This setup is only relevant if we can get that daily close below this neckline.
As i have already stated to TeePee Students; I want to hit a stop on this, and i will not trade it on a live account. all the reasons for this were shared in our live session earlier today. Targets (1.758 & 1.743) are fib ext targets (1& 1.618). i don't think the previous relevance of...
Ether may have found a temporary support level in its bearish journey against Bitcoin. The depreciation of Ether, valued in Bitcoins, has been steady after reaching the top of the current bullish channel at the end of January.
It has now reached the channel's floor, an excellent opportunity to halt the slide.
It is not in Ether's favour that the 200-day simple...
The dollar is weakening still. H4 MACD looks promising. I expect a strong push to the upside. In addition to the first chart I have included my secondary thoughts on expected action on Gold. Again there is risk. Trade and tread with caution.
A bullish Elliot Triangle Wave could be setting us up for a push to just under 50k. I use the average sentiment oscillator to help provide the 0 and 1 points for a fibonacci time extension for the the initial bullish area. You can then extrapolate the timeframes for the rest of the analysis. Enjoy.
We have seen a break out of this resistance that has been holding for a while now. I got in just before the breakout as all of my indicators told me price was going up.
GU is looking very bullish today!
The targets for the break of the previous channel (sent to our students) were hit perfectly, before we saw a retrace back down. The beautiful thing about the retracement is that it appears to have moved directly into a new descending channel.
I think we are likely to see a little more of a dip before this pair moves away, but i for sure will be looking for longs...
We got in here on cable after a clear SMA cross had appeared.
No major data out of either country until 13:00 GMT which gives this position a good 4hrs before we need to either take profit or stop loss.
All of my criteria was met with this trade hence why i decided to enter.
The stop loss was fairly big but i decided to enter anyway as this trade set up was very appealing.
My overall bias on EU today would be long.
Trend line is holding nicely.
There has just been a cross over on the Stoch and RSI is looking very bullish.
MACD also bullish.
Not the best time to buy now but after a reversal (off or close to the trend line) would be a good time to get in.
On a fundamental front this week Monday was a read day for the USD and for the...
While looking through major pairs this morning this one stood out more than any other. A nice retest of support turned resistance (1.2491). EMAs have crossed over, RSI in below 50, MACD fast in under lagging and Stochastic just about to cross also. There is a slight divergence on the RSI to the 1hr chart. This could be a sign of a trend reversal.
USDCAD could be a possible set up for a short.
DXY Head and shoulders looking very likely so on the back of this we are going to be looking t get in on the action.
USDCAD looks the best set up t take advantage of this as we can see EMA cross a key area of S/R.
We are just going to be patent with this one and wait for the cross to be confirmed and a nice bearish...
10 and 20EMA cross confirming change of trend.
Doji followed by a bearish engulfing candle off the S&R.
MACD fast line below the slow line confirming bearish momentum.
I got in to this one before stochastic was oversold.
Going to follow price down with a SL just aove each recent swing high / low.
Got any ideas?
Let me know.