Never underestimate the power of a momentum move... either up or down!
Because once the momentum train starts going its very hard to stop it and it will keep going much further than most have anticipated so don't be that trader that try to predict the reversal!
This video explains more!
Kept my eye closely on this pair since last year since the price was creeping towards it’s LOWEST levels.
Managed to catch ALL the moves over the space of 3-6months
Flash crash at the start of the year, leading to the divergence with an impulsive move to zone (1.070), which is our TP.
Since then, it’s following a descending channel (flag) which is a continuation...
EG SHORT 01/July/19
My analysis is based 90% on Technicals (TA) and 10% fundamentals.
it's adamant to understand that both parties are in the losing position in regards to the geopolitical turmoil happening inside the EU council and UK parliament, both are losing out. Fundamentally concluding that this pair can swing both ways impulsively, as history...
Weekly - as we can see NZD has been on a downtrend since November 2016 and has been respecting the descending trendline on separate occasions and on every-time it has reversed heavily. NZDCAD is approaching a key level and double top region, the last price has broken through this area was 11 months ago in march, since then it has been rejected 6 times and we are...
The 0.618 retracement level held and the price broke the Parabolic SAR levels as discussed last week.
The market played out with Scenario A and continued to sell off towards the 1.3000 level. This week we have NFP data released which will give the EURUSD a push.
Scenario A: Continued strength in the USD could see the market move lower than 1.3000 and head...
Macroeconomic trends are represented in higher time frame charts. The trend and price analyses held secret opportunities for traders in lower time frames. I explain how I assessed the probabilities in my own unique methodology.
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 this video I argue that there could be a limited price reversal on Bitcoin.
This is about people who missed out before the big pump, thinking or fearing that they don't want to miss out the 'next time around'.
So that lot pre-October 2017, are likely to jump in over the next few days or weeks. This is human nature.
Caution: I predict nothing! I'm doing...