I'm stalking a bullish rebellion into a sharp ATR switch for the south, on an 8H time frame. If there is a reversal is may happen on a 15 min time frame. In this screencast, I explore the price action and envelopes of probability.
Pound/Sterling may hold some surprises. I have spotted a major curve suggesting probability for the upside. Just don't expect it go go up in a nice smooth way. Brexit is likely to hold some favourable surprises for GBP/ pairs in the longer term. Into April, expect high volatility and trouble.
The India50 is not one that's often talked about. I show how I estimate the price action and probabilities for a short position. As always if anybody is getting into this, prepare to lose! This is a loser's game - we can't win without losing, end of story.
I'm saying, that GBPJPY is in trouble - having pumped north like nobody's business. The technical picture on the weekly is troubled. That means there is opportunity for all traders (long or short) on lower time frames. I'll say no more here. Have a look. And - if you think differently, give to the community your reasoned assessment. It is in giving that we...
Gold has had a good run north on the daily time frame and is coming into a powerful zone of congestion. It's not looking great for going long on the 1D now. There are opportunities for shorting on lower time frames but those do not look too good either. Possibly - just possibly - there may be more profit taking on this around this time. I'd be cautious with this one.
A simple idea of what to look for when we finally break this bearish trend.
We see late in 2015 how the most simple price action and EMA concepts can give us an undeniable reason to start building a long position.
Once price broke above PA-based resistance, we got a retest of both the PA and the 55 EMA, we also see that the EMA's has flipped to bullish...