Up
Up is Up!Looking like a flag at this stage, which may terminate at the .618 range. Upwards trend should continue and with the next push up we will test the previous high at 3130. Whether we break through this time or not is still in the air.
However I firmly believe that we will ultimately break this line and move on to test 3340.
China in turmoil means money for usAfter the crash of the chinese stock market (which happened twice!), a BUY oppourtunity up seems like a very strong opportunity that exist. Currently USDCNH is in a pendent formation. My bet is that it will go
I've personally never traded this pair before, however it is a rare opportunity and possible capitalization exists.
EURAUD POsible consolidation before it goes up again !EURAUD POsible consolidation before it goes up again !
Bearish & bullish Gartley's on AUD/CADLooks like we could go either way here.
Still a way off, but these are on my radar.
Wanna know why you sould Long BTC? Take a look here!go long because of:
- increase in media attention
- lots of international organizations are now supporting the value of blockchain and bitcoin
- macd is pointing up
- crossing rsi pointing up
- increase in volume
- steady growth in price & volume since november/2015
Maybe the big players are trying to replicate the 2014 spike to 1K USD per coin??
Who knows...
CHF/JPY: So many confluences for going short!Confluences:
1/ with the recent formed downtrend
2/ Broke TL + retest
3/ Tested the 130.000 weekly resistance
4/ Bounced of the 50% fib.
5/ high test, followed by inside bar set up, followed by another high test
6/ 50 & 60 EMA's bounce
GBPUSD CABLE SHORT LONG TERM BIG DROP COOKING £$Drawn S/R on W1 very strong levels, Fib retrace shows 38.2% reversal occuring CCI Dropping. First target 23.6% - Second 0% - Stop on kumo support but will we test it at all? who knows :)
AUD/USD Analysis 30.04.2015Background:
Aud/Usd Remains in a downtrend but we found support @0.75600 ish level and price found balance,
we formed a minor range between 0.7560 support and 0.7914 resistance , where price broke thru resistance
but price traded back into the broken resistance, however its not over for the bulls as the up channel is still intact
and if we find buyers we may head back aboove to retest the current high @0.80600
Signs of Strenght:
price found support
broken resistance
up channel
Signs of Weakness:
Downtrend
broken resistance didnt turned support @ retest
Key Levels above current price:
80750
82500
79800
Key Levels below current price:
78180
77200
75600
sidenote:
A Trading channel is nothing but a diagonal trading range where the upper limits is the oversold level and the lower limits is the oversold level , whereas the mean in this case rising represents fair value. and as it rises so does demand , if price fails to take out the lower limits of the channel and we break the RED trendlines this indicates that demand is in charge and any higher low can be used as an entry signal for a long position
BITCOIN: The coming hours there will be some nice red candles.The double top of yesterday broke down, although it did not go straight down to 240, we were able to take profit. Unfortunately that same pattern is not visible on the huobi charts, where there was a weird head and shoulder / triple top-ish pattern. Nevertheless, all charts where pointing down.
Today I use BTC / CNY on huobi for chart because it illustrates a perfect bearish wedge which is about to break, most likely to the downside. Time to stay alert, wait for the break down and open shorts with a very tight stop loss just above the lower trend line of the current wedge. When the break down occurs, it will be a FACT that we will visit 1540 support (which is about 245 USD, same target as called yesterday, it is still valid).
I think we will see some nice rebound after 245, so stay tuned as I will update as soon as the current targets are reached.
Good luck!
Bonds down, Makets UPIt looks like the rally in bonds is finally done because it had 3 legs up and is forming a potential M pattern. The obvious target is back down into liquidity at the 200 sma. What this means for the market is that it should have a strong rally to finish off January in a positive note and a positive tone for the rest of the year. This final move in bonds confirms the strong rejection off the lows in the market.
DOW Long-Term Long (Global Equities Turn-around) DAX Resistance
The DAX is currently in a very strong resistance zone. In fact many of the largest stock indices are also in the same position please also see my trade on the FTSE (Global Equities Turn-Around)
It has touched this level 2 other times this year, we have seen several retracements on the dax this year and this seems to be where it stops the downward pressure with resistance.
I have already enterered into the trade and have set a fair tight stop loss about 100 points away to ensure I dont get stopped out prematurely, and to confirm that it is in face break and closing below that level not just down on a spike.
I have set my first take profit about 150 pips away and then my sencond one about 300 pips away.
This should be a highly profitable trade and would recommend all to jump in.
I suspect this trade will be rising for the next few days and I will be looking for other opportunities to buy the dip in this position.
Blackberry Ltd -BBRY -Daily -Acting well and building for a moveKey Hidden Levels indicate that BBRY is having an easy time rallying and is set for a move higher, with a wide stop.
There is a Key Level up at 12.50 that I am targeting.
Buy dips to 10-9.80 and look for a move to a new 52-week high in the near future.
Earnings due 9/26
Tim 3:09PM EST, Thursday 9/11/2014 10.73 last BBRY
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SP500 choose your sideup or down !!
if up => go to 2050
if down => bridging the gap in 1950 and maybe later in the very long term go to "1800-1700"
What is your choice ? up or down !!
