TradeTheStructure

TradeTheStructure

The NASDAQ finally took some heat out of the action with a savage move down from the open yesterday. Price never looked back to continue lower into the close as sellers beat up the bulls. With all the negativity generated into major indexes, the trend up remains in tact for now. Until we see a break down through the 11400 area, expect to see the party...

TradeTheStructure

The DOW could not push to new all time highs before some serious selling pressure stopped the music. The move down has some buyers concerned that we are about to take a beating but the trend up is still is tact. A move down through 27400 will change the tone dramatically and trigger another selloff but time will tell if new highs are still on the cards in the near...

TradeTheStructure

The SP500 shocked some bears into action with the savage move down off the highs but is it time to panic or just a clean out of late longs positions before continuation higher? For me, price will need to break down through 3390 before we expect to see some shorting opportunities. For now, it is still trend up and happy days until proven...

TradeTheStructure

The ASX200 is having a rough day as sellers beat up the bulls. Price has broken the uptrend but is holding above key support for now. A break down below 5850 and we may have a small problem but it will bring some volatility and good shorting opportunities. ------------------------------------------------------------- WE TRADE WHAT WE TEACH Check out our recent...

TradeTheStructure

Bitcoin was been hit down lower after buyers could not push prices higher through 12230 and ended getting squeezed out of the action on the break below 11000. Price now needs to hold the longer term MA and build a base around current levels before convincing buyers to have another crack at a another run higher....

TradeTheStructure

The ASX was hit hard yesterday only for the bulls to come back today and ramp prices back up....it is just like the selloff yesterday was a mistake...or the bulls took the day off. On the flip side, is the spike down yesterday a sign of some volatility to come. Price is now at an important level where we may see either a run back to 6200 or a lower high hold....

TradeTheStructure

Gold recently pushed up through 1957 out of contraction so we are eagerly awaiting for the coming expansionary phase to test or break the 2070 zone. Bulls and Gold bugs are licking their lips in anticipation and watching the retest closely. We expect that price will need a deeper move back below 1957 to clean out some more buyers before the move up can get...

TradeTheStructure

It seems that the ASX bulls are feeling left out as the US pushes to all time highs. Price is hovering just below the 6200 zone and continues to hold higher lows suggesting that a move up through the level is on the cards in the near term. If we see sellers start to get active up at current levels then watching for a lower high and move back down to clean out some...

TradeTheStructure

Ethereum is ready to fire as buyers hold the BidZone around 160.00 and start to test recent lower highs at 197.50. We are now watching for the shoulder entry (Higher low) to play out for evidence that buyers are ready to ramp price higher. If Ripple and Bitcoin get a run on then expect to see ETHUSD follow suit.

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The USDJPY has been holding above the 108.145 zone in a sign of strength as safe haven YEN buyers take a break and the USD rallies. There will be a few sellers that will be starting to feel the pinch if price pushes up through 108.890 so they will need to buy back their positions. Expect to see a squeeze up to 110.570 to extend the current leg higher.

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Gold has played out to plan as price kicks up through 1498, on the spot pricing, and out of contraction. We are now watching closely for evidence that buyers are diving in to support price and start the march higher so it is all about the trusty shoulder setup or higher low. If this plays out then happy to be a buyer for a push up to 1519 then 1554.

TradeTheStructure

Gold has been holding a BidZone around 1480 on the spot price for a while and looks set to make a run to the highs. Safe haven buyers have been stubbornly holding the zone and not getting flustered by the moves in the stock market and buoyant Trump tweets on trade. The key level is now 1498 and a break of this level should signal to bulls that the move is on....

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Crude Oil kicked off as expected through 54.90 and extended the leg up to 56.01 highs. We are now watching to see what happens on the pullback to see if buyers are going to show some interest around 55.00 and try for new highs. The current anchor to the move up is at 53.65 so there is a bit of room to contract lower before the buyers continue the move.

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The AUDJPY is hovering around previous highs at 74.450 but it is not clear yet who will win out between the buyers and the sellers. We are watching now for the potential for price to selloff from 74.450 as the daily action is extended into the zone...a lower high or shoulder will confirm the short thesis. On the opposing side will be for buyers to spike price...

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The USDJPY backed away from the 108.890 zone even as the USD rallied. The move is a strong sign of safe haven buying into the YEN to outweigh the move up in the dollar. Price looks set to push lower so we are looking for a break below 108.10 for a sell opportunity off a shoulder setup.

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The Pound did not take kindly to the news that Brexit may be delayed yet again as buyers were quick to lock away some gains as price spiked lower. There is still a lot of fuel built up from the BidZone and the 1.2200 area that could be the target for a squeeze lower off 1.3010. Of course a little bit of positive news could trigger further buying to target the...

TradeTheStructure

The ASX continues to be chopped around in random price action with a lot of entry setups failing to give much follow through. Bulls and bears continue to fight it out for control with neither side willing to give any ground just yet. The action continues to be dictated to by news headlines on trade and until we see any resolution, expect to see the action be...

TradeTheStructure

Crude oil is holding a higher level at 52.60 but buyers still have some work to do if price is to head higher through 55.00. Price pushed up out of its recent range between 52.60 and 53.60, only to find sellers step in below 54.90. We are now watching to see if the bulls can build a bid around the current levels that may take price up and through 54.90. Price is...