TobySight

TobySight

Watch out for a sudden drop in the market. The decreasing volume with higher highs is a sign that the momentum is losing steam. The market is currently overheating, so please trade with caution. This isn’t trading advice, but rather a warning. Market can do anything.

TobySight

Watch out for a reversal. Buy DOGE. BUY:0.2965 STOP:0.2900 Target: >0.3100

TobySight

BTCUSD is reaching its key support @28,000. Price should make a reversal move with high volume; otherwise, exit this trade.

TobySight

Gold is moving down (as we expected). As you are aware, gold price is inversely correlated with US dollar. From my analysis, I found that US dollar value is expecting to reverse and appreciate in the future. Consequently, this will suppress the gold price downwards. For those who missed my trade idea in the previous one and didn't enter short position. You still...

TobySight

Following my analysis last weeks, US Dollars decided to breakout upwards. This suggests that dollar has chosen a direction and it is expecting further appreciation in the future. Be prepared for a drop in gold price and other commodity. For those you miss the trend but want to get onto the train. Do not worry. Wait for a retract back to the support line. Once...

TobySight

Technical Side: Price recently hit a major trend line and support line before forming a AB=CD in daily timeframe. Trade Detail: Entry @105.03 Stoploss @104.80 Take-Profit @ 105.70 Trade responsibily.

TobySight

Best Practice: It's always a good idea to understand what you are trading and what actually drives its value. Bitcoin is one of the most interesting assets I have ever come across in my entire life. It has no empirical way of calculating its intrinsic value and it worths more than gold. I witnessed when it costed only a few dollars years ago, then when it soared...

TobySight Updated 

Fundamental Side: It is widely agreed that US Dollar has a directly relationship with FED interest rate. When the Federal Reserve increases the federal funds rate, it typically increases interest rates throughout the economy. The higher yields attract investment capital from investors abroad seeking higher returns on bonds and interest-rate products. Simple...

TobySight

Fundamental side As you all might be aware, the price of gold is inversely related to the value of US dollar and the economy. All else being equal, a stronger dollar tends to keep the price of gold lower and more controlled, while a weaker dollar is likely to drive the price of gold higher through increasing demand. In short, I personally believe that as long as...

TobySight Updated 

Watch out for a resistance at 1451. It could be a change in price direction. (we do not know, nobody knows and we do not need to know to make money.). But what we know is the price will quickly react that resistance. Therefore, grab the profit quickly and go. Trade cautiously and stay healthy. Cheers T

TobySight Updated 

Entry: 1.0527 Stoploss: 1.0505 Catch on the price reaction. Potential long term reversal.

TobySight Updated 

Entry: 1.2396 Stoploss: 1.2385 Catch short price reaction

TobySight

Hi all, as I mentioned, Gartley pattern with AB=CD is completing (probably in a few hours) @1.0642, which is also a completion price point of Deep Crap (1 hour timeframe). Moreover, this price point is supported with the trendlines drawing from previous lows. There is a high chance that price will react to these points before changing its direction Possible...

TobySight

Hi all, USDCHF is approaching a big resistence @1.0000 (the previous highs) XCD 113% @ 1.0007 BCD 161.8% @1.0000 Entry@ 1.0007 Stop Loss@ 1.0020 Limit@ @0.9977 (if the price reverses as predicted, it may go down even more!) Be careful, this resistence has been tested a few times. There is chance that a breakout may occur. As always, look for signal - how...

TobySight Updated 

Potential Bullish Bat structure is forming. Rsi structure is forming a divergence against price structure informing potential reversal at the coming Low. Waiting for more comfirmation. Reminder: the pattern is not yet completed. Close inspectation of price action at the 1.618XA is needed. Entry @ 1.0696 Stop Loss@1.0534 Exit/Limit @1.0944 (Target 1) and...

TobySight

Deep Crab formation Entry @1.35609 Stop Loss @1.38511 Exit/Limit @1.32541 50% Retracement of 20/1/2016 high and 3/5/2016 Low. +1 Waiting for Price action and RSI to give signal.