Looks like ETH could be set for another move over the next 2 days.
We have bullish evidence in the form of an engulfing candle, news still hasn't broken about the Thai government deal.
This is my top pic today, Power ledger are set to release a press release that they have signed a contract with the Thai goverment. This is also a great option to go long and stay long on over the next 6 months. POWR are set to do some pretty amazing things, I believe they raised 34mil on the pre token and main sale. It is also the first crypto currency the...
Our Ethereum trade is playing out nicely, we are expecting a slight retrace, then a continuation to the upside.
Potential short opportunity, Stoch and MACD over brought, bouncing of strong historic resistance. Plus the RSI is about to cross the short term RSI trend line.
Potential long on the GBPAUD. Stoch is oversold, RSI is also in an over sold position, we have also hit minor support at 2.08803 from the previous low. For another strong move we will be monitoring the RSI, waiting for it to breakthrough resistance, if so then we draw a horizontal support line where the break occurs then Short the GBPAUD until the RSI breaks back...
Price Action, channel, supply & demand and MACD resistance. Example of using different techniques once one has finished. Price action is a fantastic tool.
Pound - kiwi has been breaking through the 50MA then presenting nice bullish moves once its broken back through.
Waiting on Bullish confirmation to enter long for a potential push through the 2.20388 zone.
This pair has been providing some really good text book trades of late. Im going to be keeping an eye of this pair this week for potential pull back entries.
AUDUSD, Potential short this week as the AUDUSD hits the resistance line and pull backs.
AUDUSD still showing very Bearish signs, its sitting well below the 50EMA with the Stoch indicating an over brought market.
:::Trade swap Tuesday::: Nice long breaking through the 50EMA on the EURGBP, points of management are the previous highs around the 0.73480 zone
Im also liking the XAUUSD this week, looks like Gold could pull back to the resistance line of 1139.78, if this does happen I will be looking for bearish confirmation then managing the entry around the 1124.31 zone. However I do expect Gold to fall further.
Im liking the AUDNZD this week, if the AUDNZD pulls back to the former resistance line we could see a potential long entry. Points of interest would be the previous highs of the channel as potential pullbacks which are indicated by the red broken lines.