Still biased short due to Greek and Eurozone uncertainty. Will be closely observing whether we break the overlapping 38% fib retracement lines or we get a rejection. I am expecting a rejection due to the somewhat recent start of the bearish continuation of the Euro trend. However, if price breaks above expect to see it reach the 61.8% fib level before possibly...
Looks like an ascending triangle at a possible end of a minor downtrend. Taking a small long position.
I'm sure everyone is already aware of the issue but it looks like any crisis event could send this market down hard! Just want to post this so I can look at it later when the inevitable pullback does come haha
Closed my longs before the statement and then went short assuming the FOMC's lack of action meant we would retrace much of the gains the Euro had the last day in anticipation. Currently holding a small long position as my general rule is to trade the with the longer trends.
I see gold going down to previous support of around 1140. It looks like it will fail to pass through the daily ichimoku cloud. MACD and Fisher both lookish bearish as well. This trade is completely reliant on technical indicators and I will monitor it if the current bullish equities markets make a weekly turn for the worse and investors move for cover in gold.
Entry in the mid 50s and looking at an exit if it breaks 70. May readjust to 60s to exit depending on new information.
Definitely an optimistic outlook , but we will see.
Not exactly sure on the future of oil prices for the time being so I will sell at around 23.09 for a nice 9% pop. I intend on waiting on the sidelines for another bottom or for a confirmed trend reversal
Worth a shot shorting this to the support it had in the last drop from $400 in Feb 2014.
Possible bullrun incoming similar to the one we had from 4/1 to 4/5. Looks like a bullish divergence on the MACD histogram too. Fisher is crossing back and forth just like last week right before the push upwards toward $260. Still holding my short for now, but the incoming dump I expected might come next week instead of the next few days.
Have short positions with exits ranging from $214-208. Possible retrace once hitting strong support around $213.
from 238 to 214. Optimistic target. May adjust as the situation changes.
20 BTC out of 46 BTC aimed at targeting first incoming dip
The Fisher and MACD agreeing with each other is a potent combination and a solid trade signal. I have shorts from $239 with targets to exit at $230 and $214. It may not drop below $200 again but it is possible.
each push back is getting weaker on this current dump
Trending down. WIll not see a strong bullish move until we break below 210 IMO