NayyNayy

NayyNayy

I believe we are currently trading within an accumlation zone. The volume profile suggests that at these levels both shorts and longs are particularly active. On the weekly chart I see almost 11 weeks of straight dump on oversold conditions now, adding to my belief we will see some sort of larger bounce off this accumlation zone to possibly fill the gap at 225. As...

NayyNayy

Heavy support at 4.47 and bullish divergence building on the hourly RSI incidating slowing momentum for bears. Seems like whales are accumulating down at these level gearing up for the next leg higher. A break of 4.47 will invalidate this trade

NayyNayy

Expecting a rally up to 1.17 resistance. JPYUSD is also beginning to look bullish as it seems shorts are being covered, I am anticipating a fall in the DXY

NayyNayy Updated 

Good risk to reward here as we are approaching heavy trendline resistance. In addition, we have all major moving averages sitting right above. Expecting some sort of reaction in the short term before breaking out in the intermediate term.

NayyNayy

DBA is clearly forming an ascending triangle pattern. With global supply chains showing no sign of improvement, fundamentally agriculture is set to benefit massively from rising prices. This is an obivous long if we manage to break above 19.50 on decent volume.