Recent price action may favor the short side of $USDJPY #FX #Forex $UUP $EWJ
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1. Strong support levels via big green candles near to level 2. We enter this trade slightly earlier (as we want to head to bed earlier than usual) while possibly getting the same returns over 8 hours. Will update soon!
WTI: USOIL Beginning to break down now and vulnerable whilst unable to clamber back above 51. Trend looks to be changing here so we move back to a bear tack looking for shorting opportunites whilst below 51 - stops for shorts need to be above 51.16 for now for small loss if wrong here
Now Dax has on good strong level to change short to long. Tomorrow and friday go up and go up near to 10700. ( Blue has the probably long pattern)
Now its a strong downtrend :) Lets take some Pips ^^
this good low risk high reward trade
DXY - USD Dollar Index could change Long RR Ratio >3:1
Economic data will accelerate the trend or change the trend, so do not bet on the data, unless you have a large floating profit
GBPCHF Giving us a nice posiblke change of the trend --- BUY!!!
Here is a quick outline of how to detect a bias shift on a trade-able instrument. Clearly the last few days are completely out of the norm. The market has expanded.
Here we have a completed Gartley pattern in the positive deviation area of the last 100 and 200 moves. According to my strategy , this market is likely to reverse down into the negative regression. As of right now, the market is retesting the high at point D and we should see a trade completion in the next couple of hours. Anyone that has been following my trades...
Background: Price found enough demand to halt its current downmove @1.46300 where the current minor rally broke the (red) supplyline indicating that demand outweight supply at this moment , the rally stopped near the current high @1.5552 which can bee seen as current resistance which needs to be overcome in order to speak for returning strenght to the market ,...
ADEP, or Adept Technology, is a robotics company focusing on industrial automation, as well as software and vision guidance. Recently caught in a downtrend, ADEP seems to be making a reverse head and shoulder pattern, which could be confirmed within the next week. On the 15 min chart, there is also a cup and handle forming which if confirmed, could trigger a...
Its looking like a change of trend is amongst us. Price piercing the cloud is looking likely here.