Refer to Chart for Details.
Placed 2 orders to enter half orders at the 61.8 and 78.6 retracement of XA. Downtrend clearly visible on the 1D and 4H charts
Typical market behavior for a correction phase. Let's wait if the market price levels will be exceeded to the downside, only then this could turn into a bigger type of overall (weekly) correction. As of now higher timeframe breakouts were hit, a continous trend to the upside is still possible.
This is an interesting setup for a short on the EURUSD. I've made my probability estimates based on standard indicators: 1. EMA50 2. Aroon 19 (a customised version). 3. BuySellSignal 4. ATR stop-loss by Vervoort. 5. RSI. 6. Fibonacci Key features - all considered together: 1. Established down trend is re-established by price falling below EMA50 on 4h. 2. Aroon...
Gold hit a weekly buy fractal without trading back into the balance zone. That means it didn't really want to breath, instead the pressure to go higher seems to be extensive, a weekly close above the breakout fractal level as we're seeing right now supports that. Just like in Silver, this market seems to establish a new overall uptrend.
After posting a buy fractal will be hit in Silver at around 16.00, two more weeks have passed and prices have continued upwards. It seems the weekly turnaround has happened and a new uptrend will unfold. Hold on to any longs. Stops in place. Ride the trend.
Numerous times price tried to break out to the upside on the NZDUSD Daily. It has always failed. During the last week of trading the same has happened, price wasn't able to stay above the important resistance area (marked by fractals), instead it went right back into the balance zone. It's possible a new down fractal will form soon, that would be another selling...
AAPL has undergone a huge upmove since 2009. It has created a divergence and a first leg downwards establishing a major support level. The stock is now higher, but far away from its ATH. The entire move on the weekly needs to be corrected and it is likely that the next support area could be hit (around $72)
The SPX500 has been rising ever since the worst start of the year in history. This bullish movement could come to an end now as we don't only see a divergence and prices starting to trade inside of the balance zone on the daily chart. This four hour chart shows price already tried to break through a fractal and is now sitting just on top of what looks like pretty...
Just now Silver gave a long-term buy signal on the weekly chart. Another buy fractal was taken and prices seem to want to move higher. It looks like a 4-year correction could be over with divergence and buy fractals signaling a possible new impulsive move.
Been posting this in the Chat all afternoon. Short hit at 108.45 this afternoon in USDJPY, still active and holding on to it at least until tonight's close. Will then decide whether to hold over weekend. Trendfollowing works even on such a low timeframe. Of course profit potential very limited in daytrading.
Not just this week closes below the significant fractal sell signal in the USDOLLAR Index. The break of this support happened three weeks ago already and might actually see some continuation. I indicated the next important support zone, let's see if this market will hit that level. On monthly it's correction mode - so don't expect a stable and robust trend down...
After a short breakout has failed on the higher timeframes in Sep 2015, an immediate reversal occured and this FX pair went all the way from 0,92 to 1,02. Ever since it hit that high it retraced, but never went as low as the previous low in Sep 2015. A possible trend continuation could follow if the indicated fractal buy signal is hit. It would mean the break of...
it might pullback some. How much? Does not particularly matter. However here are some round possibilities and corresponding drawdown differences and percentages from $207.14 high. Near term bearish. Manage your risk and obey your rules.
UP Fractal = Resistance, buy on breakout DOWN Fractal = Support, sell on breakout If Trend gets going, hold on to position until price closes above/below purple line. Watch for divergences in Momentum indicator vs. price. Watch for major and minor corrections that could indicate a new entry point or a slowing price. After a trend is done, prices will always...
About a week ago I posted a chart looking at a potential bearish bat pattern on the EURUSD & told you that I'd be looking for reasons in my Live Trading Room to get involved in the move up to that level. Well this week I was able to take advantage of that opportunity & wanted to share with you the video demonstrating how exactly I did so. www.youtube.com I'm...
Earlier in the week we looked at a short opportunity on the EURJPY. After a period of sideways movement the market have finally moved in our direction and is slowly inching towards targets. More importantly stops have now been rolled from an area that offered 100 pips of Risk, to the new worst case scenario being 85 pips of profits. (GREAT FEELING WHEN YOU KNOW...