TIME
Monster Bullish For USD/CADDaily retracement reached 76.4%.and I saw a equalievent time cycle.. Highly reliable buying setup. I am long now.
Silver starting wave 5 on a multi year timeframeHi Folks and Fawks,
Many of you noticed the gold breakout of its downtrend last month, while near future still is bearish on gold, the long term projection is extremely bullish.
Looking at the Gold/Silver Price Ratio we see that the ratio is at the 80x level, this was the top in 2003 and in 2008 before the infemous pice of $48. while silver price is staying a little behind on gold this can be explained.
we could see $18 silver this week
Last week silver opened at 15.195 high 15.565 low 14.785
and after the drop following the US labor figures silver closed (just barely) above the extended lower trendline (15-12-2015 - 29-02-2016) there will be some resistance at the $18.40 level
The current gold silver ratio is 81x
weekly fundamentals:
- India (worlds 2nd largest silver importer) jewellery shops and establishments (incl. bullion markets) are shut since March 2 after finance minister Arun Jaitley announced one per cent excise duty on non-silver jewellery.
weekly technicals:
- Two weeks ago we closed with a Engulfing Bearish candle. this followed on a monthly Bullish Engulfing candle (Nov).
another event to follow closely, the shanghai gold exchange Yuan-Gold Fix (april 19th).
i will continue to update this idea on a weekly basis.
this posting is not a signal to buy or sell now, always find your perfect entry on a lower timeframe.
Time cycles and the SPYInteresting observation using the "time cycles" tool. Last 3 time cycles have been the near exact highs and lows of the SPY. If we bounce down from here, it would be quite the coincidence! I would assume we see near new lows at the bottom of this new channel, but beware - just because its happened the last 3 times, it obviously doesn't mean its a pattern. Just an interesting observation I thought I would share.
Daybreak for the Pound/New Zealand?Good morning GBP/NZD, time to rise and shine :)
My case for a strong bullish reversal on this Extremely Valuable Pair {EVP} is due to the fact that: (1) It has completed a multi-month Harmonic Wave Formation and (2) the GBP/NZD is positively correlated with FX:AUDNZD and that pair is trending very aggressively into a multi-year bullish uptrend due to both Australian Dollar strength and a weakening New Zealand Dollar.
Time to get those Buy entries in ladies and gentlemen because the Bulls are out to play! I have no clue what the impact of a "Brexit" might do to the Pound but for now I'm surely long above 2.1170 due to NZD weakness.
Around May 02, 2016 we should have a clearer picture whether price will push higher or continue in a downtrend. Remember the "Brexit" decision is on June 23rd so until then we trade what we see on the chart. Around June 27th another harmonic time interval occurs so we shall see what happens.
USDCAD LOOKING FOR SHORTSjumping down to a smaller time frame and looking for some chances to get short
USDCAD. TIME TO SIT AND WATCHFor me its not worth getting involved. im going to wait for price action around the structure level
AUDUSDLooking for it to hit the big green X however it has to break the green resistance box. If it don't go well and how I planned oh well its all about learning and experience but I stand strong with my opinion from my technical analysis.
It will take a while but patience is a skill that comes with being a trader.
#LEARN #PROGRESS #IS #KEY... #EXPERIENCE #PATIENCE
BRENT CRUDE OIL near all time low. Pullback possible.BRENT CRUDE OIL near all time low. Pullback possible.
Time to buy Gbp/Usd is nowLook at the beautiful cross of trendlines - retracement after initial move up has come
and previous trendline down is being tested and acts as support now
Trades don't get much easier than this: SL 1.42 - TP above previous highs - at least 1.437
Enter now
NZDCAD - Selling Set Up - CAD Strong at this time !NZDCAD - Selling Set Up - CAD Strong at this time !
Bitcoin Bear and Bull Fractals at Crossroads AgainBears:
Bitcoin is showing weakness with a double top at $475-500 and H&S formation as well. A move below $400 on Bitfinex will confirm the bears taking over and a potential revisit of $340-350 and even $315.
Bulls:
If we manage to hold above $400 then we will stay in 2 weeks of sideways and consolidation and break out after January 15th towards new highs of $650-680
Note: Any bad news e.g. BitcoinXT Fork etc. can wick down Bitcoin to $275 then shoot it back up.
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Bearish week on japan, maybe a correction?After the strong rally, I'd expect a little downside. Nothing big , tho, although I could be wrong.
Shorting at trend-line break with large stop.
Shorting at resistance with small stop.
Shorting at upper resistance with minimal stop.
1% | 0.8% | 0.5% Equity Risk (ER) on each entrance.
