LONG GOLDDidn't actually take this trade but just after trend line retest where I would have preferred to get in.
self explanatory
Movingaveragepriceaction
Gold Continues Selling Off and Hits 50 Day Moving AverageAs the NYMEX session began this morning, the selloff in Gold continued and price hit the 50 day moving average @ 1210.80. That was my first profit target. A stronger than expected ADP jobs report this morning further increases the odds of a Fed rate increase this month.
Disclaimer: The post is for educational purposes only. Trade at your own risk.
Oclr EBITDA has doubled since OctDespite bearish price activity, fundamentals should drive OCLR up long term (1yr)
Gold reject MA200Price has rejected moving average. Is very relevant to have a close below that level. If it happens, we can wait a bearish movement, and a breakout of that bullish trend.
EURGBP 180 LONGPrice has seemed to breakthrough the trend and is heading up. Pin-point entry might be very soon as MA's have just crossed on the 60min chart (14ma, 50ema). I believe price will touch and bounce straight of the outer trendline for a clean SHORT in future.
Rebound-AUDUSDPrice has rebound at bullish trend, breaking MA200 and MA50. In addition, we can see a double-bottom formation.
Pullback confirm bearish movement?-USDCHFPrice broke bullish trend. Now is doing a pullback till that trend. We can expect to bearish to the next supports. In addition, MA50 has broken MA200, wich alerts for a probably falling.
Doji reject ma50-0,618 fibonacci- USDCHFPrice rejected moving average of 50 periods, creating a doji candlestick pattern. Waiting for a bearish movement till the ma200.
Gold Breaks Through Resistance on Strong Up DayGold broke out of the 1220 resistance level today and pushed up to a daily high of 1237.5. This was the breakout that I had been waiting for. Gold clearly wants to go higher. The first target is the .618 extension of the move from January @ 1241.7. A more likely target is 1278.6 which would be the measured move of the (A) wave. I have put the probably extensions on the daily chart.
It's interesting to note that there is a lot of options speculation at the 1267 level which is the .88 fib extension. A number of harmonic patterns use the .88 fib level so I am expecting to see some resistance there although only price action will tell how strong the resistance will actually be.
If the theory that last year was the start of a new bull market for the precious metal, then this is indeed an exciting time to be a gold bull!
I've highlighted the cyan BB at 1228.9 as a pullback area if you are looking to add to an existing position.
The Heikin-Ashi chart shows a strong bull trend. Personally I will not be taking any profits until the first red candle. :-)
This final chart is the weekly view with the fib extension from the low on Nov. 30, 2015 @ 1045. This shows the measured move @ 1457.9.
GBP/USD follow the 20DMA for sell opportunitiesThe 20 day moving average has frequently capped price action and presented great sell opportunities.
Selling on any failed attempt of price to move higher than the 20 DMA is advised with stops at least 50 points above the 20DMA.
EURCAD SYMMETRICAL TRIANGLE, BROADENING WEDGE, MOVING AVGEURCAD D1
Symmetrical Triangle, break out either direction
Broadening Wedge Inside Triangle which usually Sells Off 55% (Bulkowski )
100 and 200 ma crossing suggests Down Trend
Right now price is stymied by 100ma on WK Volume needed to push lower.
Price resistance above by 50 ma. Volume needed to move lower.
Historically in downtrends price remains below 50ma giving more rise to short bias.
Sell Signal: When Daily closes outside of trendline on triangle.
I believe this price action is representative of the weekly changing trend direction
and creating a new channel. Hence, the broadening wedge.
She's most likely a sell at the appropriate time
USD/CAD BREAKS DAILY RANGE - POTENTIAL LOW RISK TRADEA DAILY CLOSE ABOVE RANGE RESISTANCE INDICATES POTENTIAL FURTHER UPSIDE, A CLEAR BREAKOUT OF LONG TERM RANGE EXPOSES 1.2520's
THE 150 DAY MA THAT WAS PREVIOUS RESISTANCE ON 4H CHART HAS BEEN BROKEN, A POTENTIAL MA CROSSOVER TO THE UPSIDE CANNOT BE RULED OUT EITHER - ADDING TO FURTHER CONFIRMATION OF UPSIDE POTENTIAL
A RETEST OF PREVIOUS RESISTANCE TURNED SUPPORT CANNOT BE RULED OUT, A HOLD OF THIS LEVEL WOULD BE SIGNIFICANT - LITTLE RESISTANCE LIES AHEAD OF THE DOLLAR AND FOLLOWS THE LONG TERM BULL TREND OF THE PAIR
The bullish outlook for BitcoinIf this pattern repeats and if there is a new bullish moving average cross then the bulls can push the price much higher, similar to February 2015.
P.S. I used my own MACD script, which you can get here:
