The pair has spiked and very overbought short-term. This includes all pairs relating to the JPY of course, but noting this one the most extreme. we also are above KC and that also suggests we will correct sooner than later, is my personal view. Strategy SELL @ 155.50-156.00 and place SL above 157.17 and take profit near 152.50.
GOLD had a sharp move lower and tested below $ 2,300.00. RSI has corrected, but still in overbought territory, however, conditions looks like trading within the large range $ 2,300-2,450 until such time we break below $ 2,320 area solidly. Over all, I feel it is SELL into rally. The stochastic is turning negative but no confirmation for movement lower as yet....
I had yesterday completely wrong, and it was because I felt GOLD should move lower, and it did not. It will of course move towards $ 2,100 over time, but not as yet as it has been holding its ground. The pair was stationed within the triangle, and the idea of moving higher, for later SELL did not happen. It happens and its a part of trading. Now we have a...
The pair is remaining high and GOLD remains low, and may move lower. even though I feel the pair will go south eventually, for now feel we may see a move higher breaking upwars through the triangle and reach 19.3500 area. Thereafter we sell again. Strategy BUY @ 19.1750-19.2100 and place SL below 19.0750 and take profit @ 19.3400
The pair moved little higher on the back of GOLD decline.The stochastic is positive. We are still protected by GANN resistance, and also still outside the ascending wedge, suggesting we may see lower levels later on, is my personal view. Strategy SELL @ 19.1750-19.2150 and place SL above 19.3150 and take profit @ 18.9350.
The pair is basing, and the double (triple bottom) and positive stochastic will help to test 1.0708 GANN resistance. Strategy BUY @ 1.0650-1.0670 and place SL below 1.0600 and profit order @ 1.0767.
As I have mentioned a few times, the share should move lower and the catalyst of non-reporting of new subscribers next year, did the trick. Lesser disclosure, means the market will not like it. For now, we had a large decline, and there will be some minor recovery for a SELL strategy again. Strategy SELL @ $ 575 - 590 and place SL above $ 650 and take profit @ $ 475.
The pair had a sharp move lower breaking out of a cluster. We are way-below Keltner and we are extremely oversold suggest we may expect a pullback. Strategy BUY @ 1.6980-1.7010 and take profit @ 1.7137. SL depends to your personal viewpoint, however, I suggest a rough 1.25% of investment capital as a reasonable assumption.
As noted previously, the SL had been placed fine, an d re-instated SELL @ 19.3100 area. Now we have declined sharply and stochastic is negative. we are attracting the 18.9000 direction based on GANN angle. For now, we may have SOLD new (at the time I provided an analysis) at 19.2500-19.2800 area and now we are taking profit around 19.0150. For new strategy...
The previous update on daily chart was a BUY strategy and worked out well. Profit order done @ 19.1750 area. Now we are becoming overbought and regression channel suggests we may see a movement between 19.9300 and 19.4100 on top side. the stochastic is negative and therefore I see potential test of 19.0000 again Strategy SELL @ 19.2575 - 19.3150 and take profit...
The pair is looking a BUY on daily chart, and range for BUY needs careful consideration, using 4-hourly as well. GOLD supports the likely chance for a stronger up move over time. Stochastic is positive, and judging historical context, we have a chance to test 19.0150 and maybe we reach 19.2500 again. Strategy BUY between 18.6150-18.7300 I feel. SL below...
The SL was right to have, and reinstating at 19.3100 area, unfortunately was outside on the way and not being able to provide that idea. However, we are starting in a decline mode, but would prefer careful entry at the selected level. Strategy SELL @ 19.2500-19.3000 when seen again and place SL above 19.4150. Profit order now @ 19.0150 area.
It is likely we will see a bit higher again coming sessions. we are basing (double bottom) and this suggest we could see $ 3,250 again or bit higher. Strategy BUY @ $ 2,970 - 3,025 and take profit @ $ 3,275 and SL below $ 2,900.
The share has moved as expected, and looking at the chart, we should reach around $ 170-180. the pattern is "M-top" and neck line somewhere @ $ 240 area. For now we are slightly oversold, and we could pullback to $ 250-250 before the decline will set in to 170. Strategy SELL @ $ 245-250 and take profit @ $ 175. SL above $ 280.
The pair has made a wonderful climb and the daily chart suggestion worked out well as we reached that objective. Now the 4-hourly chart is starting to feel heavy on upside. The stochastic is negative last few sessions already. Strategy SELL @ 19.0200-19.0750 and place SL above 19.1550 for now. Profit order @ 18.8350.
TSLA is in the weakness mode, and even though we may see some pullbacks short-term, the SHOULDER-HEAD-SHOULDER pattern with neckline $ 213 is broken. Any corrective action between here and $ 200.00 should be sold for a move to $ 130.00 area. Strategy SELL @ $ 170-190 and place SK above $ 225 and take profit @ $ 140.00.
This one has potential of declining towards $ 2,400 area. The stochastic is not as yet negative, but some others are, and that is why I feel that we may only have started the decline, and not as yet completed it. Of course, there will be bargain hunting short term, but overall, the bulls will get hurt. Strategy SELL between $ 3,150 - 3,500 and take profit near...
No change in view. I feel we will see return to $ 125 area. The crypto is overbought, and requires good correction. The GANN support is about $ 125 and we have FIB objectives along the way. Strategy SELL @ $ 175-195 and place SL above $ 215 and profit order @ $ 138 for now.