Potential price levels to be reached in 2019 for Ripple/USD calculated by technical indicator. The lower the target, the higher the probability the level will be reached. Cheers!
USDCHF did not move as much as the others, not as spectacular, but, its a safe pair to trade. In week 1, it broke its level 3 and successfully went into bullish level 1. Its a profitable pair, it did not move as much as EURUSD and GBPUSD, but it is going to make your account stay positive. Week 1, 2019, sees the successful completion of a W reversal pattern,...
GBPUSD, one of my frequently traded pair. It moved in line with our analysis for week 1, 2019. The pair made a last push upwards, breaking the high of the M formation which we identified in week 52, 2018. It then made a quick turn around and went down straight for hundreds of pips. If you have shorted this pair with EURUSD, you would be very profitable for week 1,...
EURUSD surprised with its extended push beyond the first identified high of the M shape, forming a new high on week 1, 2019 before it headed down for about 200 pips. That move made me reconsider my position and exit my holdings of EURUSD. Not too sure if it also made you doubted your outlook, but it sure made me doubted mine. With that push upwards, I did not...
USDJPY made a big move during the opening of 2019. I was long and was caught by the massive drop it made during its week 1. This would be an episode which exposed the weakness of my trading strategy which I am going to reinforce in future. Week 1 is a loss for me, with my overall equity fell by about 5%. That's ok, at least I stayed out of USDJPY before the...
Alright folks, I identified a sell zone in dollar (dxy) way back in May 2018. In October we reached the zone (linked), and since then we've kind of stagnated below the sell zone. Now- with the holidays out of the way, my prediction stays true- Dollar will be a sell in 2019. Not only does my method line up with the prediction, but now fundamentals are starting to...
Based on the Daily, EURUSD is looking to become a long to rally up with enough support.
Hello dear friends and traders. I hope you weren't rekted this year! In 2018: Speaking in terms of investing and trading, we went through a lot, I am convinced that the most difficult thing for crypto is over and 2019 will pass under phase of recovery. I hope the lessons that the market has taught us in 2018 will not be forgotten, and at the new stage of the...
much fireworks such critical, happy new years to u
Similarities with pattern between 89-92. History repeats itself. Map for 2019. Bulls exhaust, negative divergences in RSI. Best R/R from the short side. also Fib 0.618 resistance in yellow area, acting resistance on the upside Futher down Fib 0.5 and 0.618 acting support
Seems like its a good time to go short
Smaller time frame charts are available to followers
USDJPY has made a very predictable and good price movement. Anyone who has shorted it since week 50, would have ended with very good profit! I personally shorted but did not hold it all the way as I mainly day trade, so I got a couple of drop while USDJPY was on its way down. So what can we expect for 2019, week 1? From my analysis, the bear movement of USDJPY...
GBPUSD did not move a lot in week 52 of 2018, it did break upwards to a bullish level 3 zone, however, it wasn't by a lot. Anyone who entered long in this pair would have stayed in the green, however, it might not hit the expectations of many traders. Most of the movement was spent in the range of the level 3 zone. The price movement doesn't seem convinced that...
EURUSD has successfully pushed up to level 2 for week 52, anyone who long this pair since last week would be able to see a good profit. However, because of their price movement in week 50 to 52, it prompted me to question my outlook on this particular pair using my usual trend following on 1H chart. We have seen this pair went up to a bullish level 2 zone, which...
Okay, looking back the 200 Weekly MA is a pretty strong support level for the SPY. The last time such support was breached was the 2008 recession. The big question is not really if we will bounce (as we already obviously have), but if the bounce will be sustained. Overall, I think the bounce will fail around the high 250s to 260, because there is a lot of previous...
The SP500 has over the recent weeks broken through some well defined support levels and looks set to close red for the year. As a barometer for risk trends and overall market sentiment the current price action does not appear to embody confidence among investors. Rightly so as there are a plethora of fundamental headwinds that have got investors nervous at the...