CFD
USOIL COMING STRONG BULLISH WAVEStrong bullish wave ended at level 65.61
then correction occurred until 50% Fibonacci level at 58.32
Price rejected from major uptrendline
MACD shows positive divergence
Price is supported above HVN at level 58.25
RSI is in uptrend
We r expecting for coming strong bullish wave to target the resistance zone at level 62.80
GER30 Investors Strive to Break Above Historical High LevelPrimeXBT is here again with another technical analysis breakdown, and today we are taking a look at the GER 30 .
The Germany 30 Index has continued to churn sideways above the 12900 key medium-term pivotal support and slightly below its strong resistance that exists around its all-time highs near 13590.
The price action combined with the Relative Strength Index is staying strong, but GER30 has formed a bearish divergence, which often indicates that a trend reversal is forming from bullish to bearish, and a downtrend or valuation adjustment could soon follow.
In addition, given the bearish configurations seen in the S&P 500, we don't have the conviction to maintain the bullish bias for the Germany 30 Index. Thus, its trend will likely turn neutral at this juncture between 13590 and 12900. A break below 12900 and the middle line of the rising channel validates a potential corrective decline below the 12500 levels.
On the flip side, only a daily close above 13600 opens up the gates for a further rally to target the next resistance at 14550, which is a 1.272% Fibonacci level and upper boundary the large ascending channel.
Once the price reaches the resistance 1.272% Fibonacci level, a rejection could cause a fall to the previous all-time high level.
Support level: 12900
Resistance level: 13590
Day's range: 13361.8 — 13508.0
We appreciate the continued support that PrimeXBT has received from readers and traders like you, and hope you have great success with all your future trades!
DAX (GER30) is near the Historical Key Level...The price is near the Historical Key Level 13600.0.
It's a huge chance that it will bounce down.
The best Sell entry will be after the false breakout.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analysis.
Write your comments and questions here!
Thanks for your support!
USDBRO Brent Daily Long with 3 TPs with 50 Pips Trilling SLwe believe the First TP should be Triggered in order for the harmonic pattern forms and then it should touch the Second Target for completing the second pattern and henceforth till 3 TP,
keep in mind it is a Buy order with a 50 Pips Trilling Stop loss.
there is a Buy Stop for the 3 TP with 50 pips trilling SL,
If the First TP is broken and passed the First Level we are expecting the Second Target to be our next Goal but If it could not pass the First Level and a Big Retracement happens then we have a Second Scenario and we should look for a reversal...
be careful about your Position Sizing and it should be Proportional to your Account Balance as it is a very long Time Analysis and Trade, each candle is representing a Day so it may take up to a month or more
Entry and Exit points should be considered in a Range of Pips not an exact point.
Enjoy Trading sensibly
please do n't hesitate to Ask us any questions in comments.
Good Luck
GOLD is above the Mirror Level!The price broked the Mirror Level 1557.31 and made a false breakout after a pullback.
We can open Buy if it will make a retest of that level.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!
XAU Update / Cup IdeaJust something I've been looking at as a possible scenario...
Will post a more indepth analysis when we get a short term answer...
On the livestream initially we had shorted 1490s but then flipped long @ 1502 and again @ 1512.
Now we look much higher but lets see what happens here.
Previous analyses:
(38.2% Retrace, weekly chart breakout):
We start targeting 1600's LAST JULY:
We identify the breakout from $1300:
Good luck traders
Gold can Test Weekly Resistance Levels
1W Chart:
Below the week there was little difference between the trend line and resistance, and this did not include a good risk / reward ratio.
I shared ideas about the trend towards gold and precious metal stocks.
But I think it will test the resistance of 1569.4 in a short period of time with the addition of Iran news which are already moving towards resistance.
A long signal on the weekly chart was taken a few weeks ago, but as I said, I waited for the trend line break.
Then an invalid short signal was received, which is due to high volatility.
That's why I don't recommend large transactions, but it has a nice risk / reward ratio because may considered with reasonable small amounts.
It can also open from above at opening.
Parameters :
Risk/Reward Ratio : 1/2.65
Position Size : %1
Stop-Loss: 1545.96 ( Manually taken from 1546.22 )
Target : 1569.4 (1W Resistance Level )
You can look at related ideas to look at my general view of Gold and Global Markets.
Overall I am expecting a more mercantilist financial quarter.
If the air becomes more serene, the industrial metals will take its share.
But now we are in the short-term stop and wait mode for stock markets because of news from Middle East.
Regards.
USOIL, The best place for Sell...The best place for Sell will be under the Historical Key Level 66.60.
I will open my position after the false breakout of that level.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!
GOLD is close to 5-Months High!The price is close to the Key Level 1557.32.
I will open Sell after the false breakout of that level.
Potential profit will be in 3...5 times bigger than risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!
GOLD, The correction is possible..The price is near the Support/Resistance Zone and can bounce down to the previous Zone.
I will open Sell after the false breakout.
Potential profit will be 3 times bigger than the risk.
Push like if you think this is a useful idea!
Before to trade my ideas make your own analyze.
Write your comments and questions here!
Thanks for your support!
To success — ask simple questionsHello friends, first of all, you can support this idea and follow simple questions in your trading. This post will help you find your ways in trading.
Before any trade, ask simple questions and make sure you have answers.
Can you afford to lose some amount money? — Accept the risk. Don't fool yourself.
Do you have a strategy for trade? — Plan where you will get profits and where take loss.
Are you in right state of mind? — Make sure you're not biased to something in this trade.
Do you have confidence in your analysis? — Get more knowledge of TA, and what works for specific asset.
Is there any news may coming to impact this trade? — Bad news or even good news could change direction for short-term. Be ready for everything.
Is there any reasons not take this trade? — Well any reasons here, schedule, work, health etc
Is this is a safe trade? — Make sure you are not jumping in trade in FOMo, check yourself and risks.
Stay profitable, this is ArtemCrypto