Michelok

PRO
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Joined The Netherlands
Trading Forex on Waves
Markets Allocation
67 % forex 6 % indices 28 % other
Top Mentioned Symbols
GBPJPY 11% | 2 USOIL 11% | 2 USDCAD 11% | 2 XAUUSD 5% | 1
Michelok Michelok PRO SPX500USD, W, Short ,
SPX500USD: Is 2017 the endgame for stocks?
83 0 3
SPX500USD, W Short
Is 2017 the endgame for stocks?

Doing my analysis, this huge squeeze (turnaround pattern) of SP500 caught my eye and makes me wonder if 2017 will be another endgame year in indices. Watch it, if your heavy in stocks i would say!

Michelok Michelok PRO DXY, W, Short ,
DXY: DXY
25 0 3
DXY, W Short
DXY

What will the dollar do next? DXY tells me it can go down soon. Doji atm. And at key resistance! Markets are in bearsleep atm because of holiday though. Dont watch in the bearcave when it awakes :).

Michelok Michelok PRO USDCAD, 60, Long ,
USDCAD: USDCAD
16 0 4
USDCAD, 60 Long
USDCAD

Looks steady for another run!

Michelok Michelok PRO GBPUSD, 240, Short ,
GBPUSD: GBPUSD
22 0 2
GBPUSD, 240 Short
GBPUSD

USD looks powerfull atm. GBPUSD has a nice gap so i see a change here :) 1:2.

Michelok Michelok PRO EURJPY, 60, Short ,
EURJPY: EUR JPY short
22 0 4
EURJPY, 60 Short
EUR JPY short

Breakout time short!?

Michelok Michelok PRO NZDCAD, D, Short ,
NZDCAD: NZD CAD short
20 0 3
NZDCAD, D Short
NZD CAD short

Looking at the past, this NZD CAD pair might go south. Seen the bullish look on oil this seems also a logical route (CAD is closely related to oil prices).

Michelok Michelok PRO EURGBP, 240, Long ,
EURGBP: EURGBP Looks interesting LONG
11 0 1
EURGBP, 240 Long
EURGBP Looks interesting LONG

EUR GBP seems to be carving a nice pattern. It has already 2 touches on this pattern, So a third on the upside might me expected on midlong-term. I enter on 60m if it pushes to a higher level.

Michelok Michelok PRO GBPJPY, 240, Short ,
GBPJPY: GBPJPY under pressure
30 0 1
GBPJPY, 240 Short
GBPJPY under pressure

Some divergence occuring in MACD on 60 minute. Looks Numb as well. Maybe nice to try catch a quick move soon!

Michelok Michelok PRO NZDUSD, 240, Short ,
NZDUSD: NZD USD looks ready for nice turn down
22 0 3
NZDUSD, 240 Short
NZD USD looks ready for nice turn down

Although we dont know what USD will do, there are some clues in NZDUSD from technical point of view. A nice H&S formed so an opportunity might be close. First to green line and hopefully it goes from there like a knive to butter.

Michelok Michelok PRO BCOUSD, W, Long ,
BCOUSD: Is Oil ready for the run back up?
19 0 2
BCOUSD, W Long
Is Oil ready for the run back up?

Oil is imo in a critical position. Maybe it breaks its pattern and goes for it in the bigger frame. Anway nice H&S bottom has formed. Possible entries from 60m which would make a huge return if the ride goes strong!

Michelok Michelok PRO USDCAD, D, Long ,
USDCAD: USDCAD finished as well?
52 0 4
USDCAD, D Long
USDCAD finished as well?

Since CAD pairs are getting stronger over the board and USD might be in a fake run. I guess USD CAD short might be a good candidate to watch. Entry on 60m might be a good idea. On this daily chart you find the possible Longteerm trajectory. I would also say it looks like a H&S pattern ;- I would not be surprised if oil start a new run up as well, which coincides ...

Michelok Michelok PRO EURUSD, 60, Long ,
EURUSD: EURUSD in the game again soon?
41 0 1
EURUSD, 60 Long
EURUSD in the game again soon?

Morning, EUR USD might be back in the game if Dollar run turns to be a fake-out once more :). So i am looking for a trade like this. We know soon what will be the case.

Michelok Michelok PRO GBPAUD, 60, Short ,
GBPAUD: GBPAUD not looking bad
23 0 5
GBPAUD, 60 Short
GBPAUD not looking bad

I feel weakness. Lets hope it goes down soon :)

Michelok Michelok PRO EURAUD, 60, Long ,
EURAUD: eurgbp on 60m?
21 1 2
EURAUD, 60 Long
eurgbp on 60m?

EURAUD looks good if it bounces on the trendline imo. Quite oversold so i placed entry order surpassed latest high on 15m. Take Profit at next resistance of high on 60, or look what happens there and trail your stop at logical points

Michelok Michelok PRO GBPJPY, 240, Short ,
GBPJPY: GBPJPY on 4hour; possible break of uptrend?
38 1 2
GBPJPY, 240 Short
GBPJPY on 4hour; possible break of uptrend?

GBP JPY looks oversold and shows divergence in MACD. So i entered as pictured.

Michelok Michelok PRO XAUUSD, 240,
XAUUSD: Possible route for Gold?
43 0 2
XAUUSD, 240
Possible route for Gold?

Gold is morphing in a nice trading range. It also overbought on many timeframes. So hereby a nice trade idea ;).

Michelok Michelok PRO USOIL, D,
USOIL: Could this be the fate of Crude Oil?
85 1 1
USOIL, D
Could this be the fate of Crude Oil?

Im quite new with Elliott Wave. Already read some books on it. I wondered about others thought on this Wave count. The future of Oil looks not bright yet on this picture...

Michelok Michelok PRO USOIL, D, Short ,
USOIL: Oil looks like it wants to dive sooner than later
109 1 2
USOIL, D Short
Oil looks like it wants to dive sooner than later

Following the main downtrend and the obvious divergence in macd, it seems a matter of (not so much) time before oil proceeds with a run further down in my modest opinion. What do you think?

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