GBPUSD bearish divergence. Brexit failed again. Bad fundamental news for GBP. Expecting GBP to plummet.
DXY getting stronger. USDCHF broke out of the resistance and is retesting the resistance now. Targets will be posted. Good time to go long now.
Huge rising wedge. Double top for WTI where the previous resistance was during the previous downtrend. Should see a drop. Will short once we get a break and close below the support zone. First target will be the green box. Good opportunity.
DXY has a bearish divergence. GBP hit the bottom of the channel. Also a bullish divergence on GBP. GBP/USD should be moving up. First target is the green line. Stop loss below the short term support (black diagonal line).
We were in a bearish wedge. Broke downwards from it. It was bought back up however we can deem the red box a supply zone and therefore a potential drop can occur once we hit it. Stop loss at 54.7.
Short oil, bearish divergence has been going on for the previous 4 highs. Stop loss above previous high.
Waiting for a retrace to the previous resistance. If it becomes support then will buy in. Due to DXY moving up, XAU is moving down. This gives us a good opportunity to long.
Broke out of channel. Should be seeing bottom target being hit. Will take profits at that level. If we get a bounce from that level, will go long from there. Otherwise, will short to the red dotted line.
Can see a clear falling wedge on bitmex. Expecting a $500 increase in price once we get a breakout. Have buy orders set at 3620 on bitmex.
First forex trade, will see how it goes. Looks like we hit the top of the channel and were pushed down very rapidly. Good time to go short, stop loss above the channel. Targets are blue lines. Expecting to see a 0.04 drop once the support of the rising wedge is broken.
Here is a trade on crude oil. Very simple, an inverted H&S pattern with a bullish divergence on the RSI and Stoch. Will wait for the right shoulder to fully form. Have a buy order set in at $50.4 with another buy order set in at $49.8. Once the neckline is broken (54.6) I will then buy even more. TP targets: 1 - 58.10 2 - 63.8 3 - 65.7 Stop loss at: 49.5
Hidden bullish divergence. Bounce from bottom of channel. Room for further upwards movement. Stop loss 3400.
Bearish wedge forming. Bearish divergence on 4 hour stoch. Should see further downwards movement. Expecting a $210 drop after we break out of the wedge.
Bearish divergence on the Stoch. Doesn't look like enough buying power to get above 1300. Should see a re-test of previous resistance/supports (red lines).
As my previous post says. BTC is looking to move down due to bearish divergence, we were hit with the bull trap. Now we just wait for the drop to occur. However, XRP has strong support at 0.33-0.34 cents. If BTC drops, the satoshi level for XRP should be moving up to keep the support at 33 cents. However, one does not trade a pattern until a breakout does...
Forming higher highs on price charts but stoch is forming lower highs. Clear bearish divergence. Should be moving down. Probably going to get a bull trap before a very strong movement down. Would fit perfectly in with the bitfinex maintenance as most people will still be in their longs, therefore their longs will get liquidated and price will drop further down....
We broke the downtrend earlier, formed a bearish rising wedge, Dropped from the wedge into the forming of a falling wedge. If the 4 hour closes above the dotted line, we could begin to move up. Stop loss underneath the falling wedge's dotted line. Be careful of bear traps, seem to be happening a lot now.
As you can see, we have a falling wedge forming with the previous resistance becoming support. Clear move here. High risk: Long now, either sell at the top of the falling wedge if we don't break out upwards or keep it running if we do break out upwards. Long more once we break out upwards/re-test the falling wedge previous resistance zone. Medium risk: Long...