About meI planned each charted course,
each careful step along the byway.
And more, much more than this
I traded my way ...
Thanks to my two coaches Dale Pinkert and Yohay Elam, to who I dedicate my work to.
Joined 11 months ago
GER30 DAX short from overbought stochastics and failing RSI below 70 on H4
Please make your own analysis and please share your views, especially if you have a different idea!
Crude USOIL WTI RSI bullish divergence H1 to 43$ short-term
We might see just a little bit more of decline first, as the RSI at 53.02 pointing downwards indicates.
Mid-term the downward momentum prevails considering the so-called "production glut" propaganda.
Entry 0.86, SL 0.872, T1 0.83, T2 0.82
alternative entry: 0.85750
This is pure technical, so watch out for UK and US fundamental data today and tomorrow!
Trade your own ideas! Make your own analysis!
DXY might give in for a little correction towards 96 today to reconfirm its main uptrend line from pre-brexit lows,
then try to reconquer the post-brexit highs and might post a new high around 97, given that US fundamentals play their part today (Markit Services), tomorrow (Jobless claims) and on friday for the US ...
AUDUSD H4 bearish divergence RSI
We could probably see another bounce towards 0.773, thenm go short at the break of the trendline.
Entry @0.77 or break of trendline @0.76
USOIL crude WTI bearish divergence in H4 RSI overbought SHORT
With no real vision in sight to decrease the current oilpumping capacities,
I expect USOIL to get back to reality and at least make a short move back to its uptrendline from february lows.
40 is surely in the cards. A move below might open the door ...
Crude USOIL WTI H4 bullish divergence RSI SHORT
Major resistance is 45.75 (0.23 fib of june 2015 highs decline).
40 will be the short-term target, needs a decisive break of that to go lower towards 38 or ultimately 35.