UnknownUnicorn6102956
i present you the chf/jpy 4h low, buy and enjoy.
Good time to short dxy and long metals and eur/usd.
92.86 DXY WILL likely be the high look for reversal in euro/usd any time now.
when dxy resumes downtrend gold will fly up.
oil looks like it has broken out of channel and retested. look for rvi bearish cross and sell
Tesla could be heading down with NASDAQ at very high and potential turning point, tesla could be in a wedge formation making a breakout, a pullback is a safe bet. be good to watch over the week.
XRP looks very bullish with btc and eth seeing gains. btc breaking 12.5k opens the door for xrp to travel towards 0.4 levels. just need to see a bit of dxy weakness.
Well the previous charts i made to buy btc have paid off with price looking like it wants to go beyond 12.5k this time. not the best time to enter now but posssible with correct plan.
So they had a death on the vaccine research and look to be forming a head and shoulder pattern which is typical of a reversal in price, how come the news always comes so in time? the markets are so fascinating.
Just a small update for dxy for the coming days ahead. So we have seen mass movements in the /USD pairs and commodities as to be expected from my previous post, and when we look at the effectiveness of the relative index indicator we can clearly see the sell set ups out perform the buy signals, this really confirms for me downtrend continuation. so cryptos up,...
I think the daily dxy chart is going to sell of as its in a clear distribution, so the only trades i am looking to trade next week as i only trade the trend, is /USD pairs long, metal longs and crpyto long positions. It does not fit my plan to try do the opposite when the daily chart is showing me a clear trend. What i have to watch out for with my battle plan is...
Look for times to accumulate on lower timeframe, as the big picture is continued uptrend.
Daily forecast for usd/jpy, we have started selling of on dollar weakness, we have rejected top trendline with an inside bar breakdown. look for overbought on lower timeframes to open a sell position
One trade ive got my eye on, entered a buy position here, due to the price producing a buy signal on my algo and making what likes a bullish wedge. look to buy the euro/cad and ride the next wave up.
Quick short set up on aussie weakness.
WE look to have broken bullish out of a descending wedge, on top of this we have the rvi bullish cross on daily chart, as this classes as consolidation look for bullish breakout.
UJ looks like it wants to sell of from this price rejecting the level with a strong bear candle. price could breakdown further from here judging by the daily chart.
a very simple trade to short ftse 100 down on hourly timeframe, overall trend is slightly down on daily. 1h is now facing resistance. so im gunna short it downwards towards target. if ftse continues down expect a stronger GBP.