This is going to be a quick idea. You can see that there is a nice triangle forming, where one of the sides is going to be tested. Now, in the very short-run (maybe on 2017.11.08), I believe that we will see some more SELLing, as the weaker Ausie kicks in. It seems that the money is moving out of the Aussie, at the moment. Gold's weakness is not helping,...
I rushed through, a little bit, on previous analysis on the USDJPY. I will slow down on this one. Either we're going to get a quiet November and the pair will form something of a Shooting Star or maybe a Doji, or the candle is going to be a long one (we'll have to wait to find out which way). So, the first scenario. We can see that on the Monthly chart this...
Look at this beautiful formation! Not going to discuss much, but wait for a close above and go LONG. If it's going to hold, then a little SHORT is possible. Stay safe an keep an eye on the price action!
Has the time finally come? Are we going to see a bit of retracement? Aiming for 23000 at least. It would be healthy for this crazy index to retrace a bit before the Christmas rally (if we'll see such this year). Entry - now SL - 23460 TP1 - 23000 TP2 - 22750 Keep an eye on the price action!
First of all, apologies for the amount of lines on the graph, but it was hard to tell them "goodbye", because they all are playing their role... in a way... Second, no position will be taken until we get a clear confirmation. If we get a good close of today's candle below those two little trend lines, then we could potentially see some more selling tomorrow. If...
Ideally, I would like to see a bit of SELLing, as we already had a good little run. I know, that the way I drew that Fibonacci, some could say that it's not quite accurate. Maybe the Extension Fib could be better, but I am trying to keep it simple. Let's assume that Fibonacci is ok. We can see that we have reached 50%, so there could be some SELLing in order to...
Since my last review of this pair in September, it had a really strong decline. Blame Gold... It has come to this interesting level, where the question arises, will it bounce or fall? You, probably, won't get any other answer from me, apart from "Wait for the close". If the Daily will close below the trend line, which is currently working as support, then the...
Be very careful with ECB. Those guys like to stir up the market. Looking for the breaking points. I think today will have to ride the tape, but you'll have to be quick to jump on it, as I believe, that there should be a good reaction from the market and a lot of participants. I am watching these levels for potential entries: BUY from 1.18360 - SL 1.18100 - TP...
I know it's a bit too soon to say if it's going to go down or up until it has broken through the apex. But, I am expecting a lot of surprises from this one. The key breaking level for the downside is around 1.30500. We have the long trend line there and a recent low. So watch out for that. If you are a strong believer in the Pound, then I would say, keep...
Well well well... Isn't this a fancy level... AGAIN!!! Honestly... This commodity is fascinating. It really loves it's trend lines. It really loves to test them out. Somewhere deep in my mind, it's telling me that this is a good SELL. It would really be a good breaking point for a lower move. Certainly, I understand that we need a good confirmation, like a...
I think, sometimes, this pair is one of the hardest to trade, but at the same time it brings value. Now, we can see by the shape of it, that is building a triangle, that would really appreciate a breakthrough to the upside. We can consider a BUY only if it will breaks and closes on the Daily above the 1.16250. I think it is a good level to watch. If you have...
It is very likely it will test the resistance at 94 and potentially, break through it. If the break will happen this week but it won't shoot up too much, then next week could have some more action. But then again, stay sharp. Aiming for 95 and then 96. I think the strength could come from the Euro weakness. Especially, if the EURUSD is forming a...
Very interesting. So it does want to go down after all. Well, in that case, we'll take a position. So it tested the trendline and bounced nicely off of it. Made a move higher, probably wiping all Sellers and now it is ready to fall. Probably... Be careful with this one. That's why the heading has a word "sneaky" in it. I would recommend to wait for today's...
OK, we know that the EURO is weak. But who's going to be weaker? Euro or Aussie? Looking at the formation, then I believe that it's going to be the Aussie who will show some weakness in this scenario. I believe that Gold will play an important role in there, if it will continue to sell off as it is doing now. There is a chance, that this pair will do a few...
Watch the breaking points of this potential flag formation. I will make a brave call here and say BUY on this one with a target of 0.89440. But history shows, that I might be wrong on this particular pair, as it has a mind of its own. This is a tricky one (as always), so this trade idea is only for today. Keep an eye on the price action.
Nothing extraordinary here. Very quick idea. There could be a little SELL here to test that little trend line on the 4h chart. I am not going to talk much here. SELL with a little target of 87.900, and if I'm lucky, aiming for a break of that trend line. Keep an eye on the price action!
I keep saying all the time, that this is a perfect chart, that follows the textbook rules. I think it's time for a little vacation for this one. The trend is a bit steep, which means that it would be a good time to test it. The possible area, where this crypto could fall to would be around the September high at around 4979.90, which is around the possible...
Less talking, more doing. It's a flag! The potential is to the upside! Keep an eye on the price action!