Facebook seems to have a dark cloud looming above them. They had a very strong bullish trend since going public and all has been smooth sailing for them, buying competition pretty much helped them a lot. I am expecting bears to take control of this pair for some time to come. Price failed to penetrate the trendline, turning that old support into resistance. Enjoy...
We have been trading withing an ascending channel since the big drop in the beginning of January 2014, with a series of higher lows respecting the ascending channel support. The time has come for a break out and that we see with the initial fake break out to the downside. We will soon break up to the levels in the 0.820000 - 0.82500 range. Unlike most times, I...
Still bullish on the pound and I have clearly identified an order block above the channel we have been trading in. You can open longs on this pair to take your profits above once price crosses over the 2.0000 - 2.04444 area
We have not yet seen a close above the 78.989 level so one cannot be fully bullish on this currency as it seems hard for investors to commit themselves going long near the 78 level. With the unease that currently looms over the Greenback, any negative reports will not crash the dollar completely as it will always reign supreme. I have not fully understood ...
We may just see a massive break to the upside with with pair chasing that 50% Fibonacci retracement level with expected confluences at that 1.13600 - 1.50000 level(38.2/78.6 % Fib Retaracement). Now this contradicts my long term bullish analysis on gold but which ever set up fails breads opportunity to jump onto the other.
I will be looking to short XAUUSD from around the 23.6 Fibonacci Level at around the price 1335.00 - 1336.00 level at London open if price action permits, targeting the 38.2 Fibonacci level at around the price 1316.00 - 1317.00. I will however, trail this position from 1330.00 figure and below as things may just get choppy going lower or in those 1320.00 - 1329.00...
Price bounced off the 1355.00 level, a very clear rejection from the descending channel resistance line at London Open this Morning(Rejection came expected, check previous published idea, channel is still visible on the monthly chart). I am still Very Bullish on this pair/instrument and am hoping to see a rising wedge form going on, which will pierce price through...
Will this Bearish Channel hold or will price break above to break the inverted head and shoulder neckline I mentioned in my previous XAUUSD_Bullish Long Term overview idea I published yesterday, this is a zoomed in version of the chart, this channel is visible on that published idea too. This channel was formed from the 2018/01/25 high (1366.00), and the...
Could we see Gold(XAUUSD) reaching for new highs on the higher timeframe? I surely do have confidence in the pair pushing all the way up to your 1360.00 - 1365.00 level. Long way to go but I am looking to see some spiked volatility(continuation of last Thursday Morning/Wednesday Night rally) as trade war reports keep coming. As we can see, we are currently at the...
Based on the Fibonacci Retracement entry program, bitcoin is bound to rally up pretty soon. It only takes a couple fundamental announcements to trigger a massive buy program. Be on the lookout in case this 61.8 level holds as we failed to close below that level on both the weekly and monthly candlestick charts
My Long Term View on EURUSD going forth, we will be looking to make higher highs in the future. Highly unlikely that this pair visits the 61.8 fibonacci level before getting to either the 88.9 or 100.0. Let's see how this goes
Updates to come in future
