Last post I made a mistake that offset my bias. Learned, won't do that again. So here's a new -hopefuly spot on- analysis.
Of course DAX movement for Monday and Tuesday. Seeing that the DAX has been swinging a lot, I think this week, at least initially movements will come something more moderate. I think we'll start the bearish week, I put in red the approximate movement that I think made the DAX blue color and movement that take place on Tuesday. I do not know if there will be any...
My predictions. If I'm right I consider it a lucky trader.
Forming another batt preparing for a lower downtrend.
Recently this pair showed a second double top at the same resistance level. I predict the pair will go down to complete the second shoulder of the inverted Head & Shoulders. After that, it could go up to test the neckline of the formation. IF it breaks out of the neckline resistance, we will have a much better chance of a long position. For now, watch the...
I think there is so much happening right now in Europe and to be fair its not positive. So, for me I'm going for a short I've already taken trades with this pair but I am going to wait and see what the next couple of candles are like on the 4h chart. I'm looking for candles to not break the 1.10 resistance. Overall on this pair we're still very much bearish and...
Well I dont normally post up ideas on here but I think for the future I'm going to take some time to post a few charts up! Okay, so my thoughts on the DXY I firmly believe we're looking at a rate hike in December which will increase the value of the dollar upto previous 2015 highs! (100.5) If we get a continuation from this then a further price increase to 102.5...
Hi Folks. This week dax go short. First go to strong short near 10500, return to retest near 10600 and after go down again to 10350.
Probably a new uptrend is being formed, might be a good moment to step in.
6 days ago I posted on a short trade on COST - Here is the update Target 1 hit. As we are in the blue zone now I will watch the price action carefully but would like to think the next target of 144.72 is achievable also. We'll see :)
I like it when price recognises my predictive trend lines, drawn when the high was put in on August 15th. Even better when it has been acting as a resistance angle. The black dashed vertical line here represents time. It's not telling me direction but suggests that's when another bout of momentum should kick in when price reaches it. The blue box is where I would...
Advanced Prediction Lets wait for the market to do its move
I can see very clearly a massive resistance/support zone which was broken and now is being retested with a beautiful candlestick rejection, Monday formed very nice low test rejecting 0.5 level as well as new long term support level. I will wait for further deceleration and for Tuesday`s intra-day signs of bullish momentum coming in. This analysis doesn't mean it...
As you can see, there are 4 important points that might be the crucial checkpoints tomorrow. Predicting that Nr. 1 is a 99% probability (the only way we can pass that range is if it gap opens up or down by +-40 cents). Nr. 2 has 45% probability from Nr.1, Nr 3 has 55% probability from Nr. 1. Nr. 3 has 75% probability from Nr. 2, with 25% probability of a...
After the ECB, my view is that. Draghi didnt answer many of the questions in the press conference. He was not so clear for the in all most all questions that he answer and there is not clear view of the economy in Europe.
Take a look at this chart, what do you think? We've got a lot of bears out there right now, but they are forgetting that we have just entered September...a notoriously bullish month for FX_IDC:XAUUSD .
I've marked in red and green arrows where this range (purple dotted lines) has acted as resistance or support, it's clear that the purple range is a key level for determining if the Dollar will be bullish or bearish as sustained breakouts often occur within this range. With farm roles lower (as expected) we have a strange scenario where by the Dollar, Gold, Oil...
AUDUSD SHORT TILL 0.7547. LONG TILL 0.7625, THEN SHORT AGAIN