Easy_Explosive_Trading

Easy_Explosive_Trading

XAU USD is starting to sell-off and 1 hour into Australian trading day, 3rd hour of the New Zealand trading day. Gold is in a supply area of the RSI and Stochastics across all of the timeframes. I plan to take this short for a day or 2 unless buyers come pouring in from nowhere, unlikely but still possible with all of the gold-bulls around the world & given...

Easy_Explosive_Trading

An hour into trading of the New Zealand Oceania & Asian session, the week opener, EURUSD is already showing weakness. I see a good short trade here across the Asian session and possibly running into European & New York session. On the flip-side, there is also weakness in the USD, see my recent chart on USDX. However, I don't see this real weakness playing...

Easy_Explosive_Trading

The EUR looks very oversold against the Poles' at the present. I took a very small lot size in this trade. Always slippage in Oceania at the commencement. We pay a premium living down-under! regards Chris

Easy_Explosive_Trading

* The USD could see some weakness this week, probably not coming until mid-week price possibly propelled by double/bottom structures on mid-timeframes, however the Daily timeframe is indicative of some weakness with price below the moving averages. It's possible later in the trading week the USD could retreat to the 100.60 - 100.85 zone where there is...

Easy_Explosive_Trading

Bullish W/bottom & Head n shoulders setup. * Buy with care.

Easy_Explosive_Trading

Gold is very bullish at present going into mid-Septembers' interest rate decision in the USA which some are saying 'is in the bag' as a reduction of at least 0.25%. This is very bullish for the Gold price as the USD becomes weaker on an interest rate reduction. However, there is still about 4 weeks of trading until the interest rate decision is handed down to...

Easy_Explosive_Trading

The smaller crypto's are supported by a bullish bitcoin currently which I have a distinct feeling may stay bullish this coming week. I've been going against the grain all weekend against the naysayer's on Bitcoin. See my other charts today. I hope you're having a good weekend & doing something other than the markets like myself. Cheers, Chris

Easy_Explosive_Trading

2 Hour chart guys, keep an eye on the break-out of the triangle. Disclaimer: I never bet as much on Crypto due to it's volatility. But I think we are heading into bullish territory for Crypto this coming week. Please take a look at all of my analysis on bitcoin (just today.. there is about 6 charts at least) Cheers, Chris

Easy_Explosive_Trading

I don't use trend-lines a great deal, because they are objective and what I mean is that traders have different ideas on where to place them. So I constructed several trend lines on the Daily-chart for BTC USD above 3 lines & below 2 lines. Well guess what? Current price is sitting on the 200 EMA (which looks to be sloping up soon, note that 200 EMA is dead-set...

Easy_Explosive_Trading

So long as the BTCUSD price holds up during weekend trading this might pop to the upside soon, let's see how it plays out or if I get hammered down. There are opposing sell Head 'N' Shoulders setups on this same trade which complicates things a bit.

Easy_Explosive_Trading

Sorry guys, the last chart weekly was a bit busy on the eyes. Try this one. Analysis below. ****************************************************************************************** I wanted to take apart the bitcoin selloff due to the M-TOP that formed on the weekly chart in 2024. M-TOPS will always form as price-action increases and profits are locked in...

Easy_Explosive_Trading

I wanted to take apart the bitcoin selloff due to the M-TOP that formed on the weekly chart in 2024. M-TOPS will always form as price-action increases and profits are locked in by traders buying at lower prices. In case you find it hard to read the chart. The price basically dropped a further 19% when the neck was properly breached by the 1 July weekly candle...

Easy_Explosive_Trading

Thanks for reading, I earlier posted the bitcoin 1HR, 4HR & bullish Weekly cup n handle formation on Weekly chart. Here is the Daily timeframe. You can see the big green zone is a huge buy-order block but importantly at time of writing the current price is getting support right on the 200 EMA. I am thinking some bullish price-action returning to bitcoin &...

Easy_Explosive_Trading

Firstly, on bitcoin note the bullish Cup & Handle pattern that sure has been in formation for a long time. On the 1HR & 4HR charts price is getting support on the 200 EMA & 50 EMA respectively. Ideally on the 1HR chart we want the 200 EMA to form underneath the 50 EMA. Digressing a bit, my feeling is that next week precious metals like Gold will not perform...

Easy_Explosive_Trading

On the 1HR chart for Elrond, which I must point out is currently very thin volume, but I think this volume will pick up soon, you can see here on the 1HR that the H & S bullish pattern on 1HR price appears to be retracing & retesting the H & S setup zone near neckline. Possible Trade Idea: Scale in with some Buy small orders just in case it winds back to $25...

Easy_Explosive_Trading

On the higher timeframe you can see the sell-off in Elrond from 11 March 24. There is a recent bullish head n shoulders pattern on 1 hour time frame. But there's more! Apart from the big sell-off in recent months. There is stochastic divergence bullish on the weekly timeframe that commenced at the start of August and currently on the 4HR timeframe there is...

Easy_Explosive_Trading

This weekly Gold Chart for XAU/USD shows the price action breaking out and above the consolidation zoned box. This imo means higher prices in the gold price during Fridays' New York Session. Trade carefully....... when price has really broken out like gold has today, always wait for a big pullback, usually on any timeframe to a 38.2 to 50 Fib level. They work !!

Easy_Explosive_Trading

XAGUSD_2024-08-16_22-30-17_4c366.png Silver XAGUSD has been drifting downward in price action the past 15 hours or so on the 4HR timeframe in a falling wedge. It has recently fallen out of this falling wedge on 4hr and is turning to bullish to catch up to the Gold Price which is very strong today so far.