GOLD200 DAY MOVING AVERAGE HAS BEEN THE KEY FOR GOLD FOR A LONG TIME. WE HAVE REACHED THAT AREA TO BUY BY DECEMBER 15 IT WILL HAVE ALREADY STARTED THE MOVE UPWARDS
DAY
Eur/usd weekly outlook for a continuation to upsideAfter a wonderful short setup on the previous post we expected price to test liquidity level to confirm continuation with overall trend to upside.
---->Price has broke the counter trend line which is also forming "higher lows"
----> Price respecting the 50% fib level which is the golden fibonacci level.
----> the dollar index show weakness to upside and we could see price now for eurusd continue to upside
Key areas to watch for target to be achieved
--->resistance level around 1.18250 level which is a highly point of control of the market and that give as a risk to reward of 1;1.3 in case we break that level we could see price continue to upside. 1.19000 level which gives us a nice risk to reward of 1:5
---> If price close below 1.17850 level the the trade becomes invalid. also have an eye of how market react cause it is monday
BULLISH ON CRUDE OIL.Been holding this chart since 9th July.
Bullish till $44/$45 and then we may see the continuation of the Elliot wave pattern (ABC)
Why $44? Because that’s where the 50MA hangs on the weekly chart.
Or we could just continue to go up, whatever the case I will follow what the chart is telling me.
Only looking for buying opportunities in this market since we are still clearly in a uptrend. I wouldn’t get bearish until we close below $41 on the daily chart.
CrudeSignals.
Intraview bearish flag pole View intraday view bearish flag and pole
Sell below 1085 with stop loss of 1095
TSLA | Battery dayBig cell, big cost reduction, and performance boost.
Rest in peace ICE car. Tesla again, growing exponentially and more cost-effective.
Next years are going to be in bright green sunlight.
NZDUSD H4 - Long Trade SetupNZDUSD H4 - Nice potential break and retest play could be seen here, we have already had a minor break and retest. But could expect something on a slightly bigger scale to confirm a break of previous highs.
EURUSD- NEVER OPEN A TRADE AGAINST THE TRENDHello Traders,
Again the same point of view. Two scenarios, the price couldn't consolidate for a long time specially on this pair which is the most volatility one. Therefore, follow the main rule never fight the trend, we trade on Foreign Market, we don't create the trend , obviously we don't change it, we can't. Just follow the wave. The rules are on the chart. Lets see the paint.
Thank You.
Buy “Lower”, Sell “Low”For the past month (June 2020- July 2020) this stock has traded at 2 different price points. Although volume is low, I see it as an opportunity to buy stock at .005 and sell at .001 on a repeating basis with limit buys (.005) and limit sells (.01) set. This has continued to be profitable strategy for me and is available on the Wealth Simple app (Interesting because there are not many stocks under 50 cents available to trade on the app)
More Bullish behavior ahead?After a 4 month long bull run and having a nice little pull back it seems like we are ready for take off again! We have formed a new up trend on the 4HR time frame with higher highs and higher lows and have just broken above a resistance level, I am waiting for price action to reveal its self with a rejection of this area and we are off to the races!
REMEMBER!!!!
WAIT FOR CONFIRMATION AND MANAGE YOUR RISK
DON'T BE A GAMBLER
happy trading!
-Nick
Change of trend? Short/Mid term bullishGBP/USD has changed its short term down trend, look for a retest in the lower resistance area. If that area holds the first target is likely. Pay attention to price action after the first target is reached and lets see if the bulls can take back over!
Happy Trading
-Nick
netflix analysis in 1 day (BUY SIGNAL)this days tesla keep going and for buyers you have to keep your position (BUY) my be the next day will go down but this is not a bad signal
GBPCAD Buy H4 & D time frames it has retraced back to 0.618 level and we are expecting a huge reverse on the trend
we can see MACD divergence in lower time frame which initiates the actual move
the reverse shall continue to minimum if 100 level of Fibonacci extension from this current position
or else if the price falls we may witness a complete trend change
$UONEK and $UONEIm just thinking about how bad I missed that chance to get in from June 15th... lol
Still learning.
