This isn't strictly a technical analysis. I'd like to gage the market sentiment and geo political tensions before I commit to a trade. If I see price break support but I'm seeing bullish headlines, I won't take a oil short. I'm waiting for a bearish catalyst and a break of the support I pointed out. Below are some bullish and bearish headlines I'll be looking out...
Cardano to retest $2.45? I think if it makes it down to that area there will be more buying pressure.
The blue trendline zone was drawn on the 4h timeframe. I believe there's more room for this pair to move to the downside after a pullback on the 30 min timeframe. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a Australian Dollar index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a USD index I created. I use these to help gage currency strength when looking for a pair to trade. I have more of a neutral bias for the dollar right now. Waiting to see how price action plays out. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a Euro Dollar index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a British Pound index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
This is a Canadian Dollar index I created. I use these to help gage currency strength when looking for a pair to trade. GL Traders! "Don’t blindly follow someone, follow the market and try to hear what it is telling you." - Jaymin Shah
OANDA:USDCAD This is a situation where I see a possible fake breakout. Price broke out of the long term blue trendline and is forming a head & shoulders . In my opinion the fundamental bias for this pair tilts to the downside. I think if we see price breaking back below the trendline there could be some violent moves down as possible buyer stop losses get...
I believe OANDA:GBPUSD has room to move to the upside. After a break/retest of the grey zone is when I'll try to find an entry. News I'm watching out for. (all pairs) Comments about the timeline of interest rate hikes. Comments about quantitative easing (tapering or not). Keep an eye on the opec+ spat. Watch for tapering of production cuts. Watch for oil demand...
If price makes it to the purple zone and starts to show signs of rejection, I think price will drop to around 109.60. News I'm watching out for. (all pairs) Comments about the timeline of interest rate hikes. Comments about quantitative easing (tapering or not). Keep an eye on the opec+ spat. Watch for tapering of production cuts. Watch for oil demand...
This analysis is purely technical. Bitcoin is in a range between 30k and 40k. I'm just going to keep it simple. If it breaks above 35k, I believe it will go to 40k. If it stays below 35k and starts breaking structure, I think it will go to 30k. GL Traders! "You don’t need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beats...
Right now I'm seeing a short term opportunity to buy. I like the break of the yellow trendline and a break/retest of the blue zone is when I'll try to find an entry. News I'm watching out for. (all pairs) Comments about the timeline of interest rate hikes. Comments about quantitative easing (tapering or not). Keep an eye on the opec+ spat. Watch for tapering of...
My overall medium term bias for the market is bullish. Right now I'm seeing any dips as opportunities to buy. Technically we're in a strong uptrend and we just had a healthy pullback. I see it breaking even further to the upside after a small retracement. News I'm watching out for. (all pairs) - Comments about the timeline of interest rate hikes. - Comments...
I'm expecting strength in GBP due to positive growth numbers and expectations.
NZDJPY - Looking for a deeper pullback