GOLD/USD Is Looking BullishGold/USD is moving inside the ascending triangle Pattern and held above the current up trendline in weekly chart.
Recently it hit an upper line of the resistance. If the price action do retrace, I assume the current up trendline or fibonacci line would be a good bounce in price action and buy opportunity.
Indicators:
Macd line cross over with signal line for bullish signal for gold/usd. Histogram for buyer is also continue to building up.
DMI+ is above DMI- which current trend is bullish.DMX is still relatively weak (below 25).
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
Cfds
Gold/USD updateOn the weekly chart.. Price action is all above the Moving averages.
From DMI also look bullish, DMI+ spikes up above DMI- indicate a bullish trend. Keep in mind that DMX is still below 25 which is very low momentum strength for now.
it also possible it would broke the short term trendline within the symmetrical triangle and retest the yellow trendline below.
see the price value for the expected support also resistance.
DMI
As long the price action above the trend line extending yellow line. i think it will doing just fine.
this chart invalidated once it broke the yellow trendline or prolonged sideway
Peace.,
kcell jsc reg.shs:Being consolidated within "3.63 & 4.66"channelkcell jsc reg.shs:Being consolidated within "3.63 & 4.66"channel ,High stabilization of the above mentioned channel Triggers a bullish trend.
In general, low risk is evaluated
.
. Target 1: 7.12
. Target 2 : 9.24
Corn/USD Bounce UpLooks bullish.. looking forward a retracement into +- 4 $ or emas line after it's challenging the resistance at $ 4.28
Indicator looks bullish, volume is rising rapidly.
DMI : +DMI is rising and -DMI is dropping hard creating a huge range between them, bullish also DMX is rising too.. bullish momentum is increasing
Macd : buy histogram is higher than the previous high.. bullish sign so far.
Volume MA is rising
NASDAQ100 TO DECLINE FURTHERU.S. tech-heavy index, NASDAQ100 to face further decline as China steps up its own effort to counter U.S. tariff of 25 percent on Chinese goods worth $250 billion.
We previously discussed how the tariff war would hurt both countries and President Trump’s determination to bring back manufacturing jobs back in the United States would cost U.S. technology companies, which have a vast presence in China.
In response to the recent escalation of trade tensions where negotiations failed to yield results and both sides resorting to imposing tariffs on goods from the other, Chinese companies are asking their employees to cut back on U.S. products like Apple iPhones. It is hardly a wonder that the share price of Apple has fallen more than 17 percent from its peak in May.
We expect further decline should the tariff war remain escalated.
Trade idea:
Keep NASDAQ100 short with the following targets - 7041, 6650, and 6300. The index is currently trading at 7250 area, down almost 650 points from the peak.
FTSE100 - SHORT TERM SHORT - MEASURED MOVEThe FTSE100 appears as though it is forming a simple bearish flag formation. I would be a little cautious on looking at this as a Head and Shoulders formation, however it does look like we could be forming that as well. (leave a comment below letting me know what you think)
The move to the downside would be a measured move from the first leg down which was approx. 38 points.
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None of the information on this post constitutes any form of investment advice. All of the opinions expressed are solely personal and are not a recommendation to trade any form of asset whatsoever. Online trading is extremely speculative as well as risky and you should therefore seek advice from a certified professional. Past performance is not indicative of future results.
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1H WTIcrude EFC INDICATOR STRATEGYEFC Indicator is based on a RSI 20/80 level rules
EFC Indicator finds the last 50 candles fractal low
EFC marks entry point of breakout of that fractal low's high
Stop Loss and Take Profit are set at a 1 x 2 risk reward ratio
I added Williams %R (10 period, -10,-90, hort. line-50)to act as a confirmation of a good bearish downward move
Price and %R are consolidating and moving sideways
S&P 500 Pulling Back after Tariffs | $USD $SPX500After Trump announced more tariffs on China we can see that the S&P 500 has propped down quite strongly, hitting a solid support at 2860. We can also see that the drop was caused buy a very solid multiple to rejection.
Is this pullback a setup to Blow past our double top or will it continue to consolidate in it's current zones?
Day Trading $US2000 - +3.50 -> Hot momentum!If only every single trading day was like this one.
15 minutes in and I was able to call it a day. A very nice follow through right as I entered the trade, the market never looked in the opposite direction.
The thing I have to improve on is when I'm scaling out to maybe leave the last portion run a little more instead of setting a "hard target".
Hope you enjoy the video!
**NOTE THAT THESE TRADES HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
UK100 - SLOW MOMENTUM DAY -> -0.20% Hey everyone,
Today was probably a day that I shouldn't have taken any trades. Seeing as how it's Labour Day across many countries in Europe it seem like it translated onto the FTSE100 as well even though it wasn't a holiday in the UK. Nevertheless, the thesis for the proved to be right was just caught in a choppy market/
Hope you enjoy the video! :)
Broker statements
www.mql5.com
USOIL - Finally, Really Strong Reversal Signs!!Last week, we got a really strong rejection from the higher levels which ended up with a bearish candlestick pattern!
The rejection came (trade criteria):
1. From the Fibonacci golden ratio of 62%
2. From the previously worked resistance level (blue line)
3. From the previously worked support levels which now becomes resistance (orange lines)
4. From the ABC Equal waves, drawn from the bottom
5. From the trendline which is pulled from 2016 low, second touch 2017 low, it made a breakthrough at 2018 and now, this is a classical retest situation. The 2018 breakthrough has occurred with a strong and powerful candle so this could be a sign that this trendline works as a strong resistance!
6. From the Monthly EMA100 & soon also 200 EMA
7. Rejection area consists of 6 monthly high or low levels!
8. Possibly, we have a first stronger lower low during on the rally from the bottom:
9(!!). AND this rejection ended up with Shooting Star (sloppy bearish Engulfing, so, 2in1 ;P) candlestick pattern on the Weekly timeframe.
Setup is like a textbook example, let's see, what the market want's to offer us!
Feel free to support my idea post by hitting the "LIKE" button, it is my only fee from You!
Have a nice weekend,
Cheers!
*This information is not a recommendation to buy or sell, it is used for educational purposes only!
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