OIl OIl OIl!!! Everyone knows that I love trading oil. This week, we are going to see some movements. We have a few crude news coming out this week. So, we might see the bulls maintain control. On the other side, we could see the sellers coming in and trying to drop the price down some.
What I am looking at for Russel 2000 is that the overall trend is a sell. With the news coming out this week, let's look for a price to do two things: follow this bear trend or break this trend line for the Bulls to take over.
Looking for a day trade setup. I am not looking for anything special at the moment. If a trade setup shows its face I will be looking to execute.
I am not trying to go overboard with this one. It is completely cut and straight to the point. We are completely bullish here. Following the trend of course but also getting setup for that minor correction is also great.
I am liking what I am seeing with the Dow. Hopefully we can get another push tomorrow. If we need our current markups will be as the picture follows. Now can we see some massive moves this week. We can with the current news that is coming out this week.
I am loving the setup with the Russell 2000. The way it moved this past week is crazy. Looking for some minor corrections to start the first couple of days. Please make sure we are waiting for our setups to develop and not rush them.
USDJPY finally broke to the down side on. What you see now is on the 15 minute time frame. I did do a top down analysis on this last Friday. So I am glad that everything is taking shape. If you have anything to add feel free to comment.
NZDUSD finally broke out of this bearish channel. Getting stop by structure from the upside. I am looking for price to do two things. One go back and touch the top of the channel. Two break through the top resistance to go on a bull run.
I am a trend line and market structure trader. Here we can see that AUDJPY is trending very well. It has been making higher highs, higher lows, lower highs, and lower lows. If you the trend follow the trend (the trend is your friend).
I want to look for some solid trade setups. I see that Nas100 has had a 13% spike since the end of October. Do we start to see the market correcting itself or continue to look for buys.
Waiting to see what oil will do in this area. I will like to see it go down some more to confirm the bear market. If not I will take the pullback back into the buying areas. Let me know what you guys think in the comments.
We can see that we have a major weekly structure acting as resistance. Along side a 4h trendline that price needs to come back to. I will not be surprise if price also break through the weekly and continue to the upside. If you have any question please feel free to comment.
Looking at CADJPy I see buyers trying to push the market up but failing. I see a short rebound in the next couple of days before breaking my Supply area. I also place my golden zone here to give me more of a clear direction on where I see price going.
See chart for deep analysis on USDJPY. Any addition thoughts are welcome.
Please look at the chart for more information. If you have any question please feel free to comment.
With me trying to get back into my trading flow. I'm trying to stick with analyzing just a few pairs. So please bare with me until I get some kinks out. One of the pairs on my list is NZDUSD we see on the weekly we not making a lot of strong moves. So on the lower time frames we get to see price bounce around key levels over and over. Price has also broke out of...
I'm back to charting lol. It has been awhile since the last time I had posted. What better way then to post my favorite thing to trade USOil.
I want to see price break the 4h trend. This will allow me to accurately pin point price next course of action. I think we can short the market for some good pips before moving bullish again.