Throwing this out here for my record to see where the stock goes in the next couple weeks.
Gold will be test around 1455 as it meets the support line. I believe it will bounce up. The question is will gold be the safe haven as it has in the past given the global economic situation?
Alright guys if you missed entering this position last week, and again this morning, another opportunity to enter is approaching. Either get in now or wait until it hits the resistance line. Happy trading
Alright guys this will be setup as a long term trade. I am entering when market opens, and placing SL @ .90150 incase this decides to take another direction.
Enforcing the play from last post, but with a head shoulders look. USDCHF is a sell!
USDCHF showing a bearish trend. Waiting for a retracement and plan on entering around .98550 - .98650.
Overall I am long on gold from a fundamental and technical view, however for the beginning stages of the week I am playing it short and will watch S&R lines on when to exit.
GBPJPY is starting to appear bullish on the 1 HR chart, enter a long position ONLY when the 4 indicators happen: 1. Leading cloud is green (currently is green) 2. Last candle stick closes above the cloud (currently in the middle) 3. TK Cross occurs (green line cross red in bullish trend, currently on top of each other) 4. Laggig Span (yellow) hits above the cloud...
If candle closes below .86522 enter short position and ride to next support level If candle closes above .86712 enter long position and retrace back up and use judgement to exit either at .5 or .618 Also, notice the perfect cup formation. Similar pattern is forming on USDZAR
USDCAD is starting to appear bullish on the 1 HR chart, enter a long position ONLY when the 4 indicators happen: 1. Leading cloud is green (currently is green) 2. Last candle stick closes above the cloud (currently in the middle) 3. TK Cross occurs (green line cross red in bullish trend)(already has happened) 4. Lagging Span (yellow) hits above the cloud...
EURJPY @ 4H is currently smack in the middle of the support and resistance levels. Watch carefully for the following: If it breaks 121.918 enter a long position and exit at higher resistance level If it breaks 121.522 enter a short position and and exit at the lower resistance level.
AMD charted to hit 28. A few weeks it was a perfect head and shoulders. Now after consolidation I am looking for the second dip.
GBPJPY hitting resistance line, if it does not break through I am entering a sell position.
USDJPY is at the top of a downward channel, entered in my sell position today and plan to exit towards the bottom of the channel.
Good Morning All, Amazon is hitting the top of a downward channel trend, and it is my belief that is will be heading back down. Looking at the MACD I believe there is a price divergence occurring. My play is to enter a put option around the close of the market if AMZN does not break the resistance line. Buying a put with expiration date of 2/22/2019, x price =...
This week I plan to retrace Baba's gains and looking to start the week off with a couple of put options.