So I have slightly widened the downward channel lines. Now it looks even better. We are at a very interesting point right now. We've got a lot of key levels and possible breakouts to both sides. It is quite difficult to make a call here, apart from watch the breakouts! You could, potentially, set yourself some BUY and SELL orders outside of the channel, because...
If your broker doesn't offer you to trade this, then I would recommend to find one that does. I think that this is an interesting tool to trade. This could be a potentially good trade to enter. VIX is sitting at its lows. With the upcoming events I could see it pushing higher. Now is good level to enter and aim at least to 12.000 level or even higher, if...
I posted this idea last week and still I think this could play out. SELL about now and run it till 1.12 at least. Keep an eye on the price action!
The market looks dull today. Or maybe it's just me... EURJPY. Triangle. Squeeze. Continuation to the upside? Maybe... Watch the breakouts... Keep an eye on the price action!
I understand, maybe it's not the most exciting to trade, but if there's opportunity, then we should take it. Potential BUY from now to at least 19.2. And if we close above that, then I wouldn't mind seeing it going to 38.2% or even 50%. But then again, be very careful, and have your stop at the previous lows. Keep an eye on the price action!
As you know, NFP is today. Will it give dollar a kick to the upside? I hope so (due to my trades =) ). I want to see a bit of recovery on it, before it heads even lower in the very long run. At least that's what I'm thinking. Ideally, I would like to see the 0.98 getting hit again. As always, be careful and keep an eye on the price action. Especially during the...
I know that there are experts who are bullish on the Euro and they say that it will continue its rise. Agree... probably it will...eventually. But for now, I'm kinda seeing a potential SHORTing opportunity. Oh, and also, we still haven't closed that big gap in April. Maybe it's time already? Have a look at the graph and let me know what you think. Keep an eye on...
Honestly, this one has been one of the most difficult one to understand, predict and trade. At least for me. What the hell does it want to do? I have no idea... I am somehow leaning towards the SELL side, but then again, this one keeps surprising me. It is still within the channel. Keep an eye on the price action!
Sooo... yeeeaah... SELL... If we break this steep channel. If it closes outside of it, then I would take a small SHORT position with a TP to about 0.86 and after that, observe what the hell it will do. Keep an eye on the price action!
If FTSE100 wants to continue rallying into the second half of the year, then, I think, we need a GOOD sell off. And why not to do it right now, before the General Election. Just to be clear, unlike my other posts, this one is just my preference and this idea isn't really supported by anything. So I would say that it's more of a gut feeling. So don't judge me too...
It seem like it’s time for Oil to retrace a bit. Today’s OPEC meeting can bring out news of increasing production of oil or something that would increase supply, which won’t be a very positive for the price. Also, looking at the Haiken Ashi analysis, it also looks like the Daily candle wants to turn red. We are also sitting next to the 200MA, which wants to...
Dax doesn't know where to go. At least it looks like that. Could potentially be forming a channel, from which it will want to breakout. You could try and play the boundaries, but better watch for a breakout. Keep an eye on the price action!
We are in an interesting position right now. It looks like it's getting into a little squeeze. Certainly, this is a bit difficult to make a call here without any proper confirmation. I am looking for a little break to the downside. If we get that, then I will look for a possible TP level, but for now it's around 124.1 . Keep an eye on the price action and the...
For all you coffee lovers, this is developing for a nice trade. I'm not going to over-complicate it with fundamentals, but because this commodity likes to be cyclical, we could see some nice move upwards in the second half of the year. But, of course, this is just speculation, as different political, economical and natural elements could change the game along the...
Looking at the 4 hour chart, then it seem as it wants to continue working upwards the channel. The Daily is telling us that if this 1257 level holds, then we could see some Selling (which I would prefer). It is difficult to predict here anything, but if it will close below the lower trend line, then it could be a nice sell position. Keep an eye on the price action!
Certainly, if we break the upper trend line to the upside, then I can throw away the whole shorting idea... for now. But! You can see that there's a little doji, that has formed on the 4h chart. And also we've are slightly overbought. I think it's a nice area for a little SHORT, at least to the lower trend line. But be careful. As always, keep an eye on the price action!
Could have some continuation to the downside. We have the ECB Monetary Policy Meeting Accounts at 12:30 UK time, so watch out for some possible volatility.