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US30|DOW JONES Bearish DirectionLeave a like below as well as a comment if this is helpful, it is always much appreciated! FX:US30 Currently the Dow Jones industrial average is at an area of resistance on our trendline and from a weekly point of view, price action seems to be at an area where it has formed a double top. If price action will continue to reject, we can expect a strong bearish move that could send the index down hundreds of points. Also there is a lot of uncertainty regarding the election (which takes place next month) that also supports a bearish move.
FX:US30Short
by illMcNasty
US30|DOW JONES Bearish DirectionLeave a like below as well as a comment if this is helpful, it is always much appreciated! FX:US30 Currently the Dow Jones industrial average is at an area of resistance on our trendline and from a weekly point of view, price action seems to be at an area where it has formed a double top. If price action will continue to reject, we can expect a strong bearish move that could send the index down hundreds of points. Also there is a lot of uncertainty regarding the election (which takes place next month) that also supports a bearish move.
FX:US30Short
by illMcNasty
1
EUR|CAD Long OpportunityFX:EURCAD Leave a like below as well as a comment if this is helpful, it is always much appreciated! Currently the EUR/CAD is Selling off, looking to retest a recent low at 1.54270 Tomorrow the CFTC will release this weeks COT data report and upon analyzing it, we can have a better idea of the direction that price action is heading. ** I will update this analysis once the report comes out** If we can see a strong support around the recent low, we can expect bullish continuation which would help shift the MACD above the 0 level as well as crossing the Signal and MACD SMA lines back up indicating bullish action
Long
by illMcNasty
USD|NOK 4H Bullish Trajectory FX:USDNOK Leave a like below as well as a comment if this is helpful, it is always much appreciated! After price action rallied, creating the recent high of 9.61582, it has since then retraced respectively finding support and then breaking through our 0.382, 0.5, 0.618 levels Currently price action seems to be finding support now again around the 0.618 level Should price action continue to find support we can expect a bullish rally to the recent high that would mark the end of the short term retracement. *Note that MACD still needs to shift to the bullish side on the 1H, Use that as a confirmation when forming entry
Long
by illMcNasty
7
USD|SEK 4H Bullish PlayFX:USDSEK Leave a like below as well as a comment if this is helpful, it is always much appreciated! On the 4H we can see that currently price action has successfully bounced from the top of the wedge it broke out of, finding support on the 0.618 level on our Fibonacci We can expect price to eventually break above the 0.5 level of the Fibonacci and potentially find it as a support zone before continuing on a bullish trajectory Keep in mind that the MACD is getting ready to shift above the 0 threshold allowing both the EMA and the Signal to cross, following suit with an upward trajectory as price action continues bullish
Long
by illMcNasty
1