Mayonnaise_T

Mayonnaise_T

Not usually my style but nice setup for a long scalp on gold. Finding support on 200hma with upward sloping 20hma. Therefore we can take the long with stop below .618 retracement and target 1. (full retrace)

Mayonnaise_T

As we can see SLV has retraced after our initial impulse. Using the 3 hour timeframe we can see good support below, with rising ma’s signifying likely upward move.

Mayonnaise_T

Ethereum to outperform BTC in coming weeks. We are bad testing support at .035 levels with bullish MA’s up sloping and supporting a move within ETH/BTC. Target is .05.

Mayonnaise_T

Dxy rejected 20 weekly MA as well as .5 fib level. We now target .382 and new lows at .236.

Mayonnaise_T Updated 

False breakdown of prime trend-line (white line), currently reclaimed. Would not look to long here - rather I would look for a break of R1 resistance @ 1905 and look to rebuy on a retest of previously strong resistance. Likely scenario would be ->break 1905 ->test 20DMA -> retest 1905 support -> target 1945. We can set our stop losses below S1 @ 1881, giving us...

Mayonnaise_T

As you can see we've been consolidating for some time between the .618 and .5 Fibonacci levels. The weekly 9 MA appears to be rolling over insinuating the potential for more downside, and likely scenario of a death cross 9/20. Waiting for a weekly close below the .618 level in order to validate the potential of targeting the .764 level. Will look to short a...

Mayonnaise_T

We have now broken out of the descending channel (pink lines)! This being said, we can look to long Nasdaq while holding the Prime Trend-line (white), as buyers now have the advantage. We will look for tech companies to continue to drive the markets to ATH's. Ideally we can utilize the Prime Trend-line in order to add to our positions, so long as it holds on 4...

Mayonnaise_T

Euro/$ is currently operating within a downward triangle, which I believe will be broken down due to the increase of USD. Noted are possible entries/TP's for the trade.

Mayonnaise_T

AUD/USD is steadily approaching massive resistance, while also remaining massively overbought as seen on the RSI levels. I think it is likely that we see the price of the Aussie dollar fall especially following CPI data just released.

Mayonnaise_T

Euro/USD bounces off 200DMA for the 3rd consecutive time on 4hr chart, plus is in downward HNS formation. Part one: success for 100 pips, lets see how part two goes.

Mayonnaise_T

I believe that retest of Upward trend line will occur, and UJ will stay within channel and post a new high.

Mayonnaise_T

My plan for the next few days regarding EU's movement.