Hello all - DuncanForex here with another trade idea
I am looking for GBPUSD to go long - even though it is at resistance - if the highs of 1.2088 are broken - I think there is scope to reach the 1.2175 area
This is based on short term sentiment and a strong upwards leg today which I think after a small retracement could continue an AB=CD retracement...
It's freaky how fibs on time intersect with possible future targets on BTC.
The chart speaks for itself.
It could be a possible scenario, let's say an OPTIMIST outcome.
However, it cannot be discarded the possibility of all going to zero!
Robertus
Hi all - DuncanForex here with another trade idea
With EUR USD creating a triangle which it broke out of and retested at Resistance
I am looking for this to head lower - it may only reach 1.1150 area where this area could act as support
However if it breaks through, it could head far lower.
Lets see how it plays out
The website is now live
thanks for looking
Duncan
Sad trading view doesn't have charts such as alot of bonds. A shame.
Well, site is full of $1500 lifesavings people that are going to lose what little they have on cryptocurrencies. Site has all the alts from all the exchanges...
I just saw yet another bond price go balistic.
The Austrian 100Y bond, it went something like shown on this chart.
US 30Y ballistic...
Both Gold and Bitcoin have had their moves lately. Gold is more of a confidence crisis asset, while Bitcoin right now is all about China. links below if you want to know more about both of these topics.
There has always been this Gold vs Crypto debate. I think both have their uses. Human history is cycles of soft money and hard money, a battle between the...
Like always, some OPIUM for all xrp lovers.
I had this pitchfork drawn on my chart for months now, I thought I'm gonna share it with you all.
XRP is too easy to predict looking at this chart. Using LOG chart it's clear what's next.
Any spikes below lower warning line should be the bottom for this cycle. Very safe play would be loading on XRP after it breaks...
I like to be simple in my analysis and that is what this chart shows. I don't need to know the charts on a weekly basis. I dollar cost average every week with an amount of money that I can afford to live without during the consolidation phases of bitcoin and scale my investment down as the bull run continues to run up. I have seen targets everywhere from $150k to...
It's been a while since any alt-coin paired with BTC could of been considered for a long position but Binance coin certainly looks good at the moment. Keep a tight stop just below those EMA's.
Interestingly, from an annual cycle perspective, it can be seen how the BCNBTC market experiences moments of trend change. Here in a long-term perspective we share an interpretation of the dynamics of volumes and their correlation with the volatility of the cryptocurrency price which makes this technology a market that always promises movements for the generation...
Looking at previous Bitcoin all time highs, it becomes clear that they come in waves of 2. The purple lines show ATHs broken, that were then re-tested. After each re-test, the price creeps back up to the ATH where it then takes off for 2 more pumps. The blue lines show this pattern, ATHs that were never re-tested. Looking at the current trajectory, it would seem...
The chart speaks for its self. This thing will either slowly work its way towards that point or dump hard and bounce back out of that trajectory. The aim point is in the end of October 2019.
Not a trading advise
AUD/JPY has formed a bullish momentum divergence at a long-term support/resistance zone (defined by my algo - see Related Ideas for more info).
Short-term support is in the 71.50 area - so look for a retest of that level. It could be a good entry point.
Short-term resistance is in the 72.30 area. Once that level is cleared there's not much until we start hitting...
We've got a bit of a strange one here today...
EUR/CAD is shaping up for a near textbook bullish divergence pattern AND it's sitting on a long established S/R zone (defined by my S/R algo - see the Related Ideas).
Why is that strange? Well, basically because EUR is so weak at the moment. It's just broken multi-year lows, so unless that's a false breakout...
