with overwhelming bearish momentum and good risk reward shorting here is a good idea.. no description needed
Central banks flood the market with cheap money. Conclusion stocks are rising in value and creating bubbles which are going to burst soon or later.
AS THE EURO CONTINUES ITS PATH DOWNWARDS, WE MUST PAY ATTENTION TO POTENTIAL AREAS OF SUPPORT. HERE I HAVE INDICATED ALL UPCOMING SUPPORT LEVELS THROUGH PRISM ANALYSIS AS WELL AS POTENTIAL SUPPORT LEVELS FROM THE CHARTS HISTORY. BY LOOKING AT THIS CHART, IT SEEMS AS IF THERE IS NOT MUCH SUPPORT UNTIL WE ARE CLOSE TO PARITY (1.00). PARITY IS A MASSIVE...
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SP500 fell lower but gain back all its losses quickly leaving a pin bar on the chart. The trend is bullish which add weights into this trade. My first target would be the resistance above at 2,117. Why I go long: Bullish trend Pin bar with long wick Price rejects the 2,089 support level
Last week, price managed to break and close above the previous structure high. However, just before the market closes on Friday, we saw a double top divergence formed. With the double top divergence in place, we are expecting price to at least retrace to retest the 95.00 region. As long as this level holds, we can expect price to head and form new high. However,...
1. Bullish Wolfe Wave pattern breakout 2. Broke and closed above Weekly Swing high 3. Price Action indicating that it will test the Fresh Supply at handle 96.56-96.89 4. This is a continuation of the trend We should see $ strength in March so I will be using this analysis to my advantage on $ pairs like GBPUSD, USDCAD, USDJPY, and AUDUSD. I am not very certain...
Ascending triangle was broken up with target at 14200 EUR 10000 is important support now, quit if price fall below. Risk is about 1200 vs reward about 3000 = 1:2.5 Monthly chart Intelligent trades!
With the $SPY above its previous record, this week's newsletter shows short term bearish pattern that may lead to a small pullback or to a bigger reversal. 208$ is now a support level to monitor over the coming week Read this analysis and more in this week's newsletter: marketzone.tumblr.com Subscribe to the Weekly Markets Analysis...
The dollar index is currently in a range, trading between the 93.50 to 95.20 level. A break above the 95.20 would confirm a further upward pressure on the DXY. On the other hand, a break below the 93.30 level would confirm a downward pressure towards the 92.50 level. Subscribe to the Trade Plan Preview at www.fxpipsology.com to receive more patterns with defined...
COULD BE AWHILE BEFORE TARGETS ARE HIT AND PULL BACKS WILL OCCUR! THIS IS A MAJOR SWING TRADE SMALL STAKES, REAP THE BENEFITS!!!
Last Friday NFP data were positive, sending the dollar further up north. The 95.00 to 95.20 level currently serves as a resistance. We do have a potential Bat pattern setting up around that region too. Should price break and close above that level, it would highly send the dollar higher up. Subscribe to the Trade Plan Preview at www.fxpipsology.com to receive...
With Greece not being a problem anymore and with the ECB and BoE monetary policies being supportive for a stock market rally, maybe is time for the FTSE to follow S&P500 and DAX higher.
Very simple support and resistance however this one has a very good reward to risk ratio.
Weekly target has been reached today and it was really wonderful setup. The beauty of trade was the confluence of short setups on weekly & daily charts that enabled us to wait longer for distant profit target. Second weekly target for those who want to continue holding their position will be 1102.00 if they can psychologically tolerate holding profitable trades...
Be careful with usd pairs. Use right money management. Do not trade until you have a clear signal.