Easy_Explosive_Trading

Easy_Explosive_Trading Updated 

Here is a trade setup I am monitoring. LINKUSD tends be lower volume. On the 15m chart there is a bullish Cup & Handle. I am watching for a 50% re-traceemnt of the handle & then to see if price breaks out at the top of Cup Neck-line. On the 1HR & 4HR charts there seems to be some action as price comes off D/bottoms.

Easy_Explosive_Trading Updated 

You can see here that Gold has broken support on the 15m chart. I am short for a while but I have several long term CFD's Long gold positions as overall I see its bullishness especially with the USD in free-fall this week and the USA moving on interest rates next month, however USDX is showing some strength today but many believe it could drop to the 100 level...

Easy_Explosive_Trading

Thanks to a very bullish Head 'n' Shoulders pattern on 1-5M timeframes Silver has posted a very strong close. You can see here on the daily it's broken out very well compared to Gold & the Silver price still has some catching up to do following its' sell-off in July.

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...