SUPPORT BROKEN. LOOKING FOR PRICE ACTION AROUND RETESTING THIS LEVEL. IF REVERSE THEN SELL.
CONTINOUS DOWNTREND. BOUNCED OF RESISTANCE WITH 4 HOURLY BEARISH ENGULFING. WILL BE WATCHING THIS 4HOUR CLOSE.
NICE BULLISH ENGULFING CANDLE. OFFERS NICE PUSH UP TO 61.8 FIB AND THEN FURTHER DOWNSIDE I SEE. WEEKLY CANDLES BECOMING LESS BEARISH, ALSO THIS WEEKS CLOSING WITH A LARGE SHADOW WEEK.
LOOKING LIKELY TO SEE A STOP HUNT BEFORE ROCKETING. HIGHLIGHT AREA FOR BUY AREAS.
OIL !! BULLISH TILL ITS NOT ! DAILY CLOSE AND WEEKLY CLOSE IS CERTAINLY A BEARISH SIGN. PLAN FOR NEXT WEEK IS TO WATCH THE PINK ARROWS AND PRICE ACTION AROUND BOXES AREAS. RETEST SUPPORT AND DROP OR BREAK THROUGH TO NEW HIGHS. ALL BASED AROUND TRUMP AND OPEC. HIS PREVIOUS TWEET MADE THE MARKET DROP BUT IT RECOVERED.
SUPPORT AT 1282 BROKEN, LOOKING FOR LONG UP TO RESISTANCE NOW.
HOURLY SELL. SHOULD REACT NEGATIVE A THIS REGION AND PUSH DOWN. QUICK TARGET BUT COULD GO FURTHER.
BULLISH ON OIL STILL. IF WE DROP AND RETEST PREVIOUS SUPPORT WILL BE NICE POSITION FOR LONG UP TO PREVIOUS SUPPORT.
QUICK UPWARDS SPIKE. BROKE RESISTANCE, BACK DOWN TO RETEST RIGHT NOW. LETS SEE HOW THIS CLOSES.
SILVER LINE, TWO DAYS HAS REJECTED PREVIOUS RESISTANCE. NO ACTING AS SUPPORT NEEDS TO PRINT HIGHER HIGH AND THEN ENTRY IS ON RETEST.
So interesting point in gold here. Bounced nicely from the trend line. now looks bullish to me up to 1304 mark. From there it will be interesting to see if this has momentum to push up to 1320 resistance or bounce and take long term bearish to 1200 mark.
See notes. momentum slowed on down movement approaching the 888 support. could be nice entry for long to test 913 area and onwards. Watching the following 6 hour candles for behaviour.
COMING UP TO TEST PREVIOUS RESISTANCE. EUROS WEAK CURRENTLY ON THE DOWNTREND. SHOULD BE AN EASY PLAY. ENTRY IS KEY. WILL NEED TO WATCH CLOSELY HOW THE CANDLES ARE REACTING AROUND THE 1.5065-1.509 RANGE.
WATCHING THIS PAIR. AT LOWER END OF RANGE. YESTERDAY HAD A NICE LONG WICK ON THIS CANDLE. LETS SEE IF A BOUNCE CAN BE SEEN. IDEALLY LOOKING FOR A SLOW DOWN IN BEARISH CANDLES AND THEN DOJI WITH CONFIRMATION .
QUICK MOVE. SMALL POSITION SIZE SCALP. FAKEOUT AND CLOSE BACK INTO TRIANGLE SHOWS SIGNS OF CONTINUOUS DOWN TREND, AS WITH CRYPTO MOVES CAN BE QUICK. SO IM TAKING A SMALL SHORT HERE TO SEE IF THIS BREAKS. RISK MANAGEMENT WITH CRYPTO SHOULD BE 25% OF WHAT YOU WOULD USUALLY TRDE WITH AS SPIKES CAN HIT YOUR STOPS A LOT EASIER THAN IN TRADITIONAL MARKETS. IF...