Looking for a possible short on Soybeans down to an area of support and confluence of the channel downward channel. at 882. We are currently hitting year long ascending trendline bottom that we broke and have yet to retest, as well as the 38.2% fib entrancement level of the larger move. Price has seemed to lose momentum at this level. looking to price action for...
Price has recently broken out of the couple month long range the pair has been in with a strong breakout and currently consolidating. A huge bearish engulfing candle printed on the 4H charts signifying, that we may go for a retest of the broken range and if price can hold as support at the 1.3 level, then we look for a further move back up to possible 1.33 level....
Soybeans has been getting pummeled the past month with aggressive selling. the past few days, soybeans has experienced a final breather and has been in a smaller corrective wave. Currently at the top of the channel after this wave, looking to see if the channel holds, otherwise looking for a breakout and retest of the channel to the long side. If price holds at...
EUR/USD has been moving in a descending channel the past few months, so looking for a potential play within the channel. Looking for price to move to the upper end of the channel at 1.11400 1.11450 area and price to react strongly bearish at these levels as confirmation to put a sell on. Aiming for a longer swing trade to the middle of the channel, or the recent...
Gold looking bullish in the higher time frames, has recently been forming a descending channel, or possible flag during an accumulation wave. Currently at the top of the channel and consolidating near the top. Waiting for confirmation of the breakout of consolidation area for a possible short to the lower part of the channel. Overall bullish on this, so looking...
Nothing really exciting happening here, but a possible small range play looks possible. Price has been bouncing around a ascending channel, currently around the bottom of it. If it price holds and a confirmation of bounce, look to hold a position towards the upper end of channel 380ish area.
Oil is trading in a range, but currently looks to be in an ascending channel. has hit a possible double top and distributing around this area. Looking for a short position to the bottom of the channel or around that area. Might be consolidating for a bit longer, so looking for a breakout to the sell side for entry. If entry is hit and price moves south, might be...
SP has recently broken out of its ascending channel its been in the past few months on news the trade talks might not reach a decision by the 15th. With more volume than previously put on while it was going up, we are forming an flag pattern which looks potentially as a distribution channel with further move to the downside. Looking for a possible short on the...
Higher volume moving to the downside, looking like the current ascending wedge pattern is distribution and waiting for a further move down. Confirmation on lack of strength to break back into the ascending channel it recently broke from. Trade talks going through cycles which affects this index. Strong bounce on the 4H 200SMA, looking at how price reacts there, if...
I think that BTC will break the uptrend channel we are in and come back to restart that broken trend line. We might go all the way up to 15k, before the uncertainty and fear of the futures markets kick in. We also might just be shooting up to the moon, who knows anymore. Market is a bit distorted because of the influx of new money coming in, as well as the...
We are going back to test the strong resistance level at .78, which looks poised for a breakout to the upside. Will look to take profits around .78 and watch to see if any stronger moves are made, then will adjusted sl to break even and see trade ride north
