Looking at the main points of interest in the weekly chart and tracing the main channels and parallel lines we can see a probable scenario developing. Breaking above 1.297 or bellow 1.251 without further developments like a formal deal or new vote seems hard. This trade is based on the weekly close bellow the channel parallel line around 1.293, risk reward is...
Bitcoin Pitchfork Bla bla bla. I know what I'm doing... bla bla bla.
FED continues on his path of rising interest rates, with stock indexes at all time highs, a money outflow from stocks to fixed income assets like bonds is likely to happen. When stock prices decline significantly, one of the first alternatives investments that investors consider transferring money into is gold. We are betting on a significant stock market...
Based on technical, the environment is very risky so this is a high risk trade, but the close bellow the pf parallel line usually means a quick sell.
Brexit deal almost done deal, labour party tomorrow signing the agreement.
Not calling a bottom, but I think that we have high chances of a bounce to break out point from here if we don't break 3600 level today.
Brexit will trigger a depreciation in pound as British loose free access to one of the biggest markets on the world. We could reach parity before the end of the decade.
EURUSD is in a downtrend short term, the H4 candle closed making a new Lower High and breaking previous Higher Low makes for a valid TA trigger for this trade. Stop above round number should give extra safety.
We are at the lowest part of the channel with good fundamentals short term for gold, as the market has totally digested the December rate hike.
We will end retrace wave and start new wave. I think market structure will form a triangle before starting the third wave. This chart is for future study.
I was almost convinced that this time was different and BTC was going to take 12000 but looks like not. BTC has broken down the rising wedge it was in. I had an ABC sell signal since last week and looks like this could be the trigger. It's actually a little bit lower than I would like to enter. BTC has now plenty of support so it's possible that some bulls...
We have tested 3 times the 1311.x support level and we have already broke the last lower high of the last retreace swing, what means that if we get a higher low we are on an uptrend, and this could lead to the end of the retrace. I think that this trend is far from over as the world is becoming more inestable by the day and targets are achievable in the short...
Based on pitchfork analysis we can see that we are in a high probability zone for a new pivot to form.
Hello traders, I really like a short here for USDCAD as we are at the top of the daily resistance, this means that we can keep our risk small for a trade with the overall trend. We are trading on the confluence of at least 3 factors: 1.- Last quarter high 2.- A bulls take profit level because we reached AB=CD in the current swing, which is a common way of...