Oil has broken out of the local resistance (The red dashed line).
Longing a 40% portion and then also waiting on the daily close. If we manage to close above the dashed line I will go long further.
Will state targets once the daily closes.
XAUUSD has been showing bearish signals since the head was printed. The daily showed bearish divergences.
The neckline has now been broken of this H&S pattern.
Should be getting a re-test of the neckline once more (the red zone) before moving down to a first target of 1436 and then 1405.
Good luck friends.
This looks like a good trade to be in.
Xau is forming a symmetrical triangle atm, waiting for a breakout from either direction. Pointed more towards upwards movement now.
Bullish divergence on the 4 hour. Usually leads to big jumps in XAU's price.
DXY will begin to move down. There's a hidden bearish divergence on the DXY chart and XAU/other precious metals have a bullish divergence.
XAU looks like it has broken out of the resistance.
Mid term target is 1488.
Should hit it in the next 2-3 weeks.
Enjoy the profits.
Have longed a 50% portion and will long another 50% once we get a 4 hour close above the...
Broke out of falling wedge, bullish divergence on 4 hour, daily has printed hidden bullish divergence. Good time to re-enter for the uptrend. Targets are 0.618 of fib level and then a potential double top. If we break out of the top then we should be seeing 15k.
Going long with a stop loss at 11300.
Title is simple. Can go long. Have already been long for a while.
We have broken out of the downtrend.
Targets are black lines above. First target has already been hit.
If you want to play it safe, wait for a close above the black line before entering.
Easy. Can see the rising wedge. Looks like we are about to break the support. Target will be the black line underneath. This is a mid term target. Will wait for a 4 hour candle to close underneath the support zone before going short.
Rising wedge forming. Big short. DXY will move up. GBP will also be moving down.
Should touch the support (red line). If we get a break of the wedge we will be moving down.
May get another re-test of the current support (black line) after the breakout.
Going to short now.
Stop loss at previous swing high (1.329).
Stop loss above the black line.
Those that want to play it a bit more risky. Move stop loss to a bit further up in case of a bull trap. (around 1.138)
Downtrend line has been very strong in terms of resistance.
DXY looks like it may explode upwards soon if good fundamental news comes out.
Targets are black lines underneath and longer...
Market sentiment is moving towards a more bullish outlook. Every time this has happened in the bear market we have had a very big drop.
12 hour chart on BTC points towards a bearish divergence.
Major altcoins also printed bearish divergences earlier.
Do not be fooled by market sentiment. Remove your emotions from your investments and trades. BTC still has a lot...