Colonel Kink Forex Reporter is looking at WTI long continuation but only after some retracement. Now at neighbourhood of previous high WTI could easily turn into a bullish continuation, bullish take profit or even bearish blow-off top.
This is my analysis. Call it objective analysis or wishful guess but I see WTI reach 107 by end of 2018. That’s because we ran out of levels for the last 3 years but the next highest turning point in 2014 is around 107!
Looks at basics of Simple Moving Average and Stochastic Indicator and how to combine them into a forex swing trading strategy.
3 elements in EURJPY chart from May 2016 to 22 June 2018: A) up-equidistant channel B) down-equidistant channel and C) rising mid-extended trend line. Expect price action to test these elements in any order for support and resistance.
EURSGD displays three resistance shadows overhead. Current trend describes up-down-up so swing traders should look for short continuation from February. Current week is white week candle day traders look for long. Colonel Kink Forex Reporter.
How much a slight different in girth and angle of rise can make to one’s perception. No matter how I look left and right, I am definitely bearish of XAGUSD but wavering between bullish and don’t know for XAUSGD. Both pairs are now sitting on support.
EURAUD look for swing short with potential right shoulder. EURNZD look for swing short at major previous support. Colonel Kink Forex Reporter.