We have had a downward trend recently. I got caught in long positions several times looking for a hole. The bullish downward wedge formation seems too optimistic to me, too bookish. In the daily chart, we see the RSI boom. My scenario is still down, I think Wall Street is too hasty in approaching it, possibly wanting to sell higher. High inflation, high oil and...
My simple short idea, divergance on few time frames. We are overbought, no reason for more upside for me. Take care
Hello We are stuck in 1500 point range for long time, see no reason to go more up. Everyone is so bullish talking about all time high but . Is it possible? I think no, thats my educated quess for this trade. Pros: - Divergence on daily time frame - Inflation, - Bad data coming out, - War. Recently market moves without logic to me but thinking that people will...
Welcome As you can see gold is moving in an ascending channel from 22 nov. the correlation between gold and dxy is back. I expect the price to drop to tp1:1890, tp2:1870 and then around $1800. There was also a bearish divergence on the h4 interval, we are heavily overbought on the daily, the same situation on the weekly. There was also an ascending wedge pattern...
From November 2020, there is a very strong upward trend. Coffee prices remain high, we have broken the 2014 peak. The price is moving in the main growth channel (green) with a divergence that started in August. (The situation was similar on Natural Gas ). We saw a high around $ 250, followed by lower highs and lower lows. Let's see if the new blue channel...
Hello traders Polish zloty almost reached double top formations. At higher timframes, bearish divergences can be seen. My proposition is short from the weekly resistance. Let me know what are you thinking. Trade safely
Nothing is doing worse this year than the euro and my margin. It suggests long positions from a several-year low with nice RR. You can wait for Fomoc today or open small poosition from now. Take care
My idea for bounces from support (premium price). We have been located for over 120 weeks, the indicators are sold out on all time frames, bullish divergence. All we need to BTC go up. It's worth pulling the trigger. Take care, trade safe.
This is my idea of a short position on this pair for your consideration. USDPLN is overbought, bearish divergence in place on weekly time frame. I suggest going short to the level of 4.3. Good RR. Trade safe Cheers
Here's my simple idea about EURAUD. Still in channel. Take care
This is my quick analysis on USOIL prices. The bear divergence worked great. RSI has cooled down so we can expect buyers to come back. Falling wedge pattern, if important, will be a great opportunity to open a short position at $84. On the other hand, if the sales movement deepens according to the retracement of fibonacci, we will face a discount to around $ 60. Regards!