PUSH
Final push up for the EUR against the POUND?Since I am currently in a long trade for a final push up I will not be getting involved but we have a nice double bottom on the 4H and 1H, now at a Risk reward of 3.56
Good luck, if correct im expecting price to test the previous 4h highs and then start to see a reversal in the trend and become bearish.
Daily shows bearish divergence and an asceding channel, quite a strong combination on the daily TF.
Good luck guys.
My final target for this is
0.90382
XLM is looking ready for making a big pushXLM is looking fantastic at the time of writing for some major bull-movements on the mid-long term.
1D CM Stoch fired Buy a couple days ago for the first time in a month, and Maxx Momentum has shifted from bearish to bullish awaiting a crossover in the following days. I'm very excited to see where XLM will end!
On the long term we have been holding well despite the big BTC dump which is directly telling me that this is a strong asset not directly controlled by BTCs price movement. Even though we might get another leg down on BTC, I feel confident in XLM holding this range. What we need to take back ATH is breaking up from the current trending channel and getting a confirmed bounce. The orange lines on my chart is not random places. These are daily and weekly levels which needs to be tested and regained for further growth.
Please leave a like if you agree with this analysis and make sure to follow to get more updates :)
$EOS #EOSBTC Is it really about to repeat its previous push???Hello Lads and Ladies,
Today we are looking back into EOSBTC after the end of the really mesmerising ICO and the 20% it made within a few hours.
Some fundamentals about EOSBTC first, we have been moving in an upward tilted channel for quite some time now. The fibs line are respected when finding the top of the push and also when retracing, that makes our lives way easier.
So basically what we saw happening with the spontaneous 20% push, already happened just less than a month ago, it retraced to the new uptrend support line (green arrow) and started a humungous push. To be really honest, I really believe that this has chance of doing it again. If the news stay positive and the whole market does not go south, the chance of it making the same move again would be around 70%.
The indicators would be here the 61.8% line that we are approaching that already is known for its big turn arounds and would also just above the new trend line just as it was before the first huge push in may. Moreover, just as it was before, RSI is locating itself at around 50 points, well guess where it was before the huge push in may... 50.
I know all of this would be beautiful to work out and the indicators are almost too good to be true. Therefore we need to talk about the 30% chance of it going back to the 50% fibs line just as it did the last time when the chart hit the 78.6% line. From there it would most likely come back and cross over the new trend line, or locate itself in a channel.
In case of a humungous push, my sell orders will be located before the 127.2% fibs line, before the 141.4% fibs line and between those two.
Like and Follow me and you will find this page interesting because I am a TA expert and day trader that does daily updates and new posts about the hottest and most discussed coins.
Cheers, Tomas
Crude Oil Brent: UKOIL Looking to close out on test of 63.80UKOIL: Crude Oil Brent Update
In the last comment stops were raised to just under 60 as we continue to run this long-pull swing trade to its conclusion,
which may happen on Tuesday coming. The low yesterday was 60.01, so it came within 6 pips of stopping out before rallying once
more. A damn close run thing, as Wellington said of the battle of Waterloo.
Still looking to close out on the fourth strike of the upper parallel that's controlling this entire up-wave, around 63-80 to
64.20 range, if struck. If not will probably close out just before the Opec meeting on Tuesday coming.
Long-time readers may remember we ran with the last Spring rally earlier this year right up to the morning of the Opec
meeting on 24th May, selling right off the highs at 54 and then buying back at 44 and then again at 46 for the current rally.
Selling on the news, well just before it, may well prove to be right thing to do again. Ideally, Brent will hit the upper
parallel around 64 and that will be time to exit with 1800 pips of profit (with 30 pips of original risk) on a 4 month trade.
(Try making those profits on Nasdaq, cowboy) Otherwise will likely sell before Opec (on Monday night).
Of all the 100,000's of financial instruments out there from Bitcoin and other less reliable fiat currencies through to bonds
and stocks no instrument trends like Big Oil. Nothing is so wave-like, trend-like, or, usually, so helpful to traders.
If anyone knows a better complex to trade than Big Oil, from a technical perspective, please message.
The stop has to stay under 60 for now.