After a very large and strong bull momentum, it's time for me to start a short position to look for a pullback of at least 50% Fibonacci level. Great Trade !
Following an explosive surge that propelled Cocoa ( NYSE:CC ) to the $1000 mark, the price is now encountering resistance around this significant psychological level. Observing this resistance, there's anticipation for a correction towards the area of interest defined by my TP zone. While a revisit to the $1000 level in the coming days is plausible, it's probable...
USDCAD finally made up its mind in which direction it want so go now I wanna see price come back down and retest 1.3521 area before continuing up to test 1.3637
EURCAD this setup isnt an A+ setup but it was still worth taking so lets see what happens
NZDJPY this is my next setup looking to take NJ to 87.24
US OIL is bullish on the 4hr and has made a slight pull back and then formed a bullish candlestick pattern where i took an entry from.
AUDCAD daily trend is down price made a pull back in the 4hr resistance zone dropped down and formed a lower high and a lower low so now all im waiting on is a candlestick formation to show me bearish momentum then im jumping in short.
EURUSD has a lot of confluences at the moment which made this trade feel very comfortable to take.
Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Are you looking to make a trade out of Easter weekend? Look no further than Cocoa futures, or chocolate. Cocoa is a soft commodity that...
This analysis is purely based on TA. The bottom pane indicator represents peaks and troughs of the dollar's correlation with BTC, but the dollar is valued against bonds and gold. This is due to it showing the demand for cash/capital against safe heavens, therefore illustrating the beginning and ends of different economic cycles (states). - Works by showing...
An idea showing two directions up in green, down in red. My bearish side tells me that price is "rolling over" and turning towards the bearish side (red) Bulls want to continue the trend of creating higher lows
Since mid-September CC has started an up-trending channel reaching above 2600. This is usually Put range to me: specs tend to sell at these levels reason being short term it is a peak. I would not be surprised if it would not hold. Would be interesting to see the put/call ratio at this level. On the other hand, much has been said about recession in these last...
the current pattern is considered a bearish pattern, volume becomes a key indicator. If volume breaks to the sell side, then there is a sell-off. I doubt such a move on a commodity, would not be surprised if it was a stock. This morning Reuters published how the energy crisis is hurting heavy industries such as BASF and other german companies, this no doubt is a...
cocoa was ranging since the beginning of 2017. In June 2022 CC broke the 209 SMA with a high volume. after that CC keeps testing the downline of the range. a breakthrough that line would signal a substantial short opportunity. it is taking into consideration the rsi that is under the 50% Line. Let's see what Cocoa will do in the following weeks.
On the daily graph, #CC is attempting a break-out from its mid-February downhill from 2800 down to 2250. It has tried monthly to break through that resistance (RED) and failed, it is now on 9th of august attempting yet again. However, this time it looks more supportive as its MACD has turned positive since mid-July and better buy volumes also. Its short term...
I will start with Base Support (SB) which in my last analysis I said: ‘Base Support SB at 2315 still holds, if this breaks next support would be around 2200 ($80q) followed by 2150.’ On July 1, the price of CC touched the base support level, and bounced back up only to fall on July 7th again and close the week on the SB level. This is clearly not a positive and...
Cocoa remains under strong downward pressure since May. It has failed to break above slope D. The averages are also holding a downtrend. SB base support at 2315 still holds, if this breaks the next support would be around 2200 ($80q) followed by 2150. MACD is approaching its first bounce level of -40, could make an attempt higher. Keep this in sight. If this...
I'm looking for this bat coming into the CC, would cause a higher low, and it's very probable to bounce from there. We also have an older range POC with the untapped Daily level just below that. For timing, I got 2 time fibs pulls that are pretty close to each other. My names Jeff