May 2nd 2019, 9:20 PM
OIL price had broke the Short-term Up-Trendline and broke the Support Level ($61.7). In my trading system, it's time for going long and set Stop-Loss that above Resistent Level ($64.7)
May 1st 2019, 10:15 PM
WTI has broken the Short-term Up-Trendline and are trading at Support Level ($63).
In my opinion, it's a little dangerous to get in (go long). But, if the Short-term Up-Trend continues, I see a big P/L ratio. In this case, I'll go long and place Stop-Loss at lower Support Level ($61.5)
Chart, April 25 2019, 00h10 AM
A short-term downtrend had been ceased temporality, and Gold price is in congestion.
In my trading system, I'll wait for next breakout (either Up or Down) to see next short-term trend.
In my trading view, it's a bit dangerous if trading at this level. The Index is nearing Old High, but that is still on Lower Channel Line.
I have 2 scenerios:
1. The Old High can be a strong Resistant Level and makes a correction. However, placing a Short is a danger in the short-term uptrend until seeing a clear reversal signal.
2. The Index is on the Lower...
In my trading system, it's hard to guess the next short-term trend in BITFINEX:BTCUSD,
Although hoping that next short-term trend is uptrend, I'll wait for a breakout to place a order (either Long or Short),
I use the H4 Chart in this case
Good luck to your investing :)
The congestion is clear in H1 chart, the price $64.64 is present Resistance (also, this level is the past Longterm-Support from June 2018 - October 2018, until it was be broken in early November).
In my shortterm trading view, a breakout that above this Resistance will be a good signal for Buying. In this case, putting a stop-loss that below the Rectangular's...