Bears are about to take their turnThe price broke out Ichimoku cloud upward after achieving the buying target which recorded by the crossing of Tenkan-Sen with Kijun-Sen while Stochastic indicator recording an overbuying which is likely can result in a profit gaining in form of a bearish corrective wave
Rebound
What is going on Eur/Usd ?What is going on Eur/Usd ? So the price is undergoing a very short-term rebound. This allowed the price to return in the 1.12 area. In fact, after entering short about a month ago and reaching the first target in the area of 1,112 (as indicated in the previous analysis), the price returned again near the previous entry point.
Technically, the trend still remains bearish on the main TFs, with the price still below all the main EMA and key static resistances. To reverse the trend in the very short/short period, the price should break the weekly dynamic resistance identified by EMA20 and passer for the 1,126. To reverse it in the short / medium term, the price should even violate upwards the dynamic resistance identified by the EMA200 and passing through the 1.16.
The technical analysis is strongly supported by the fundamental scenario. During the week Draghi will speak, declaring the monetary policy that the ECB will adopt in the short term. Which should not surprise analysts and investors, who still expect a strongly expansive policy. This could devaluing the euro, which should loss against the other majors. We expect that this downtrend will start again.
So because of what is going on Eur/Usd the first target remains the support area at 1.112; the last target we expect the area located at 1.08.
NZDJPY (4H) - complex wedge formation - possible reversalThe wedge formation shown is not pure. It is complex. The tighter sharper wedge could see price falling out and to the south. The other enclosing wedge could see price rising north. In situations like these one has to decide:
1. Long with an ATR appropriate stoploss.
2. Short with an ATR appropriate stoploss.
3. Stay out completely.
In addition to the wedge there appears to be a scallop formation which could herald a move north.
This is not a high probability trade. But based on experience, I take the position.
Possible rebound play on DOCK.DOCK/BTC got dumped hard on Bitcoin's big move, and it pulled back to a strong support cluster 290. We have the .5 fib at 290, the 200 day moving average at 289, and we should have an S/R flip at this level given how strong of a resistance it was before being broken on DOCK's run up to 435. High risk as Bitcoin is still all over the place and alts could easily continue dumping. Also, if anyone is feeling generous and would like to support me and my TA, I accept Bitcoin donations! Any donations are greatly appreciated as I am a full-time student in college and it would really help me out! My Bitcoin address is down below in the Signature box. :)
Moving average guide (All daily for this post):
50 day MA in Green.
100 day MA in Yellow.
200 day MA in Red.
Entry: 290-300. The closer to 290, the better.
Target 1: 310
Target 2: 335
Target 3: 350
Target 4: 375
SL: 280 (Beware of possible flash crash wicks.)
-This is not financial advice. Always do your own research and own due-diligence before investing and trading, as for investing and trading comes with high amounts of risk. I am not liable for any incurred losses or financial distress.
GBPJPY - Still bullish Hello,
We are bouncing on the 0.618 on the daily chart. It is a bullish sign for me, as even the bad news of this week didn't managed to push deeper that pair.
Entry : 144.30
Take profit : 149.02
Stop : 143.73
Risk/Reward ratio : 7.7
Historically, the pair is still at a very low level. It could be a nice long, especially if we get good news in the coming weeks about Brexit.
I aim for a retest at least of the previous top around 149.
MACD just resetted to 0 level, it's a healthy move if it bounces up here.
If you made money on this trade, please mind dropping a like :)
EURSGD rebound opportunityThe EUR has taken heavy hits on Friday and dropped across the board. The outlook might be a negative one after all. But experience tells that there is most likely a temporary rebound before the way down continues. Trading the rebound requires good timing and picking the right pair. According to my model the best opportunity is in EUR/SGD. The Friday drop has formed a channel low on the H4 time frame in this symbol. This offers a good risk/return setting with resistance at 5.260 and target at 5.350.
Western Uranium & VanadiumWSTRF is US micro mining stock with two valuable metals with upward pricing.
WSTRF
Uranium Oxide and Vanadium Pentoxide
Mkt Value is micro at 47M, so going upward based on its natural ore resource assets.
Was down near 32-33% and up 21.5% today.
Play with own money, no advice given. Do own research on high strength steel and nuclear power (no CO2 output) and gaps in both resources for next 1-5 years.
Strategies to Buy This Value Automobile StockFCAU has seen considerable improvement under its new management, and with the recent cleaning up of debt, they announced last month that they will be giving out dividends. FCAU has not paid a dividend since 2016, so this is incredible news for what I believe to be a very valuable stock to own in the next few years.
Despite positive earnings, FCAU has seen a tremendous drop. Historically, this is followed by a drop in sentiment and an eventual rebound. Though a "cup and handle" rebound attempt was seen, it was immediately followed by a descending triangle pattern, breaking out into new lows. The average RSI-26 on the 30min candles seems to be descending linearly to the 30 line, where it historically picks up again. This is suspected to take place between March 14th to March 16th 2019.
My suggestion is to pyramid in your buys once the latest low is tested and stop around a 5.5% low from the initial low after the earnings announcement. This gives you the following target buy points:
$14.34
$14.22
$14.13
$14.07
$14.01
$13.93
$13.80
There is, however, a possibility that the best time to buy will be sooner than later. This, I believe, is largely dependent upon the current overall market trends. The S&P and Nasdaq Composite Indexes have been shaky lately. If the overall market rises, we will see this stock recover much more quickly, since it's Beta is close to a 2. In which case, jump on anytime and ride that bull.
BTC: Weird bullish wedge formingBTC is trying to postpone the pump as long as possible. Probably until all the people who are long fold, close their longs, go short. Then it starts pumping.
The high long short ratio probably kept BTC from rising sooner, I though that it would start climbing to 5k much sooner. But apparently it tries to really drag it
out as long as possible. However, it can fight the pump only for a limited amount of time. Re-visiting the logarithmic resistance line, is a must for bitcoin, it
really likes doing that stuff. Also weekly stoch RSI is pointing towards that, and the ultra low weekly RSI.
A short term rebound before the next leg down is needed!
If not, then I don't know bitcoin any more, honestly. If it just continues to decline down from here below 3k, this would be ultra weird.