Wedge pattern broke, the continuation of the trend must carry on moving, I believe the trends movement would be slightly bullish as the euro is gaining strength. I have placed targets of where the trend may roughly go. The current potential bullish wedge may be giving the trends formation in where the type of movement would be directed. Current point:...
We can take a long here, fading this momentum run to the downside in a mostly quiet and sideways market. Support is potentially strong against this level, so we can expect upside soon. Check out my updated track record here: pastebin.com If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm...
+++ Don't forget to LIKE & Follow+++I have my eyes on a potential Bullish Cypher Formation on 15M, GBPUSD. On 15M market is breaking structures to upside and downside so it is not a surprise that we see advanced patterns in sideway moves. Stops below X, targets are conventional. Entry @ 1.3136 Stop @ 1.3101 Initial Target 1 @ 1.3166 Initial Target 2 @ 1.3185 Good...
Up until now Bitcoin was still consolidating in a wide range of $680-630 in the ascending triangle and did not rally as I expected after the halving day yet to retest $750-790 area. One thing you can learn from Bitcoin's behavior over the years is that it ALWAYS retests the previous high a second time. Also Bitcoin LOVES to bounce within triangles. Currently we...
- COULD SEE SOME SHORT TERM UPSIDE, BEFORE FURTHER DOWN TREND...
The current bias of the USD/JPY is undefined. Sidewards, consolidation for the previous week since the big move last Wednesday. The pair is currently in two channels; short term sidewards, defined by the black dashed line and longer term bearish channel (light blue). At the end of trading today, one of the two channels should be hit and act as a resistance....
Divergence from minor bullish channel. Follow your rules.
Good opportunity to sell some upside calls or call spread, above 1.60 strike for sideways or correction lower IMHO Targets on downside middle BBands and lower trend line (orange). (Time frame next 5-10 trading days)
If bullish, may retest resistance near R1 pivot. OBV has formed a local bottom and MACD and RSI confirm bullish price action. Ema50's slope is nearly flat and price has been lingering near it the previous 4 days. However, if surprisingly bearish, then it may have a support retest near S2 pivot. Stalk your entries and obey your rules.
Support near 95 and ema50 but magnetized to its P pivot. If bullish momo continuation, a pop back into the mild bullish channel before testing resistance of R1 pivot or 100. Obey your rules.
Now that the S&P 500 closed out 2015 with an annual loss, you are bound to hear all kinds of dire predictions about the market’s fate for 2016 and beyond. My focus is not weather the dire predictions are true or false. My focus is on the explanation and a visual representation of where some of the predictions may come from. The S&P 500 closed the year down 0.7% ...
Bears: Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315. Bulls: If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of...
The EURUSD started trading sideways. A Symmetrical Triangle can also be drawn on H1 and H4 charts of this currency pair. Considering this, would be pretty hard to determine what is the next move. I would wait for a break outside the range between 1.1214 - 1.1114. A break above the resistance would signal a rally for which I have as a target the area around 1.1300....
In these time of uncertainty, it is very difficult to take a position on the equity markets. I still think there is no reason to have a bigger correction than the one we have known in August, but I believe the market has to retest the lows before rallying again. I think several scenarios/events could hit the market before the end of October. (2 possible FOMC...
USDCHF has been trading laterally for some time now and no sits right on its weekly (120-h) mean. There is no apparent expansion volatility (measured by 3.2 st deviations) and there is no apparent slope of the mean. As there are no significant news (calendar events) coming out on the USDCHF today. traders can pick trades both ways, betting that the price will...