After all the hype at the beginning of this year, price has kept going lower. A very bearish descending triangle is still forming and together with the rejection of BTC ETF (which will not happen any time soon) this could crash hard!
Be aware! Trade carefully and don't risk anything you're not willing to lose! GL all
Looking at the gold today weekend, it has been in a range for some time now and we've seen that in side the range has appeared another resistance zone. I am looking to short this and take profit down towards the next support zone.
Price seems to created a tweezer top on the daily and price has driven down from that resistance zone in lower timeframes such as the ...
I drew my chart on the greenback last week some time and thought I would share as it has significant impact on major pairs as well as the price of GOLD.
For the time being we are seeing bears gaining momentum.
Keep a close eye on the $
Draw up your analysis on the Dollar, Sterling and Euro, and Gold.
Are there emerging patterns? Lets look again on Sunday at ...
Current structure tells us this pair is trading a range and hasn't shown signs of an upside break as the previous daily candlestick formed as a pinbar. Multiple rejections of this supply zone on the H4 timeframe indicates that price will retest the levels of around 1.1630 or even lower before possibly going higher and breaking this structure in the near future ...
This is just the worst case scenario, don't take it too seriously. BTW it is still a possibility considering that stocks were in a bubble pumped artificially by the FED. We'll check at least 2 years from now.
Looking for when the FTSE 100 may enter a Bear Market. Despite the media saying a 20% drop is a signal for a Bear market, the real number is 16%.
Taking a measurement of 16% from the previous high in the summer of 2018 and a 16% drop comes to around 6442.
If price drops below this mark, (red dash line) this could signal the Bears are in full control.
Taking a ...
Break out has happend with a bearish candle with big wick with MACD tops lower. Target is the major support before this will have the next bounce. Stochastic has room to move lower. Will take trade on 60 min timeframe which is also showimg comfirmation
Expecting GOLD to drop next week. GOLD didn't make many moves this week at all. GOLD never normally goes 5 days with such weak moves. What does this mean?
Accumulation to collect orders at such a high price. We saw gold fall a bit Friday and recovered very quick. But, still down for the day. I would like to see some profit taking from the banks with it being ...
I was long on UKOIL on a lower time frame, as there were early indications that it could be heading north. My trend following assessments then changed, as the picture unfolded. I decided to bail out just in time for no loss.
I don't care if it now jumps north. At this point in time - based on what I see - I now think the probability for the daily time frame is ...
What's you think Bearish or Bullish please leave a comment and explain why
Bearish trend and tight squeeze this is going to have a big move but what direction?
I will wait for a confirmation candle on 1d then take the pull back on a lower time frame
Hi, guys I hope that you are all well!
Typically at this time of year markets generally quite down due to Christmas approaching, however we are seeing some strong moves in the market across my portfolio and AUDCAD happens to be one of them.
What I am looking for is bearish trend continuation following a pullback up into the most recent area of consolidation/range ...
Last post: May 17th. See chart.
Review: Price was trying to make new all-time highs.
Update: The market has reversed since then and has now broken below a major support area.
Conclusion: We need to see if price will remain below the support area then we can look for shorting opportunities.
Any comments or questions, do not hesitate to leave them below. ...
This Forex Pair is featuring for the first time on our TradingView blogs.
Current setup: Price has found weakness after failing at the previous resistance level.
Conclusion: We are short in this Forex pair as this has become a high probability trading opportunity. We will add more short trades if the weakness continues.
Any comments or questions, do not ...
USDJPY and the US-Dollar basket are showing signs of weakening of their trends. I show why I think so, and I'm happy to hear of a different perspective based on the charts. Late last week I saw some unusual Yen strength which was masked by base currencies doing other things.
I was surprised that Wall Street was heading north but Yen quoted pairs did not rock ...
Rejected the weekly resistance level with spinning top and pinball formations.
Met 61.8 fib level on the daily and wasn't able to take that out and saw bearish momentum shortly after.
Seemed to be a false breakout of the daily trend line and now we can see price action coming back to the downside and below the 8 EMA which confirms that this trend line should be ...