Michael_Harding

Michael_Harding

Taking a look at the 4H chart above, we can see price-action is still trending lower in a bearish channel. All eyes are focused on this Friday's PCE report to see if we're getting further evidence of inflation cooling off is the USA. Let's now take a look at the daily timeframe. == DAILY CHART == Taking a look at EURUSD on the daily timeframe, price-action is...

02:23

Michael_Harding

Gold is likely to trend lower. That's it, that's all.

Michael_Harding

Market participants will be focusing on inflation data this upcoming week with CPI reporting Wednesday from the UK and PCE on Friday from the US. Should inflation data slow from the UK as expected, this pair will likely trend lower towards the next level of support as shown on the chart above.

02:37

Michael_Harding

Hey guys just giving you all some wisdom not to worry over this weekend. BTC is likely to just consolidate and perhaps climb back up a bit. I have of experience in this field for those following me for the first time. God Bless Everyone.

02:34

Michael_Harding

Waiting for a close above the last candle to confirm bearish stalling action while a break below the outlined support will suggest downside towards the ascending lower trendline. That's it, that's all. All the best

Michael_Harding

So there are two types of traders, those that buy and hold long-term... and then there are those that prefer to limit their risk by day trading. If you're the buy and hold type, this article isn't for you. This is for the low risk traders - the day traders. So let me break it down for us day traders. Right now, price-action is at a critical level of support....

Michael_Harding

Not saying that this pair is likely to rocket bomb to the moon but a decent bullish swing trade could find you/us some decent profits. If on the other hand I'm wrong, I personally would look to either hedge or take a lose below the support level I laid out on the chart.

Michael_Harding

With not much bullish or bearish momentum, this pair is likely to remain in consolidation for the next couple of weeks. Looking at Stochastics on the daily timeframe, it does indicate that the next move may be towards the upside. This leaves me to question if the range resistance will be tested next before a possible break below support as outlined on the chart.

Michael_Harding

This pair has had quite the bullish run for the past several months and is starting to show signs of topping action. Bearish momentum is beginning to accelerate to the downside which should continue towards the target as outline on the chart. With that said, getting in right away isn't always the best option but rather waiting for a better entry. My entry pending...

Michael_Harding

With investors expecting a rate hike of 25 basis points from 3.5% to 3.75% from the ECB next Thursday, these are the two most likely scenarios for this pair. Trade Safe - Trade Well

Michael_Harding

"The trend is your friend" Current price action remains elevated in the ascending bullish channel. At this time, I don't see any confirmations that would validate a sell signal.

Michael_Harding

It's likely BTC will drop down to the 19000 handle again near the end of this month, but then afterwards I would expect some renewed upside. Everyone that's long-term investing in this crypto will just have to wait, it's not climbing up to 50,000 anytime soon.

Michael_Harding

Taking at a look at the daily chart, we still haven't exactly broken below the ascending trendline, but there's no reason to go long at these technical levels which leaves me to believe a bearish breakout is still highly likely. For those asking "how should I trade this?" Well, wait for the breakout, then wait for the pullback to go short and place SL above TL...

Michael_Harding

Yesterday's rejection candle suggests a potential bearish breakout is likely on the horizon from the current ascending trend if the bearish momentum starts to accelerate. Personally I would be very cautious at going long around this area. If this trendline breaks, the next key level of support is around the 1.05 handle.

Michael_Harding

All eyes are on this Friday's PCE data from the U.S as traders look for indications of whether inflation of starting to cool off or not. Should the report beat expectations, don't be surprised to see BTC sell off.

Michael_Harding

If US GDP figures beat expectations tomorrow morning in the U.S session, it's likely the PCE figures will also beat expectations on Friday which will very likely cause a bearish reversal

Michael_Harding

You look at the daily Stochastics and yeah sure... it's look a bit overbought, but mark my words, it's going way higher! Trade Safe - Trade Well

Michael_Harding

Current daily timeframe is giving us a bullish indication with the RSI Divergence. However, my bullish target will remain limited as the weekly timeframe is still bearish. With that said, I'm only looking to target 50% of yesterdays' swing low. Here's a snapshot view of the weekly. That's it, that's all - Trade Safe