Looking at the chart, we had a strong uptrend, followed by a pullback, some rotation and a buying tail. Use the tail as a stop and look for a 2:1 payout or higher. If there is downside conviction, pull the position.
**Not financial advise, trade your own charts**
Ethereum Classic has shown a nice healthy uptrend. There was a bigger pullback. The clear risk-reward setup here that asymmetrically favors the long side.
**not financial advise, do your own work and trade your own charts!**
We had a nice run up in BTCUSD and a healthy pullback. Buyers bought the dip and drove the price up. Use the tail as conviction and place your stop there. Look for a 2:1 payout or higher. Take profit if we get downside conviction.
**not financial advice or a recommendation, do your own work and trade your own trades***
We have had a massive run up in EURUSD based on recent news from the Fed, as well as just people willing to sell the dollar on many other beliefs... We have some nice divergence between RSI and price back off that full entrancement level. Short may be a good trade. Possible exit at 1.15 with a stop just above 1.172
*Not investment advice, do your own due...
We have some RSI divergence showing up and have had a nice sell off up top. Look for the trend to change and could be a good place for a short. Price could retrace back to 126 area as there is support there or could bounce at 127.3 area as it is a LVN.
*Not trade advice, do your own due diligence and trade according to that.
USDCAD is showing big bearish divergence on the slow stochastic.
Big news coming up with regards to Bank of Canada and interest rates. If they hike, that could be your catalyst for the move lower.
Look for it to start breaking support. Short when it gets close to resistance for best entry.
Looking for 100 maybe +100 pip move from the highs.
Looking at the bottom two longer-term trend lines (which have held numerous times) are now supporting current price action. The Slow Stochastic & MACD are swinging around and look like they could signal a solid BUY. Wait for the MACD cross and the Slow Stochastic to break above ~20. Targets are below & watch those previous resistance lines. When targeting, I...
USLV hast retraced to about the 50% Fibonacci level and completed a gap fill. Looking for a bounce to the upside to test its previous high. We possibly could see another breakdown in price and it fall to 11.70. I have already entered the trade looking for a pop back up. Entrancement corrections can move quickly in-favor or against you.
Target 1= 12.71
I believe we are in the final pop up in the dollar. Just spotted an inverted head and shoulders pattern forming. The key here is that it is still forming and not completed. Recent research has suggested that if the head and shoulders pattern is not fully completed it can move against the pattern harshly.
Look for a clear break above the neckline at $94-94.20...
In my opinion, oil has has been climbing higher on some weak fundamentals, not so bullish EIA & API data, and mostly due to hurricanes & the conflict in norther Iraq...
Here are my trend lines. Treat the stop as a pivot for a move in either direction.
T1 = Target 1
T2 = Target 2
Full disclosure, I am short-term bullish, medium-term bearish, long-term not sure,...