Since no recession, the red line is very unlikely and the orange line is unlikely.
In the screencast, I explore the main timeframes and show my reasoning for shorting. (Not a recommendation or advice for anyone else to short).
Hi, friends. The price is in the balance with the range 604-660. As long as the price is in the balance, we trade only from it borders. Otherwise, the stop loss will be your friend. If this balance goes up, with a high probability the price will breakout 700. First target - 710.8. If this balance goes down the price will fall to the support levels 575. This level...
Trade with >70% probability: BUY close@ 1,2270 Risk: - 44 pips Profit: +46 pips Profit/ Risck Ratio: +104,5% Theoric Probability: >70% Actual Probability: + 93,3% Total Gain: +451pips
I posted BTC ideia 11days ago whit this "Good entry its SMA 200 (6.2k - 6.5k) " "short and mid Targets (resistances) T1 - 8.5k T2 - 10k T3 - 11k T4 - 12.7k " Ok rick, but what happened? BTC made a good reversal from that point, its already 80% up from that level and hit target 1,2,3! now we are waiting to another decision, we are trying to break BIG...
Not a fundamental analysis trader but possible rising oil prices wil push USDCAD eventually but the possible rate hike wil first spike things up a little if that make any sense?
Over the past few weeks, GBPUSD has been channeling after it broken the downtrend that started from the last of this month. This is a pure technical momentum based play, where im expecting price to test the high it set lsat week. Price target is around 1.5640
Again everything in line with all the intraday pairs today and the eurusd is no different. Downtrend broken and now expecting bullish momentum. Price target 1.0940
Just entered 20mins ago and this is in line with all the long trades i'm taking n posting for today. This is more of a channel breakout without any clear trends as i'm still bearish on this pair on a daily perspective. Expected target is around .7480
I posted a couple of weeks ago about the possibility of the USDCAD breaching the high on the weekly which is highlighted by the red box. Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume...
Gold made its high in 2012 and since then has came off considerably.. For the past yr after the initial selloff, price has been consolidating for the past yr with a clear descending trendline which re-confirms the initial selloff that a potential continuation is coming. With that in mind, I'm anticipating a further sell off in gold with a expected target of...
I was in a long position on this which i was stopped out on friday. I usually ignore the friday closing hrs due to lack of volume but price seemed to fall during the last few hrs and i ended up taking a short play. This is a classic retracement play coming off a period of consolidation (which i originally thought it was going to break higher) but I reversed my...
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily. I'm basing this trade based off of that momentum and on a simple trend-contination setup. As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Attached in the related ideas is was the original chart n the rationale behind it. After my target was just hit within the last hour, i managed to grab over 130 pips in profit for this pair alone. As it stands we are breaking down from uptrend over the last couple months to a full correction/ large channel sequence. Using the Green trendline as guidance for the...
USDCHF has broken out of the descending trendline where it also re-tested last week. This is highlighted by the yellow boxes which indicates bullish momentum can be anticipated. Currently Price is about to break that dark grey box and should it break, Im looking for around a 150pip gain trade with a expected target of around .9660
After the run up we saw in this pair yesterday, we are seeing a pull back or consolidation which is natural. Im expecting price to retrace atleast back to the green trendline with an expected target of around .7160
Commodities are selling off right due to whole Greece Situation and the sell off China. This trade is based on the similar concept as the Natural Gas play with expected downside momentum to continue. Only difference is that i'm looking at this from a 4hr intraday chart. Expected target is around 615.00 along with the corresponding CS levels with it
Another play that i'm already in. This is a intra-day trade based off the clear downtrend we're in right now. As long as the Green trend line holds, I'm expecting this downtrend to continue with a target of around 96.50