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...
Silver and Gold had this divergence right through the NY session. I think the Silver-ghost was hunting stops. I know that Gold & Silver trading is not geared towards those who may want to place bigger orders, that is frowned upon. It's an interesting concept, when one considers the massive liquidity of Gold trading, but im afraid they are bigger penny pinchers...
I think we might get more upside moves in the Gold and Silver price. I think the daily silver chart is looking for a buy entry today. Long term trend-line is in a bullish alignment and it's coming out of an oversold state offering attractive buy prices to investors. I EXPECT SOME SELLING to occur for the next little while and perhaps a move down and then a...
I have been following HBARUSD for a bit over a week. I was wondering why it was getting huge volumes lately. Hidden away on higher time frames 'monthly' & 'weekly' charts reveals the reasons volume and buying is on increase. Price breaking out of a triangle on Monthly chart very, very recently and price moving back to retest this breakout and give buyers...
Hi everyone, it's been a tough day in Gold Asia trading. I supported the long theory that they gave us at the start of Asia trading today. Long story short, there appeared to be a bullish gap up and price was moving up I would not say impulsively but smoothly. But price stalled twice within an hour at the top of the double top I spoke about on 2hr timeframe. I...
Take a look please at the first chart. Basically, it breaks down the past 36 to 48 hours on a 15m, especially where buying occurred following the 2536 low, impulsive move up which to me looks like smart-money or institutional money with some retailers tagging along, price is then dragged down by a Top 1 where an M-shaped pattern otherwise known M-top forms & a...
I will update this soon. Other Crypto have taken some selling this weekend, not so much BTCUSD, I am thinking they have saved the best for last. Lets' see what happens. RSI does not look good.
If you follow the stochastic's at all, esp. on higher timeframes, if you don't well that is fine, but I will share my tip, you never want to see K line (generally blue) crossing down on the D line if you are in a Long position, but an even further bearish possible move is when the K-line crosses down on the 80 Stochastic's level. Now the fundamentals of the...
EURCAD I went long about a couple hours ago as it turned. It's now on the 200EMA Daily which is a good sign. Momentum was simply fading on the downside and buying increased. This trade I will take for about 1 week and chasing the highs on this chart.
Gold on the 1hr moved downwards in this correction in a lowering wedge pattern however price moved from this wedge, moved lower today and now is building momentum for a break upwards from a triangle type pattern. More on this in 1 moment..... I need to check charts You can see the right of screen 1m chart, double bottom earlier and an upward sloping wedge on...
I see that Gold pulled back to a Fibonacci sequence number 61.8% on the 1HR chart I was watching, there is probably similar on other time frames. I think the market is waiting for Retail Sales data, high number bullish for the dollar. But lets not forget the USD$ has had a good run the past 2 weeks, Gold has fallen in some ways due to the inverse history...
Price is lining on 15m and important daily chart for a reversal in gold Daily is bullish for a reversal. Oversold. 15m chart will commence with this theme. Under 2560 is a selloff
Tron is on the move again chasing its high, not far off it. What I like about TRXUSD is that it tends to buck the Bitcoin down days. In other words, if BTCUSD is moving down on a day, you can usually expect TRON to rally. So it is like a hedge and at 0.1875 and a strong chart. I see a little turning over of the daily BTCUSD chart at the moment, so it needs a...
So about the chart, if you want to move straight to it. Far right is a Gold-colour vertical line & that is Monday's trading of earlier this week. Then several green vertical zones, Tuesday, Wednesday and Thursday of this week. 2 Red horizontal lines above and below is the Gold trading range for this week. If you are wondering how big the Gold correction has...
It simply got caught in a Top1 and Top2 system on the 2HR timeframe. The price is now at a support-line and retracing back to the TOP2. Top 3 is possible? Yes, but I think the momentum will rise very quickly and a breakout above the Top2 and a run to 1.00 will take hold. Here is the chart, with more info on the chart.
If you like to trade H&S's patterns, they can be perplexing and push a traders patience, sometimes manipulated by market makers, other times they form up like a dream. I have mapped it out on the chart I have here. It probably wont play out for another several hours at least.