Third time is the charm.
Along with OPEC meeting going on today. We get a positive decision for my case and they cut production.
I took off a third of my position at the 1.7270 level.
I am putting back on a full 1% with stops the same area.
Price has multiple wicks to the downside and broke out of consolidation on the lower timeframe.
Confirmed on the hourly breakout and has come to retest. Looking to go higher with stops below which would invalidate the set up.
TP 1 2.00
TP 2 is at 2.00500
Inverted XRP chart that if I were to see this I would be very bullish. So there is a high likelihood that we could sell down to previous lows for more accumulation to go higher. Back to the $.30 regions,
I have my position from $0.15 however the $0.18 region seems to be a resistance XRP has not been able to break. Stops at B/E.
The same channel has been respected and the monthly candle closed very bullish. Wicks suggest upside potential. However, we could see a dip to retest the $0.12 level. Daily candle closures suggest another downside move as double top with...
$20 could be the turn around for US as we could see a bounce back up to $40 from this region.
Price is wicking down to the $20 dollar region and instantly rebounding.
Possibly opec to cut production. Back to $40
Longs towards My daily level can be a potential retracement or potential to make newer highs. I don't know. This level is a level of value for me and I have gone long based on 4 hour Pin bar and lower time frame was used for execution. With that in mind fundamentally Iran may not be out of the hot seat. Stops are just below my weekly level or wick of pin bar.
Looking for shorts next week on Gold.
Last week it had its pull back or consolidation and I will be lookng for the next push down towards my first target of 1285.
Price has formed a pin bar on the 4hr and seems to be ready to sell off.
There will be a break down of the the lower time frames in the comments below.
Daily Time frame there was a bearish...
SP500 has rejected the resistance once again.
Could be looking to see Yen pairs strenthen in the up coming week.
Will be watching closely for the weekly closure to confirm my shorts.
Had a small position which was entered on the 4 hour chart. Will update as we go ahead.
Will be looking for shorts down to 1.84500 and will be monitoring reaction at the first supporting Trendline.
Could extend shorts further down to 1.82500.
- First must look for entry on pull back.
- Ideally price pulls back to retest consolidation zone entry @ - 1.85800 with a 60 pip risk. Just above pennant pattern that form.
- If price breaks back in to the...