BitterSweetMarkets

BitterSweetMarkets

Most of my research surrounds tracking what the commercial hedgers are doing...the so called "Smart Money"

BitterSweetMarkets

This could be the beginning of a reversal...

BitterSweetMarkets

Tech Analysis for an investor...

BitterSweetMarkets Updated 

12660/70 area if reached will be where the bears pile in..imo !!

BitterSweetMarkets

A break from the usual ! An exotic currency pair at best, but the principles the same..

BitterSweetMarkets

Above the 50% fib level we look to buy on strength....If it holds look to test the 38% level.

BitterSweetMarkets

Taking long position, stops below trend line...

BitterSweetMarkets

Wait for the breakout or breakdown from the pennant for an indication as to whether or not we are going to test the top or bottom of the channel.

BitterSweetMarkets

2017 has been a disaster for the dollar, according to analysts there little sign of change. what happens around this area should give us a clue as to where we are heading into summer.

BitterSweetMarkets

Double top...Weekly Shooting star.. = Pull the 'short' trigger !!

BitterSweetMarkets

If there's anything i am uncertain about regarding this trade is the news surrounding Facebook at the moment...its not good !! However this trade is on a futures contract and so i will be monitoring it over the next couple of Months.

BitterSweetMarkets

Further upside for this pair imo. A break below the rising support at (1) would mean the Bears have regained control, if thats the case i would consider shorting down to the next rising trend line support and long it from there !!

BitterSweetMarkets

The report written in the chart is based on chart patterns and basic support and resistance analysis, other factors need to be considered like data and news regarding this currency pair before entering into a trade.

BitterSweetMarkets

The bears are rubbing there hands together as the downside prevails, all the bulls can hope for at this stage is that rising trend line support at the 7000 area holds !

BitterSweetMarkets

The chart explains all !

BitterSweetMarkets

Long term predictions seldom play out as you expect them to as data and news is changing all the time. This analysis is purely based on chart patterns and following a trend, which i might add some say is due to change !!

BitterSweetMarkets

Its all in the chart !

BitterSweetMarkets

A break, hold and close above the trend line resistance on the Daily chart and this 'Short' scenario would be negated... so stops above the trend line resistance should suffice for this short trade. This analysis is designed for a swing trade that would typically last for days even weeks.