EURUSD seems to setting up for a long move in the next few days.
- Price has been in a nice uptrend since 2nd october, and is just retesting the previous higher high.
- Price is also using the 50ema in the 1 hour as a dynamic support.
How I will enter:
I will be waiting for price to push a little bit lower and form wicked candles.
USDCAD is also approaching one...
People certainly think that Bitcoin has value! How do I know? Because there is incontrovertible evidence that in recent days people have gone greedy for it. However there is expert opinion (which shall remain nameless) that Bitcoin is NOTHING and has no value at all. I'm really amused by this opinion because it flies in the face of evidence.
The chart shown in...
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.
This is well beyond technical analysis - into the domain of human psychology.
In this video I theorise on exploiting FOMO - which is psychological phenomenon - instead of just being a victim of it. I look briefly at Ehterium as well.
An important thing for all markets is that the point of greatest fear is also the point of greatest opportunity.
I realise it's easy to state after the fact, but BCH has produced a clear example of fibonacci entry and first target hit.
I just missed my entry as I noticed this a little late, highlighting the difference between trading and TA.
However, its impossible to miss the confluence with the entry, RSI moving above 30, divergence appearing on the EWO and the entry at...