KingJB

KingJB

Short i opened friday afternoon. hoping for it to reach target in the coming week. Stop at the highs, take profit at the lows. A trade just shy of 2R.

KingJB

Contradicting my DXY idea from yesterday; Bearish channel in fiber looks to be heading for the 1.08s. Although, i would exercise caution when shorting due to a recent bounce off of the 50% fib level. A bullish reversal would correlate with my DXY lower prices theory. However, i believe higher $ and lower Fiber is more likely than lower $ and higher fiber.

KingJB

Not much in this analysis. Recent bullish trend in Tullow Oil has retraced to the 50% fib and made a fairly significant move away. Could be a decent trade as this level seems to be springboarding price to the highs around the 260-290 area. may be worth dropping down to a lower time frame to hunt entries

KingJB

Price could be about to break down. Highs were taken into the the 79% fib level. following that price fell finding support at the 50% fib level. However DXY's recent bullish trend market structure was broken as it formed a lower low. i will be watching this carefully over the coming days. expecting price to return to find support somewhere in the 93.00s and...

KingJB

Seeing that BHP is at a strong resistance level, I expect a small retracement before price reaches for highs between 1100 -1200.