ElonMusksTradingBot

ElonMusksTradingBot Updated 

AUDCAD has accepted the monthly trendline as support the other week, Price has been messing around for a few days but looks to be acting as a flag indicating more upside movement. RSI is converging indicating a breakout is likely to occur. MARSI shows that the Moving Average is now trading above the RSI. However fundamentals show the Aussie Dollar is running into...

ElonMusksTradingBot Updated 

So it was a slow week for EURUSD, a slow week all across the board to be honest. Hopefully things pick up a little next week, however with EURUSD I'm only seeing indications of choppy action. It hit the yearly high-trendline 2 weeks ago and since then and has been choppy. Many thought a head and shoulders formed on the pair, however price failed to close below the...

ElonMusksTradingBot

DXY has been the only thing responding to this pair, increasing oil prices have ensured the weight of the peso is recovered. If DXY Continues a Downwards Direction, this is a good trade setup for a swing.

ElonMusksTradingBot

Openeing a long entry on this pair due to the following analysis. GJ pairs have seem to led the way on this one. No fundamentals on this pair for this speculation.

ElonMusksTradingBot

Hey there, After a few requests I have decided to post a tutorial to my strategy and how I trade - along with some mistakes you can try and avoid! Q: What Indicators do you use to Trade? I use RSI (not for oversold and overbought conditions) - Instead I look at the divergence or convergence of the signal. This can be performed by drawing a trendline from the...

ElonMusksTradingBot Updated 

Let the graph speak for itself on this one, price kept stable even while DXY was tanking. Fundamentals agree with the forecast. Price tried to pullback but was rejected. MARSI Indicating a Long Entry as price is trading above the RSI Signal.

ElonMusksTradingBot Updated 

For those trading Turkish Lira, price has hit the daily trendline and is looking for more upside momentum. Breakout of this trendline would confirm short-term bearish price action. Fundamentals are still looking weak for the lira however so long orders are favoured. A bounce off the daily trendline would confirm long-setups along with confirmation from the MARSI.

ElonMusksTradingBot Updated 

AUDNZD has broke the daily trendline, retesting and then rejecting the trendline as a support. Hence short entrys are now in favour.

ElonMusksTradingBot Updated 

A nice long setup is forming on the pair AUDUSD. As long as index's don't go through another flash-sell off this could be a nice setup to look out for. Dollar is expected to find weakness again this week - however personally I am going to go into any USD setup with minimum risk. MARSI also indicates that the moving average is trading above the RSI Signal in a...

ElonMusksTradingBot Updated 

It appears as if GBPJPY has bounced off the daily trendline. GDP hurt the sterling this friday but hopefully a recovery can be made from this. MARSI shows the moving average is trading above the RSI.

ElonMusksTradingBot Updated 

A head and shoulders pattern has formed on GBPCHF after breaking through a wedge. A trend change may be at play - Fundamentals on the Swiss Franc seem strong after a better than expected figure for unemployement and GDP. Remember to set a tight stop loss and set the stop to breakeven once about 10-20 pips away.

ElonMusksTradingBot Updated 

A cup and handle pattern looks to have formed, therefore a long bias has been chosen. Only buy the breakout, and remember to move the SL to Break-Even when 10-20 pips away from the entry. No fundamental analysis has been completed however for this pair.

ElonMusksTradingBot

Temp retracement before possibly starting the descent to Feb 2020 Lows.