About meI've been trading Currencies, Commodities, Indices and Equities since the early 2000's. As founding chairman of a private investment club I still trade actively and invest in other high value assets on behalf of the club.
The channel I had changed into a range. We are in this range for a while now, and I do expect a breakout, still have one key resistance to break though before we are heading back to Februaries highs. Like I said in an earlier analysis, it is sometimes difficult to change a believe system. I have not seen enough evidence yet suggesting that the Bears are taking...
Sometimes it is just difficult to change your bias, because of a believe system. I am still bullish on this symbol and will look at buy opportunities near support areas or when change in polarity takes place and a resistance area change to a support area. In an uptrend it is always advisable to buy near support and take profit at resistance if you trade in the...
So yeh, I'm feeling positive about the US economy, even though they are going through the worst time ever, the US will rise and be more powerful than ever. I like to see the price keep to the channel and reach highs around 03-04 June 2020.
Feeling positive about the US economy and believe that we can see this symbol reach the highs that was made before the crash at around 29 May 2020, if the channel can hold. Expect a 17% rise. This is just my personal opinion and my believe in the US economy.
Setting up for both buy and sell, my bias is bullish and thus my buy trade is larger, however I dont want to lose out if this might be a reversal at a pretty good resistance area.
Let us see how this one plays out.
Trading carries a significant risk to the money you invest.
With tension between USA and Iran, traders are running around like scared mouses. Now in trading we can trade both ways. In this case we will look for both Buy and Sell opportunities. Our Bias is still Bullish however the market are reacting hectic lately.
Information, charts or examples contained in this analysis are for illustration and educational purposes...