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WTI: USOIL A Big Week of Opportunities AheadWTI USOIL Week Ahead WTI has fallen away in a straight line ever since the short triggered on Thursday and is now around 390 or so pips to the good. It should fall away a little lower still, towards the first support line at 67.22 and can spike down to 66.48 at likely lowest before it starts to bounce away to the upside again. Look to close out at least half of the short and drop the stop on the rest to just 11 pips above current close (but not until London opens). We should see a good rally from this range back as high as the 69.48 line. If wrong at this point and WTI finds no support arriving from London it will then plunge lower still until it can find buyers again at the 65.55 line where dynamic and fixed support lines meet. From a bull perspective this level must hold through the coming week at lowest. Any failure here will tip WTI into deeper bear territory still and force a capitulation move back to 61.92. Some good trades still to be had from this complex. Second only to Bitcoin for volatility and fine trades - but the spread is wider, which is odd considering the great old age of one complex against the infant's age of the other. The old and the new. Probably the two best playing-fields across the entire spectrum of investments - for active traders and momentum traders alike. But ETH is beginning to challenge this hierarchy as the weeks pass by. More on that one later
TVC:USOILShort
by sumastardon
2
Stalking EURUSD - weekly is most important. The Euro took a beating over the last several days but the game is not over! This is just hotting up. I refer to some key areas for possible reversal on the lower time frames. EURUSD is a ratio of two currencies. It is important to look at the USD, which on the world stage has actually been weakening. In the video of the weekly chart I look at the strength of the USD on the DXY. Overall on the larger time frames (weekly and monthly), the EURUSD is bullish. A clear trend change can be seen. See also Dollar Basket .
by Captain_Walker
1
Bearish SignalsFirst off, I'm not the best @ TA, so I would appreciate it if a mistake is seen - please tell. Multiple bearish signals on Ichimoku cloud, RSI, MACD. Very similar pattern is evident on GS & MS. Default rates on student loans, retail, & personal are climbing. Combined with a mediocre jobs report, this spells out trouble for banks. However, to me, the most important thing is that big banks have continued to do sub-prime loans. They are the loaners of the loaners of the loaners. Many 2nd & 3rd tier subprime loaners have defaulted and declared bankruptcy. This is not good news for big banks, who, in my opinion, have got greedy, again. On top of this, banks did not do exceptionally well in earnings considering the tax cuts of President Trump. Nearly $200B in likely exposure, at minimum, for the top 6 big banks alone. wolfstreet.com wolfstreet.com (I quite like wolfstreet, very well researched analysis, reasonable article, in my opinion) www.forbes.com
NYSE:BACShort
by GainMachine
BTC before a big move ?!It seems like we are in a huge squeeze here ! This could be either a damn good buying opportunity or the last chance to sell/short ! +We need to break the resistance at 7000ish and we could possibly see a rally (hopefully). -the support though isnt far away, so if we break below the support significantly, that wouldn't be a good sign. #So my advice to you right now is to stay alert and watch the charts ! Good luck trading *Trade at your own risk ! This is not financial advice !
BITFINEX:BTCUSD
by Sofsayen
2
Possible 700% gains for iotaAs you can see iota has already finished wave 1,2,3 and nearly 4. It has been in the channel and bouncing of the upper resistance for a long time now and is right on it again. We have also had a pretty strong bounce of the wave 1 resistance. Using elliot wave and assuming wave 5 will have just about the same lenght as wave 1 we can target around the 10 dollar range for its fifth wave. Watch out for BTC though because even though IOTA might break out of its channel BTC has the power to drag it right back in if it starts tanking again.
BITFINEX:IOTUSDLong
by Victorvddonk
3
DXY: Dollar Index trade set-ups todayDXY: Dollar Index - A Big day ahead for the Dollar Near term Key to Gold, WTI, Brent and Pairs The dollar is stooging around now having fought itself to near stand-still - it's likely to start moving in a tight 50 pip range at 89.30 above and 88.79 below - will whipsaw most likely later today...can play the whip if super slick (not me!) or can stand back and wait for the dust to settle.The key levels are shown on the chart...can dip to the blue support line below it at 88.79 today but must break it to retest the low...which must hold or we have a major near term selling climax likely down to 87.70 ish dynamic support (buy there if you see things stop sliding here) And on upside it has to clear and hold above the recent highs by more than 5 pips - so at 89.66 - and we should know then that the dollar is turning positive again - it should be safe to follow with stops a little below 89.28 when the trade gets triggered (stops are better judged by the individual though, depending on risk profile) Once the dust settles gold and pairs and oils can also be traded with more confidence too.
TVC:DXY
by sumastardon