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EURUSD Target achieved at 1.1721 Further weakness likely though21st May EURUSD Week Ahead EUR has reached the medium term downside target at 1.1721 today after a low at 1.1718. Although it's rallied away from here as London opened as it should do, it's not likely to get very far, though. The first resistance potential is here at 1.1763, then a minor level at 1.1786 and then heavy at 1.1821-1.1836. It will need assistance from NY when it opens to boost it higher to this latter range at which point it should start to come off again. Looking a little further out, the chart pattern indicates that sooner or later the 1.1718 level will also give way, leading to a another period of sustained EUR weakness back to 1.1558 with lesser support potential at 1.1665 and 1.1616 being likeliest levels to expect minor near term counter rallies to occur during the descent.
Short
by sumastardon
3
WTI: USOIL Still on Target for 86.33 but overbought near-termWTI USOIL After consolidating off the 66.48 line but never threatening long stops under here WTI has pushed 550 pips and more higher to 72.28 so far. It's a little overbought in the near term and looks like it will consolidate back to 70.69 and then bounce 150 pips or so - and then come back again, doing so 3 or 4 times before it pushes higher still. The overall trend is still positive and will remain so as long as 70.37 holds in the near term and at the worst the 69..48 line holds up on any retests from here. Swing traders can leave long stops below here and let it run for now towards 75.28 and eventually to 86.33 (which is the minimum upside target created by the reverse head and shoulders on last update).
TVC:USOILLong
by sumastardon
FTSE 100: UKX Inter-Generational High: Super Cycle only half wayFTSE 100 Inter - UKX - Inter-Generational Cycle High - Half-Way House Nine years from high to low. Nine years from low to High on FTSE in fact the secondary or final rally high set in week of 13.03 00 as Internet generation 1 peaked with Nasdaq and techs' peak reached that week). Low reached March 9th 2009. The next cycle date falls between Friday 2nd March and Friday 9th March. If the major markets break below the lows of last week we can therefore most likely expect a low to form at this point in time - and if they can hold up today and rally from here the next high is likely to be struck in the 5 trading days between March 2rd '18 and March 9 '18. Whichever way it breaks from here should be worth following in the near term - but start to look for a significant change in trend in either event come 2nd March through 9th. Looking even further out in time this peak now is likely only an inter-generational cycle high, marking the half-way point in the old 18 year generation cycle. The real grand super-cycle high (high to super-high) is not reached on this chart until March 1st 2027. Time, as always, will tell. In the meantime, there's a nearer term FTSE strategy outlined below.
TVC:UKX
by sumastardon
Bitcoin BTCUSD Rocking it but up against important resistance Bitcoin Bitstamp Bitstamp Rocking It but coming to important resistance here too - can stay long to 8545 if day trading - and if intending to run it would still use the dynamic under price as exit as it can still have one more collapse...don't stay too full-on bullish unless 8545 can be busted above now....needs to consolidate some really but it's Bitcoin. It does what it wants. Day traders will close out and get long lower or if not and it powers through 8545 they have to buy back again once it does...
BITSTAMP:BTCUSDLong
by sumastardon
3
Bitcoin: BTCUSD Next Sunday Trading Buy and Sell PointsBitcoin Update Next Buy/Sell Points Coinbase Last Long Shot here but be ready to Reverse if signal is given 10:41 am GMT: Retest of neck line and OK whilst above 8700 - can buy dips back to 8720 with stops below 8700 on GDAX 10:48am GMT: Coming back now and still within the paralells - buy as low as possible to 8720 for small loss if wrong here...with stop under 8700 - but be ready to reverse short if 8700 gives way for 8300-8100 - with stop above 8750 10:50am GMT: The alternative is to wait until the little parallels controlling this downwave are broken on upside, not spiked, broken and then survives retest from above once broken. One higher risk, this one less so - 8720 now so small risk on stop. For further details please see top left of sumastardon page, above
COINBASE:BTCUSDLong
by sumastardon
BTGUSD Neutral but with Bearish undertone below 319BTGUSD Price action has been negative on BTG over the last few hours. It's broken important support at 319 and has since made a rally back up to the old support at 330 where it remains vulnerable. The break below 319 is worrying for bulls and the rally back to old support equally worrying for bears who have corrrectly shorted on the signal, a break below 319. The stop on the short should have been just above the entry level by a couple of points so will have created a small but annoying loss. It still looks vulnerablke from here though - the only way of escape from a mauling from the bears now is to break above 330 resistance line and then bust the dynamic/upper parallel, use 330 as support on the next pull- back and we have a long trade triggered back to 390 minimum and more likely to 419 and then 480. And for the bears to win out from here all that has to happen is for BTG to fail at 330 and then lose 319 support again and it will then start to fall away on lack of buyers. So it's negative under 319 and will likely put up a big fight at this level. So it's neutral above 319 and below 330 but with a bearish undertone whilst unable to find buyers enough to beat 330. A very difficult call at this point: it could go either way...no big hint of rejection or red candles enmerging from 330 yet but no worthwile green candles either. It's neutral again for now. Bullish over 330 on a suceessful retest and particularly when the upper parallel is broken on the updside and bearish when 319 gives way and then acts as resistance on the next retest from below. A wait and watch here. Do not be tired by waiting.
B
by sumastardon
EURGBP INTRADAY SCALPING ENTRY, NOT A GOOD R/R BUT CAN BE USEDthere is a bullish 4h setup, entry at price: 0,78894 take profit: 0,78963 Stop Loss: 0,78682 A Time management and Money management must be applied to the signals. Always have time stops in mind. This signals are part of my trading system that I have created for my students, it’s easy to use and is with a straight rules. so 100% clear. The market knowledge gives a bonus and a room for improvement , so market education is advisable, The system is given as a part of educational process. Limit orders are not shown here, but the system is giving them. Any questions can be asked using email, website or Skype. I really hope that even this signals will help you to keep your account growing. Sincerely Arturs J. Marenno www.marenno.com skype: marenno.business arthur@marenno.com A short - government required disclaimer: I’m not providing any advice, and I do not guarantee any profit. What you see here is only a share of my view of the market.
Long
by Marenno
3