Strong Bulls are always looking to buy. Strong Bears are always looking to sell. Weak Bulls and Weak Bears are usually indecisive and wait until its too late, entering at the worst possible time. In general, Strong Bulls sell to Weak Bears, and Strong Bears buy from Weak Bulls. When both Strong Bulls and Strong Bears sell (strong bulls to take profits, and...
The Aussie dollar will most likely continue to weaken, due to the low employment rate in Australia. On the chart we can also see that after multiple bounces on the trendlines, AUD now finally got enough sell momentum to continue down. Happy trading!
S&P New All Time Highs - Risky Buy The Emini and S&P 500 made a new all time high again today, leading many to believe this market is still strong. In some ways it is, but it is more important to realize it is also in a bull flag trading range. This makes it a risky place to buy up here. This is where strong bulls who bought lower will start looking to take...
A weak daily chart showing the bears have an upper hand until a whale or bot pumps against all ordinary expectations. Will keep an eye on $9500 BTC resistance break otherwise if the MACD daily crosses the bulls are toast yet again.
Hello traders. During the London session this morning we are seeing consistent strength in the Swiss Frank with all pairs increasing in value. Meanwhile the opposite is true for the Japanese Yen - all pairs are down making the Yen weak. The result of strong vs weak is a trend. Our pick today is the CHF/JPY pair for a long position. Here's why.. CHF Pairs:...
30/May/2019 10:15 AM INCREDIBLY WEAK NAME HERE. LONG AS LONG AS ABOVE YESTERDAYS LOW. SMALL POSITION SIZE, TARGETING A V BOTTOM. ODDS OF SUCCESS ARE SLIM TO NONE GIVEN THE HISTORICAL WEAKNESS OF THIS NAME. NOT ACTUALLY TAKING THIS TRADE. BUT LOGGING THE IDEA. REALLY IS POOR RISK MGMT TO GO LONG SUCH A WEAK NAME AND SECTOR. BUT MOMO IS THERE WHEN THIS DOES SWING...
SPY testing at 280, unsure if it can break or not. Just like everyone is speculating, if the deal with China gets done then we'll most likely break 280. If it doesnt get resolved, one of two things: keep testing at 280 for a long period of time or starting downtrend to 260 level; if not a massive correction. Death cross coming up in 1 hr chart if downtrend does...
The Bears need a close below 3495.50 to be taken seriously on BTC.
big engulfing candle (bearish) on Weekly timeframe Sell on rally would be the best option the target should be at round number 1.30000 if it close below 1.30000, then we expect further downside to 1.2980-1.2853 CHEERS!!!
Greetings members and guests PLEASE hit the Thumbs Up button on the right to show some support and love ------------------------->>>>>> ^^^^^^^^ <<<<< Comments and questions are welcomed below, please feel free to ASK anything! HOW TO TRADE THIS CHART? First like/thumbs up the chart then read below..... The AUD/NZD is in our sights, waiting for a...
Momentum is weak and the trend is sideways. Not much indication for this range-bound price action to change any time soon. The ADX is falling and the directional index lines are knotting up. Not much to go on here. Hold.
$ITB just broke below support with 2.46x average volume. Its weak, more downside could follow. 12/21 put at $1.17
There are many trading strategies out there in the world but it all does not suit us perfectly!. Therefore we end up looking for a new or revised strategy and customize it to our needs. Here i am going to explain one of the best strategy to approach the market when one FX currency has been showing bullishness both fundamentally and technically as well as...
I'm calling short on this one. US economy is strong, the Dollar will likely continue to rise in value. Various geopolitical reasons are weakening Europe. We've had a decent rally over the past few days, which I think will be short lived. Rejected hard off the upper Bollinger band, and hit a green 9 on the sequential indicator. The bulls must retain support above...
Towards the end of last week, we saw some weakness on the US dollar across many of its pairs. This has given us some signs the dollar strength and bull run may be running out of steam but I would not short the US Dollar just yet. This weakness saw this pair gain 50 PIPs on Friday which gave a strong finish for the week. So far today there has not been a lot of...
Been a while since I did some TA for Bitcoin! My outlook remains bearish as it has done for the past 4 months. It seems clear that we are ready to breakdown from a Descending Triangle which I'm sure everyone sees. There's possibly a trade soon as the RSI looks almost oversold and I expect a small rally up soon. But Bitcoin -2.35% 0.30% looks pretty weak right now...
With pound has so many news coming this week, seeing this pair I am bias to sell the weak sterling ahead of it's second Brexit's news. TP 1 = 1.9375 TP 2 = 1.9300 TP 3 = 1.9100
On the weekly chart we are heading for the lowest volume week since February 2017 where the price closed at ~1350. I don't have any price targets for you or anything like that, but I just wanted to point out the apparent weakness of the current "rally". Please do your own analysis to find entry/exits. Have a wonderful weekend!