TVC:DXY has been continuously falling since mid *Dec 2016 and currently there are no signs of this downtrend reversal. The minor bearish Wolfe wave is currently shaping and once formed, it can become an interesting sell entry point. GL and profitable trades!
Corrective structure close to major resistance. Mid term and short term buyers can look to buy pullbacks into corrective structure bottom.
As I mentioned in the chart, XAUUSD is doing an Elliott Triangle Wave in a closing wedge, it is likely to break from top and (E) point might be a good long entry.
$usdcad moving into a channel. Long position in mid-term.
CHK had strong downward channel trend that turned around in Feb 2016. Ascending triangle pattern formation, on monthly, weekly and daily timeframes, for long-term swing in price to break upper resistance @ ~$8.00 (this is daily chart). Again, RSI has been so graceful in confirming possible short or long entries for the whole duration of the triangle's...
Pre-Inauguration Trade should be much violent for any currency pair Especially USDJPY Furthermore, an upcoming week is full of important economic US news on focus. Without Japan's important economic announcement, it is likely that USDJPY will be mostly driven by US Dollar Index force. So, big opportunity Next Week! Analysis Expect Bullish Three Drives with...
Sell position is very dangerous now. All major currencies will describe directions soon. I think this time to move up.
I don't think the price reach 1300 this week but a long is good with 1273 of target, then will see. hard to break 1300 level.
For almost a month we had a breakout forming. For now price is holding at the top of the breakout zone. If buyers are willing to step in here we might see a bigger bullish move since there really is not much standing in the way in form of resistance all the way up to 1.81000. Things to keep in mind though: 1. Be careful with GBP crosses today due to interest...
My 60 PTS strategy says 60 points reached go short!
DAL has just dropped 20% in 2016 and is expected to rise as much as 79% in the next year. It is already going back up. And according to the resistance level drawn, it is very likely to repeat itself as it had in 2015. Check out the analysts outlook www.marketwatch.com
As we can see in the chart the 50 EMA Is Lower Then the 200 EMA Which means any new position must be taken short But given the recent intraday spike we see a potential crossing of the 50 EMA whit the 200 EMA which would mean we enter a long swing buying phase. Looking closer towards the 5 EMA and 10 EMA We took a long speculative position the current uptrend is...
Pure technical a market crash is very plausible, adding to that the bad economic news, the zoomed out consolidation market (which is a turning sign). Any major event this year (like for exemple us elections) could trigger the steep decline. But looking at the narrowing Patern it could even start in Juni whit a rate hike/brexit. This week the ECB launched there...
after the opening of trading is to wait for the pullback, and then open a short position stop-loss 41.27 The first is very likely target 37.5 and so the price can for 1-2 weeks to fall to 32 or lower
if price go down, i'll be wait long signals "long zone" may be at ~34.6 $ 1st goal new high 2nd a bit higher 3rd 47$
if the price falls below 2.22 then you have to look for an opportunity to open a short position on a pullback the expected stop-loss 2.293
if the price go down to the level of 15.30 then I will look for an opportunity to go to Long the expected stop-loss 15.17 if the market does not adapt to my imagination, then I will'll be watching the price further