Not a big fan of this pair atm because of the movement on oil and USD. But a setup i'm 👀 is a run toward candyland. Looks way to clean to me. The daily chart had a nice consolidation, and swept both sides of the range. Order flow is still bullish. Two possible scenario's i'm 👀. A lot will depend on DXY price action too.
BTC filled the imbalance on the higher timeframe. We broke market structure to the downside, indicating this market is ready to move lower. Looking for a sell opportunity if market retraces back to the red area.
Looking for NAS to rally higher, finding support at the grey area, for a continued rally into February. Failure to stay above the grey area, will likely result in the red scenario.
We might be close to a potential topping formation in the Dow Jones Transportation Index. I view this Index as a leading indicator for equities. Connecting the trendline from April '09 to the bottom last year, and projecting this trendline on previous tops and extending it, we have come close to the top of it right now. A potential scenario i'm eyeballing is where...
I'm taking a swingtrade here on GA. The daily is still below the 200, however, i do like the sustained breakout above resistance at +/- 1.7860 which turned into support. The lower timeframe shows a nice three wave corrective structure into support accompanied by a bullish divergence and a nice bullish engulfer to finish it off.
*This is for those that are interested in boring long-term trades.* We might be setting up for a multi year bull run on agricultural commodities. In 2020, soybeans, corn and wheat saw massive gains. This rally might continu in 2021. First of all a short article on the correlation between the USD and commodities: brownfieldagnews.com DBA is the ETF that tracks...
I'll be looking for a entry to get long on this pair. Looks like it's forming an uptrend.
This pair seems to have made a H&S pattern on the daily chart (left). Òn the 1hr chart we seem to have completed a three wave corrective structure into support. When EN can break and close above 1.7344, we might have bottomed and pullbacks can be used as buying opportunities.
Get ready for the yellow metal to take off! First of all a historic pattern on gold, see annotated chart. We're currently setting up a similar pattern. Notice the 1980's top followed by a triple top formation that took ages to play out. When the formation completed it was followed by a breakout making record all time highs in 2008. Gold made a three wave...
Gold seems to be making an ABC-type corrective structure now. This correction could take the yellow metal into the +/- 1740 region which is a symmetrical projection of Wave A, to a 61.8% extension of Wave A into +/- 1713. Although gold hasn't followed the seasonal pattern exactly this year, the 2nd half of December through the end of February tend to be seasonally...
Looking for a possible retest of the 0.8990 level. Price bounced off from the 200 ema daily.
Starting of from the weekly. Price has been moving in this regression channel for months now and we're currently at the top of this channel. So I'm interested in possible short setups. On the daily: First of all we see price making lower highs here. Resistance comes in +/-0.8840. Since the 19th of this month we had a run up into this level followed by a doji...
A little bit late with posting the chart but i'm taking a long here after a bounce of off the 200 ema daily and a BRT on the 1hr.
Look for price to head to 1.3240-1.3260, with bearish price action for a possible short.