I will go short on this pair on the break of the red TL and moving averages. This opportunity is viable only on the break on the TL, before that we can expect a move up to 0.76366. On the break, I am expecting the market to go down to .68 to .67. Now that is 10 % downfall which also means that for a person who uses 1:10 leverage that's 100% return on the capital...
The big direction of this ratio is obviously down, and there are only three ways this ratio can go down: 1. Silver going up and Gold going down; 2. Silver going up more than Gold going up; 3. Gold going down more than Silver going down. #3 is very unlikely and #2 is most likely. Personally, I'm long both metals.
This is the the ultimate market measure of economic/financial well-being.
Follow this chart for decision between US Treasuries and Gold.
Watch the lines. This chart can guide you if you are pursuing the strategy of being long Gold/VIX, and this ratio dropping means you are winning.
Watch the lines. This chart tells us how much/how urgently people are selling stocks to buy gold.
Watch the lines. This chart tells us how much/how urgently people are selling stocks to buy gold.
Watch the lines for a place to jump in.
Looking into this bearish market, focusing on this daily trend... Shorting @ 1.2575 if price can show me further bearish signals. 50 point stop 100+ point TP
NZDUSD UPDATE! Price stalled at previous daily support @ 0.67767 making a higher low .We are now seeing some bullish momentum a #break and retest of the CTL on lower time frames would suggest longs in the pair, however strong resistance around the 0.68727 area could possible prevent further longs to Upside target 1. If a clear break of daily resistance/previous...
Flagpole forming on daily chart. Long based on length of flagpole. This long would fufill a bearish ABCD pattern if it plays out, meaning it would be a good time to short. In addition, the stoch is crossing up from oversold which the MACD shows signs of turning green. Don't miss this one, I've got a feeling it might just be epic.