$EURUSD is setting up for a massive rally in wave 3. Wave 3 should exceed the high of wave 1 and might advance 1x or 1.618x wave 1. Price is sitting at a critical confluence level comprising of 61.8% Fibonacci retracement of the advance, and wave (c) equal 0.618 x Wave (a). I took a loss on last week because I was initially labeled the correction as a regular flat...
Hey tradomaniacs, welcome to another free signal! Important: News from China caused a rising stock-market. In terms of correlation this move caused a fakeout for gold and could cause a continuation of sell-pressure until we see Trumps next tweet. ;-D ----------------------------- Type: Daytrade Sell here:...
GBPNZD, -has just broken Daily EMA200 & retrace to reject EMA200 to act as a dynamic support. -broken 0.5% Fibo and retraced back to 0.5 level so there's a high chance of it bouncing right off to head towards the next level of resistance. A buy stop is placed 10 pips above current resistance level on H4 , waiting the breakout to capture 50-100...
It can break up ...it can break down... I favour the upside since Trump is in Town!
NASDAQ:BIDU appears to be oversold and there is a possibility of one leg up in anticipation of Trump-Xi Meeting. Risky trade. Sell on a bounce. Keep a very tight stop loss
Running two shorts atm - 12079 and 11919 After yesterday almost flat range (kinda) of the DAX, I opened an extra short on top of my 12079 - Opened one literally 2 mins before Trump was tweeting , but even without that I was looking too short. Due to the news, it is hard to find the bottom at the moment. so my sentiment stays bearish - and a possible drive through...
When's a wedge a wedge and when is it a pennant formation? To answer this question:- #1 The wedge occurred post a trend-break which from experience is usually an ABCD down move at the minimum #2 The wedge is situated at a key interim support level (note the key SSR level at 2800) #3 Price action is now clustering below a new SSR level #4 Price action tried...
Hi everyone, We broke the triangle in favor of the US dollar. If the US/China trade talks go well on Friday we could see a come back from the MX peso. However, if we do not have good news on Friday, we could see soon the USDMXN around 19.50.
Deal or no deal. Price matters
Using Fib levels and Elliott waves sync'ed to past crashes. For the record only. www.marketwatch.com
Standart and poors. and the elect president Trump will make america poor again. Thanks to him. GOood Luck..
The SPXUSD (the perpetual contract of the SP 500) is somewhat of an indicator for domestic US investor sentiment. In comparison, I consider the DJIA to be an indicator of foreign capital flows to the US. The US appears to be triggered by the nomination of a Supreme Court judge, or rather, the slander and innuendo associated with the nomination... and despite all...
On the Daily, I found 4 fib relationships, on top, its at the 200, breaks then going long $DWT or $DRIP.
I wrote last week that many stock markets around the world were threatening downtrends. That down move materialized in ITA40, DE30EUR, EU50EUR, JP255USD, among others. These charts have heavy patterns, they all look as if they could give way at any moment. Yet US markets simply consolidated above their breakout areas. The markets are screaming at us that capital...
Let's keep an eye on the Fed's positioning after Trump's comments about interest rates.
CAD should outperform NZD over the coming weeks. Constructive NAFTA news suggests that the US may be getting closer to an acceptable agreement with its trading partners, which should lead to a continued re-pricing of the trade risk premium. Risks to a more dovish RBNZ continue, with the new Policy Targets Agreement likely to add a second employment mandate and...