Purely done based on technical analysis only…
As we see a major support level on the 1D charts & I’m looking for a trade short term.So…
I’m going look closer to the lower TF charts (time frames, like as 15m & possible 5m for entry)
To be continued…
Fedex #fdx is in a clear sell/short range now. if the market is able to continue the momentum we could see #fdx reach 205/210 level but needs alot of liquidity to break resistance. the stock clearly respects the trend lines on the chart based on its history.
likely downside levels 120 short term, 106 and lastly below 100.
its best to wait and let it play out...
Pls like this post if u find this idea helpful.
We wait to see what the price will do but we think this is end of strong uptrend for nzdusd.
We are waiting for Breakout and Retest to go SHORT.
We can maybe see a big drop in the price in next period.
Platinum has sold quite aggressively for the past couple of days.
We are back on that demand line we have been founding support for the last few weeks now.
If buyers continue finding value on these levels we will finally pass the high at 985 and eventually the higher resistance level at 1020
IF not next stop bellow is the 940s level .
As we can see on the...
It made so far 4 touches at the resistance zone and now will go down,
also because the FOMC was released bad for the USD.
Also, it raised too much in a short period of time without a correction.
Big short coming up on USDCHF that could see the price coming down to 0.88821 by April of this year. This is a long term trade so use your strategies well!
No change in my view since previous publish, market are going down usually as expected. The correction in blue wave b converted from flat to triangle and red wave 3 ended at 1.1300 also finished blue wave b of Y. After that we saw a quick decline in last blue wave c and the ideal target for this wave is near 0.8500 area. This area has lot of support as long term...
EURJPY; has a potential reversal zone with completion of D leg (long opportunity) if the price fails and continues down = Next PRZ @122 (Butterfly)
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I personally have been short on this pair since December :)
Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so
There are many reasons for this setup Fundamentals and technicals
FUNDAMENTALS
- jubilee year ?
- shemitah Year ?
- every 8 years a financial crisis
- FED raising rates to...
SHORT TERM ANALYSIS:
After a major rally from gold, we can expect Gold to reverse at this point. With RSI heavily in the oversold region, we can catch some pips shorting it.
LONG TERM ANALYSIS:
Gold can potentially go up higher following the retracement. However It may always run sideways after the retracement
Short @ 1073.55
Stop @ 1075.71
T/P @ 1069.77
Happy...
