EURUSD has created a great demand level below,
This demand can be a great continuation level of buy
Position as a day trade opportunity, if the price will reach
That demand I'll buy there, my target will be 1.1600.
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For the long terms the GOLD seems to be bearish and on his way
To reach 1185.00 Zones.
There are 2 options to look for a long-term position.
1 - If the price will break out the resistance zone above it indicates the
Price tends to reach the supply at the top, if that happens i'll look for
P"A setup of buy position.
2 - If the price will reach the supply...
The GBPJPY is bearish at the moment in all time frames.
It seems the price is on his way to reach 144.70 zones.
The supply above is a great continuation level to join this
Bearish momentum, if the price retraces that supply I'll sell there.
My final target will be 144.70 zones.
For the swingers among us, the USDJPY is bullish.
It seems the price tends to reach the supply level above, if I'm
Looking for a good level to join this bullish momentum than the
Demand below is a great one to buy position if the price retrace that
Demand I'll buy there, my target will be the supply above, which is also
A great level of sell position.
The USOIL have just arrived in a fresh supply level,
It is a great level to sell, for the long/swing terms it seems
The price tends to reach the demand below, which is also my
Target, if the price will break this supply I'll open a new sell position
At the supply at the top and the target remain the demand below.
For the intraday terms the GOLD seems to be bullish,
As it looks the price tends to reach the resistance above,
If the price retrace the demand below before reaches the resistance,
It will be a great opportunity for buy position with the resistance above
As a target, the demand below is also Quasimodo level, usually, it's a
Reliable and strong pattern.
For the long terms, the EURJPY tends to reach 132.80.
After the current retracement, I'll look for buy position in order
To continue the bullish momentum, below there are 2 demand levels
Which can be a great continuation level for buy position, I'll buy at the
Demand below and if the price will break that one I'll buy again at the
This is a pure TA price action strategy.
Buying volume is really dying off now and it is clearly overbought but there is room to run on the 1 hour RSI for a 'stop run'. Despite all the positive sentiment, bitcoin will retrace and the higher it goes without a sell off and profit taking the harder it will fall. The red lines is where the ladders for this trade...
Bearish bat formed nicely on 4hr timeframe. Price also struggling to break weekly resistance. Two black lines show areas of significant support so will be interesting to see if we can hit final TP st 1.09000 level
Gold Double Demand Area - Price bouncing off 2 extremely long term area's of Demand on Horizontal & Diagonal Plain's, Very simple, look for a little more Bullish Price Action before positioning yourself for a potential long term hold.
The British pound remains in a downtrend for now- but appears to be transitioning to a sideways range from 1.305 to 1.335
Fundamentally what Trump says about a US trade deal (GBP negative) matters less than improved chance of a soft Brexit from new UK gov whitepaper (GBP positive)
Scenario A) Downtrend pauses -- Price rebounds from 1.305-1.31 support zone to...
In spite of the OPEC Oil production boost estimated in 1 Mn daily barrels, UKOIL has been soaring aproaching 3,5 years highs close to USD 80; since the production supply increase was expected over 1 Mn and the real supply boost might finally be around 600k daily barrels.
Now the price is retreating from USD 79-80 level, after being unable to...
We've recently had some Bitcoin short trades proving to be very successful with our overall targets of $6000.00 being met recently.
But what now?
Price has entered a key support zone between the $6000-$5420. We don't want to sell here because it has been proven to be held before by the buyers. However we believe this is the key area to whether we see further...
Volume is king, and the volume profile tool allows for some pretty easy drawing of support and resistance lines.
I won’t say I know which direction this is going to move, as honestly, I don’t think I, or anyone else, really knows, but, if it does continue to drop then expect some support at the lines indicated.
Either way it will be interesting to see how it...