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XLMBTC analysisThere is strong resistance, we are just entering it. If todays candle will close above this line, we can expect rising to blue rectangle. What can happend and mostly happens after overcoming these strong resitances is small correction. It can goes to blue level where red arrow is heading. If todays candle will close like it is now, we can expect slow rising. In case this price level would be reject (long wick up and smaller body than now), price can crash to closest blue level (again red arrow heading at the level) or we can even go lower to stronger level made by two blue lines in bottom of chart. (This can especially happen if the rally what happened last weeks was not purely organic but was hyped)
by fanda
UKOIL: Brent testing support off the old highs. Strong stillBrent Crude Oil UKOIL Brent recently broke the long term parallels that had carried it faithfully within its force ever since the lows at 44. Now it's almost exactly 50% higher, with a new high set at 65.70. We were short on the break below the parallel and then closed out around 61.15 for around 90 pips profit. Good thing we did. Bad thing we didn't go massively long again there with stops just below for a tiny loss if wrong at that point. Easy to say now, and we would have in 'normal' circumstances, but that big broken parallel above was stopping it from even being contemplated. What a shame. A parallel that had been so faithful for so long now let us down with a poor technical signal (in hindsight only, unfortunately) for the first time since inception from the lows. Sometimes even your best girl/boyfriend can let you down. The resulting 450 pip rally has blown every bear clean out of the water, creating a massive impulse wave which is contained within the parallels shown on the chart. It is now probing the intersection of the lower parallel with fixed support at 64.25, the old highs - it's a buy here with stops below 64.15 for small loss if wrong. It's a sell again when the upper parallel is tested . Brent remains strong whilst travelling within the impulse wave and only turns near term negative again for test of 63.03 if the lower smaller parallel is lost at any point from here. Until we see that happen, look to buy dips to this smaller parallel with stops below it by 15-20 pips
FX:UKOILLong
by sumastardon
Bitcoin: BTCUSD Officially left the Building Last Night Bitcoin Update Still strong whilst within the new Parallels Having left the building (contraints of the last paralllel) last night Bitcoin went on a tear, nothing to hold it back now. After bottoming a second time at 13083, just under the 13210 next buy point and under the old parallel by 130 points...this would have stopped out the long from 13210 (in all likelihood, most probably using 100 point stop at that point so a good trade that would have been stopped out was at least avoided. But that doesn't excuse not getting long agin from 13826 level once it had been regained and thoroughly tested from above and survied the onslaught perfectly, with Bitcoin coming back down to test that level precsiely before bouncing away and now 900 points higher still...we should have had ALL that trade, every damn point. Another 900 points not won. Would trade that notional 100 point loss for that win though. Shoulda woulda coulda. Move on now.... Now Bitcoin is tracking a new set of parallels and stays good whilst within them. But it's beginning to tire and we are close to the 15 number now. Stay long here if you are already and only close out once the lower parallel is lost, looking for another test of 13826 where we look to get long again with stops 60 points lower if touched.
BITSTAMP:BTCUSDLong
by sumastardon
7
GBPCHF Multiple strong short signalsThe technical analysis, that is analyzed according to my trading strategy, shows there are multiple short signals on GBPCHF daily chart. Also considering the fundamental aspect, there are currently some uncertainties around the Brexit and the future relationship between Britain and the European Union, which can strengthen the theory of a stop to the gains. A bat pattern has been formed with its previous high being followed, by a bearish engulfing pattern. Now, with the latest high followed by an much stronger bearish engulfing pattern, that also breaks the bollinger upper band, I have a short trade signal, so I went short sunday evening, when the markets reopened from the weekend. My targets are currently around the 1.27000 and 1.29000 levels, but can change depending on the future price action. If the price fails to break below the 1.31147 level, the trade will be closed.
Short
by BonnelykkeInvest