I didn't set a good entry for this trade. I should wait for price to obviously go above the trendline for a good entry.
Again, too much fluctuation for EURAUD. Not a good time to trade.
The bear power was very strong. It has broken support levels for several times. Bull power is trying very hard to take back the market.
Followed the previous trade. The price was uncertain at a previous struggling point. I got into this trade kind of because it broke out of the fibo 0.618 level. I thought there was enough room for price to rise. However, I missed the struggling point, which made the trade so risky. Half of time of this trade was losing.
I did this trade a bit later than the USDJPY one. AGAIN, it's really a bad time to trade right now. Price is fluctuating.
Considering my idea on the USDJPY (linked below), the Aussie currency is going for a similar pattern (TDP) to exit the triangle with some momentum. I'd expect a bounce on that support tho.
That would be a week-wise trade. Fun fact: ITB4 (Or ITUB, Itaú Unibanco) is the most suggested stock by analysts in Brasil to buy and hold. Mainly because we are approaching a bottom, or you could say, a famous support. That's the last chance to short before it reverses -considering- it will reverse once it hits this bottom. R/R is medium, because we are in a...
Fundamental keypoints: (Translated from portuguese) * New management: The new finance minister shows that is able to change the actual situation, which makes the market enthusiastic and hopeful * While Dilma said the actual president is going to stay for the moment, there are rumors saying she'll (Which is Maria das Graça Foster) be replaced by Vale's actual...
The divergence between RSI and MACD makes this trade dangerous, so aim low.
We are in a similar posiition here, we just left a bullish engulf from a harmonic pattern, but it lost strength fast, and unlike it's friend AUDUSD, it didn't show any sign of early recoveries on the other indicators. If a breakout below happens, you should expect a 4H/D downtrend confirmation, and break the D/W/M major support. Still, it's a risky trade, make...
It's a pretty risk trade, and I'm only taking it because I made a mistake opening a position short on this pair friday. If it breaks upside, it'll simply continue the trend, drop the position and take the loses. Otherwise, if it breaks below because of a gap or something, accept profit and get out too, because it could be a bounce confirmation. Anyway, good luck all.
Oil is not my primary area of expertise and i know that currently the fundamentals are clearly bearish after that the OPEC countries agreed this afternoon not to cut their oil production to lift oil prices. As a result oil prices tumbled to post fresh lows below 70$. However looking at the long term picture, we'll notice that the price of oil is now...