ALWAYS WAIT FOR THE RETEST and MANIPULATION. Be extremely patient and USE risk management and constantly read the news and try to understand if a currency will be appreciating or depreciating depending on the news. Today's price represents all the news and has been seen in the past.
Bearish Divergences of this caliber is a great risk/reward scenario. Sell here and risk a new high.
AUDCAD (1d) can break north or south. The position here is very tricky. Long squeezes of momentum and ATR resistance can be followed by price going either way. At this time only, there's more on the chart suggesting probability for the south. On the last bullish limb up to 3rd Dec 2018, price retraced down to a 76.4% Fib before a struggling recovery from 1st...
We forecast for the week ahead: 1) Outline anticipated move 2) Outline Contingency Plan 3) Create trading plan around Price Action (entries planned on H4, H1, H15 dependent on your anticipated exit)- Updates will be provided. 4) Create a Risk management plan for unexpected fluctuations 5) Sit back relax (See Related Idea Below)
Revisiting our Chart of the Day from Tuesday, where we took a look at the safe haven asset of Gold. On Tuesday we were seeing Gold catching a bid and trading higher on the back of a softer dollar and investors cycling out of riskier assets and aligning themselves with the risk-off assets. We discussed the longer-term setup of the head & shoulders pattern...
risk trade the price is in formation of trilpe ceiling and possibly a third fall as it has already done 2 times past!
Good day risk takers, The Market has been in an intermediate down trend since early April 2018, for the first two months of the downtrend it had a strong momentum. Market then started to run out of steam but slowly pushing down until entering an 11 month channel with occasional fake outs to trap sellers and buyers. In November 2018 Market tested support at...
As the American stock market likely continues it's decline, what I'm seeing here makes perfect sense to me.
so ive stopped posting charts , so this ones gonna be simple. looking for april breakouts on MMJ charts, including this hidden gem. finding support @.1, which is right above its initial open price 2 years ago @ .06. looking to hit the top of the larger wedge as shown above. possible 1000% gain if played out correctly., and have seen alot of buys @ this low level.
We have some important updates here on Gold after the previous chart (see attached: "Large triangle forming...?"). It is now clear we are in the final leg of an ABC sequence. It is time to start paying attention to the Gold chart over the coming weeks, there is a very strong argument to be made for a top being formed here. This can retrace as much as 1255 here...
#ADX / BTC ( Binance, Bittrex ) Buy Range : 3000-3100 Stop Loss : Not recommend Target 1 : 5450 Target 2 : 9900 Target 3 : 15450 - Adx backed to support on USD term and a bit lower on BTC currency - Very nice risk/reward to invest right now and wait for huge gains - Weekly RSI near touched oversold zone - Daily Chart looks good on the last days ( Rsi going up...
=> Here we are isolating the Yen once more and expecting a worsening outlook of US assets to continue which will raise the prospect of asset repatriation out of the US. Whilst risk may be rebounding temporarily as the FED attempts a dovish shift, and US-China trade tensions are likely to continue de-escalating, USDJPY will still like remain on offer amid broader...
CADJPY LONG TRADE LITTLE RISK HIGH REWARD TRADE
Those who have been following our commentary on Gold will have known 1180-1220 was our initial entry for longs when the position was anti-consensus. Once it started working we released the idea of longs towards 1345 and finally we are here after 14 weeks. Expecting a large retrace here as bulls unwind their positions and book profits, we have an opportunity to...
For those who have been following our previous idea (see related posts) you will already know we have been tracking this leg to the upside since 1200. We are finally starting to run out of steam for this initial leg and it is time to start looking for positions on the retrace. Initially we attempted shorting this before the market ran away without us. So in this...
In the late 1937 after the great depression huge money printing have happened in order to stimulate the economy... Many successful investors and portfolio managers have mentioned that we have been in the last cycle of the business cycle ! According to one of the most successful money managers Ray Dalio we have been in a similar perdion as the late 30s period....
For those who have been following our previous idea (see related posts) you will already know we have been tracking this leg to the upside since 1200. We are finally starting to run out of steam for this initial leg and it is time to start looking for positions on the retrace. => Inflation will begin to return in parts of the world later in the year (homemade)...