Expecting oil to fall in the next few weeks. If u are doing long term trade, I suggest you to get in with small position with SL around $62
We are still on a retracing trip, and its a long journey. The bearish potential is still there plus the president said oil was still expensive :D
So, for those who doesn't want to drive Prius like me, it's a good time to...
With dovish FOMC tone being announced, EU spiked up to 1.145ish, which is about 50% fib level. Overall the tone is still bearish for euro, and we are expecting a mid-term trade to close the gap at 1.08 level. Still, weekly shows a bullish divergence on RSI, but the long term trend is still bearish.
Will take a small position on shorting EU, reasons are in the chart.
For this year, we've seen 3 tops on EU, all looks kinda similar, formed a top, then followed with a lower high, and then puke.
Right now we may forming the 4th top which looks similar with previous structure.
I'm expecting a short here with the target at previous low. btw, on weekly chart, EU...
what a dovish tone it had from BoC, UC was rallying hard for the past 4 days. I'm expecting a retrace from here to 50% fib level(1.337ish), which is also a support from previous price action.
TP and SL are marked on the chart, good luck.
GU currently looks bearish right now, since it had the best week for bull last week. I heard lots of traders calling full bearish trend atm, but, based on the price actions on bear, I'm not convinced. If bears are getting ready to step in, a big fat bear candle or crossing star should be involved.
In a short term, I'm expecting GU to have another bullish up move...
Pound related pairs got some strong movement in the past 8 hours, although it looks really bullish in a smaller time frame. But still Bears are in charge in the bigger picture.
In a short term, I'm expecting another bullish movement until it hits the resistance line. Traders may say there's a gap needs to be closed around 143.43 area, I think it will, but not...
Another junk yard stock--HMNY
I was in on Friday at 16 cents, expecting a future pop to 0.3-0.45 area. No technical analysis or proofs for this kind of stock. I'll send my prayer to anyone that trading in this trashy stock.
This is a risky one, more like a gamble, do your own risk management plz~
Junk Stock, I'm thinking about a pop will come in the next few trading days. This is more like a gamble, so trade in a small amount and do your own risk management.
Expecting a 2x gain on this.
I barely post stock analysis in here, but I''ll open a short position on $M today.
Here's my reason:
I went to Macy's today trying to buy a new pair of sneakers, then I found a pair of shoes that I love and I told the sales lady to hold it for me coz I want to see some other stuff(that's the last pair on that shelf). Just couple minutes later, I came back to that...
CAD has been rough these couple weeks, bad employment data last week plus terrible CPI and inflation data on past Friday, which really drags down CAD or CAD related pairs.
For CADCHF, I'm planning to let it fall for a while, but I'm not tending to be full bearish. If we zoom out to weekly chart, personally, this crosspair has been built up a huge foundation for...
Weekly chart shows some weakness on gold, previously we got some noises on 1365ish and unable to break the top, since we were down from there, I feel like we are going to have some bearish run.
If we are able to have this and next week green on weekly candle, we may wipe out the bears and hit above 1365. Otherwise, we may hit down to 1304 area, which was a...