USDJPY - shorts or longs on 15min take your pick
I'm more inclined to go short due to higher TF's still being bearish, but with US trade talks looking positive and JPY seeming to weaken last week it could turn the tables
Any questions drop me a message or a comment im happy to help
Price has now completed the Harmonic crab projection at the 138 level. I will be keeping an eye on this level during the early stages of next week. Ideally we would see another pattern forming on the lower time frames for confluence on a retrace before heading higher.
The bulls are clearly in control with the shift in market structure. We may see a push up to...
GOLD (Daily) bearish structure, with the latest swing high printed at 1519. The harmonic Shark projection is closing in on completion, and thereafter I feel we could go as low as 1439.
Ideally we would get a pull back to around 1498 to start looking for entries for the next swing. I will be monitoring the lower time frames for valid setups
Loading on the long position for Natural Gas, being trading in the descending broadening wedge for a while price gives first signals of bullish divergence on the MACD and the RSI on the 1H timeframe , a signal that we gained some value on these levels and buyers are coming in .
Price has broken back into an area of former congestion (108.8 - 106.8) and has fallen to test the lower range after a double-top
Price action has now stalled and is showing some indecision, forming an inside bar.
Trading the break of the mother bar to the downside should see a restest of recent lows (see chart)
Price has been halted at resistance (previous swing highs)
Two bearish candles, including a doji suggest indecision and bearishness creeping in
Should price begin to fall, I expect a test of the 50% - 61.8% fib levels which has confluence with a significant support level (0.62690)
Should price test and hold, I will look to get into a long position.
Double bottom on the price of UK OIL with bullish divergence on the RSI on the daily chart,
Good entry for longs and taking profits at $62 where the 20 MA is at at the moment , price in case of an uptrend most likely will travel towards that level,
Also Fibonacci taken from the high to low of the descending channel we have been trading in for the last few...
EURNZD - We are bearish on both currency pairs so this isn't a trade setup we would usually be looking for, however this is setting up nicely for a monthly swing down to the 1.70500 zone which would give us a decent 450 pip trade.
We will slowly build a position on this pair with entries around 1.74600 depending on bearish price action in this zone, and a 60 pip...
Kiwi has double bottomed with no bullish follow-through.
Price is grinding away at long term daily support.
If support breaks with momentum, then there is a lot of air before the next support level, with a very strong weekly support level at 0.602 (the 161.8 Fib extension level)
Oil has fallen to pre-crisis (Houthi rebels/Iran attack) and filled in the original gap.
Price has closed just above the start of a large support zone (~400 pips)
The RSI2 is approaching oversold conditions
Whilst the dominant trend is certainly to the downside, this support zone has been defended by bulls in the past. This should give many opportunities to get...
We are starting to see signs of momentum slowing down. Support levels set with next week/next months plans in place for a return to lows if key level is broken. Given the current economic conditions, we cannot rule out a possible bull rally.
The greenback is looking strong but it approaching some levels of resistance and should see tests of the...
Here is a macro picture for Tesla on the weekly time frame.
Tesla broke out that descending channel that was trading in for months , retested forming a descending wedge that also broke up to the upside , and now and on its way up .
Long term positions with profits at 0.5 => 279, 0.618 => 302 , 0.786 => 335
Currently price is above the 21 ema -blue line-...
Euro is showing continued weakness from yesterdays PMI news. Looking for the NZD to continue its possible turn higher. If this continues for both this could be a multi day move with plenty of time to scale into this position.
Looking to sell the weakness of Europe and Brexit chaos. Looking for reversal on the Daily to continue.
Entered on short on a bull trap on the hourly chart.
looking for a multi day move potentially adding size when the opportunity arises
Ltc price reached the lower end of the fib channel ,
That means we re still on an uptrend but on a slower growth due to the lack of volume,
Also the 0.236 fib level - white line of the fib taken from 106 high to 62 low, where the price action was unfolding around for the last few hours , happens to coincide with the 21 ema on the Daily ,
So we can see...
Double bottomed and oscillators showing class B bullish divergence on the 1 H.
Ltc reached the 0.382 fib level of the Fibonacci taken from 107 high to 62 low, some profit was taken on these levels and now we touched the 0.236 fib level for a second time creating what seems like a double bottom with a bullish divergence on the 1H.
Good entry point for taking...
Head and Shoulders played out , What followed was a retest on of the level of the last peak of the descending wedge we broke out from yesterday ,
While doing that price did consolidate inside a descending broadening wedge which is bullish, Broke out to the upside , retested back on the top side of it and now we are set for another run to the upside,classic text...