leanosamwinga

leanosamwinga

Oil has been rallying since the lows before 0 and it doesn't look to stop soon. I believe we could break this channel.

leanosamwinga

I decided to give a more longer term view. We could see the New Zealand Dollar appreciate in the near future. I don't know when we will start to see bullish momentum. We could see price come back to form a double bottom structure.

leanosamwinga

We can definitely expect price to be overextended before this pair drops and we look to target the beginning of the pattern.

leanosamwinga

I have been long term bearish for a while and in fact I did manage to catch a short trade from the channel top. Now we are at the bottom of structure and I expect a rally before an impulsive move which I plan to take to the downside.

leanosamwinga

Although oil may have broken a trend line i still think the momentum. This is because price seems to be creating another channel which is getting more respect in the market. And this doesnt mean that the broader channel is totally neglected.

leanosamwinga

Last week the crypto was very persistent with trying to break the $10,000 mark but was un successful in doing so. Now price has broken an ascending channel and we same a further correction broken earlier. We could see prices in the 8000s be touched again.

leanosamwinga

On this US index I still back my original bearish view although price started to retrace back up again on Friday. If you view this in line chart you can see a possible head and shoulders which supports the idea of a short trade. We continue to watch this.

leanosamwinga

We expect the next wave to be bullish but this could just be a cover up for what's next to come. We expect price to make its way back up to the channel top and we could see a consolidation before huge bearish power. This move could most likely take weeks to play out.

leanosamwinga

What we have here is a very good example of a channel. Previously, price has moved up and down within this range with no hesitation but now price is in a small consolidation after the move up. Could this signify something significant is about to happen? There is no doubt about that, and price could indeed break this structure to the upside. For now we leave this...

leanosamwinga

It is clear to us that price is moving with strong bullish impulses followed by a correction. Is price currently in a correction? Yes we believe so, but we will not rush into a buy until the market confirms to us that the correction is over and the next wave is due to begin.

leanosamwinga

We believe price has bullish potential. As this pair is currently in an ascending channel, we can expect a rally to the channel top, which coincides with the 1.618 level.

leanosamwinga

I am convinced this is the best channel perspective to use on this pair and time frame. As price is rallying, there will be no surprise if we see this bull run end at this 1.618 fib level. This is one of the two scenarios I have in mind. the second one is that price will make it to the top of tgis channel and then drop. It is not certain to where and when price...

leanosamwinga

I still believe that lower levels are to be hit before we see any kind of reversal. If you open up the weekly timeframe you can see that price closed the week with a bearish engulfing candle. We are not convince price is making a reversal unless we see a break of this descending channel we have drawn out.

leanosamwinga

We have a demand zone being approached and we are looking at bullish opportunities on this pair.

leanosamwinga

Price could make a come back to retest this trend line. This pair has the potential to form a double top at the recent high.

leanosamwinga

We can expect higher prices to be reached in the upcoming week. Since we broke and retest the descending channel price has made a good rally. In the week ahead price will have to decide whether it will break or bounce at the near trend line.

leanosamwinga

Bigger head and shoulders pattern identified on daily time frame then moving lower to four hour we identified a shorter term head and shoulders pattern, indicating some kid of reversal of bearish movement to come after key levels are broken.

leanosamwinga

As long as the stock index doesn't break below this trend line, i will remain bullish. We have a short term trend line that has formed and if we see that get broken we could see a fall to the longer term trend line. I wouldn't be wanting to short this as we have so much momentum to the upside. We have a previous level of resistance approaching and we see it get...