Weekly chart - some interesting times ahead, Covid-19 and various other events will have an impact on the economy as a whole. This is not a trade idea (or not one we will be taking) Looking at the technicals, there are some areas of interest in terms of a current supply zone. a few Fibonacci levels dropping down to a low not seen for a number of years. It would...
A few people have asked us recently about the crypto landscape - As part of Mayfair Ventures (our Vc arm) we invest in start-ups to do with blockchain/fintech. Mostly around cybersecurity in the financial industry. Overall we are "long" blockchain as a whole - although there is a lot of snake oil still splashing around. Even more snake oil salesmen! XRP has an...
Britain is in a right old mess, with Boris still in Hospital. They have yet to realise the full damage of Brexit. People still out in cities and parks, like Coronavirus, won't effect anyone who is British. Yen is a safe haven for investors if the Dollar is to weaken in the coming weeks - DXY dropping below the daily trendline, Covid-19 in the states seems to be...
Weekly update - Covid-19 still seems to be a factor in the global markets, it's almost a question of who recovers quickest or even who has the less amount of time without production. With various trading sentiment and a week finishing on the (Weekly) Gann levels, including a test of the upper (downtrend) channel wall. Monday will be an interesting time for this...
Looking at the DXY chart a few days back, we can see a slight pullback to retest the trend. This is something to keep an eye on, if it pushes above enter XAU short, if it bounces - we could expect the XAU trend to continue up. See below for related DXY chart. Not financial advice - just highlighting what we are seeing.
Short - the Candle touched the weekly Gann trend, at the same level we have the outer daily trend line (top of channel) and a larger supply zone just above. Trade at own risk, this is not financial advice. Enjoy the rest of the week all. Comments and ideas also welcome!
Upper channel ahead! trend overall is down, break the inner channel for a nice pullback before it falls a little deeper. Euro is BROKEN>>> Blue lines are higher TF Gann levels.
Continuation of the downtrend. Thoughts?
Similar to the article just published on EURUSD - a channel formed, looking like a push-up in the short term trend, before a continuation down to the next lower channel and marked price level.
Wait for full pullback into supply zone before short. Trade at own risk. Not financial advice in any way. Have a great weekend.
.618 Pullback Just something we are looking at - not trading advice or financial advice. Trade your won strategy with proper risk management. Happy trading!
Potential pullback - before falling back down. Something we are looking at within Mayfair - not at all trading advice. Trade your own strategy at your own level of risk. Have a great weekend!
Longterm downtrend - price near the top of the channel, testing supply zone on smaller times. Also, a 50% Fib rejection when out on the 4hr. Only our opinion & not trading advice - trade at your own risk, with your own plan and strategy. Good luck!
23:20 ish (in France) on the 1st April 2020. Watching GBPJPY jump around. Thought I would record and share.
Weekly pitchfork - DOWN 1 Hour Divergence (OBV) Nasty rejection from the 0.6000 level Some tired Bulls after last 5 days running wild Enjoy the rest of the week!
Still short on this - Pullback to the zones, potentially looking at the 3 resistance levels (in dotted red) before falling down (short term) green channel, into the corner of the black downtrend line. *Trade at own risk - just showing what we are seeing & looking at here in Mayfair. Have a good week!
Daily Supply & Demand Zones - any divergence shaping up? Just assessing key levels. Our indicator on the chart is Mayfair's OBV Divergence, Moving fibs and support/resistance from higher timeframes. Be great to get comments on the coming week's thoughts for this pair. Have a great weekend!
Daily Supply & Demand Zones - any divergence shaping up? Just assessing key levels. Our indicator on the chart is Mayfair's OBV Divergence, Moving fibs and support/resistance from higher timeframes. Be great to get comments on the coming week's thoughts for this pair. Have a great weekend!