Bitcoin has continued to impress after last year's drop. We're now approaching a key resistance. We might get a retracement here or a likely continuation to the golden box area, but overall Bitcoin looks bullish with a lot of upside potential. We're looking at buying the dips.
GBPJPY Could be dropping back to daily support levels. Just as shown on the charts, GBPJPY has failed to make fresh heights for the second time, leaving us with a beautiful AB=CD pattern with bearish momentum after being rejected from the 50% Fib retracement. We could take this as an opportunity to sell.
GBPAUD it's currently trading under heavy selling pressure. Here's a trade for next week. We'll expect a pullback to the sell area for a 50-60% retracement and then short withing this area targeting lower levels.
After gold rallied to yearly highs due to geopolitical tension, the price of the shinny metal went on a selloff after the deescalation of the matter. Gold will continue to selloff, but after that huge drop, it'll need a 30% to 50% retacement before we can look for a sell.
GBPCHF has broken the daily trend line, this will trigger a huge selloff against the CHF which is also considered a safe heaven, and In case you've just woken up there's a lot going on between the US and Iran, like the possibility of a war. This keep boosting safe heavens even further. I highly don't recommend shorting any safe heavens, such as JPY, CHF, Gold and...
As shown on the chart, the GBPUSD has reached the top of the daily descending channel. We expect bearish signals from here, possibly triggering further downwards momentum. the ongoing pessimism about post brexit Britain might continue this selloff to even lower prices.
Simple trend based Idea yet effective.
Natural gas has reached 4 year lows for the second time this year. Dovish reports on the NatGas has it's prices obliterated by heavy pessimism compared to previous years. Even though the sentiment is bearish, the technical analysis indicates that there'll be a strong pull back anytime soon.
USDJPY has failed to breakout on multiple times after breaking out of an uptrend to the down side on the lower time frames. US-Shino trade optimism has kept the USD hoovering around the same price not giving much clue of where it's heading on the lower time frames. But If we look at the higher time frames, such as the 1D and 1W time frames we can see it clearly....
As shown on the chart, CHFJPY has broken out of a bullish triangle on the Monthly chart, signalling a lot of bullish momentum for next year. It seems like the return of the safe heavens have given the CHF the strength to break free from the JPY oppression. CHF is now threatening with reaching historic heights on the years to come. I recommend buying the dips at key levels.
As shown on the chart. The Cable has gained some strength after a heavy beating coming from Brexit pessimism. We're looking at a retracement that might test previous levels before we fall into heavy selling pressure again.
Silver has finally broken out of consolidation and it's showing strength just like other metals, such as gold. On this Idea I'm updating our previous idea and I'm also upgrading the previous long idea which has now touched our Take profit and could be achieved as a successful trade.
To complete the structure we need a pullback to lower prices, most likely to the...