touching the swing low, so a bounce back up should be coming soon, but it depends on how good the dxy will perform.
Finally formed a base and broke trend line. With major equity markets painting a engulfing bar, fly to safety will push rate down.
My algorithm has detected hidden support in gold, buy the blue box. This should coincide nicely with the "risk on" "risk off" of the Trump administration. I'll be updating the chart as it flows. Remember closes matter more than wicks
If I decide to reduce shares in either of my holdings (FB, PYPL), CUR would be a small bet I would be willing to take. It recently shedded about half it's value since the huge spike up. It seems to have finally found bottom. I have support and resistance lines drawn in, if I end up investing, I would set a stop just below the support, and play the sell out (limit)...
We will know within the next week or so how likely this setup is... either way, if it falls below that risk level, get out! If it continues falling it will most likely only fall shortly until the RSI hits 30. I'll keep this post updated.
Seeing GBP gaining strength fundamentally, and there are no technical hindrances, I expect a move up to a fill of the Brexit week candle.
The Senate majority leader Mitch McConnell is making contingency plans for the growing possibility of a government shutdown ( www.fxstreet.com ). The RSI momentum indicator is starting to show a bearish divergence, after the "S&P 500" had reached my previous long target at 2800 points. Due to the uncertainty regarding the outcome of a government shutdown are...
BITTREX:ZECBTC Hi everyone, I see correction on many coins. now opening a not big position in Zcash with short SL on 0.045 (risk trade)
Hello. Two possible patterns appeared. H&S and W. Indicators shows bull`s tendens. For the last days my forecasts were very good with the help of indicators, so i think it`s more chances to go up from that point, at least to 17k (upper bb line). Cant say will it be higher or not, because we lack of fandamental now. The threshold is ma20 at 1d tf. breaking through...
As promised, here are two strategies for quick profits. BEWARE: Trading on 5 minutes charts with patterns that aren't as strong as their longer-term counterparts is VERY risky. Apologies for my messy charts, still trying to work out the best way to display and explain. Overview: If you have a longer term pattern in place, it becomes easier to...
If the trend line is broken we might be looking at 10x profit. Really Risky!!!
Foldingcoin tested support and rebounded up, I'm expecting it to reach 1400 so that would give about 4x profit from the time of this analysis. However its low volume so high risk.
As we all look to crush this financial opportunity in Cryptocurrency, it's always beneficial to open your mind to other strategies. In this post I'll show you my altcoin strategy for a coin with a smaller market cap (around $50M) which have the potential to give high % returns. Firstly, we see that this coin has had a run to the 27th Nov and has retraced back to...
As long as the uncertainty over Brexit divorce deals and irish border remains, I will be bullish on the sterling overall. A hawkish tone from BOC later today could be a major catalyst for this pair to move lower. A positive development on the brexit issue and a dovish tone from BOC later are the major risks for this trading plan.
On this 1H i spotted: - TL break - Trendchange - 50ema and 20ema break This is a huge part in the things I look for before entering a trade.
BRENT Crude Oil UKOIL Update A nasty failed break above the upper paralle lhas forced Brent back to the lower parallel, the entry point was hoping for, so am going long at 62.18 with stop under 61.90. And if this call goes wrong and Brent breaks below the lower little parallel of this flag forming now will reverse completely for fall to 61.12. If it's going...
Bitcoin A fantastic point perfect test of the parabola has held up Bitcoin so far. It's rallied to 7150 and stopped, coming back down to give a buying opportunity close to 7080, so look to buy as close as possible witha stop under 7050. If this ends up failing, we've had a valiant try and a faily small loss compared to potential gains if this is the to be the...
NASDAQ BIOTECHNOLOGY INDEX: NBI A good low risk Buy Point Coming Up Range trading between the parallels continues as it has done since last year's election low. It' looks like it should fall back to 3267 where it becomes a buy again with stops just under 3250. It should make a strong rally from here back up to 3575 for about 300 points gain, with the first...