has rejected...
So after digging deeper into this pair I decided to give it a chance entering it now because of canada CPI is lower ->deflationary wich could lead to stronger CAD and this would make this pair go bearish
Another good entry would be at the 0.96000 level it's a strong level and will likely hold.
RSI shows divergence
Strong bearish downmove with a retracement on the hourly there is an descending triangle this pair is trading in a wide range (channel)
expecting consumer price to increase wich will devalue the USD and move even further down.
Price will however likely to retrace and find support on 0.95000 wich gives us a bad risk reward because we need to get out above...
Here is why EURAUD could be potentially a very good trade
I was waiting on this pair to break out of the tight rage previous week and decided to enter at the level when It held support now it becomes resistant and also formed a wedge pattern on the 15 min chart.
Price could eventually find support at the fibonacci .618 retracement It's not a major...
USD JPY is bearish on the hourly chart while the RSI shows divergence = underlying strenght bears could weaken this combined that if price moves a bit lower we are at the lowest point since 2014 wich is unlikely going to happen.
We are also looking at an overextended wedge pattern this means a potential reversal could happen at least to 107.850 that's what I'm...
As you may know FED chairman Yanet Yellen has spoken recently about the economy and said "I have a positive outlook in the US economy" and states that she would expect inflation to rise up to 2perecent in the year. And this could eventully lead to deappreceation off the US dollar ofcourse.
She also states that BREXIT would have an important impact on the US and...
Today I would like to share you an oppurtunity to go long on USDCHF here are a few reason why we have the edge on the market :
This is a good oppurtunity to buy the US dollar both from the technical stanpoint as well as more of a macro standpoint :
TECHNICAL : we are in a consolidating/ expanding pattern I waited to see it bounce off to the upper side...
This is a pure technical intraday trade.
Hi guys I found this pair and decided to give it a chance It's as simple as It's gets in trading a basic pennant pattern that is consolidating right now and potentially fall further to round 1.53510 that has hold twice as support and is a strong 618 fib level.
stops could be placed 1.54700