a head and shoulders pattern has formed so this is further confirmation along with being on a downtrend that we should short the market.,
gold is in some very special zones and is showing signs of long term consolidation. its evident the short sellers and long buyers will both be fighting for dominance over the market. however in the long term, the bulls win and the uptrend will continue. just watch gold closely alright.....
several factors have led up to this decision. it was in a big sell zone for example and it was getting oversold
watch this pair as a potential long opportunity could occur
just a little support/resistance consolidation trading. at first you will see some big bull candles followed by a decrease in volatility as a lot of people will take their profit or get stopped losses out which causes reversals to occur so don't be alarmed if your in profit and you notice a decrease in the trend as this occurs a lot with this pair. GOOD LUCK HUMANS....jk
inverse correlation with the dow jones so I will be looking to short that soon. fake breakout pattern has occurred so we should let the traders who previously went long get stop losses out the market and the short sellers take their profit so we can hop back into the trade for a nice like profit. GOOD LUCK HUMANS....JK
as Brexit has now officially occurred. we all know that the pound will drop in value compared to.....ehh pretty much all currencies. now, all GBP currenies pairs will severely decline in price since investors are PETRIFIED that the uk economy will go to crap and anything with the name GBP on it will lose its value. however, since its the EU its specifically...
With all the hype around around the corona virus and Brexit, overall stocks likely the dow jones for example should decline.
a pullback should occur soon so please go short
with all the hype around the corona virus and impeachment we should see a decline in stocks as investors are getting fearful that the worst outcomes may occur. if you have read the news you will understand that the virus has made its way into Australia so big Australian stocks should be on a downtrend swell. however this provides an opportunity for big commodities...
as you can see by my last post. cad/jpy oppositely correlates with this pair which is about to drop in price so you should look for a short position. HOWEVER THE UPTREND SHOULD OCCUR FOR ABOUT 2 MORE HOURS BEFORE EITHER HITING CONSOLIDATION THEN DOWNTREND, OR A STRAIGHT PRICE REVERSAL IN A DOWNTREND. EITHER WAY... TIMMMBEEEERRRRRRR.. JKJK BT SERIOUSLY GO SHORT ON...
THIS PAIR CORRELATES OPPOSITELY TO AUD/CAD WHICH JUST ALSO HAD AN ERRATIC UPTREND SO WE SHOULD SEE SOME NICE BIG BULLISH CANDLES OCCURRING IN THE NEXT 3 - 6 HOURS
I don't really have a lot to say, if you know this pattern then you know its a clear short position however for those who don't. , this is a popular technical breakdown pattern which is something called a ( head and shoulders pattern ). its a very simple pattern with a high probability rate. its helpful when markets are volatile like these ones.
just a quick trade nothing special. my overall position on this pair is SHORT however I noticed a potential longing opportunity. the downtrend will continue however its just a fake breakout which you can can profit on.
so for this trade, I mainly used corrolations and essentially common sense to predict this trade as gold has so many ties with everything you can really miss it. in other words its one of the big players in the world of finance which pushes various markets in all directions and causes a lot of volatility in them. for 1 I noticed that it slightly went into...
so for this position, I noticed that the candles have absconded well away from the moving average and has gone into consolidation. this shows that the consolidation will either continue only to be followed by a big price reversal on opening hours or the trend will continue which is unlikely due to hype around the trump impeachment is starting to die down so we...