I called this short in late January 2018, in my trading room and a post on my FaceBook Page. Calling it “the short trade of the year”. When you look at the monthly chart above you may understand why i called it that. At that time Palladium did reach and retested the All Time High level…Details
Bitcoin continue the trend to the downside after the break below the 200 DMA that been mentioned in my earlier post. Now the price is heading south and it have one line of defense before we may see a deeper move toward 6000. In the chart above we have the 4H time frame, to…Details
This is a guest post by Trader Trung Le Daily Time Frame: USOIL looks to retest previous High which is also at Monthly Resistance. An AB=CD Pattern has also formed from a retracement of 618 Fibonacci level to an extension ending at 1.272 Fibonacci extension. There are signs of divergence where the highs of the…Details
GBPNZD broke above important resistance today. The up leg seem to be overbought, but looking left there is no structure to hold the price from moving to that top at 1,9830. So i am looking to buy pullbacks till that top reached, where we may get at least a short term bounce down. A retest…Details
USDJPY been in a down trend since the start of the year. the descending channel has been respected all the way down. Last week USDJPY broke outside of the channel and started a sideways move supported at 105.50 to 105.25. The pair did try three time to break that support but the level seems to…Details
CADJPY is now testing major support at 80,500 this level is the low from April 2017. Looking left you see the market made a major move to the upside when the level was tested earlier. Looking at the chart below you see that the rsi is making a bullish divergence, which is an early signal…Details
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EURJPY rejected after the retest of the MPP and back below daily 200 MA. Now trading inside the lower range, making what looks like a bearish flag. I am expecting continuation toward MS1 and that previous structure support. Will be looking to sell rallies on1H TF. “Update 22-03-2018” So far so good, as i mentioned…Details
Bitcoin is now trading back below the daily 200 MA, it broke below previous structure low at 8360. The 7800 is an important support and if broken we may see BTCUSD heading back to test the 6000 level again.