here we can see DXY is showing a Bullish Divergence with MACD in Daily Time Frame as it is a regular divergence so it can be a sign of trend reversal and start of a rally to its previews higher points and resistances i have specified the Minimum retracement levels by Fibonacci retracement tool and the levels are combined with Price Action analysis. we can use...
An ABCD Pattern is not usually the setup I'm looked at, but when it is spotted, there's a good reason to look for a trading opportunity, once the candle has show confirmation of its trend. At this moment, we have an inverted ascending triangle and it is perfect for counter-trend and breakout traders to look at this trade. If the trendline is not broken, I'll wait...
On the 4-hourly and daily chart, the USDJPY is going for a bearish run, however, countertrend and harmonic patterns traders you can wait for a countertrend trade of a bullish bat pattern for a buying opportunity. Think twice before you engage the trade as target2 gives you only 40pips of potential profits and we have not factored in the spread.
The resistance line at 104.21 or the trendline setup for a shorting opportunity for trend traders. Last Thursday and Friday have a clear demonstration of a weak movement on USDJPY, on the following week it may give us more clue of the movement for this pair for the next 2 weeks.
This currently shows, who might win the #USElections2020.....
Why are we selling? Updates in bold Price is expensive and volatile - during the election process in the US, the worlds relationships are affected The election is coming closer <8 days. The S&P500 and NAS100 are not shown here but use reference for our previous ideas to show where price has reached our over exposed markers. The stocks have recovered well...
Same description as previous - as it still stands. We have our sells activated - the reason behind this is looking on the weekly timeframe - the wicks have been removed by the recent candle closes on the daily. Trade 1 has been taken, Trade 2 - un-activated - as price may attempt to settle around 72. XX Upcoming We will share our new analysis for DAX30...
Last week, we had shared our trade ideas with our community(check the link at the bottom), for traders who had missed the opportunity could wait for the retracement back to the bearish trendline for a shorting opportunity. In order to do that, you have to make sure that the candle does not break and close above the red trendline.
Gold is completing a correction and setting up for a move to the downside Share thoughts in the comments. Like and follow Good Luck
Last week on the Weekly Market Analysis we have shared that is a likelihood a break and close below structure low(link at bottom). Traders that had not short can wait for market retest at 104.19 or the trendline retest of a shorting opportunity.
GBPUSD is at the major resistance of the Daily Chart, a great consideration for a counter-trend trade, on the 1-hourly chart the same level marks the completion of the Bearish Shark pattern. I will wait for the market open to observe if there's any gap when the market open, what's caused by the US Election Results.
EURUSD is at daily chart structure high which gives counter-trend traders a good opportunity for shorting opportunity. Trend Traders can wait for candle consolidation at 1.1814 for a buying opportunity.
Will Biden victory reduce gold or increase the price of gold ?! We will see in the chart together! Read my previous analysis of the Dollar Index (DXY).
Currently, I reckon Biden most likely will fall to 49, and President Trump will go up to 45. Place your bets, ladies, and gentlemen! My watchlist for election day: - XAU/USD If President Trump wins, my XAU/USD sentiment is super bearish. - US30 If President Trump wins, my US30 sentiment is super bullish. - USD/JPY If President Trump wins, my USD/JPY sentiment...
As shown in the chart Crude Short to Medium Term the trend is lower. Only sustain trading above $45 negate the downtrend.
BTC.D Daily charts reached to top as I told you on other idea linked below.. If TODAYS's candle closes below 64.7 that means the rejection price action for the bull move on BTC.D and I'll open positions on Strong Alt-Coins.. Something really important that you shouldn't forget on these important US elections.. that the market is under the influence of strong...