When assessing the viability of an investment it helps to understand what the story or catalyst is for your investment rationale. I have been looking at the opportunities that gaming is bringing to the table to smaller companies, because developers are the future picks and shovels of this industry. With more competition among the big platform providers and...
Between 3rd Sept and 5th Sept, price failed to make to a higher high, while macd displace a lower high signalling bearish divergence. Expecting a move down to the 200EMA, Weekly S1, 75 fib at 1.057. Would look to re-evaluate price once it reaches this zone to see if price continue up or drop lower.
Short at 1.065 with a target of 1.057 and then...
Price currently retracing to the 17.50 which is the 200EMA, Daily S2/Weekly S1 and 68.5 fib level. Expecting a bounce up off these levels and move to between Daily R3/Weekly R1 at 19.20.
Long at 17.50 with target at the top of Weekly R1 at 19.20.
Price has been range bound over the last month and has finally moved out of this range and bounced off the 62.5 fib and is just below the 4HR 55EMA/1D 55EMA and Daily Price Pivot (fakeout). Expect a push up back into the range with a move to the upper part of the range.
Long at 1.38 with a target at the top of the range at 1.39.
Price is currently setting up a new trendline and is expected to retrace back to this line at around 1.22 which is also the 38 Fib, Weekly Price Pivot and 4HR 55EMA, before continuing upwards to weekly R2 at 1.238. Expecting a triangle formation with initial resistance at Weekly R2/Daily R1.
Long at 1.22 with an initial TP at 1.245.
Price currently moving up along a trend line that is also the 20EMA and mid Bollinger Band. Reaching a squeeze point between the Daily R1 and 75 Fib and upper Bollinger Band. Expecting price break to the upside to the daily R3 which is also the weekly R2 and psychological 0.9980 (just below 1.00).
Watch for a break of the trendline to the downside...
Price is currently squeezed between Daily Pivot/Weekly S1 and EAM20 on the H4, expecting a push to daily R2, 50EAM, 50 fib and test of previous resistance level at 9850 from the underside before a drop down to daily S3 at 9200.
Watch for a break of the daily pivot level as price may just break lower to daily S2 and trade in a sideways range.
EURUSD has had a strong bearish week, with the Dollar making great bounds to the upside. For now, I’d like to see price make some small bullish moves back up towards 1.025 ideally, although it will be interesting to see what price does at 1.1. However, I feel it will push back to the upside in exhaustion and to collect volatility to push back to the downside. I...
Despite the current support level holding strong again, the recent daily 15/50 death cross on the 27th August presents a possible indication of where the current consolidation period will break. The previous death cross provided a 50%+ retrace
Price has reached an area that contains:
• 50.0-65.2 fib
• Upper Bollenger Band
• Long Term Trendline
Also MACD bearish divergence between 26th Aug and 27th Aug.
Expecting price to move lower from Daily S1 (1.22240) to Daily S3 level that is also the Weekly S1 level at 1.21265. Second target at above physiological 1.20 which is just...