GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
MX OIL PLC ORD 0.01P, LLOYDS BANKING GROUP PLC ORD 10P, UK OIL & GAS PLC ORD 0.01P, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), VAST RESOURCES PLC ORD 0.1P, VODAFONE GROUP PLC ORD USD0.20 20/21
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Since April Gold -0.50% has sharply declined and is now horrendously over sold. In fact, the weekly RSI is the lowest in almost 12 months, right before the market rose back towards the highs.
Short sellers have battered this market, and there hasn't even been any meaningful profit taking (intermediate retracement), which means the vast majority of the short ...
//Trade 4 (Idea)
This is documentation for my personal use. Please do NOT take trades without your own analysis and management. Feel free to comment and add your own thoughts.
Weekly weak closure, bearish daily. Will be looking on intra-day TF's for perfect entry for swing.
Log position at Gold! You can wait for the price at
AUDUSD you just can take the long position as big as you can!!!!!
A potential build up of orders waiting patiently to be filled to go Long, waiting on the price to take a sudden drop and be filled.
COINBASE:BTCUSD BTC/USD will get down till 8500
Only after that, we will see next biggest rising up of the price.
Possible H&S to proceed lower into the new year
A nice example of the market buying the rumour and selling the news - XZCBTC had a great run up in 24 hours.
Znodes (XZC Masternodes) were launched at 7:21am UK Time and you can see the spike in price, and the subsequent sell off once the market had adjusted for the news. RSI indicated it was time to cut short and take profit around the same time as the news ...
With BTC at another ATH (All Time High), the question is - once it hits the magic 10K USD and everyones sell limit orders hit - where are we going next!?
| SUMMARY |
Based on the premise that "previous resistance becomes new support" (Thanks Nicholas Merten - Data Dash), as well as several other data points, we can carry out analysis as follows:
1) The last ...
The Patterson-UTI stock has been in an intact downward trend since April of this year, a trend which really picked up the pace in particular towards the end of July. Since the last strong downward movement, the stock of the company has now recovered well and corrected almost one hundred percent. Currently, we can already see the first signs that it could go in the ...
In the daily chart, we can clearly see a wide correction of the downward trend. This produces a high potential for a short positioning; there is plenty of space until the low at 18 USD. This is why we can and should wait for a signal in the subordinate trend size. In addition, since the SMA 50 has been broken through once again for the first time in months now, ...
The stock is still in an intact upward trend, and is currently about 50% into the correction of the previous upward movement. In order to find an entry in the long direction, we should be on the lookout for signals in the subordinate trend. In the hourly trend, we could soon see next upward-pointing 123s occurring. Here, the entry can be made at the point 2 or ...
The Volkswagen stock, which is listed on the DAX -0.01% , has picked up considerably once more in the last few weeks. Several investors are already lying in wait for entry opportunities, and the first headlines with recommendations to buy are now slowly accumulating on the web. Why is the diesel crisis still heavily impacting the automotive group, and why is it ...
As we can see from the chart the price exceeded our 1.2000 target and has now lost it's upside momentum and looks ready to retrace. We could see a slight pullback to the region of 1.1980 before making it's journey down towards our first target of 1.1820 but my overall bias for this pair would definitely be SHORT trades all round. Safe trading!
2.Previous Resistance broken (breach of opposing zone)
3.Price action hit support zone
4.Trading with the trend
5.Pin bar being the last candle
USD/JPY in a critical area ... Potential rejection from the descending trendline to new lower lows ?
Lamprell is finding resistance at its 200 EMA at 114p. Will it break to the upside, or will it be rejected?
Previously, we anticipated this pair as bullish towards 0.7550 area. Price did hit the 0.7600+. The current movement suggests that AUDUSD is correcting and may or may not revisit 0.7450 before bulls reign once again.
Happy trading everyone!