Technical Bias: Neutral/Bearish Key Takeaways Broke above previous 2011 all times highs Major divergence between Gold and DXY ( in orange) RSI Overbought Fed Meeting on Wednesday Technical Analysis Ever since we broke above $1800 there hasn't been any stalling action as the COVID19 contagion continues in the U.S. Last Friday we managed to break...
Hey Guys, If you follow me you'll know that I post my trade ideas/plans quite frequently here. Here I explain several ideas for short selling GBPUSD in the nearterm with entry, stops, and target ideas. Hope you find this video educational and inspiring. Cheers! ~Michael Harding
Just a quick recap follow up for the last video I posted yesterday about BTCUSD
2023 Future Forecast for BTCUSD is $12,000 Some basic knowledge about Bitcoin See bullet points below * It trades against the USD * Encourages money laundering - No ID required * Performs poorly when there's global uncertainty. * Without Blockchain Bitcoin is worthless * When there is global uncertainty, Gold and USD perform the best * When the Fed prints...
Last week we saw some major USD weakness across the board as COVID19 case numbers continued to grow causing concerns about the future outlook. Gold also topped the highest level since 2011 closing out the week just above the 1900 handle. This week we do have some major market movers on the docket including GDP, Employment Change and CPI from the Euro...
Short Setup Confirmations Resistance RSI Divergence Shoot Star Reversal Formation Target: 38.2% Retracement from latest upswing Trade Sage - Trade Well RISK DISCLAIMER: Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of...
EURJPY Double Top on daily timeframe with RSI Divergence could signal a reversal.
I'm an Intra-day trader but let's see how close I am with this future forecast.
Today we managed to break and hold below the 200 MA on the daily time-frame. Target remains at $190
Technically bearish Q2 Earnings very short lived Struggles to hold above 200 SMA Stock pared its gains since the report Weekly candle made lower low. Further downside is warranted. Near-term Short Target $190
If I buy EURUSD at 1.16, what's my upside reward verses my downside risk?
Looking to enter on the short-side but remaining on the sidelines for stronger confirmations.
Hello Everyone, Currently waiting for further confirmations with GBPAUD that we're approaching a bottom in the short-term as we approach a critical level of support alongside the divergence with PA & RSI
Hello Everyone, Just waiting for a break below the mid channel pivot to consider executing a short sell position with a pending sell stop. Cheers!
Hello Traders. This is just a followup video for 2 of the trade plans that I posted previously. RISK DISCLAIMER: Information and opinions contained with this video are for educational purposes only and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors.
Will the US Dollar continue to remain under pressure with all eyes on next week's FED Meeting?
Hey Traders, Just getting everyone's second opinion on this setup before I go ahead and pull the trigger. Thanks in advance. Cheers!
Hello Traders, In the last video I mentioned I was monitoring GBPCHF and entered a short trade with a tight stop loss. Unfortunately that trade didn't work out but now I'm looking for another possible reentry position towards the downside again. We are getting some nice divergence with RSI and PA signaling there might be some downside potential in the hours...