simple setup once again, no need to over complicate the charts, confluences + great RR provides great chance of profitable setups. Short position from the supply zone at 1.84175, we are over extended & due to retrace. This supply zone gives us the opportunity to do that
EURCAD facing a break or bounce scenario providing good setups either way. A break and retest of the TL for long positions or the more favorable is a rejecting of this TL for a small intraday short position down to the previous low where I'll be looking for a double bottom to form in the yellow range highlighted.
Bearish momentum has slowed down on the 4hr timeframe, also breaking the descending TL, formed and upside down h&s. It's looking to break the neckline and we will enter long positions on a retest if it was to hold.
USDCAD - change in bias after breaking to the upside of the consolidation range, looking to see a retracement leg to the upside. a clean break and retest would give us the confirmation we need to take a long position with initial targets set at the 50% retracement level
EURUSD is coming to touch a strong ascending TL once again, also looking to form a double bottom along with a strong S&R level, giving us enough confluences in this region to look to take a long position after we see a clean reversal candlestick off the TL for confirmation
AEX bounced off our first support at 473.11 (horizontal overlap resistance, 100% Fibonacci extension , 50% Fibonacci retracement ) where a further rise might occur above this level pushing price up to our major resistance at 509.41 (horizontal overlap resistance, 50%, 38.2% Fibonacci retracement , 100% Fibonacci extension ).
Stochastic (89,5,3) is testing our...
This is the weekly chart of the S&P500. It won't take long before the stock market will crash again. Correction is needed, after every swing up, you get eventually a swing down.
We had a crazy bull run last 10 years. Don't look weird if the upcoming two years will be bearish. In my opinion it's a great moment to take profits from stocks and invest it in physical...
Well logically is to reason a path bearish or quite powerful, in or have been prudent in trying to make a model based on the effect of brexit, but amplified and magnified
