Placing a sell just below the $19,000 level I have seen a nice head and shoulders form which the right shoulder closing just above the left shoulder which means the likely hood of downside is definitely possible. Only once the 19k level has been hit before until these recent few days that have passed so expect to see some major moves too. the HVF I have drawn has...
I am looking to sell GBJPY due to my bias toward the yen/gold/silver going up and being stable due to so much uncertainty with the US election and the possibility that Biden has won the election which means a much more expensive stimulus which will devalue the dollar and people will run to safe-haven assets. My chart is saying something interesting to me looking...
Hello Guys, I have had a rest since my last 220 pip trade on EURUSD. My bias remains the same long-term as a bearish market in general. If You look left of the chart and see the last ascending channel and to the right of my chart you see the most recent ascending channel... can you see anything similar? Well if you couldn't they both have 4 touches and in my...
Selling BTC at 13k seems a bit oversold in my opinion this is going to be a big level. The last time this level was hit was 16 months ago which means people are looking at this area and liquidation may happen. With the US election coming closer and a final presidential debate happening in 24 hours, things are going to get volatile. Last debate the markets were...
Hello Everyone, on September the 10th I placed a short on EURUSD I gave a couple of reasons which I will briefly mention... for my fundamental analysis we have seen the former supreme court justice Ruth Bader Ginsburg sadly pass away, Trump is going to be announcing a new supreme court justice this upcoming Saturday which the Democrats won't like at all creating...
Hello Guys, I am giving a more in-depth version of my view on the infamous EURUSD. we have seen a very bullish EURUSD these last couple of months but in fact, in March we saw the Euro fall very hard because people ran to the dollar for a safe haven... now the tides have changed and gold which has a strong correlation with the Euro has been the main player. Gold...
EURUSD has taken a big bull run today with it being up 0.80 percent on the day. My last analysis is still valid in my opinion i entered at the wrong time since President Lagarde of the (ECB) spoke today which created a lot of volatility. EURUSD can be very manipulative since it is one of the main pairs that retail traders look at and the central banks & hedge...
i have placed a short on EURUSD for a few reasons firstly the fundamentals the USD has gained an incredible amount of strength after last NFP data looked very strong with unemployment coming to an 8.4%. The ECB has spoke about the stimulus of 750B to support the EU this means a lot of money printing "Brrrrr" will be going on which will devalue the currency. EURUSD...
Stocks Have Been Hitting Record Highs With This Being The Quickest Recovery We Have Ever Seen. I Have Been Paying Close Attention As September & October Are Normally Not So Good For Stocks But We Have Had A Very Unusual Year So Anything Can Happen. I See The US30 Trading In Channels I Am Buying After We Saw A 0.618 Fib Extenstion Be Well Respected Also The Channel...
I placed a long on USOIL with it playing very range bound not moving a lot but it has been respecting my trend-line, also i have seen some good support as this level so i decided to buy in at $42.80 with my stop loss $42.40 below previous support and below the trend-line. Oil has been doing rather good since crash going to $0 when the corona-virus hit the world by...
I Have Taken Another Small Entry After The Greenback Hits A 2.5 Year-Low. My Stop Loss Is Still Considerably Small As I Said Before On My Previous Post Going Into Further Detail About My Decision.
I took a long on XAGUSD after the Jerome Powell Speech last Thursday we saw a big boost at the start of the speech but then on the second half of the speech we saw precious metals took a huge dip with JP taking the edge of inflation talks. So I decided to buy the dip but not just because I thought i saw a good price I also saw good TA with the level of support...
To Be Honest I Do Not Like To Buy Double Bottoms And Tops Due To It Not Being As Reliable. I Am Having a Punt Using Very Small Amount Of My Captial, Gold Shot Up On Market Open But It Is Currently Facing The 1975$ Resistance On My Fib Levels I Think Gold Will Maybe Go Back To The $1940/1950 Then Find Some Support Then Retest The $2000 psychological Level. This...
I Placed A Sell On BTCUSD Before Market Close Friday. My Reason For This Is We Saw Bitcoin Trading In this Channel I Was Waiting For A Breakout And We Got One. Another Good Confirmation Was A Retest Of The Channel Being Broken And Then The Bears Stepped In. A Risk-On Sentiment Has Been Happening With The US Stock Market Hitting New Highs Which Also Gave Me More...
I placed a sell at the $2000 area on XAUUSD based on the overbought/overextended conditions and was only right that there was a correction my bias is still bullish long term but the $2000 is great resistance since its a round number and most bank and hedge funds like to enter at these round even numbers. Meeting minutes took place today as well i recently said on...
I took another small entry into buying the dollar looking for the us meeting minutes housing data etc. to be good news due to better than expected data last NFP. And looking at gold and expecting it to the range for a while as it normally does after such a big swing.
We have come to a major support level on the dollar index i am looking for a bounce back for the dollar and looking for my target to hit by the next NFP. The precious metals market has had a long bull run due to uncertainty in he markets and with the virus but on Tuesday we saw gold and sliver took a huge dip which could be a correction and a more risk on stance....
the pound has been doing very good against the yen with breaking new high since start of the year, looking for it to break recent highs and break and retest with a good risk to reward ratio a nice head and shoulders pattern is forming. MikeGBP