The bearish nature of this rising wedge, a correction of the previous dump will end up in a bear break around 10/19.
Trading on both sides. I'll open a long position now with a tight stop, and I will close it around $ 8.800 and $ 9.100. Right after I'll double a short position.
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Price shot back into my descending channel , do you think it will break to the upside , i have been avoiding trading any pound pairs lately, however is this recovery long term or short term ?
i stick to what i see on the chart , maybe some fundamental analysis would say otherwise, it would be interesting to get a different perspective.
LEAKED DOLLAR INFORMATION!!!!!
U.S. Dollar Currency Index (TVC:DXY) 99.22 0.01 0.01%
14 min 37 sec left to edit idea
Beyond Technical Analysis dollar DXY CFD (US Dollar Index) futures profit smartmoney monthly charts beastmode
For all you bulls on the Dollar, you may want to reconsider.
We have reason to believe that...
Looking for short trades this coming week on CADJPY... We have had several rejections from the topside supply level, there is a chance we could get one last stop hunt high into the higher supply zone. Let's wait and see what price action we get into next week. Pay attention to Monday, and wait for the daily close to confirm directional bias.
Head and Shoulders forming on the 1H after bitcoin got stopped at the 10450 level which is the 0.786 fibo taken from 10604 high to 9880 low( range we were downdtrending for the past few days as seen on the chart )
That will bring us back on the upper side of the descending wedge formation we broke out to the upside yesterday - green curved line
What's moving this market north? Like the Fanny Mae fiasco back around 2008, the 'implicit guarantee' is at play. Go read up what that is about. In essence this is about an idea that the FED will bail out big corporations. The top industry analysts can find nothing of real substance in the fundamentals to move the DJI (and S&P) north.
I explore the 4H and 1D...