Strong RgMov Uptrend + CCI Oversold Divergence. This could make for a quick impulse. Was able to catch this at a good price so dont rush to get in. Wait for a dip and monitor.
Divergence spotted with a massive Range expansion bar to the downside. Good luck
Strong RgMov uptrend + Oversold CCI. Oil falling and strong EUR data will help push this pair higher in the coming days. OPEC did state they plan to cut output in Nov. but they have also been saying they would cut production for a long time.
Explosion Pattern spotted. Once below the orange support we should fall rather quickly. Good luck
I would always rather be stopped out following a trend than bet against a trend. Keep that in mind with the pound.
RgMov trend changed but I do expect a pretty sharp rebound before we can go any further. The spike below the brexit day low, seems to have been a stop loss hunt. As long as we stay above the brexit day low, we should be okay to hold longs.
Lets see if INTC can hold here. Likewise failure we would likely see a retest of the KEL. Earnings very soon so be cautious.
Bounce off the KEL. Expecting RgMov to push up from here higher and CCI to return to OB levels. Stops below KEL's, TP near upper KEL or last high if fails to break. Good luck!
Should start thinking about what positions you have in now that are dollar short themed and look to close them up. Looks like we could potentially have a rally through election period. Despite downside attempts, DXY has sustained above 95 level. Upside to 100+ can be seen Also note where the technicals are. Key level today. Inside trendline broken.
Time to track GBP pairs. Lets watch this develop over the next few days
Good to go long here before the move gets going too far. Technicals on the chart
RSI holding below 70 levels MacD in negative territory Perfect .5 retracement of the initial down move. Breaks above .5 will invalidate this idea. 1618 EXT Target
Oversold in an RgMov uptrend. This level may provide an area for longs. Let see how it develops
Another potential idea discussed live in the "Key Hidden Levels" chat. If we break above current KEL resistance we can trail as high as 77.87 RgMov Uptrend CCI Sustaining upper quadrant. Good to long at market with stops below yesterdays low.
With NKE reporting 1% downgrade in forecasted growth potential, may be a good idea to focus our attention on one of their competitors. Small risk here as I do not want to see the price trail below the option support. Going for the two KEL levels as shown.
Looks good to buy GBPCHF on dips. will update as we go.
I think the mode resistance will hold here and we will see a nice drop. Goes against RgMov - Need more evidence to hold Massive Bearish Divergence spotted on CCI. DXY Falling. - See related post *Position Trade* Will monitor throughout and periodically close/ reopen as long as conditions remain the same. *More updates to come* -Alex