Price bounced off the 0.236 fib several times forming a evening star and then several bearish pinbar candlestick patterns in a row. This is indicating selling pressure, we could see price advance to the downside soon. My preference is a rally up to the 0.5 fib in confluence with some structure but advancing up to that level is looking less likely. RBA meeting on...
Hi Yen Risk Takers, This idea is similar on the USDJPY bullish idea I wrote a few days back, but with a different approach in terms of entry level. Usually the entry levels that I wrote are designed on a simple breakout basis. In here I will described another slightly more advanced method for entry. By all means, advanced entry may not necessary mean that the...
Hi Yen Risk Takers, Straight to the point> (1) USDJPY is generally trading in a Bullish Environment Since Oct 2013. (2) We note a very clear immediate Elliott Wave formation developing. Currently price is in Corrective Wave 4 with possible Wave 5 projected in the future. Seasoned Elliotticians should be able to spot a bigger Elliott wave at a higher...
Dear Fellow Risk Takers, Here's a price chart where in one quick glance, it is clear where the price is very likely to trade, going forward. Regardless, it is still prudent to do our due diligence and work out the details> Price of Illumina (ILMN) has been rising in an accelerated trend, between Feb 2013 to Feb 2014. Price has risen from around $50 to $180...
Price is in an uptrend on the weekly TF, and is making HHs and HLs. We could possibly see a bounce off the bottom trend line which is confluent with the 61.8 fib retracement area and a continuation of the uptrend. This move is invalidated by a clean break of the bottom TL followed by a breach of previous HL. Long on a break of the retracement CTL.
(1) Qihoo has been trading in an uptrend from May 2013, until Apr 2014 this Year. During this period price has risen from $42.20 to as high as $120.00s. (2) After breaking the uptrend line mentioned in (1), Price consolidated sideways and subsequently formed an obvious Head & Shoulders Pattern. This bearish Pattern is confirmed when price broke out below the...
EURCHF coming into a nice structure zone, forming a downward wedge on the hourly. Looking for an upwards breakout of wedge structure before going long. RSI oversold, RSI bullish divergence Structure zone overlapping with .382 retracements. Upward trend on the daily.
EURCHF is forming an expanding triangle on the daily. Approaching the support line of the triangle, hourly chart is showing a descending channel. Price has already bounced off of the triangle support line, if price continues upwards past previous high, will be going long. If price stays in channel, will wait for a double bottom.
A sell stop below last weeks low and a buy stop if the price initially falls below last weeks close. In each case if the stop order is filled, I am expecting continuation in that direction.
Bullish Cypher pattern in the 1h timeframe is completing in an potential bouncing area defined by relevant daily structure (recently broken to the upside). Action: buy at cypher completion and look for continuation.
Looking for a continuation to the upside in the direction of the main trend (retraced 50% circa). Buyed at market on the first green candle close after the double bottom.
My previous post related to Silver is linked here. At first we saw the decline below major multi year support. We then saw establishment of support at 17.326 where for a few days we experienced consolidation with a declining series of high's before last night, where we experienced another drop into the early hours of the asian session. My positions that were...
Today's bullish reversal bar has rejected the 50 ema, horizontal support at ~87.55 and trend line demonstrating a bullish rally. Hidden divergence is noted on Stochastic and RSI.
Technicals: Bullish Signals from: Symmetrical Continuation Triangle Expected Price Target: $6.00+ Timeline: 4wks Bollinger Bands – W Bottoms Last bottom lower than the prior with bonce toward middle. MACD Line cross-over with upward direction. Parabolic SAR Start of uptrend with 1 period. Awaiting more confirmation. Net Volume on rise. Conclusion: Short...
GBPCHF is in consolidation, waiting for a breakout. May fall towards a 1.27 extension after the .382 retracement or go to the .5 retracement and come up against the falling trend line. Either way I'm waiting for some signs of a trend continuation, waiting for the .5 retracement for a better ratio.
GBPJPY in a bearish trend. Making a retracement and putting in some long wicks against structural resistance. Resistance lines up with .382 .50 fib retracements from the last two swing highs. Bearish divergence. Going for a limit sell at 172.3
GBP/AUD 4H Trend continuation setup (short) We can see price making lower low (new structure low) and that signals contiunation of the trend. Major daily structure is way lower and that tells us that price will drop down lower to that structure and retest it. PRZ is quiet large and i would take it at the top of it because of risk:rward ratio. If price will not...
We note that Price has been on an uptrend from Sep 2012 to July 2013, where Price traded from 9,700 to 10,970. From July 2013 to July 2014, Price has been generally consolidating sideways, forming a major Triangle Continuation Pattern, We also observed a minor Double Bottom formed within the Triangle Continuation Pattern. Since price has currently broken out of...