I am currently neutral on NZDJPY because I prefer following the overall trend and this trade would be countertrend. NZDJPY seems to be forming a great FLAT PATTERN. I will be looking for a LONG position between 73,600 and 73,000. From my perspective I think the market will retrace until 73,000 because that would be 38,2% of Wave 3. Again , this might NEVER...
This is my personal view, If the BXY price is still showing strong uptrend then i assume GBPAUD price will start to climb up. Trade at your own risk.
what do you think?
This is my personal view and i do believe the price will either break out the support area or resistance level, Wait for price action to make entry and trade at your own risk.
Good morning traders, today we bring you an analysis on this pair that has been showing a particular behavior for a long time. 🔸As we can see, for about a year that the price has been without a clear trend on the Daily Timeframe. Of course, if we decrease the timeframe, we will find minor trends, but after the strong bullish momentum, all we can see is a...
CBOT:ZC1! In recent times most commodities have been heavily inflated. So when is it time to short these things on a macro scale? Well, if seasonality tells us anything, typically corn prices start to fall once we enter the month of June. There are 2 areas of supply on this chart, 1 of which we are already sitting in while the other is sitting at 627-680.
Short term SHORT - Long term LONG. Just hodl and buy the dip :)
There are some key levels to watch with Gold. This is a nice one to see if and when patterns may repeat themselves. Two areas highlighted in yellow show some similarity. This could be a short on a lower time frame. If shorting and you cannot take loss on your stop-loss, leave it alone. No suggestions given for positions and stoplosses. Price and price action...
GBP/USD still resides in our long term ascending channel. We've seen some choppy price movement over the last few days as price bounces in a 100 pip range. Will we see a a breakout to the downside and price reverse or an expansion to the upside for this pair?
I'm sure everyone is only reading this because you have heard of the #SilverSqueeze that's trending everywhere. If you are congrats. You're smart enough to know that investing in Miners is the smartest play of them all, which will most likely yield the greatest returns. I'm not going to give my full Investment thesis, because I don't feel like typing that much...
Silver took an unexpected pump north on 2021-01-28. Loads of short-sellers were taken out. Well part of the inside story is that bandwagons of 'robinhoods' on a certain social media platform, decided to conspire and pump it. They were the same groups of people who pumped GME. They believe they are powerful based on the GME effect, and can do this sort of thing...
If Bitcoin is going down about everything else in the wonderful world of crypto is too.. Hope people have been keeping the risk managed and can live to trade another day. We could possibly see a strong break to the upside to or near any of the three red lines you see her however Bitcoin seems inclined to follow Harold's Purple Crayon . I am so.. There's...
Yo whats up traders, today we are looking at G/U of course, this is the main pair I like to trade. Happy Friday to all of yall, I hope we all had a wonderful trading week. Lets make today count and end the week with some good vibes. Ok, lets get it; So as we can see, price is really staying in this range defined by my 2 blue lines, and from observation, we see...
The chart shows that the big bull market in copper may be weakening and about to correct. The 2H ATR (amber line) showing the bull strength, is vacillating in its conviction. Finally, there is a trend-switch for the south. This is a trend following set up - which means if shorting there can be no targets. Stop losses are usually difficult to define, are large...
Good evening traders, First of I've uploaded my 2nd video to my YouTube channel and it's longer than the first with updated and detailed information regarding the first one and how price action has developed, so please go subscribe to my YouTube channel, like and feel free to leave a comment on my post as these things will help my channel grow! Second of all,...
The Aussie has duly surrendered 0.7700+ status against its US counterpart and been below 0.7650 irrespective of Q4 inflation metrics marginally topping estimates, while the Kiwi has lost grip of the 0.7200 handle again eyeing NZ trade data after the FOMC. Further downside expected over the remaining trading sessions this week.