At the Asian Monday opening today Palladium XADUSD rallied strongly but then pulled back under the neckline of the H&S's patterns on the mid-timeframes. See on the chart here where the RSI went into the overbought condition over 70 and it's RSI then pulled back to the 50 but in the last little while the RSI has broken out again. It has a lot of hightime-frame...
Please see my other charts on the bullish 1HR Heads 'n' Shoulders pattern for BTCUSD. I see further upside during Tuesday trading in Europe and New York for Bitcoin and Crypto in general. Gold is also hammering bullish today. See on this 1HR chart where price for Bitcoin has pulled back recently into the Golden-Zone on the Fibs. That is between, 38.2% & 50% copybook.
The Gold price will continue to Surge this week imo, mainly on very USD weakness & traders and people from all over the world are coming 'from-out-of-the-wood-work' to speculate on Gold's next move when The-Fed moves on interest rates in Mid-September. But the Silver price is still about 9.8% underneath it's high-price for 2024. Silver imo opinion has more...
Bitcoin following a little strength in weak volume weekend trading & then softness during Monday trading right around the world, has during Tuesday's Oceania & Asian session recommenced a rally fuelled mostly by this Head 'n' Shoulders Buy setup on the 1 Hour timeframe. It appears to be showing good strength so far today. Buy on a pullback perhaps..... It...
This weekly Gold Chart for XAU/USD shows the price action breaking out and above the consolidation zoned box. This imo means higher prices in the gold price during Fridays' New York Session. Trade carefully....... when price has really broken out like gold has today, always wait for a big pullback, usually on any timeframe to a 38.2 to 50 Fib level. They work !!
Everything you need to know is on the Chart Happy Trading :) _______________________________________________ Risk Management !!! Risk / Reward Ratio !!! Focus on the points above if you want to stay longer in this Mind Game !!!
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
USOIL has achieved a 61.80% retracement of its impulse bull leg on 30M and demand is possibly coming in at these levels. This is a lower probability higher reward for risk set up and needs to be approached with proper risk management. Targets of 3R are around the measured move area.
The UK EU Referendum has presented significant discounted buying opportunities, with many blue chip names anywhere from 5-15% down in the last 2wks. The uncertainty regarding the UK position in the European Union has pushed investors to see Gold, Treasuries and JPY, whilst fleeing risk equities. - IMO the next week or two will form a trend of oscillating...
Google C-Class shares i am bullish over the 6-12m, hence I am buying any 5-10% pull backs from highs. Goog has been moving sideways but i think it has just started a cycle higher, in which it is about to make a higher low at 710-15 before moving up again to 750+ 715-750 is a 5% move hence i am interested in buying at this price with reward skewed something 1.5:1...