CAS_Trading

CAS_Trading Updated 

Not confirmed yet, but it looks like there is a pretty high chance that the price will retrace from the current levels, which will indicate that an H&S pattern will be formed, which means the up-trend reversal. As a result, it would be reasonable to open a short position on the break of the neckline. A 1-hour time filter (candle close) should be applied as a...

CAS_Trading Updated 

Today, oil spiked higher on the news of the possible OPEC and allies production cuts in 2019. Alongside with all the technicals outlined below, it would be reasonable to open a longer-term buy trade. Daily: 1. Extreme oversold RSI reading 2. Bounce of an important support zone just under 60$ level 3. Break of the downtrend line on the RSI 4. Early buy signal on...

CAS_Trading Updated 

The idea is to trade the break of falling wedge in ETH/USD pair. For additional confirmation, a 1h time filter can be applied alongside with the break and close above 20 & 50 day EMA's. SL below the recent low and TP based on the Minimum Price Objective. For the pattern to be valid, the break should occur in the next 6-7 hours. Should be a nice and quick...

CAS_Trading Updated 

The idea is to trade the break of the neckline with a 1 candle time filter for confirmation. SL below the 2nd shoulder and the target based on the Minimum Price Objective which coincides with an important resistance level. For those who want additional confirmation could wait for the break of the downtrend line.

CAS_Trading Updated 

From the 4h chart above it can be seen that the EUR/USD pair has been in a downtrend since 12th October and finally some signs of consolidation can be seen as the price tries to retrace. For me, it looks like an inverse Head & Shoulders pattern is being formed at the moment, which is a bullish sign at least in the short-term. Alongside with the following...

CAS_Trading Updated 

From the chart above it can be seen that Gold has shown positive signs in the recent weeks, mainly due to the global equities sell-off. It looks like the recent price action has formed an ascending triangle, which usually, means a continuation of the bullish trend. Furthermore, the up-trend prevails on the RSI as well, but it is slowly approaching overbought...

CAS_Trading Updated 

The idea is to trade the bullish divergence and the bounce of the 200d EMA/uptrend line, which last 4 times indicated the medium term trend change. Alongside with the oversold RSI and STCH readings, it can potentially be quite a good trade with a pretty high RR ratio. Targeting the previously established all-time high and the SL below the recent low. The long-term...

CAS_Trading Updated 

The idea is to trade the break of the rising wedge. Can be both ways as the wedges can play out both as the continuation or reversal patterns. But I think that the higher risk is on the upside as the pair is trading in a down-channel since November 2017 and the retest of the downtrend line is highly likely. Furthermore, on the daily chart, we can see that STCh...

CAS_Trading Updated 

The idea is to trade the Bullish divergence in the EUR/GBP pair. For confirmation a buy order is placed just above the previous high, a break of which will mean at least a short-term reversal of the downtrend. RSI looks seriously oversold both on 4h and Daily timeframes, thus a pullback is expected. Furthermore, price approached a significant support level, from...

CAS_Trading Updated 

EUR/USD pair has shown a significant weakness in the past 2 weeks and it looks like it found its bottom, especially when looking on the daily chart: 1. RSI in the oversold region 2. The daily candle looks like a dragonfly doji. 3. STCH oversold and looks like the early buy signal is given. Furthermore, looking at the hourly chart we can see that the price action...

CAS_Trading Updated 

Fundamentally JPY looks extremely strong as usually it counts as a safe haven when the risk-off scenario prevails in the market. Indices falling sharply and my personal view is that there is still room to go down taking into account all of the latest fundamenal developments. Technically, JPY has formed a rising wedge and looks like it is ready to break it in the...

CAS_Trading Updated 

Looks like EUR/USD has formed an ascending triangle which in most cases means a continuation of the uptrend. Taking into account the drop of EUR last week and potentially strong fundamentals coming from Italy, we could see a pop higher especially throughout next 2 hours - Spain, France, German and Eurozone Services PMI data. The idea is to trade the break on the...

CAS_Trading Updated 

It looks like EOS is forming a head and shoulder pattern again. The idea is to trade the break of the neckline, 1-hour time filter can be applied for additional confirmation as there might be a false break. Stop loss above the 2nd shoulder. TP level based on the M.P.O. projection. Try to keep it simple. Found out that simple analyses and basic pattern work very...

CAS_Trading Updated 

That's an update of my initial idea (can be found below), which looks a little more in depth using the VPVR (Volume Profile Indicator). Based on the analyses there can be clearly seen that the current levels are crucial for the price of BTC and a strong move is expected very soon (probably even tomorrow - the SEC decision on the BTC ETF approval). As a result, a...

CAS_Trading Updated 

The idea is to trade the break of the rising wedge as it looks like BTC is now at a crucial level and is set to retrace from the current levels. The break should occur throughout the next 3-4 hours. Stop loss above the previous high, Tp based on the projection + important support. Good luck to all. Check my other ideas and subscribe if you want to receive...

CAS_Trading Updated 

According to my latest analyses BTC is still in the bear phase of its cycle and based on my model is set to break the multi-month lows in an attempt to find its bottom in the 3-5K area. For short-term traders, there is an opportunity to trade the break of the triangle. Can be both ways, but personally, am going to trade only the breakdown. Wish all a great trading day.

CAS_Trading Updated 

Dow Jones alongside all US equity indices is in a strong uptrend despite the recent price action. All eyes on todays' FED press conference. It looks like the markets have already priced in another i/r hike of 25 b.p. IF fed will change its tone and the comments will be more Dovish, there is clearly the risk that the US equities will fly and continue reaching...

CAS_Trading Updated 

Due to the overall bearish sentiment in the GBP because of the latest developments regarding the no-deal Brexit and potentially a second referendum in November GBP/CAD pair looks weak and is expected to further slide after the Mondays' retracement. Furthermore, CAD is supported by strong fundamental data and the strong oil prices that are set to further rise in...