I did not muck about on this one. Price lifted not long after the open to a higher high. AUDCHF is in a longterm downtrend as seen here in the weekly chart, so you would be forgiven for thinking I had rocks in my head. But an instrument has to turnaround at some point right. Anyway I will break it down with more charting and keep you posted on the ongoing analysis.
Hey, I was going to try not to write anything today, but it seems when you got 'the-bug' its' a bit like overtrading. Hard to stop. But therein is how I trade less without compulsiveness, I write about trading and although some of it is self-serving, most of my writing is not geared that way, but I try to help and provide an occasional good setup to trade....
I am not preempting anything because I think the banks are selling into this and the market-haters are trying to take out stops long so that the market continues to fall and more liquidity at lower levels. However, value occurs at some point. I also like the bullish RSI divergence and the oversold nature of gold seems to be coming to an end perhaps. The daily...
Gold has sold off but its accumlating with buy orders around 2630 and holding on 10 second chart.
Silver is usually a bit more expensive to buy than gold, but this also compounds the profits. Look at this daily chart with white line 200ema. This is the chart that screams buy at these low levels in Silver. Use a stop loss just under the low today 30.04.
CHFJPY gets a bounce very recently on the 1HR chart, a strong support level on the 1HR for this pair, historically. Now, it's had a bounce to some overhead resistance you will also see on the 1HR. Lets' drop to a 10 second chart and see if price is getting a welcoming to move higher or is it being rejected to move lower with the bears 172.6527
You could definitely do well shorting the EURUSD pair today, but even more lucrative is probably to go short on the EURGBP currency pair. Why do I make this call? Because it is imho more bearish than EURUSD at present, because unlike the latter which will probably have a bounce intraday at least during the start of the Asian session, bears will move in at...
RENUSD Crypto, up and coming, incredible momentum and bullish price movement on high volume. Take a look at the bullish daily chart, structure strong with double bottom holding easily, checkout the uptick in volume recently. I said i could not find any faults with this one. There is one. The bid ask spread is a little wide, at least with my broker, but I also...
On the 15m chart you can see the current blue candle 15m pink vertical line indicating time/date (I'm in Australia), I had this red line marked as a resistance price and above this price RUNEUSD should continue to breakout more. Up 6.5% so far today, a good day for a Crypto can be 20% to 40% so early days. I will wait for confirmation of a breakout of this...
HTF to LTF high/low analysis of the dollar index the USDX. It was interesting to see the gold price rally as the USD$ continued to breakout this week, the dollar's prior weeks volume was massive but its petered during Friday (yesterday) after failing to close higher than the last known candle at this price level 108.33 on a day back in November 2022....
Be wary of any tipster subscription service that is too lazy or too inept to give you some reasons for taking the trade. Look at the mess of GBPUSD now. Fools who thought the USD would not continue to rally this week, either because they don't have a clue or are too arrogant and lazy to pull the USDX chart apart. Mute them and move on. This is a chart of a...
Gold and Silver are up nearly 2% already. Topping formations are noted on lower timeframes. PMI & Inflationary expectations in the data coming up. I think Gold price could pull back in the next hour or 2 as there is weakness below 2697 (red line chart). Price will probably pick up support after a maximum of 0.5% drop to green area in chart. I think buyers...
Daily & Weekly Below Late last week and earlier this week, some traders & price predictors were giving their big 'scoop' about the Dollar correcting going into the start of this week. I didn't really buy it and here is why. I knew that there was no real recent resistance for USDX at these current levels. In fact, absolutely nothing for 12 months. I could...
Thought I would briefly describe this long trade i entered in RUNEUSD about an hour ago. Volume levels are about average for Crypto, it is now aligned perfectly on the 2ooEMA Daily. Price has moved back on me a bit. But I think it might go okay from here,
Credit to SetupsFX for finding this one earlier. Price has swept back a little , but I have detected the breakout on 1m timeframe. Price is moving bullishly via these yellow volumised orderblocks.
Heres another one primed to move higher following a retracement down during Thursday. I thought it might move lower further to near the Order block below. Price recently has moved upwards against JPY. It would breakout possibly today on a move above 101.50
Youtube is littered with trading strategy's, as one strategy finishes another one is starting to play causing indicator-fomo, that's right, my new label and type of trader-FOMO which intentionally or otherwise keeps you going from strategy to strategy and in the process continually chasing your tail and leaving you to be diagnosed with analysis-paralysis...
This is travelling nicely by all accounts. First chart is the 1hr. GBP is positioned at the big-time lows, no wonder they went after my big lot-size first trade which they illegally took down. But I got back in with about 1/5th lot size. Look its true, they will target you and bet against you when big lot size is noticed. Why in trading you gotta be a...