I previoulsy made a post on this pair, where we were looking for the prices to come to the upper trendline to take a short position. Well now the price is at this trendline and i believe it has made a false breakout. I believe institutions and hedgefunds are hunting stop losses to fill their big short positions, hence we have seen a bullish move in price in the...
Over the last couple of weeks, we have seen the S&P 500 make a nice rally more than 30 percent from the low we saw in late march. Now the price has come to the 0.618 fibonacci retracement level, and we could see some bearish price action in this area. Now could therefore be a good time to take some short positions in either the SPX or SPY themselves, or in...
We are currently seeing the AUDUSD recover from the big drop in March, and i am expecting the price to rally back to the 200 MA on the daily chart which is around 0.67000
Price has also formed a second bull flag pattern on this big pullback, and the first one turned out perfectly, so we can now buy the breakout from the new bull flag pattern, and hope for the...
Markets are looking bullish at the moment and things are going up again. This crash in the market have given us some good opportunities to buy good quality stocks at great discounts
However it is difficult to predict if the current bullish momentum is just a dead cat bounce, or if the market is actually going to rally to all time highs
Therefore it could be a...
Here is a long term trade idea i think could be really good.
EURJPY is trading in a bearish channel and price is currently retracing to the upper trendline
On the chart we can also see that price was in a triangle and broke out last year, retested and is now coming down again
Not only that, price is also forming a big gartley patten, so we have a lot of...
GBPCAD is in a very clear sideways channel with well defined support and resistance levels, tested multiple times
Hence we are looking to short the pair when the price is at the resistance level, and take profit when price is at the support level
What are hedge funds and institutions doing?
Long change ______ Short change
EURNZD has broken a long term resistance level at 1.75000
50 EMA has been below the 100 EMA since August 2011, but it now seems like it is crossing above again.
I therefore see potential in buying a pullback to the previous resistance which would then act as support.
NZDCAD is currently in a downtrend, and we are looking to short the pair when it is at the upper trendline. This point is also the 0.618 fib retracement level so we have confluence at this area.
Looking at the weekly timeframe is also a good thing to do right now, with the increased volatility and market noise, so to eliminate that and get a clear view of what is...
We have seen crazy drops in markets in the past month due to the coronavirus and extremely high volatility. This drop in the market could be a good time to load up on som stocks since the prices are at huge discounts. But what exactly should we buy and when should we buy it. Well at the moment i don't think we have seen the bottom of this crash so i will be...
USDJPY has made a retracement to the 0.618 fib level, which is also a previous support level now acting as resistance, and the 200 MA is acting as resistance as well
As we can see there is confluence at this area and i believe the price will go down from this area
COT reports are also showing that institutions are bullish on the Yen and bearish on the Dollar,...
GBPUSD has broken out from the bearish channel and are now retesting the trendline
The retest is also a 0.618 pullback so we can now wait and see if price is going to respect this level, and if so, we can take a long trade
BIO has formed a bullish pinbar at the 100 EMA which has previously acted as support, so I would expect the price to bounce off this level
BIO is also a fundamentaly good company, and the coronavirus hasn't really affected it as much as the overall stock market, so if we should go long in a stock, BIO could be a potentially good trade
Because of the high...
ZTO is on a clear uptrend and showing strong support at the 100 EMA, so we will be waiting for the price to bounce off the 100 EMA again before buying
The reason i am looking at a stock from china, is because of the big drop we have seen in the us stock market and it is difficult to predict when and where the market will find support and rally back up
CTVA has formed a double top at a previous resistance level, where price has never been able to push above.
Also price has formed 2 bearish pinbars which could indicate a reversal.
I also really like this trade because the stock is in the Basic Material sector, which has been the worst performing sector in the past year, so it makes perfect sence to short a...