I have followed NASDAQ:TSLA for a while now and this 290 level has been huge. We have tried to test it a couple of times and failed, and you can see how price was stuck in a range below that level for almost 4 months earlier this year. The one thing that worries me is that there are a lot of people on social media calling for a pop here because of the drop we...
XAGUSD has been holding the breakout of this wedge as well as the 8MA and 21MA. I like longs here using a break/hold below the 21MA as a stop. I would target 37, 37.5 initially and if we can see a break/hold of 37.5 I would target 39, 40.
I would like to get long XAUUSD if price can do one two things. Hold a test of the 50MA or show a look below and fail of the 50MA. Gold has been pretty weak the past couple of sessions and it looks like they are taking out stops and using the liquidity below that trendline to get long. Really good R:R here as a close back below the 50MA would be a stop. Let's...
Watching ES and SPY here at new highs. I am bullish above the 8MA and want to see how markets respond in the Asia/London session. Buying dips down to 6050 is a good play along with buying a break/hold above 6100. Let's see if they run this into NFP or if we get a much needed pullback before the data.
BTC is putting in some nice price action today on the 1H. Strong consecutive bullish candles and looks like it may have set up a short term low/base down at 56.8k. I like a long here with targets up at 63k, 64.6k, 65.2k.
I was looking at /ES on the weekly because things were looking interesting on the lower time frame charts I spend more time on. Low and behold and this chart is looking like it could be setting up for much higher prices. The recent down move gave us some rebalancing off of the crazy run we have had since late last year and the last two weeks seem to be showing...
NZD has tested the 0.61 level and is now pulling back from 0.604. Fundamentally NZD looks weak as well with talk of negative rates being considred.
I am shorting here with a stop above the highs around 0.611. TP1 @ 0.586, TP2 @ 0.57.
