Breaking its upwards channel. Looks to be a short if it holds.
EURUSD back testing broken channel. Stops are below channel, looking to take profits at highs or let this baby run higher.
DXY back testing broken channel. If rejected, we head south to possibly new lows. If we break higher, I believe it is the start of a higher push up or a new uptrend. Time will tell for this one. Stops above channel, TP at low consolidation and then lower.
Opportunity to short DXY on this pulback before a break below 90. Testing support now turned resistance.
TWTR is in a buy zone currently. Stops ~$20 and target ~$31 before reevaluating.
Looking to add XAUUSD on a break out of thus bull flag and looking for a break of the recent daily high of 1345. A break above there opens up to 1350 and higher.
USOIL looking for higher on a back test of a broken trendline resistance now turned support. Follow the trend don't fight it or try to pick tops and bottoms. Still continue to be very bullish USOIL. Looking for 70s and higher, will keep updated.
DXY is back testing the small support it had previouslt broken. With that and the tenkan and kijun from ichimoku as resistance as well. Looking for a break of 90 and a continuation lower.
EURUSD is staged to set to keep going higher as DXY drops. I see no sign of a reversal in sentiment or price action and therefore I still hold my bullish bias from the breakout on my previous chart in the 1.1850s. No reason to cut winners short without any sign of a reversal. Let it ride.
DXY is looking to continue lower from current consolidation levels. We broke head and shoulders from my recent chart and now have been in a downwards channel and broke below that as well. On USDCAD news this morning, we didn't see the dollar push up any on a nearly150 pip spike in USDCAD pair and now USDCAD is about to breach 1.24. I continue to see weakness in...
EURUSD is a very clear long play and even stronger on a break of our recent high and above 1.21. I see people calling the top in EURUSD and bottom in DXY everyday and that gives me a further bullish outlook on EURUSD. Sentiment is everything, news is just a catalyst, and technicals are just a way to determine a good entry.
DXY is heading to $91 and even lower if we break below there. Sentiment towards the dollar everywhere is trying to pick a bottom which isn't good for dollar bulls. My current positions are short DXY , long EURUSD , long XAUUSD , short USDJPY , short USDCAD , long USOIL , long DJIA and long SPX. I will be holding these positions until sentiment turns the opposite...
Long BTC/USD. I am long BTC/usd from the 61.8% pullback from its most recent move. My take profit is going to be $24500 and stop loss $12000. The bigger picture here is the mania has slowed down, people are looking elsewhere, but all cryptocurrencies have a base meaning of anonymity and bitcoin isn't going anywhere in MY opinion . I am long and continue to stay...
On the backtest of a broken trendline resistance is a good area to go long NZDUSD. I am looking for 0.75 level and higher. Everyone is shorting NZD, I will buy NZD here.
Looking to short USDJPY on break of the neckline and hold until we retest 110 and reevaluate there. Retail has increased long positions even more which gives me bearish outlook. Stops would be above the head area ~111.50.
Looking at EURUSD, an inverse head and shoulder pattern is forming and I will look to add long on the break of the neckline. I have been seeing many people wanting to short this pair which gives me more bullish bias. Would like to see a break of 1.2280 level and I will add longs from there. Stops are below this consolidation at a safe 1.2150. Looking for 1.25 and...
Updated chart of my recent GE chart. Added a long term TL break and currently retesting at 61.8%.
I added long GE to my retirement portfolio for a generational and long term buy and hold at 61.8% around $16.20. Looking for all time highs in this stock , target currently around $75 per share. Cheers.