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Bullvsbear

Euro-Pound's descending triangleFor the past several days, the EURGBP pair has been trading on a descending triangle. As what the formation suggests, a downside is imminent from this day forward despite the spike up. I actually had a long setup at 0.86020 wherein an inside bar pleasantly formed just about the 200sma along with a huge bullish pin bar as the mother bar. I've drawn a second descending trend line just above the hypotenuse to prevent trading a false breakout as seen just right above the right angle. Shorting at this level may be ideal; good risk-reward ratio. However, risk may heighten as Draghi is scheduled to give a speech hour(s) from now.
by bearvsbullmarket
Danger ahead, once again, for Pound?After its recovery state before, during, and after the Brexit implementation, Pound was able to outperform several of its forex pair including the dollar -- being able to rise, and stay, above the 200sma, a long-term trend indicator. After the huge sell-off on the Pound, GBPUSD visited a near-term support in a day. Considering it is difficult to look for signals on a daily basis, I will be looking at the 4-hour chart for possible entries; whether it would form a nicely formed bullish pin bar (long-tailed) at the near-term support. However, if prices do fall below the near-term support, prices will revisit the key support seen around 1.257.
by bearvsbullmarket
Resistance just ahead, and possible new channel. For several days, I've seen several people battle between whether to long or short the AUDUSD pair. Longs would say, "it broke the trend line, go long." Shorts would say, "don't you see that lovely bearish pin bar right at the resistance? Short!" In my opinion, it is better to wait for a confirmation telling where this supposed pair would be heading to. The descending channel may have had been broken, and retested (where it rejected the said broken descending trend line), but it may have had formed another channel as drawn in my 4-hour chart. If you look at the previous price bar action of this pair, it has been a messy treat. This week is going to tell whether dollar is going to live or die -- there are 6 important data incoming for the US Dollar, and it may be volatile. A weekly close above the resistance somewhere around 0.7520 may suggest a push higher while a close below the level may suggest a push lower.
by bearvsbullmarket
Inside bar without any resistanceAs we all know, inside bars suggests a continuation of the trend or a reversal of it when forming on notable resistances/supports, USTEC has continued its journey to the moon after the recent huge decline. Buying a stock after reaching an all-time high, after retracements, is alright. I've been holding two long positions for the past weeks with an open TP, and I will hold so. //Jim Cramer is one of CNBC’s top stocks analysts and a former hedge fund manager. In an edition of Mad Money, Cramer explained that he is often inclined to buy stocks that have reached fresh all-time highs, providing they have been rising consistently, and have pulled back since reaching their latest high point: "When I'm ready to establish a position, I wait for a pullback to come that's at least 5 percent down," Cramer said. //
TVC:NDQLong
by bearvsbullmarket
1
Caution! Danger ahead.After EURUSD reached the monthly 'strong' resistance, it made a modest decline due to Dollar sell-off and Euro relief rallies that are currently ongoing. That being said, I highly warn you to STAY AT THE SIDELINES FOR THE MOMENT when trading this pair as there is a high risk due to the current phase of the weak dollar-weak euro. As graphed below, these are the possible plays that may take place for the next trading sessions. PS The monthly resistance have shown its strength once at 2016-11-09. I was actually long back then and was surprised it spiked just right at my Take Profit before plummeting when Draghi started to speak.
by bearvsbullmarket
Another rush for the safe-haven, Gold (XAUUSD)Similar with my previous analysis for Silver (XAGUSD), Gold (XAUUSD) has been on consolidation mode for days longer than Silver (XAGUSD) has been. Despite the good number of US GDP data, Gold (XAUUSD) continued to push higher which seems that it is poised to reach the monthly resistance seen around 1,290 area. No forecast for what will happen after reaching the monthly resistance. However, if you look at the long-term basis, a megaphone channel formation can be seen wherein it may suggest a downward trajectory for this commodity after reaching the said monthly resistance.
FX_IDC:XAUUSDLong
by bearvsbullmarket
Optimistic approach of Silver (XAUGUSD)? For the previous days, Silver (XAGUSD) has been on consolidation mode, and pushed towards the highs of the inside bar despite the good number of US' GDP. Along the levels where XAGUSD currently is is a messy chart. However, as seen on my 1-hour chart, the commodity is clearly above an ascending channel. Breakage of this channel will only result to few higher level. However, if enough catalyst is given for its boost, it may reach the monthly resistance and may possibly form a triple top. It is important to note that this commodity has always been pushed below whenever it touches daily's 200sma. Be careful at that moving average!
FX_IDC:XAGUSDLong
by bearvsbullmarket
Breather for previous Euro strength, renowned strength of YenLast week's last trading day, we've seen the Euro -- after its extensive pushes -- take a rest before any possible strengths to come. Along with this was Yen's upside push due to impressive economic data. As drawn, which is best viewed at 1-hour chart, we can see that prices have fallen below the 200 sma (I use this as a basis for possible early entry for trend reversals) after forming a double top at the weekly resistance. As shown at the 1-hour chart, EURJPY have been continuously stomping towards the bottom of the ascending trend line. Breakage of this may result to a revisit of the broken descending trend line (after it breaks the temporary resistance around 122.60 area).
Short
by bearvsbullmarket
1