Watchlist, we could see a nice setup here with good RR if this develops accordingly.
“Bull markets are born in despair, grow amid skepticism, mature in optimism, and die amid euphoria” – Sir John Templeton The chart shows the classic 4 phases of a Bubble, drawn by Professor Jean Paul Rodriguez. Mania: "Everyone is noticing that prices are going up and the public jumps in for this "INVESTMENT OPPORTUNITY OF A LIFETIME". Usually there are huge...
We might be seeing a developing descending triangle. If this closes below actual support with good volume, we could see panic selling and it can be a very interesting fall. Remember closing price is very important..and even more important to plan good Risk Reward trades with strict risk management! (1%!!).
Seems like a probable opportunity to sell the USDCAD.
Good RR short entry. Small % risk, stope above recent weekly high.
If price action confirms pattern we could see a nice run with good RR.
See box describing situation. Probable upside. Remember to use small % risk and tight stop.
Entry Above this run which is a 1.61 fib ext of the previous run. Tight stop. Great RR. Risk 1%
Probable nice CUP O´COFFEE Formation in the Yuan. Devaluation has been happeningin steps of 150pips. so this could be a long and paced devaluation (but pretty safe according to Macros). Macro Astro Mr. Kyle Bass has cited: KYLE BASS: 'We are facing the largest macro imbalance in global history' Rachael Levy 01 Jul 2016 6:58 PM 611 Kyle Bass. "We...
Desc.Triangle break and now retest Big RSI Divergence. Euro short term sentiment (and index formation) pointing to a probable bull run. Seasonality after mid year could point to weakness in DJI and DXY.
Seems like a Inv.HnS in the Index. DXY seems like retesting a descending triangle formation with limited upside and big divergence in the RSI. Both premises together make me deduct a probable strenghtening of the EURO. Also, French elections + Eurostocks sentiment are good. We can ride this uptrend while it lasts.
HnS formation. Trendline breakdown. Good RR. See price action at pullback to 0,61 Fib. Use closing prices.
If activated, good RR trade. Preferably break with good volume. Daily close critial.
If breaks below Support, according to price action, should trend lower with excellent RR. Wait for trade activation important, do not hurry.
Possible Great RR Long trade. Pullback with diminishing volume (long term chart) Possible Inv.HnS Longest term