G'Day Mate,
How are we all feeling this fine Monday morning, since my last post about taking a step back and taking a breath the charts have only become more bullish, after the 20ema crossed over the 50ema, we have had a nice long run, coinciding with a breakout of a falling wedge on the hourly. We are so close to pushing out of the massive wedge on the daily also, with the close coming up at 12:00utc in less than 2 hours, will we see a pump, I wonder how many are waiting in the wings to see how this plays out, cash in hand, ready to buy?
Either way, a decent breakout of the daily wedge will see a good opportunity to long I have been long since crossover and will be watching carefully and not closing until a clear sign of reversal. Expect corrections and keep your stops below the last daily close.
I will try to keep things updated.
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
How are we all feeling this fine Monday morning, since my last post about taking a step back and taking a breath the charts have only become more bullish, after the 20ema crossed over the 50ema, we have had a nice long run, coinciding with a breakout of a falling wedge on the hourly. We are so close to pushing out of the massive wedge on the daily also, with the close coming up at 12:00utc in less than 2 hours, will we see a pump, I wonder how many are waiting in the wings to see how this plays out, cash in hand, ready to buy?
Either way, a decent breakout of the daily wedge will see a good opportunity to long I have been long since crossover and will be watching carefully and not closing until a clear sign of reversal. Expect corrections and keep your stops below the last daily close.
I will try to keep things updated.
G'day
Thanks for dropping by, hopefully you garner something valuable from my post, be it educational or an idea towards a trade of your own. Please share, like and comment and engage with me, I am here to help.
Trader, Chart analyst and all round larrikin. Reside in NQ Australia, surrounded by Crocodiles, snakes & giant spiders, not to mention the boxing Kangaroos and devilish Drop bears. It makes my job quite hazardous but strewth mate, I love it.
Kommentar:
ADX DI is about to cross over to positive on the 4hr, we are slowly moving to an uptrend, long way to go.
Kommentar:
Well didn't we crash hard, I got out pretty quick but suffered some loss in the long profit but was able to quickly change direction and made some back in the short, I didnt short to the bottom, sadly I got out at the end of the first long candle and it has been a no trade zone for me since.
