Dollar has had a relief rally recently, but the question is can this strength continue? to me it looks like we have a breakout of the channel that was providing this dollar strength. we have since had a pullback to structure and have made a 4h wick. also whats interesting is that this level was also the 0.618 pullback since the high. This proves to me that we...
Gold could break up to the upside on the weak dollar. look for breakout to confirm the long position
EURUSD has made a cup and handle formation, and price is starting to break the ema 89, wait for breakout of neckline. or enter under pinbar.
GBPUSD could be forming a harmonic pattern, with an entry at 1.3515 and 38.2 and 50 fib targets.
GBPUSD is looking for support after failing to break 1.37. so we have fallen back to 0.5 fib, high volume and the ema 89 as trend support. despite the bullish dxy we may still get a bullish move in the pair, after the big weekly consolidation breakout
Tilray has bottomed out i think since we saw the $5 prices, and now we appear to have had a breakout. ideally wait for a pullback maybe to the $10-$12 mark. I noticed every time Biden got closer to POTUS, that tilray and a few other cannabis stocks had bullish moves. So longer term i believe this is Value investing at its finest. I have placed the shares in my Tax...
GOLD could look to bullish here if the 0.618 fib holds, although im not an expert in harmonics i just noticed a suspicious pattern lol. please tell me if the numbers are off haha
EURUSD should make a little fall here as dxy closes the gap. rejection of ema 89
I think GBPUSD will have one move down to get more buyers located at the 1.36 area. look for price action to resist the 0.5 fib from previous high for confirmation.
Premier Oil a UK oil contractor, doing well recently with OIL beginning to regain lost ground since covid. appears to have made a double bottom. technicals dont always work in your favour in Shares but its looking likely to my eye and as such has earnt a small percentage position in my stock portfolio.
A good time to enter would be if the 4h chart can make a pullback to the 0.382 and the volume profiles breaker. i have an order set at 1.36
Just an overview of what i believe the price action will be over the 15m timeframe a pullback to 0.5 or 0.618 and then long to new highs
Gold pulls back to the 0.618 fib produces a pin bar, dxy falling as we speak. stop loss under the pin go long.
Bitcoin has made a 0.618 4h pullback, the USD starting to weaken go long with stop under pin
EURUSD 4H CHART SWING LOW- price will rise from here as dxy rejected going any higher this week with a double rejection of the 90.7 kinda levels look to long eurusd to a higher high
Will bitcoin continue down after making this major head and shoulders reversal at $42k. price has since retraced from the new 30k level to reach the 0.5 fib and almost the 0.618 fib and appears to have rejected going above 36.5k despite the dollar remaining pretty constant this week. so be interesting to see if more bearish pressure can push price below the ema 89
So i was going to post this yesterday but had a 24h mute -_- so couldnt show either my bitcoin trade or my gbpusd trade till today which is a shame. so mmy entry is 1.3520. and price has rejected the 0.5 fib of the major daily move from low to high and price looks to push above 1.37 especially as the dollar falls. go long stop under the wick manage your risk, look...
GBPNZD has made a head and shoulder on the 4h chart and will look to head down after rejection or breakout of the wedge/ retest of neckline