This one for BTC USD is on the 2,3,4 hour timeframes. Price has retested & is ready to bust to the long-side. Good luck.
NOK JPY bounced off its lows very recently & broke out from its oversold condition. It then made a Fib retracement & demand just got bigger for the long trade on this. Standby below and I will work out a Stop Loss. Longer term trade here.
Gold is retracing up to some Fib levels currently. The chart has the zones if you want to Short Gold. * Trading is risky.
Gold is travelling well inside a Daily rising-wedge. The next key level to break is 2529.20 a Top3 created last Friday. Intraday, Gold has smashed through a Top2 at 2507.66. All of my Momentum indicators show a bullishness in Gold today Tuesday. Very little economic news for USA today Tuesday. One threat will be the USDX which will be looking to make a...
Hi guys, I have done all the heavy-lifting & planning for you on this one. It may be as simple as hitting the 'sell-button'. It's a Daily-chart pattern which will hold more weight, Price has almost retraced to the neck-line, Hop to it, take a look, Thanks for reading.
Gold & the way it moves reminds me of the famous Pacman-game of the 1980s. Those were the days because not many of us were forward thinking enough to see and look into the future about how incredible gaming would become. We were happy with games like pacman and space-invaders. I get all the 'gaming' I need from Trading the markets. Please see my chart. It is...
This Short idea is already playing out. It does not appear that price has returned fully to the neckline to complete the Retest. But selling into this could be a good yielder. Good luck.
In the Monday 9 Sept. Oceania & Asia session both Gold & Silver were slow to make traction. Prior to London session today, the USDX edged closer to 101.50 & made it to this level again, before retracing and breaking out through this level at time of writing. USDX currently 101.60. Today, I saw some divergence happening between Gold and the USDX, as it rallied...
The EUR / GBP is parked very bullishly on W/Bottoms on the higher timeframes but their also exists a bullish H"S" Pattern on the 2HR timeframe. This pattern had already retested the Neckline. High timeframe RSI & Stochastic's are also very bullish to bring the EURO out of Ovesold territory and rally hard agains the Pound. I will buy the breakout of the...
I noticed on Friday at the NY close when Gold/Silver/Stocks, practically everything sold off as the VIX Index threatened it's climb & got to around 13% on the day. But as NY wound down around 4pm local time, I saw all the Crypto's starting to hammer into green zones. The main reason my feeling is that they had been beaten down severely in price & when price...
The Crypto's were so beaten down on Friday from all the selling that they started rallying through Friday night & Saturday. BTC USD on the 5, 15 & 30 m is near the neck of a pretty big Head 'n' Shoulders Pattern.
As the saying goes in Australia, 'the bigger they are - the harder they fall'. Aussie Gold-hat-wearers & officials, might like to think their 'dinki-di-oze-gold' is an exception to panic heavy short-selling. Did I just say panic? Well, the plan is to take Aussie Gold & it's hanging M_TOP on the weekly chart right down to the neckline for some serious...
This is the Daily chart for the Chinese Yuan & Japanese Yen. You can see following along the trend line how strong the Yuan was until a month or two ago - when it sharply sold off - 50 EMA diving under the 200 EMA creating a 'death-cross' which can signal a trend change. Even the last couple of Daily candles resumed this weakness down. So, I see the Yuan...
I posted the Chinese Yuan & Japanese Yen Short-Trade a little earlier. Well the CAD JPY Daily Chart is almost a Carbon-copy of it. I would go so far as to say that this one is a tad weaker. Either should be a good Short-Trade. I will be on them both on Monday. I need a break from trading Gold. Variety in your trading is the spice right! I love the...
I have been so focussed on the VIX index. I wish I had checked its weekly stochastic levels in advance like I regularly do with Precious metals and Forex sometimes when i trade. The USDX is pushing off this massive W/bottom on the 2 hour time frame. Imagine the double whammy effect this will have with the VIX and USDX rallying concurrently. Just my thoughts.
So towards the end of NY session yesterday Thursday, I was a little bearish on Gold. Why? 1/ The USDX where Gold gets a lot of its' cues from had formed bullish Head 'n' Shoulders Patterns on timeframes 5m right up to 30m. You better believe it. Technicals work on the USDX as well. But the bears have been nullified. The USDX is travelling down a bearish wedge....
As I have been saying so far during Asia Friday trading I had no Long positions in Gold. Squeezed out like everyone else. (I don't know how those people do it who buy on weakness & accrue - I have to take a page out of their book). The 'funny' thing is, my old broker Fusion Markets phoned me about a month ago to say that I was no longer allowed to accrue...