About metrend trader. 10 years experience. indice, currency, bond and commodity markets. mid to longer-term trends to maximize profits. let winners run and cut losers short.
How I trade:
Joined 9 months ago
Monthly, Weekly, Daily timeframes... and the SP500 is up on each of them. So far it's been rapid but stable reaching these new highs. The monthly divergence is still a danger of killing the momentum in this bullish move, for now are good to go up more..
USD being strong all over the place, USDCAD hadn't been following to the upside that much, that could change now as the weekly of this fx pairs had a strong week last week. Possible bullish cont. following overall USD strength likely.
Similar to the NZDUSD Fx Pair, AUDUSD also shows a sell signal to continue its overall downtrend. Previously it was sent up into correction by 2 divergences, than Supply came in and wouldn't let a week close above 0.7750. That makes for a strong resistance level which could be the highest high of the correction, ...
To follow the overall downtrend (monthly), the NZDUSD has created a new fractal sell signal to follow it. We don't know how far it will go, just hopping on the prevailing trend and paying attention to price action is all that's necessary.
Nothing much happened in Gold during the last three weeks. Overall timeframe stays above balance zone, which is an indication for long. Internal correction not over yet, let's see where it'll end before the resumption of the previous uptrend becomes more and more likely.