DeaconCheese3088

DeaconCheese3088

On the 4 Hour Time frame for an upside confirmation: A double bottom formed perfectly, and A BOS is currently forming. RSI and MACD show a bullish divergence. A perfectly structured MA on the MACD shows an upward trend. The 1 1-hour time Frame has a resistance which would likely be broken due to multiple tests and rejections.

DeaconCheese3088

GOLD ANALYSIS There is a strong Resistance level at 2520 range. However, gold had tested previously 2530 range multiple times. If Gold breaks current resistance level it would be aiming 2530-2545 range. If resistance holds, we would be seeing a retracement back downwards to 2484 range of support. My Opinion:- Best form of trading consolidation is; Sell the...

DeaconCheese3088

Looking at USD/JPY i can see after analysing the monthly band that its dropped some seriously bearish candle sticks. coming to the small time frame i see sell on the daily, 4 hour and 1 hour using the fibonacci retracement. I think there would be some sell on this for a while

-1:59

DeaconCheese3088

My Perspective on the S&P500 looking at previous pullbacks and trend direction. Seem quite straight forward

DeaconCheese3088

My thoughts on NZDCAD... seeing alot of triangle formation

DeaconCheese3088

Proposing the directions for BTC/USD using the triangle tool shows clearer picture of the destination. se see a fall to around 60,000 then a further push to the upside

DeaconCheese3088

Done and dusted. This trade was done based on the following; Fibonnaci Retracement calculation for PIP usage.