GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
CANADIAN OVERSEAS PETROLEUM LIMITED COM SHS NPV (DI), EUROPA METALS LTD ORD NPV (DI), PREMIER AFRICAN MINERALS LIMITED ORD NPV (DI), PROSPEX OIL AND GAS PLC ORD 0.1P, GUNSYND PLC ORD 0.01P, CADENCE MINERALS PLC ORD 0.01P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Some Forecast Points to track, along with preliminary EW Sub Wave Counts
Recently took a short off the 114.50 handle on this pair and covered in to the 112.00 handle.
114.50 is a huge resistance area and has capped price since 2017. I do believe that if the US equity market stabilizes around its 200DMA and makes a new ATH, USDJPY will break the 114.00 area.
With US10Y yields rising, US rate differential with JPY at 2.35% and on track ...
key S/R level, clean break below and retest for a short. Ideal if we get some breakdown before entry
- Structure: uptrend
- Test support
- Tendency: Downward
- Test support--> Given signal up
==> Waiting signal: BUY
. RequestNetwork/Bitcoin is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 67.
. There is a possibility of temporary retracement to suggested support zone (0.00000780 to 0.00000640). if so, traders can set orders based on ...
back in Mondays range, stops resting below
We will wait XRP break down the pattern and try short entry
Good luck !
An upward wave may be formed in the exchange rate, which can only be regarded as a correction. This wave may rise to 6.0 usd. Then another downward wave structure can be expected. The target price is 5.55 usd level environment.
Symmetrical triangles usually breakout in the direction of the trend which in Bitcoins case is down. Bitcoin initially dropped through the bottom of the symmetrical triangle only to bounce hard the other way on volumes not seen since April. A failed breakouts is a strong indicator. Bitcoin should climb higher.
with a larger outer structure broken bullish as we would of expected we have formed a lovely reversal pattern here at a support / resistance area looking to get into this trade long.
Gold miners with large bullish runaway before them
Last week we seen a strong selloff (due to strength of JPY not weakness of CAD) but towards the end of the week we found support from below. Looking at the chart you can see we are trading within a rising channel with the middle trend-line aligning with the daily 200EMA. I believe we will find support here and give us a, what I call, a "double-bounce"; meaning ...
38.2% & POSSIBLE 61.8% Retracement SHORT GWAVE.
FIB Retracement Percentage is calculated in a Higher Cartesian and or Euclidean Dimension.
PLEASE ALWAYS WAIT FOR STOCHASTIC CONFIRMATION!!! THANKS
Waiting patiently to see if we get the opportunity to enter short for my first chance entry on this H&S pattern on the EURUSD.
Some nice structure trades playing out over this last week particularly on the GBPJPY (see last post). Let it continue.
Good luck in the markets this week guys.
In the next day or two we can expect to see another price movement for bitcoin.
Do you think it will break bearish or bullish?
Hit like if you like this analysis.
IDP has broken long term down trend and has formed a cup and handle price pattern signalling a buy. Fundamentals also looking good with their new product Roots being made available in Tescos in November and appointment of new CEO. Buy limit should be placed just above the resistance line of the cup and handle.
Re-entry is valid still. if you dont want to miss these trades out when i send them then you know what to do...