Hi All, Observations: =========================================================== > Downward channel > Downward trend not broken, higher lows and lower lows. > 200 and 50 EMA still above price > RSI bearish, MACD bearish on the weekly. RSI has room for more lows. Thoughts: =========================================================== Another 5% loss against the...
Good morning traders, We can see that US session has had a strong push breaking yesterdays lower low, which is in an indicator to me that we can potentially see some more downside. Ill be looking for a move that should equate to yesterdays full session. As always keep the risk managed. Cheers
Happy monday traders Another quick update for the markets As you can see all the info you need is stated on the chart. As always keep the risk managed Oh and if you have any questions dont hesistate to contact me, id be happy to help! Regards
Quick overview of why I am bullish on Aussie pairs at the moment.
Another flag formation on daily, looks ready to breakout tomorrow with target at 8c. Very strong momentum on this one, watch closely
Bullish wedge on OCC daily; massive volume drop off, awaiting confirmation
Ascending channel playing out on WZR, broke resistance at 0.15, next target 0.17. volume slowly picking up
Remain cautious on the long-side given bearish divergence & the double top. Look to buy any pullbacks. A positive China Trade Deal or interest rate cuts may see ASX 200 reach new ATHs.
ASX200 has broken out of a bullish flag pattern.
ASX200 is currently correcting to its local support off the back of an overextended bullish move and collapsing stochastics. The most probable event is we see price retest local support, before a pause for consolidation and then a break lower towards major support. We expect major support to hold for long entry, provided the world macro environment stays stable,...
TSX:LAM ASX:LAM LMRXF Laramide Resources reliving 2006 and 2011-2012 boom years. Energy playbook. Go big or go home. Claims to have >100M lb. of prized energy source. US-AUS mining stock. CAN $0.43/US $0.29
H4 up opposing supply removed I expect this go much much higher but daily trend is still down.
The EURAUD appears to have closed below channel support that extends from the February low. However, the 1.3900 support area isn't far below Friday's close. I booked profit on my EURAUD short at 1.3907 last week for +190 pips. Depending on how Monday opens I'll be interested in shorting the cross again for a potential move back to the 1.3670 region.