DOWG: Dow Global: All major markets positive whilst above 2950DOWG: Dow Global This index is extremely useful as confirmation/back-up for all other major market trades as it's so free of false signals compared to Nasdaq for example. It's just tested and bounced from near term support at 2950 today. Whilst above here major markets across the world will remain positive. It's that simple on this index. That's why it's so damn useful. Hope you find it helpful!
Major
USDCHF- H4 Channel Break The price action broke the channel here.
Our strategy has rules in place where we need to see valid pull back in price action before taking a short trade on the break of this channel.
We see here that it is consolidating which is a good sign that its going to break to the down side. Keep an eye out on this pair as it will most likely be a quick move.
USDSGD LONG term (major trendline breakout+reversal pattern+fib)USDSGD LONG term (major trendline breakout+reversal pattern+61.8% fib rejection)
USDSGD LONG term (major trendline breakout+reversal pattern+fib)USDSGD LONG term (major trendline breakout+reversal pattern+ 61.8% fib rejection)
EURUSD More Upside In The Short-Term.So, the eurusd is making a higher high and higher low sequence in the short-term. Structure wise we expect the market to test the 1.1150 levels before the weekly downtrend could resume. If the market breaks below 1.07775 we wouldn’t be looking for more upside anymore. The reason for that are intermarket relations, structure and correlations reasons. We don’t want to go into details because we want to protect our client’s priority.
Overall, we don’t like this pair either to buy or sell and as of for right now we will be on the side-lines.
Never risk more than 0.5% per trade and never overleverage your account otherwise you will lose your account.
Cheers
Your Secrets2Trade Team
Bitcoin update:BCUSD - battle between Bulls and Bears continuesBitcoin is caught in a major battle now between Bull and Bear with Bulls looking favourites to win in the end - so long as 1689-1679 can continue to be defended at all costs.
Bearish butterfly on the GBPUSDStochastic overbought on the daily. Trend has reached a strong resistance zone. If the trend continues to move up and passes the box consider the harmonic pattern invalid.
Wait for your sell signal.
Always use risk management.
:)
USDCAD SHORT term MAJOR trendline Rejection expectedUSDCAD SHORT term MAJOR trendline Rejection expected
Wait for a good risk reward
GBPNZD SHORT term major Resistance rejection & harmonic patternGBPNZD SHORT term major Resistance rejection & harmonic pattern
EUR/USD – Eyes 50-day avg supportFailure at 1.0767 earlier today followed by a drop below 1.0739 (previous session’s low) adds credence to the failed bullish inverted head and shoulder breakout and a bearish break from the rising channel and has opened doors for a sell-off to 50-DMA support seen at 1.0676.
On the higher side, only a daily close above 1.0828 would abort bearish move.
EURCHF LONG term Major support rejectionEURCHF LONG term Major support rejection.
This is not my analysis -credit EXCAVO
the best view at this point.
GBPUSD SHORT term Waiting for Trendline & Major support breakoutGBPUSD SHORT term Waiting for Trendline & Major support breakout
XAUUSD SHORT term major resistance rejection expectedXAUUSD SHORT term major resistance rejection expected, wait a daily reversal.
AUDNZD SHORT term Major resistance rejectionAUDNZD SHORT term Major resistance rejection.
place your stop loss below the resistance.
$OCEE Not much to say except Stem Cell Patent and Reverse MergerWatch it as it still is low on the RSI with major potential now.
Wait and See AUDUSDStill need data from US before make any decision...
Signal from price action like bearish engulfing will be a good consideration to sell here...
BEARISH TRENDLINE BREAK GBP/USDAfter a bearish week previously I am looking for additional trades short after profiting from the initial break of the inside trend line. A little retracement up to 1.2400 area could provide an optimal short opportunity with targets down at 1.2500 with a 2:1 risk reward.
if market does not retrace, a strong close below 1.23113 will also provide a decent shorting opportunity with slightly lesser risk reward gains with targets also down at 1.2500
EU Long, POT extend of the leg or rejection thru the UptrendEU is now in the basic rejection uptrend line, potential continuation thru the Strong Uptrend line and rejection to the major resistance in 1.161.
There is another resistance at 1.39-1-41, however this is not strong, just confirmed in the last 3 months
