MASSIVELY overbought on 30m and 1h looking to hedge my longer term position in the short term. rvi bearish cross also
I expect over the coming weeks to see eur/aud turn bullish, right now price is consolidating in a sidewards channel, and is forming a strong floor. expect price to break through this channel and continue on up. enter on pullback or breakout.
Jobless claims up by about 5 percent on top of dxy extension could be a good time to short the dxy by going long on metals. similar price action occuring at a similar level in price, daily is still accumulating so im looking for buys this 4h candle looks tasty.
with the 4h swing low being in, I have been looking for 1h weakness to start accumulating a long position, the hourly chart is now in this zone for me and as such i will take a long position with stop below the 1h low and hold it on 4h chart till we have the start of a distribution. as you can see we have an indicator relative vigor index buy signal. i remain...
Gold could continue uptrend as dollar weakens, if you did not manage to get in earlier, maybe now presents an opportunity with price pulling back to a previous resistance (blue line)
Gold is rallying against the dollar, the chf has high correlation to gold due to the amount of gold in switzerland backing the currency. so because of the daily uptrend we look for long positions, the hourly chart is oversold and bouncing of ema89 after contracting. im opening a buy position here
AUSSIE is strong currency right now, sterling looks like it wants to sell of in this pair. 1h and 4h look for good short signals and ride the next wave down. lots of pips on the table up for grabs
i think my first two ideas were not upto scratch. i think looking back on 4h chart we can inverted head and shoulders with a pullback to the neckline, what is confusing right now though is the 4h pinbar and overbought accumulation on that particular timeframe. I personally believe the daily chart is still pretty bullish after making higher highs. so i love price...
Updated for current affairs.
oil 1h entry into the uptrend. oil is very strong right now, so we look to enter long positions for higher highs. brilliant week lots of winners posted, hope you all enjoyed the run. well over 1000 pips in a couple weeks now
last trade for me for the week, just time to cash in. eur/usd hourly uptrend to start very soon
My final post for the week unless anything major appears. a post to get you thinking about the next direction of bitcoin. write below your own opinions on btc next move!
im long on this pair, nice gradual move upwards hopefully as shown on chart.
gold might be breaking upwards after this squeeze.
price has rejected neckline with a wick bar look for buy signals on lower tf or use stop under the wicks as seen. FINAL POST i promise haha enjoy and have a nice weekend everyone. Peace
This is just my views on how eur/usd trend is looking. i base my decisions based of these timeframes as it makes you alot more accurate, aswell as entering you potentially in trending markets. DXY could be ranging between 94.6 and 92. the dxy is good to find your entrys on eur/usd, because if you flip dxy chart upside down, its the exact same chart as i have...
always good to have multiple set ups, remember the most important thing in trading is risk management, know how much you are risking per trade then just focus on good set ups, with good r/r. you will soon see good results