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Bulllish

GBP to Strike Again? - GBP/CHF Ichimoku Long TradeWe're going back to the GBP for this setup as well. Very similar to my GBP/USD setup, we saw a big spike with the election news last week and are back down near a flat kijun sen support here. I am looking for a chance to get long to try and get back up to price structure. We're already near a possible entry, but I would like to see a good support candle form to help confirm we are going to head back up. If we fail to hold our support or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
Overall view of WTI Crude Oil - Analysis of August 12th's weekFundamental: International-Brent crude oil futures closed higher on Friday despite an International Energy Agency report that showed demand growth dropping to its lowest level in 11 years. The IEA said global demand to May from January grew at its slowest pace since 2008, hurt by mounting signs of an economic slowdown and a ramping up of the U.S.-China trade dispute. Buyers instead were motivated by Euroilstock data that showed total crude and product inventories of 16 European nations in July were slightly lower than in June. Likewise, the commodity is strongly correlated to the US dollar index which showed lately a bear spike and increased odds of oil soaring. Technical: the energy commodity settled several times at the demand level forming a head and shoulder formation (or Triple bottom). An increase of traded volume coupled by a strong momentum made oil increased 7.42%. USOIL began a bullish trend and will attempt a breakout of the supply level. advice: Stay bullish and buy any low points while we don'T break downside 51.000. The target should be set at 60.000 or higher.
OANDA:WTICOUSDLong
by Theperfectionist
Constructive Trade Talks? Bullish MarketWeekly Review - Markets keep going up - Keep correcting the downside from 2018 that did not make sense - Markets are bullish but the volume is lower so the vulnerability is bigger - Negotiations between China and USA - Some memorandums will be confirmed and they will keep extending the deadlines that probably will take until summer - We should receive some good material this week - European macro keeps weakening - Manufacturing data is below 50 for the first time since 2013 - This week there is not much European macro - ECB should speak and explain their position in regard of this economic slowdown - When ECB tells what they are going to finance will be positive for the markets - Keep an eye on both the trade talks between China & USA and the ECB - Also, there is a meeting between USA and North Korea that will be more constructive than destructive - Strong American macro-data can indicate that the economy can keep increasing - American GDP is expected to be 2.5 which should be good The most important factors to take: - A constructive talk between USA and North Korea - Progression in the talks between USA and China - ECB starts talking about the stimulus package If there is not any displeasure, markets should keep the bullish trend, however, watch out for the volumes as they are lower.
DJ:DJILong
by JoseDN
₿itcoin General Assessment (Bigger Picture)This is a running thread for ₿itcoin BITFINEX:BTCUSD updates and thoughts. The idea here is marked as long until we are out of a Bull market, then the trade will be marked as "closed". Shown above the Weekly Tom Demark Sequential shows we are at a 8 count on the trend cycle, the close of that candle happens tomorrow. Regardless of the bearish divergences seen at $7,900 levels I have been, and still remain Bullish for BTC to hit $10,000 by the end of December, truthfully I would not be all that shocked to see BTC well above $10,000. Shown above the Daily shows us close to the top of an existing trend resistance, we are on the beginning of a TD sequential trend, if the weekly stays intact we could see 6 more days of a bullish trend for BITFINEX:BTCUSD breaking that trend on the daily. Keep in mind pullbacks can happen and the volatility will do nothing but get larger in dollar value as we continue to higher dollar levels. When we were at $1,000 per bitcoin a $100 swing was 10%, now at this writing a $100 swing is barely 1.2%. Shown above the the 4 Hour on Bitfinex still shows the buying pressure continuing to embarrass sellers. The pitchfork I use to track healthy trend levels shows some wiggle room upwards, I think with the coming news cycle and BTC mania we could see a new level of movement that will require a new assessment on what is healthy and what is not. Shown above the OBV remains healthy.. Shown above the CMF (Chalkin Money Flow) shows a bit of a divergence there, but it is partially due to the lack of selling pressure making it easier for the bulls to dominate. It is something to keep an eye on. Shown above the 4 Hour RSI, STOCH, MACD. Shown above the Hourly's do appear to have a need to cool down, but that does not mean it is time to open a leveraged position here in either direction, entry is key. Overall I remain bullish on ₿itcoin BITFINEX:BTCUSD but as a day trader I will post divergences (as in my last BTC post) and possible short term pullbacks as I see them. TA is never 100% perfect no matter the skill level but what is perfect is your trading strategy and risk management to mitigate losses or call reversals. In the end good risk management will overpower Technical Analysis error and keep you in profit. Remember to always use stop losses when trading (especially with leverage) and to do your own TA regardless of what other pro's see or analyze. I will add smaller time frames in separate posts as I see opportunities become available.
BITSTAMP:BTCUSDLong
by Nick_Core
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