The EURGBP0.18% has multiple times had trouble with the dashed blue line (both now and in the past, go the the 4hr chart!) but has recently broken through it and is now coming back up. We look to short it when it comes back into the 0.7155s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. We are also...
Eur/Usd, triple analysis on Monthly, Weekly, and Daily shows Bullish sentiment, current candles making Higher Highs and Higher Lows on Monthly, and Weekly, currently Eur/Usd retraced on Fibonacci level and bounced off 38.2-50% range area, looking at Daily chart the previous high has been breached now, creating Higher High, the previous high when hit Resistance,...
Context: monthly uptrendig intact natural PB to lower extreme Swings seems that major pendulum swing has fullfilled its job, since the sinus wave looks completed also the minor sin. wave completed Price Action orderly former flow to the downside pressing - major fish in the pond wants cheaper price to fill his bag create panic - whale create...
Let’s glimpse into the basics and do not forget to use these rules. It’s proved - they do work! TRADER’S RULES 1. Always work in the direction of the dominant trend 2. Find the strategy where you are most successful, namely the one that gives the minimum account drawdown 3. Reduce the number and size of transactions in case of losses, and vice versa 4. The main...
As explained in the linked idea, we are short on this pair. See descriptions on chart.
our psychological target is on the upside of 1.6000 as outlined a few weeks ago. We have a reversal pattern (Rising wedge) with divergence which represents some uncertainty in the market. Once price has reached 1.6000 re analysis must be performed to distinguish if this is actually a three drive pattern. On the opening of the market price can pearce below the trend line.
As outlined in the previous posts at the beginning of the week we outlined price would drop then continue it bullish momentum up to our psychological target 1.2000. We have a bullish harmonic pattern with oversold on the stochastic. Waiting for the bullish candlestick confirmation. Safe stops would be below "X" and our first upside target being 1.12800-1.13000....
Analysing the weekly and daily time frame we have price hovering and being rejected at key level (61.8% Retracement) However looking at the daily time frame we have divergence and oversold on the RSI. Key Confluence for downside target of 1.157500: - 200 EMA acting as magnetic support - Key structure level - Key retracement level. If price breaks below the...
Price on the weekly and monthly chart demonstrate price being at a key level (61.8%) retracement. That being said as seen on the daily time frame we have divergence with oversold on the RSI. On the opening of the market (for those day traders) price can reach 1.6000 then we may begin to see bearish PA. Our first downside target is in confluence with key structure,...
Have a bearish Crab formation with bearish candlesticks on the weekly time frame at key resistance. Our first downside target is 137.000. Once this target is met our next target would be 134.850 then 133.400. However, once each target is met PA confirmation is required to hold onto the positions. We have lower highs which represent bearish momentum. For day...
GBPUSD our psychological target is 1.6000 within this year. However our weekly outlook is to 1.5300-1.5450. If price breaks above 1.52850 then we are looking to enter at 1.52900 to our first target of 1.5300 then to 1.5400 with a stop loss of 1.52650. (HOWEVER PLEASE CHECK CANDLESTICK FORMATIONS ONCE EACH TARGET HAS BEEN MET). If price breaks below 1.52535...
It looks to me like the Euro is starting to rally after a very tough period for the currency. Here we can see on the weekly chart that the pair hasn't been able to make any new lows for at least a month. The moving averages have also crossed over in a bullish manner and we have some candle conformation in the form of some big bull candles with small wicks. The...
THE CLASSIC PSYCHOLOGY OF A MARKET CYCLE. WE SEE THESE EMOTIONS THROUGH RETAIL INVESTORS WORLDWIDE. MAKE SURE YOU HAVE 20/20 HINDSIGHT ON GOLD BEFORE YOU GET CAUGHT IN THE HERD. REMEMBER, NO BIAS. @YUNGFINANCE
Hi Trades, Keep watching this channel on the daily, if we can break and CLOSE above the channel, can be a massive breakout. Good Luck! Thiago Duarte thiago@duarteinvestmentgroup.com @thiagotrader
Hi traders, Looking the aussie on monthly chart we can see that he is in a very interesting place which is serving (until now) as an area of support. But what don't make very bullish is that we might reach the 0.50% fib (2001 low-2011 high) which also another fib (connecting on 2008 low and 2011 high), 0.618% is there. So looking the daily and we see a close...
Hi traders, Posted few minutes ago with the daily graph showing that 1985 is very important level and if we break we can see SPX slide and probably fast. If this really happens, I will look into 1897 area to get long again for maybe a new high. Lets wait and see what happens, but keep in mind 1985 and 1897. Good Luck! Thiago...
Hi traders, This is my daily graph on SPX (SP500), 1985 is massive and if we break, I expect a very quick drop and then we can use the same level as resistance. At 1985 we have a channel line which started in May 2013 and also trend line and horizontal line which is support. Keep this level in mind 1985!!! Good luck! Thiago...
Hi Traders, This is one of the markets that I trade the most. By looking this short term we can see a very good reaction from few minutes ago at 9939 (29/12/14 high). Now I expect him to go to 10080 for a FINAL high (also higher line of pitch-fork). I will short big at that level for a medium term trade. Mixing technical and fundamental (Germany not in a good...