"The establishment of a central bank is 90% of communizing a nation" -Vladimir Lenin
Purely technical perspective on this trade, great R/R ratio
Reasons to be be short: - Breakout of Bearish Flag - Right shoulder completion of Head & Shoulders - Touch of pivot point, 200ma, and flag - Elliot Wave Correction - Potential leg CD of a bullish crab forming - Fundamentals Please take a look at my crude oil chart description to view the fundamentals behind this trade
I'm expecting USD to decrease in value relative to other currencies by FED policies such as Quantitative Easing & NIRP We may not see this until after the US elections to ensure a Clinton victory, but i assure you they cannot tolerate deflation and will print their way out of it so long as they can I feel the FED's actions will lead to increasing inflation over...
"Blowing bubbles with easy credit and then popping them by calling in loans, would haunt western economies for centuries to come"
•Bullish Crab Completion •Falling Wedge outbreak •Bullish RSI •Inverse Head & Shoulders forming on trend line
After this move up, I will put my dollars into physical gold while we wait for fiat currencies to collapse
Good looking short setup here Here are my Price Reversal Zones on the Weekly Chart, which has the Rising Wedge ending in my first zone
I've been following this pair for a while now, and we are in the zone to be looking for shorts Chart shows all The only thing that worries me is the recent bullish price action, although we do have a doji candle that closed on friday, so I am hoping to see a bearish candle on monday Take a look at the monthly and you can see we have a completed bearish Gartley...
Thought i'd expand my portfolio, so i analyzed some stocks as I would a forex chart Looking forward to seeing how this one plays out