This is a great lesson for those who want to get on a good trade. Look at the monthly chart. Not since 2001-2002 have we seen a nice wedge pattern like the current. But more importantly look how far price moved when it broke. We expect the same with this current pattern. You don't have to catch the break...rather drop down to a smaller time frame (Daily or 4...
We are still watching the Euro. It's back in the middle of the range in no mans land. We will continue to keep an eye on this. We have a weekly signal getting ready to fire and with all the junk happening in the Europe this currency will move and we will try to be on it. Keep on your watch list.
We stayed out of the Euro last week to let the FOMC announcement shake the "playa's" out of the market. Even after the hoopla, price is still contained inside the wedge. The daily chart is ugly so we look at the Weekly to give us the story. If we get a weekly close outside of the wedge expect them to eat up the supply from the week of 8/24 and try to run the...
Still waiting. Trading is s waiting game...the better you get at it the more money you can make. Keep the E6 on your watch list.
We look at the Weekly chart of the Euro and last weeks trading suggests more downside. Understand that the selling that happened last week and the fact that we are back inside the wedge suggest more selling is coming. We will look for bounces to resistance and look for TRIGGERS. If they take another stab at a breakout watch the high of last week. If we reach...
The Euro is back under major resistance...was this a fake break out? We are watching closely and looking for opportunities to the short side. if the bulls rally and take out the most recent highs then the squeeze will be on and Euro bears will be jumping off the ship. We want to see a test of the major resistance and sellers to step in. NO TRIGGER, NO TRADE!
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
Taking inspiration from one of my followers who messaged me this weekend, I wanted to try something different here on Tradingview and concentrate on a single pair this week instead of randomly posting charts when I have the time. (Let me know what you think of this idea by the way). This week I wanted focus on the GBPUSD as there are a few potential trading...
If policies continue to diverge, there will be strong fundamentals in place to justify a stronger dollar relative to the euro. From a technical standpoint, the long term support line appears to be broken. The 20v 50 day cross-over suggest momentum will be downward sloping. Bearish MACD cross-over is not a good sign. RSI may be over-sold but the down-trend...
Today the pair created a large bearish pin rejecting a key level of resistance. There is some "air" below which allows price to correct after the recent bullish momentum. Looking to short at the break of the pin and target target the 1.01 area.
We can see here, that the price is jumping off the bottom of both the linear regression, the BBand and strong support at about 1.93453. This to me is a clear retrace and reverse signal. From my analysis of fundamental analysis, the GBP is way over sold, and the political instability will not continue for too much longer. The one head wind this pair faces in the...
Shopping for Bitcoins in the wall street? That's your one and only choice for now, and if you're bullish on Bitcoin this is it. This stock have been hammered from $10 to less than $0.1 last year, and it looks to be finally bottoming here with a break to the upside. Bitcoin ETF launch could blow this straight to the moon with all the hype, yet only retracing less...
The Euro looks bearish here along with oil. It has been in a macro downtrend or downward parallel channel since 7/08' which only accelerated the downtrend in 9/14' with the accompanying rising dollar and falling oil prices which the rising dollar is inverse with most currencies and oil. Right now.......the Euro is consolidating along w/ Oil & USD. When USD starts...
Consolidation over the last couple of weeks, after an impressive breakout from the previous trend, appears to have created a tidy flag formation within a neat channel. Price is now intercepting the meeting point of the 50EMA and the Support at the bottom of the Channel. This is the third time price appears to be reacting to this support and a reversal Candlestick...
The J6 has returned to the scene of the crime and has kissed it good bye. A breach of the 8388 are and we will goto a lower time frame to look for a trigger. This will support higher equity prices.
The J6 has broken out of it's pattern. This is bullish for equities and could place pressure on the indices. See our weekly outlook: youtu.be
Please watch this explanatory video : www.youtube.com In this little educational video you will know my rules for trading the Cypher pattern in a simple and clear way. Then, I will show you two live pending Cyphers on GBPJPY, hourly time frame. Notice that I didn't go over the targets and stops in this video; I will cover them in a later video. I will see how...