Here we can see a possible descending triangle formation. The structure could breakout to new highs. However, in the interim whilst US30 is making a bullish flag I expect a temporary downtrend within the triangle.
If there is negative news regarding the on-going trade war between the US and China, we could see these "safe haven" commodities make newer...
As AUDNZD has been moving sideways since mid 2014, I expect this pattern to continue with this recent breakout on the daily chart. This could continue until it hits the upper trend line in time which leads into a historical channel.
We have 4H confirmation of this trend, awaiting the daily candle to close above 1.0468.
SL: 1.044 (varies depending on...
Not financial advice.
- Go long around 1.316
- Take profit at any resistance point thereafter or according to the fib retracements depending on your trading strategy/style
- Set a relatively tight stop around 1.31 according to your risk management
Personally i'm going to be aiming for the 61.80 golden ratio around 1.335 with a stop at 1.31.
With the DXY...
Using the Fibonacci indicator as our target for 38.2% level at 0.6668, this could provide for a good long swing opportunity around the low 0.662 range. With a tight stop at 0.661, the R/R is 2.87 for this trade.
***Not financial advice
##Not financial advice##
If the breakout of this channel is rejected, this could be a good opportunity to enter a short around the 1.12 region after a rejection has been confirmed.
But will it breakout?
****This is not financial advice!
So i was looking for some good charts to place a position seeming as the whole BTCUSD volatility certainly did its work on ALT's and i came across KMDBTC. This project has good fundamentals and better yet, a great chart setup!
In this short term at least it looks to be forming at symmetrical triangle on the hourly. With that...
****This is not financial advice and my own opinions. You need to do your own research and diligence prior to entering a trade.
We can see following the trend lines that we are approaching the base of this declining wave. If we bounce off the bottom this could be a very good opportunity for a 25-30% gain if you wish to take profits prior to testing the upper...
This is not financial advice!
RCNBTC has been forming a bit of a cup and handle over the last few months and now coming off the handle were seeing a ascending triangle thats looking bullish!
I expect to see a 2x bounce off the triangle prior to breakout which could be within the next 24-48 hours. This is broad i know, but it should be around May the 4th.
This is not financial advice.
The support around the 112490 mark is strong forming the head but could still fall through if the buy volume isn't there. The shoulders could be made between the two support lines at 114670 and 115990. An upwards trend could follow on the Elliot Correction.
For those of you that have seen my previous post on NANO, we did fall...
This is not financial advice.
Indicated in the short position could be a good opportunity for a 5%-10% gain.
If the breakthrough at 135000 occurs in my opinion we could be off to the races up to ~150000 based on what has happened historically.
Depending on what happens with BTC and the rise that could occur, this could setback NANO/ALT's during that...