Strong into low 50's followed by strong weakness.
The only risk to consider is that a stop at or under $43 will LIKELY NOT get triggered if there's a poor earnings release due to the traditional gap in earnings. Therefore, risk should not be based on a traditional stop, but on a possible gap to the downside.
Whether it's 1.54 or 1.49, the bottom for the Pound is in. At this point we may see a long term consolidation, but eventually the pound looks like it will move much higher. I believe the USD and GBP will be the strongest two currencies among the rest, so look to go long GBP against the weakest currencies. GBPAUD, GBPCAD - all present terrific opportunities to go...
Any experienced trader knows that gold's behavior has been anything but a bottoming process. This market wants to go down badly, and go down very soon. Entry's are purple horizontal lines. Stops are red Horizontal lines. Green with flag is my target.
Nice uptrend, too nice. Excellent risk/reward to go short. I will publish more posts for an update on targets. For now my stop is the red horizontal line. Target will be far below where I indicate on the 30 minute chart.
Reiterating my buy on bitcoin. Entry should be within the box. I've decided to increase my current risk and extend my stop to 205 in the event that the current pattern morphs into a rectangular consolidation, which we know happens often. In exchange, I am taking a smaller position which inherently reduces my total capital risk.
I bought Bitcoin for the first time since I've been watching it from $10 to $1100 and back down to $157 - about 3 years. I'm bullish because it's retraced to a major structural level and rallied 100% since then (down to 150's back to 300). Fundamentally, everything makes sense as well. Nearly every currency is losing a lot of value against the US dollar - JPY,...
Double top on the monthly Broke important level on the 4 hour The 1 minute may show that this is a good entry Trailing target past target 1.
Target will be difficult to determine. Will trail for now and determine tonight.
Adjusting target. If it breaks my target I'll go short again.
Trying to figure out the Aussie's dominant direction against the US Dollar is challenging. It seems easier when comparing the Aussie to the pound. Follow closely... GBP or AUD will bring big profits if you're in the right direction of the trend. I am short GBPAUD for now. Update - July: Go long GBPAUD. Massive breakout
Long term charts tell me GBPAUD needs to go down - at least for now. I got in early. I think there's a decent chance Entry 4 gets triggered, but you never know. Best be more conservative and price diversified than focused on entrance accuracy.