Buying the Retracemeent - old Scholl Fibo Strategy!
SPX500 - be Carefull with the Shorts
But it will need some more time - at least i think so !
AUDCAD Bullish Bat wait for the confirmation
Close of price as a high test bar below a tested level (at ~1.1050) in conjunction with the 8 ema resistance and an apparent "kiss of the trend line" after a break below close below prompts an aggressive set up to the short side with at least a 1:1 reward-risk profile. entry - below low of high test bar stop loss - above high of high test bar target - at...
Indeterminate direction of price as no clear signs has been given by the last quarter's closure. Last Quarter's close is below 5MA what gives a bit more power to bearish signals We have a bearish chart pattern (Quarter) Price is currently at 50% Fibonacci retracement area in a relation to previous swing Down Will look for a bearish long-term entry setup...
1-the major trend is bearish 2- spining top at resistance 3-falling wedge @aboofeissal
Price seems to making a very rare pattern on the ES Mini, where price action takes the shape of a shoe that is trying to kick prices higher. Similar to kicking the can down the road. Upside targets are T1 2152.25 and T2 2181.50 When this rare pattern forms, price usually is super choppy with no support or resistance holding from the top of the shoe to the bottom...
Last week chart: 2 WINS Profitable pullback ( I don't trade these pullbacks ) Profitable movement up ( I made 95 pips ) We had a bearish engulfing candle on the Weekly chart + finished on friday with a shooting star candle, that closed under the resistance level of 0.712. This all happended after a break of the previous TL ( which can now be seen as the...
The GBP had a 1.5%-1.8% rally today and it needs to retrace if it want's to keep up this upmove. Euro on the other hand has been going down (fx eurusd) and is looking like a potential long especially if the us unemployment is worse than expected. Currently I am expecting just a pullback to 0.236 fib level. Technically: The price is at a support level. And if you...
For this idea the main points are the same as those for my last couple of ideas , except that nzd has released less of its potential than aud and cad against the usd. And I think that the commodities still have some room to continue their pullback. In short I think that usd will further pull back.
[i ]EURAUD didn't let the audusd to rally as it went up a lot but now idepreciate nowt wiat-leastciate now or at-least not rally much more. That would let audusd to continue its rally and potentially to make those double bottom patterns complete. So yes, generally I think that DXY (USDOLLAR INDEX) will pullback some more and that commodities are likely to do...
Hope you get the reference : D Blue & Red trendlines are linear regressions of lows/highs starting from 2015 up to now red: 1 & 1.618 standard deviations blue: 0.618 & 1 standard deviations Dashed lines are the just representing the midlines in between to figure out the exact crossover at the end of the triangle which seems to be right around end of 2015. While...
EURUSD short term outlook remains bullish. Today at 14:00 UTC there will be ISM Non-Manufacturing PMI (Mar), which could move the eurusd pair up to ~ 60 pips or maybe more if the data is very surprising. There are no reasons, cut in stone, for my bias, but some of the core ones are : 1. eurusd pullback still has momentum and it seems like eurusds downside...