Short term trade Look at the support zone for signals to buy BTC
All of them break the key short-term resistance. After having passed that period of weakness characterized by bearish sessions, as we expected after Powell's conference. The three downtrends, which were due to start on March 20th post-FED, did not reach the respective support areas where we had hypothesized the target zones. As regards SP500, when price was at...
EURUSD* The technical cross-section**: Trend: -1 A strength of trend: -4 Overbought/oversold : oversold The priority area of transactions : selling Selling in the area of 1,1280 with a stop above 1,1340 and a profit in the area of 1,1220. Selling in the area of 1,1320 with a stop above 1,1390 and a profit in the area of 1,1220. The purchase in the...
Multiyear relationship between the U.S. dollar's strength and the U.S. trade balance (the balance of payments)
Not so big payouts for this one ( #USOIL) but US CRUDE IS climbing the hill, and there's a chance for a decent 66/33 option play (66%long call 33% long put). With long enough expiration dates and a reasonable target strike price, it's a good trade to take. Besides, trading oil contracts always makes you look cool!
Taking short from the 61.8 along with an expected trendline rejection.
Bought @ 5.39 SL (soft) 5.06 Long term Target 11.2. Possible lower target 10. Will be watching volume and for bearish signals there. Weekly and Daily look primed for a bottom/bounce. Keep an eye on bearish divergences after bounce because monthly still looks bearish and a high value buying area exists below 3.5 Higher risk trade. So lower position size for...
Powr short targets if breaking the ascending triangle.
EURUSD* The technical cross-section**: Trend: 0 A strength of trend: -3 Overbought/oversold : none The priority area of transactions : selling Selling in the area of 1,1280 with a stop above 1,1340 and a profit in the area of 1,1220. Selling in the area of 1,1320 with a stop above 1,1390 and a profit in the area of 1,1220. The purchase in the...
After ECB & FED turn dovish mentioning global slowdown, RBNZ had no option except signalling next move to be rate cut. RBA have already been pretty dovish helping AUD/NZD to touch monthly lows in JAN - MAR. AUD/NZD finally been able to close above daily 20sma, also forms good bullish candle on monthly chart. AUD/NZD seems ready to rally in coming days/weeks. Risk...
So I posted on Twitter that it would hit my exact entry at 1358 (IT did by a wick) . Now I'm thinking its getting primed up and ready to head to my wave 3 target at 2044+! Candles are also exhausted :) so im ready hehehehehehehe IGNORE THE DOUBLE BOTTOM NOTE I WROTE... THAT WAS FROM AWHILE AGO .. FORGOT TO DELETE.
USDJPY FOLLOWING STRUCTURE WE COULD EXPECT A NICE SELL OFF FOR THE THIRD LEG MAKING NEW LOWER LOWS AND LOWER HIGHS. IF YOU ARE TAKING THIS SELL ITS AN INSTANT EXECUTION WITH A STOP LOSS OF 25 PIPS. ALSO COMPLETION OF THE M FORMATION