EURUSD IDEADo your own analysis ...
Dont Forget Moving StopLoss At Breakeven
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. You must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
S1
Silver & other commodities have more downside, SILVER TO $16.00!Commodities are feeling the downside pressure due to the strong US dollar, there is money flowing out safe-haven assets into the equity market since it's been climbing to all-time highs.
Silver forms a very interesting pattern and has been doing so since the start of September when it fell drastically from the strong rally. The pattern involves a strong 1-2-day drop then consolidation, slight pop into the broken support now resistance then another stern drop forming a downward channel for the past 3-4 months.
We expect the continuation, a slight slow pop on weak volume into $17.45 resistance based on the broken low and top of the channel then strong drop through $16.75 into $16.00 potentially.
Disclaimer: This idea is for educational purposes only, this is not a definite trading/investing signal. Trading is risky and should be taken at your own accord.
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After an ABC correction, the S1 support was able to handle the fall. It seems that we are already starting a reversal.
How sure are the bulls?Prices came up with strong bullish momentum yesterday amid China-US trade negotiation will have better outcome.
From the technical analysis point of view, the bulls momentum will continue if it break and stay around the trend line again today.
Consider the US midterm election is around the corner, bulls may continue around the 900s.
Soybean Futures Momentum BearishThis week price closed with strong bearish momentum after hitting the reversal zone.
With production estimated up, and uncertainty with China trade, the bearish momentum may push further to 854 - 820 level in coming weeks.
Looking to complete the downward range to -27.2% level of the weekly Fibonacci retracement range.
SBO bearish losing momentum, bullish may take placeAnother Bullish momentum may bring the price towards 853 (previous high)
Dow Jones: Last chance for bulls to get back in controlThe S1 support of the last months shows a clear rising trend with a low in April 2018. In green I colored the potential support for the next month (July). If this next S1 support area gets confirmed in the following weeks it would mean that the Dow Jones remains in a long-term uptrend.
Soybean might have bottomed (2017-06-06)A clear five waves down has completed with a flat correction and sharp zigzag correction. Soybean might have bottomed here.
It provides a good R/R entry opportunity here.
Good luck for everyone!
Soybeans settle into rangeSoybeans settle into their "normal range". Time to sell straddles or strangles.
Soybean -- good position for medium term longNice position to try long from here (945).
Stop below 935 (daily close).
Soybeans: Potential Confluence of 2 Bearish AB=CD PatternsMy main idea here is to watch for weakness and short in the red area which is the completion of the two bearish AB=CD patterns shown in the chart. There is also a longer term downtrend line at this zone which would be a nice place to enter. At that point I will also look for divergence in my indicators, as well as check for any warning signs such as large bullish candles, etc.
For this idea to play out Soybeans still has room to the upside but there is of course the possibility that these patterns do not complete. So for the shorter term I am watching for trade set-ups in either direction with a slightly bullish bias.
Your comments and feedback are always welcome and appreciated.
Soybeans: My Long Term Perspective and Possible PatternsIn the chart are potential patterns which I have identified on the long term Soybeans chart. While only some or even none may complete I will be using this idea as a journal which I am planning to update every week or two regarding the patterns in the chart or any new patterns which I can identify.
If the smallest AB=CD patterns shown fail the trendline will probably have also broken, which would suggest to me we could get enough bullish momentum to take us to the completion point of some of the larger patterns. I am very interested in seeing how this chart will play out.
If you have any views on Soybeans please share it with me!
Trading opportunity for SOYBEAN (2017-01-09)A nice structure formed. It is time to break out of the wedge. Good opportunity with low risk.
Good luck for everyone!
Soybean - A Descending Triangle PatternLe'ts take a look at the Soybean Futures market by examining its 2hr chart. What do we see:
- Price has consolidated in a descending triangle.
- Support @1130 running flat
- Resistance is the downtrend line.
- A break out of either way will tell us about its next going direction.
A descending triangle is usually a continuation pattern so here the upside is favored as Soybean price is bullish in daily and weekly chart. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns.
Stay Tuned.