Caught a nice long trade on EURNZD today.
Price returned to an area of the price action (blue rectangle in between support and resistance) at 1.76473. Around this level, we have seen bullish momentum occur and so this is a level to keep an eye on.
Once I received confirmation of rejection at this level (Close bullish 4H candlesticks) I entered a long trade...
I caught a nice trade here yesterday on AUD/NZD.
Price had recently broken through resistance, and we saw a strong bullish break out move.
As the bullish momentum slowed down, we saw bears come back into power and drove the price back down to resistance. At this pint, we need to look for 2 actions:
- Either price will break through the resistance level and...
Hey hey all!
I went off the grid a little bit to enjoy life and seize the opportunities the COVID situation has presented us all with... the proactive have had the chance, and still do, to create wealth and I can go over many examples in the markets like the sell-off of Stocks, Indices and Commodities (and even Crypto) and then the buyback of all of those...
US Oil presents some serious challenges for those looking to short this market.
This analysis is time frame dependent. Which way you might want to go depends entirely on trends in respective time frames.
1. On the daily time frame this is very much a bull market. We can see that in the ATR (amber trendline) and the green Guppy investor zone.
The price of Gold has complex relationships with Stock Markets and the US-Dollar (among other things). In the screencast I point out some of the complexities looking back to 2007-2009. This is relevant to the current situation with Gold.
This educational screencast is I hope useful in showing how price action can be assessed from various perspectives. It is now pretty late in the game to short ULTA. See ULTA - Journey South ? (from 20th Nov 2018).
I expect FOMO bulls to rush into ULTA, fighting for a few crumbs! LOL. That expectation is based only on human psychology. Make no mistake, it is...
In my previous screencast of 17th November, below all this text, is the story of someone (not from Tradingview) messaging me to ask if NVDA was good to buy. They were disappointed when I simply said "No".
In the current screencast I follow up on how the FOMO bulls were punished for attempting to hunt a gap too early.
This screencast is not advice. I am not...