I'm starting a new multi-timeframe analysis series and using TradingView to document it.
The main objective of this multi-timeframe analysis series is to bring together the knowledge I have gained over the 4+ years of trading, and encourage me to consciously use that knowledge rather than working out of habit and 'instinct' which is so...
swinging gold short I've labeled everything on the chart i am in the trade now, two days of very bearish candles right on strong resistance/ Fib line. i expect it to drop to the next Fib line/green trend line then retrace slightly i may add to my positions here. then down to the Final TP is market conditions are good. MACD crossover indicates Bearish momentum. a...
I think that the there is an option to go long on this pair in the short term. It is failing to break the S1 pivot support level, I'm predicting a TP @ the pivot level. Further MACD analysis confirms this and indicates a trend reversal. Good luck!
Hope you all enjoyed the Christmas break and are ready for another year of thrashing the markets.
NZD/USD is currently looking extremely bearish for the following reasons:
- Break of the neckline of the H&S, implying downside movement to 0.66150;
- Break of the trend line support from Jan to June lows;
- Break of the 200dma.
MACD and recent...