Hello Traders Another Tactical Trading Tuesday at your discretion. Here with a Descending triangle that has been in play for the past two months. The trend held up very nicely thus far. Forming a solid resistance. On the other hand support was also found on and around 9300. So we are geared towards long direction with a breakout and continuation. If the...
Hi Guys, the scenario hasn't changed much since my last post. DXY still looking bearish into mid week11. FOMC meeting due tomorrow. 50SMA keeps pushing despite divergence with RSI. A,B and C are lower lows. RSI is making higher lows compared to price. If the index re-climbs above 1000SMA and crosses the 50SMA for the upside at the same time, DXY may commence ...
A 2008 style VIX superspike is currently building into this market, It has not finished it's double top. This is the same VIX analysis except the spike to the left is described in it's normal Double-Top with a 1,2,3 decay harmonic. 50/80 Double top can be realistically expected shortly .. With it 1500 point drop in the DJIA could easily be expected.. And...
Hey everyone ! Im wishing everyone great holidays with their family and loved ones. Trading is done for me this year. Enjoy your free time with family and friends. Lets start fresh in 2019 with even bigger goals. See you guys there ! P.S. this will be the pair i will be looking at in 2019
Hello Traders Looking further into a choppy market indeed I present to you my tactical entry on EURJPY. The price has been fluctuating within a funnel here on the 4h chart. We are looking to position in a potential continuation.(looking at 128.000 round number as potential level) Also note that this is the third time that price tested the funnel and broke it...
Hey guys, here we go again. Im thinking of publishing every trade i take here for a time from now, what do you think about it ? Leave a comment. Today in US Market Session we entered a buy on NZDUSD. Above you can see our analysis on this pair on the 4h timeframe. Price formed a support zone (marked in the grey box) - even on the daily. The lowest low is a fake...
Bitcoin BTCUSD Tuesday Trade Points Price action since Sunday's break out has been listless and lacking any real direction. However there is still bull evidence mounting - firstly it has not broken down completely after losing the supporting dynamic yesterday, but has instead formed a continuation pattern on top of yesterday's flag, using the same lower...
CAD/USD Monday's DXY weakness hasn't done much to help CAD rally...DXY should bottom Tuesday at either 94.28 or 93.99 (down a further 0.2 or 0.5% from here) at which point all the Dollar pairs should start to fall away again. Look to short CAD Tuesday as per short set-up on chart
Of course DAX movement for Monday and Tuesday. Seeing that the DAX has been swinging a lot, I think this week, at least initially movements will come something more moderate. I think we'll start the bearish week, I put in red the approximate movement that I think made the DAX blue color and movement that take place on Tuesday. I do not know if there will be any...
I believe $RT is ready for a pullback reversal 5-5-15 My levels are as follows Entry: 7.25 Target: 7.75 Stop Loss: 6.90 Good luck and be safe