Currently It is trading in oversold territory, wait for technical indication of oversold zone if planning to trade.
#XMR Monero has given point C for a possible Butterfly Pattern (purple) that plays stronger than formed triangle (blue), good for #long. Dropping below 88.6% retracement fib. bookmarked at red will invalidate pattern, so it's a good area to place stop-loss. After reaching Point D we should see a reversal and the possibility to #short. TP (Take Profit) on the short...
DXY, US Dollar currency index: Forecast on H4.
In my previous post I called short to test the 200-ma. I believe this 200-sma on the weekly chart (at $3165 today) to be the bottom. Imho sell pressure is slowing down but it's still heavy, and while it is totally possible for a flash crash and immediate recovery, I don't think it is very likely. A possible scenario for recovery is a rounding bottom that will...
GBB/USD price has been consolidating inside a triangle, inside a long term range A price breakout to the upside could see price reaching the upper range line RSI bullish divergence increases the probability for upside move Read more ..
DAX: Weekly Overview! Chance to get back to 12.000 increases! Hey tradomaniacs, WELCOME to the outlook of EUR/USD. The currencypair EUR/USD seems to continue it`s downtrend and could move down to parity. Fundamental reasons could be the siuation in Italy not willing to desist from its high budget-plan (indebtedness) which got rejected by the E.U. which is...
Only short, every buy would be a higher risk exposed trade.
USDCHF, Downtrend forming on H4.
TrendLines Breakout, Fibonnaci Levels, Correct Precision
USD/CHF- SELL, Talking points, Technicals: One and a half year high this past wensday. you can see the reversal patterns. Weekly divergence on weekly chart gives me the final check for a Short. Also closed the week under Recistance area Fundamentals: Thanksgiving US Holiday (Thursday & Friday), Liquidity. Sentimental: Retail FX traders are...
H1: - Structure: Uptrend - Tendency: Upward - Above resistance => UP
W1: - Tendency: Downward - Test support w1 - Pattern: Triangles, Descending --> Waiting break=> Down !
H1: - Minor downtrend - Below resistance and 2 EMA => Sell
I'm actually long on NFLX stock but I think it'll drop over the next quarter. Overvalued compared to the other streaming services but lots of original content and a huge expected increase in subscriptions to streaming services over the long term. This chart is based on a monthly consolidation but I am showing the weekly candle to show that my last 5 forecasts...
As described yesterday, the buyers came in strong out of support areas at ~24100. Price broke through the 25000 level and created a new structure high by breaking the last highs as well. In the more immediate order flow price created a 1 to 1 to the upside reaching 25300. Price corrected strong and broke the immediate structure at ~25070. I am expecting price to...