Trade Ideas

4 Hour Time Frame: Strong bullish Engulfing pattern at key Fibonacci level and price.  A simple way to find support and resistance in Silver is to plot price intervals of $XX.50 as seen in the labelled examples, watch and back test price behaviour at these levels for opportunities or clusters…

Daily Chart: EUR/AUD has crossed below a weekly trend line set back from February 2017 and forming a bearish 5 wave wedge (ABCDE). To complete the wedge pattern, the EUR/AUD final wave E is now in play for upside before the next fall.  The open today MUST hold the bullish…

Bitcoin hits major level 10200 for a low risk high reward probability. Bitcoin daily chart showcasing the importance of 10200 Key Points: Price at Fibonacci 61.8% level (June low to August high range) RSI breaks above oversold 20 RSI breaks above trend Price sold off rapidly and finds support at…

DXY – US Dollar Index 6 month sell off due to FED stimulus and investors seeking larger returns from the equity market has possibly found a short-term floor. In September, DXY has already risen 1% and has more room to move technically to support the  USD/JPY  106.800 level. 

US OIL – $41.20 became a huge level for crude in March when it experienced a 25% drop to $30.78.  Since March, the oil price tested $41.20 on three occasions but failed to break through and hold. In July it finally pierced through and held above with now sighting levels…

THE AUD/USD pulled back to significant levels and found support, but failed to break 0.7300 on the back of poor Australian GDP numbers confirming the expecting recession.

ASX200 closed below 6000 and currently under extreme pressure to hold within the ending diagonal pattern. Overnight, the S&P500 and Nasdaq continue to break new highs while the XJO is struggling to breach and close above 6200. European equity markets have started to sell off and with bearish momentum from…