Trading_Tony

Trading_Tony

Two different scenarios here. Looking at a technical perspective there is a head and shoulders formation. Crude is currently trading at the shoulder line. Looking at the supply and demand issue we already know supply and storage is at maximum capacity. However with the US planning on re-opening a number of states in the near future along with the rest of the...

Trading_Tony

NZDUSD has broken a negative trend line. There has been a confirmation through a re-test of the negative trend line. Higher Highs - Yes Higher Lows - Yes We are now looking to buy up to the next resistance zone 0.6198 Any thoughts and comments on this set up are welcome!

Trading_Tony

Playing around with some Elliott Waves theory. We have seen a 5 wave structure from the major highs to form wave 1. We could be set for a large wave 3 structure lower after an ABC flat corrective wave. Large money printing from the FED could cause a decreased demand for USD. If we are over the corona-virus scare there will also be a decreased demand for the...