Let the graph do the talking... wheres the fun in that. - RSI triangle breakout forming - Monthly resistance holding three times - Resistance areas, potential take profit area's= 1.425, 1.45
Hi traders, There are hundreds, if not thousands, of trades posted on Trading View every day. Some are hunches of what the market MIGHT do, others set definitive entry points and profit targets, and others anticipate the completion of certain patterns. But how do we separate the wheat from the dross? I want to be as transparent and accountable with my...
1318-1327 swing is possible, but I'm also expecting a drop to 1305 in a few days (maybe even today). I'll long if it bounces from 1300 and put TP to.. well, sky is the limit ;) Nevertheless, I'll have my SL at 1295 because I suspect price might go for 0,618 which is 1297. If it breaks 1297 downwards, then 1275 gets on the table and I'll be cautious arond those...
So we're going into earnings and a lot of people are saying long MSFT. I honestly cannot see the appeal in this. Earnings play maybe but the current chart is very much bearish and is following history. It was in a downwards trend as you can see with my channel but broke out. I think it will use the top as support if not break through it to cover some gaps. I'm...
Since mid-July the 3-Month T-bill yield has been trending upwards on quarterly basis (broke out from the 1st standard deviation from 66-day mean amid expanding volatility) The yield is a choppy instrument, however current uptrend (if it holds) may actually signal Federal Reserve rate hike expectations by institutional market participants. 3-Month T-bill is...
Chart says it all Tweezer double bottom forming on AUDUSD.
Looking at the monthly chart we see a strong support at 1180 USD forming the lower side of the descending triangle with the downwards trend line on top. If the support at 1040 USD falls, lower targets get activated. 1042 could be a short stop an its way down to levels around 800 USD or even more likely 700 USD. If price breaks through the upper trend line, higher...