GeneraldisastersInc

GeneraldisastersInc

Head and Shoulders and descending triangle show a possible scenario looking forward for Oil. Look for breakout around 5-6 may. Significant break of white line upwards would invalidate both patterns.

GeneraldisastersInc

Broke out then retested and held. This is a new limited bull trend starting on the 4h.

GeneraldisastersInc

After breaking the bearish trend a Head and Shoulders is forming as the possible start of a bullish trend.

GeneraldisastersInc Updated 

Not quite confirmed yet, it can bounce from either the support or the downtrend line. This is part of a downtrend and can be a major leg down. Put in a sell stop at around 1.4525. Can also be seen as a Head and Shoulders with neckline right at this point.

GeneraldisastersInc

Head and Shoulders pattern at the top of the uptrend opening for a short to the bottom of the channel.

GeneraldisastersInc Updated 

Has retraced and hit bottom of channel. Expecting this to be the start of a new bull trend.

GeneraldisastersInc Updated 

Hitting 6 month resistance. Has some way more to go, will add to position if it continues up towards next resistance level.

GeneraldisastersInc Updated 

Can go either way, but the upside is much greater than the downside, so I am compelled to take this one. Will set both TP and SL.

GeneraldisastersInc Updated 

Going long as support has held, and it's moving north towards top of channel.

GeneraldisastersInc Updated 

Not a very complicated trade, NYSE:DIS bounced off support a few times while in a bear market.

GeneraldisastersInc

Descending triangle is normally bearish indicator. But I am open to this going both ways. Will have to wait - not too long.

GeneraldisastersInc Updated 

Been hunting a short for GBPJPY. Its currently showing a negative divergence so the entry is looking very likely now or very soon. Could wait for a lower high or two to give a good confirmation.

GeneraldisastersInc

Its failed to break for a new high once already. Its looking weaker at the moment, while oil has found a temporary bottom. This adds to earlier idea about being bearish on gold.

GeneraldisastersInc

Its broken through one trendline and barely holding on the other. Not sure if it will break or hold at the moment. A breakout would be a fair change of trend.

GeneraldisastersInc

I was hesitant to call for a breakout of EURNZD on the 8th of feb, and at the time I would still argue I was right. However it has now definitely broken out and confirmed it very clearly by bouncing off the new resistance. My new thought is that a new channel has been created shown by the blue lines. This might bring us up to at least around 1.73.

GeneraldisastersInc Updated 

Some people think that gold has already broken out. I am not so sure. It depends which of the two, black or blue which is the real trendline. My bet is on going short, luckily the stops can be set very tight at this level.

GeneraldisastersInc

The JPY's have been mostly bullish lately, so my guess would be to the upside. The next news events might help make a push to either side.

GeneraldisastersInc Updated 

USDJPY bounces off horizontal trendline. Expect it to continue bullish trend.