Copper just made a peak and is gathering downward momentum. I entered this trade yesterday, but I believe there is still potential and the trend may last for a few days more. The weekly shows the same pattern and we are crossing the Ichimoku cloud soon, all good bearish signs. Targets are on the following levels of the pitchfork. Thanks for your comments.
We all know there are no silver bullets, specially when it comes to trading, but this play looks promising and there are several signs that should raise some red flags. We entered a bear market since last top around 21 and since then we have been oscilating between lower highs and lower lows. I believe this trend will be kept until US elections and/or rate hike,...
This gartley completed and is showing clear signs of reversal after going through the values on the potential reversal zone. We just hit the limit of the Ichi cloud which gives us confirmation on the new trend. This is on line with USOIL and XAUUSD new uptrends. Thanks for your comments and likes.
Now that we've tested the potential reversal zone and we have a signal from the indicators coming back from the overbought, it seems to be a good time for placing a short. I appreciate your comments.
Hello everyone. Been a while since I traded again. I've been holding back since Brexit and trying to avoid trading with the US elections going on but started looking at charts again last week. Today I am entering short on WTI Crude Oil. I have entered at the current price of 46.94$ with a stop loss of 50$. Please use your own judgment if you trade in agreement for...
Last friday we saw another failed attempt from bulls to take over the market. The result was this daily shooting star candle, signaling the beginning of the downtrend. The 0,5 angle is now acting as resistance and next target is at least on the 0,382 angle below. My short signal is active on the weekly and daily, and even the monthly which I rarely look, is...
Fed Willams was hawkish on the margin and much of what was said was in line with Dudley and Bullard today/ this week in what looks like an attempt to give the USD a support as it slipped and closed below the 2yr average today and struggles to find support despite 5-consecutive days of selling. Trading strategy: 1. Given USD weakness I like GBPUSD shorts at...
After last NFP jump, the trend in this pair is continuing the way it was before. This spike opened a great entry opportunity for a short. My signal activated and the risk/reward is quite good. This is online with the rise in oil that started last week. Target for the long term unit is at the confluence of 1:1 projection and 1,27 fib extension.
This Fib channel frames well price action and the 0,236 is now acting as resistance. It is highly possible that we revisit the 0,5 and even 0,618 retrace. Weekly and daily momentum both show downward pressure. I will keep my short for a few days, unless resistances are broken.
After travelling on the overbought region for some time, it seems XPDUSD is now ready to retrace. We just touched the 0,618 angle of the fib speed resistance and already heading south. First target on 0,5 angle around 620's coinciding with last peak, and secondary on the 0,382 on the 600's. Wait for your signal and enjoy the short. All precious metals are on this...
Copper just peaked and today's candle seems to be the beginning for a few days of more down pressure. The first target is on the centerline of the pitchfork around 2,15 and another one on the lower line at 2,09. Indicators signaling the coming back from the overbought region are well aligned for this short.
1. IMO Dudley tipped to the dovish side, especially on key inflation highlighting that it is " rising again, but still low". Other rhetoric reaffirmed much of what has been said post the brexit vote e.g. Uncertainty being the biggest factor. 2. Meanwhile, Williams was notably more upbeat/ optimistic, shrugging off the US's shock miss NFP report to instead...
All these indicators show a resistance that we are close to reach, let's wait and see if it breaks or bounces. Price is also reaching one important level of the pitchfork.
Stock popped a couple percent even after missing earnings estimate this morning, which put the price above the 100DMA for a little while. It looks like Williams %R is about to cross back down from the overbought zone and there are 3 resistance indications meeting at this time: 100DMA Fibonacci retracement (0.618) Fibonacci fan (0.382) I set the target and stops...
Williams: The alligator's mouth is horizontal but points sightly down - closed - asleep. Momentum is approaching zero. It's been a while since a new high. The RSI is pointing downward below 50. Expect a nice move down - a significant correction to the dollar bull market...could be several months. Sell on a break of 115,842. Bollinger: bands (20ma) are...
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Fresh demand level reached. main trend is downtrend BTW. Williams %R also showing oversold. I'm expecting price will go up to the inner trendline level (also inside a fresh supply level)
CM_Willams %R and CCI BackGround Highlight Created By User Request Indicator Highlights: Creates Red BackGround Highlight if CCI Or Williams %R are Above Upper Line (User Defined) Creates Green BackGround Highlight if CCI Or Williams %R are Below Lower Line (User Defined) Ability to Turn On/Off either Williams %R or CCI Highlights in Inputs Tab via Check...