forexmilitia

forexmilitia Updated 

The daily trend is Bullish on the NZDCAD(its trading above the 200 Daily SMA). With that said, there is a retracement playing out going to either the Fibo 50% or the Fibo 61.8%. At the moment it is at the top of a downward channel eyeing the Fibo 50% Also sentiment on the pair is at an astounding 90% long. Sentiment is contrarian so short-term shorts are suggested...

forexmilitia

Gold is in a downtrend but and pulled back significantly to an August high. It has created hidden bearish divergence on the MACD which signals a probable continuation to the downside. my target on the daily TF is 1650.00

forexmilitia

The range bound Nikkei is rebounding off support at 25,750 and heading back to the mean at 27,875 and possibly to the resistance at 30,000. The last pivot low has created bullish hidden divergence which could mean the Nikkei breaks out of its range and rallies higher.

forexmilitia Updated 

A potential short setup is forming on the SPX as the price action rallies up into a neckline retest. the area is also a bearish order block with an imbalance (dragon fruit). Entry is around 4130 | Stoploss 4315 | Takeprofit 3766

forexmilitia Updated 

The AUDCAD has recently completed a triple top and has formed hidden divergence on the MACD. This is signaling a continuation of the downtrend. Also the COT Report has the Australian Dollar in a heavily short position and the Canadian Dollar positively long which setup up a nice short for us. Both of these currencies are commodity correlated. Gold is falling(...

forexmilitia Updated 

The Dow Jones is still in a downtrend even though we had the recent bullish pullback an this is evidenced by the formation of hidden divergence. The formation of hidden divergence usually means a continuation of the established trend will continue. The red lines on the price action and on the MACD, give you the setup. My target would be 31,000 and then 28,750 The...

forexmilitia Updated 

I got a bearish signal and a market cycle lining up. Also the COT has both of these currencies being shorted. The Aussie is correlated to gold and this is typically a great month for gold. So it looks like fundamentals and technicals are lining up. On the daily I have a trade entry @ 1.786, but I'm taking the position and managing it on the 4h. Seasonality has...

forexmilitia Updated 

Just from my technical analysis I see a bearish movement is the works for many of the indices. But for now I'm covering the UK100. the UK100 has hit a quadruple top so it needs some thing to help it breakout so that would be the rat decision next week and the CPI on Jun 22 2022. Boris Johnson no confidence vote could have been a bearish catalyst so lets see where...

forexmilitia Updated 

The Non-commercial are 3 to 1 long to short as of the last COT. Recently the dollar has sold off I see this as profit taking. Now I see a pullback setup on the D1 that has hit the 50% Fibo. I 'm taking the trade on the 4h. SL @ 100.75 TP1 @ 103.65 TP2 @ 104.86

forexmilitia Updated 

Looking for a retest on the 1h chart of an inverted head & shoulders pattern @ 117.75. the target will be 124.00 stoploss @115.22

forexmilitia Updated 

Long NZDJPY D1 Entry @ 81.667 - SL @ 79.40 - TP @ 85.55 Both the NZD and the JPY a being sold on the COT report dated May 10 2022. So the institutions aren't favoring either currency. The currency strength meter has the NZD slightly stronger than the JPY. So I'm going long with two other confirmations seasonality (bullish cycle between 5/19/ 2022 - 6/9/2022) and a...

forexmilitia Updated 

With sell in May and go away in play. I thought I'd take a swing trade on UNH it is in a defensive sector(healthcare), which is a rotation method for the summer months. So I'll place a limit order @ 489.00 and a SL @ 454.00 and a TP @ 555.00. The order block and the market cycle (May 13 - Jun 6 2022) are confirmations.

forexmilitia Updated 

It seems that we are in a Bitcoin drawdown right now, but there is hope on the horizon (well 2 years from now). At each halving Bitcoin has rallied higher and hit a new all-time high. This cycle lines up with the presidential election years. So you may want to DCA(dollar cost average) into BTC now. The three instances are 2013, 2017, and 2021 when the Bitcoin...

forexmilitia

I'm setting up a limit order on the CadChf @ 0.7427. This entry is right above an imbalance and the S1 but beneath a daily support level @0.7475. SL @ 0.7347 and TP @ 0.7690.

forexmilitia Updated 

I see a bullish trade on the Gold Daily chart and I will be taking trades on the 4h chart within the entry(1884.00) to profit target(TP2 2071.00) (SL - 1841.00)of the daily chart trade(a piggy back trade). seasonality has an 80% chance to see Gold profitably in the cycle May 6 - Jun 6. So technical and statistics are lined up for this trade. The 4h entry is...

forexmilitia Updated 

I am taking a long swing trade on Oil - The fundamentals Russian oil may get banned in Europe(Oil rallies because of demand) and the china lockdown from COVID-19(Oil declines of oversupply) these two fundamentals oppose each other. The technicals say there is a daily support @ $93.00 and an uptrend on the daily timeframe. Seasonality states that Oil via USO...

forexmilitia

The market is looking very bullish going in to this week. I see a setup on HD that has an 80% chance to be profitable based on Trademiner 5.0. the technical analysis sees bullish divergence on the weekly and daily charts. The latest earnings report was positive on eps and revenue. And finally, the DJIA for the past 30 year has had positive gains from March to...

forexmilitia Updated 

Looking for a short position on the risk on/risk off pair. With the current market sentiment in securities, I believe the big boy trader will we looking for a safe haven. The aussie's correlation to gold is another factor in why I'm selling the AUD. So entry @ 0.6543 , both higher and current timeframe supertrend's are sells and the stoch is the overbought zone....