EURUSD Weekly. Buy TrendlineSell position is very dangerous now. All major currencies will describe directions soon. I think this time to move up.
MID
Long looking for 1300I 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.
GBP/CAD - Breakout pullbackFor 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 rate decision.
2. Even though this is a breakout formation mid-term, long-term we are still in a correction after the strong Brexit-sell off. If this corrective structure hold, we will most likely see another attack on 1.70 and 1.67.
DAL large breakout imminentDAL 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
there it is: bullish (falling wedge)there is nothing to describe. The wedge chart pattern signals a reverse of the trend.
DAX WEEKEND ANALYSIS - SWING 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 long.
Stoch RSI indicated a crossing on monday: this is when we enter a speculative long position with tight stop on monday. @ 9740 +/- to counter the sidewaymovement.
Stoch RSI Is indicating overbought signs, RSI Isn't.
This means we enterd a hard resistance zone.
Potential upswing possible up until 10460.
Profit entered the 5% Range
Advise for short term swing longs: HOLD
S&P TA Long Term Crisis PlausiblePure 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 concerns for a market crash based on similar paterns combined whit FA news.
L1 and L2 channel lows have similar paterns to 99 and 07 market (right before the crash)
wti shortafter 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
wti longif 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$
copper shortif 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
silver longif 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
A Mid and Long Term view in AUD/JPYWith commodities collapsing and the BOJ announcing further easing and loose monetary policy, AUD/ JPY provides the best instrument to ride both the decline in commodities and the softer yen.
Riding USDJPY trend after clear DAILY breakoutSlightly better US data immediately caused $USDJPY to start climbing and after clear BREAK of daily resistance mean it's a long or sideways. Not shorting it!
When we get a clear sell signal (pressure of sellers) we should consider start closing the position.
This trade can make 300 pips if trend continues.
Mid Term DAX ShortThe Dax has finally covered the gap and it is moving higher this morning back to normal levels seen before the fundamental news of the Scottish Referendum which would have a massive effect on the European and German market.
I do believe that this will cover the gap and then begin moving downwards.
I have set a very short SL and have a very healthy 2.38:1 Profit/Loss Ratio.
This is a mid-term position and should last approximately 3-12hours.
TriggerTrading - Precision Trading
AMAZON Descending Triangle with Initial Target @ $313.91Amazon has been performing below investors expectations for the past few quarters and the investor sentiment is starting to turn sour as expectations are not being met in time. From a technical aspect the Descending Triangle is proving a trading opportunity with a INITIAL TARGET of $313.91, the Elliott Wave formation also supports this trend. UPWARD BREAK @ $327.09 should be watched as a reversal of the downward trend over the next few weeks.
