The damage caused by the last breakout to the markets is incalculable.
Update: till gold moves from here (1200), if you are an fx trader don't expect any of your currencies to make substantial moves either. GBP-Brexit only exception.
Four months uptrend intact. Traded long twice in last 3 weeks, looking for bull flag development for possible 3rd trade. Will post in FX room if that happens.
Dollar keeps wasting long opportunities here. Multiple times over the 200dma and over 20dma and yet not willing to run, also with a favourable 10Y interest rate in uptrend during 2018. When a currency has conditions and doesn't go I learned to expect surprises. Out of my longs.
Approaching crucial area , to test downtrendline while the 15m 200MA slope is flattening. Hold here is a long setup to happen in the next 12 hours through Oil Report.
No comment needed. Will keep posting updates in the forex-fx chat room on this. Impacts on dollar, bonds, gold, markets and waterfalling on other currencies is pivotal.
First base formation OVER the 15m 200ma since April 13th. Next higher high could trigger long setup. In anycase I will remain with a feeler or 1/4th position due to big catalyst news due on thursday morning from Bank of England, expecting a shakeout and then real setup there.
Any hold of the grey areas is an healthy bull chart. Pick your spots. Only a market crash (ES at 2400-2500) can deteriorate this chart considerably imo.
The ones that tried to pick a bottom in the last two weeks got shafted. Multimonth support upcoming vs multiday downtrend, wait for the break. Caution.
Bullflag violated, retest in progress. You can position yourself long and manage risk according to your profile. I am long 1/3 position at 236, stop under 232, see if market holds this time.
Draghi and ECB might be the catalyst right at the collision point in a few hours.
Keep following the descending trendline in case USD faults in the next two days. GBP healthiest currency vs rising dollar chart wise, better than EUR, CHF, AUD. Just an update from last week.
Timing area approaching for Dollar and Markets, Nikkei is the synthesis of the two.
Timing. #Study. Long setup at the break of horizontal trendline. Stop according to the timeframe driving your trade.
For experienced traders: Copper at key level on 20-50 daily MAs and shorter timeframe with ascending MAs towards 3.0690 breakout level.