SPX500 an additional 2.78% increase. Rarely see double fractal movements in the exchange rates. Now that's what's happening. The current movement is a double wave structure fractal. The second wave structure is being built. Target price 2928 usd
We can see that price recently respected our resistance level even after a huge push up in the aftermath of the FOMC results which saw the USD weaken after the FED announced there would be no interest rate hikes this year... This was bad news for the USD which caused this bullish run.
Taking all this into account and the forever weakening of the USD and the US...
Some people a jumping for joy as there are minor corrections in the recent bull rebellion on Wall Street and S&P500. The bull trend which is visible to everybody on most time frames isn't over. Come on! In the video I show how this is one of the most powerful bullish recoveries in the history of Wall Street, and why I have no reason to think that that powerful...
BREAK AND RETEST
1.WAIT for a 4hr close above resistance zone
2.WAIT for retest back into or close enough to the zone .
3.Wait for some sort of rejection on the 30min or hourly.
4. Wait for price confirmation
The trend is your friend, it makes no sense to trade against it. my analysis is done according to momentum.
stops should be adjusted based...
Gold has been consolidating in a multitude of wedge patterns on the 1hr/4hr timeframes after the big drop in early march.
This is a bearish continuation set up for me as price is using before it will continue downward. This is a risky entry at the top of the 1hr wedge with a nice wick rejection candle.
Stop loss is places above previous 1hr highs.
We posted a short on this pairing a couple of days ago and we made 60 pips on it... so well done if you got on ;p
Now we can see that price broke a strong TL and strong resistance, we can see that price has broke this resistance and has come down and now tested it as support.
With the break of the trendline and resistance we can only see bullish movement from...
Trend line and resistance zone are being retested. If we close as a big bearish pin/ gravestone dog on the h1, we should be good to enter sells with very big risk reward. Stops 30-40 pips. Max target 200-210.
You can see from our support line ( green line ) that this is a VERY strong level that price has bounced of many times, Price has also bounced off this level this week and we can see a run up to our resistance zone ( green box )
Of course surrounding Brexit and businesses not knowing how the deal or no deal will affect them and trading then you have to be...
1304.041 is acting as a very strong level, this time it is been used as resistance, but you can see it has previously been used as support.
We also have a lovely trendline that has formed and this happens to be very close to our resistance level... this makes it a double strength setup... if this trade doesn't go bearish from here I will eat my hat ;p
We can see a trend line ( blue line ) that has been respected recently ( price coming down to touch it then bouncing ) And price has also been respecting our support/ resistance line ( green line ) you can also see this from where price has touched and bounced.
Price is currently at this level and is testing it as support, now we think price will bounce and make...