Not a pairing I generally trade, but seeing as the Fundamentals line up on bullish divergence I've taken this long. Targeting the top of the major trend at the moment, will reassess in that range. mybroadband.co.za ^Fundamentals. Do your own DD
Shorting from .90175, should be the end of this run based on momentum, this is a smaller position longer hold.
Shorting from 9.1015, this should be the final big break. Took profit before bed last night on the majority of the short form 9.12, this is the reentry level.
DXY double top, playing against USD pairs for the rest of the week
DXY double top, playing against USD pairs for the rest of the week.
DXY Hitting a double top, Great opportunity to take USDCAD short against heavy bearish divergence on higher timeframes
Interesting set up for EURUSD. On one hand we have the euro being taken short by everyone I've spoken to. On the other hand we have a bullish pattern forming on bullish divergence. I'm tempted to take this long with the poor performance we've seen on US indices, especially with 16% of the SPX reporting on close today. Either way this will be moving quickly.
SPX target hit Take profit, watch for long set up.
I'm posting this because I'm unsure if you guys get a notification when I update a chart. I'm in the range now where I'll take profit; the next play will come on the MACD twist. our S. RSI and RSI are both showing HOT divergences but I'm waiting for a bottom break on the RSI to trigger a momentum shift and twist in the MACD. (Eyeing 2830 as the area) I've gotten...
Year to date look at SPX. Expecting a move down here but not our big break down yet.
Just some light macro TA on SPX. Its very important to note the extended wave 1 we had, and the short wave 3. Doesn't leave much room for wave 5 and the dying volume is indicative of the expected move as well. I've been calling for 2600 before 3100 in most of my trading groups.
Do your own DD