ETHUSD price has rejected off the supply zone giving the first indication a correction could be upon us. I'm waiting for the break of the raising wedge before entering a short position. The conservative option would be to wait for price to break down and create a lower low before contemplating a short position. Thanks for a having a look at my analysis, all...
Hello ! Key points : Triple bottom pattern (laws of mass psychology, in my opinion a very reliable pattern) Support held despite high volume Indecision rises even though overall market turmoil ( relative strength ) Rising volume compared to the previous trading session I usually never wait for the breakout when trading double or triple bottoms. I tend to...
Hello ! Key points : Fading volume : The fact that volume is fading indicates that the pullback is losing momentum, we should see an increase in volume tomorrow compared to today. Interest in stock is rising. The wide range bullish candlesticks shows that bulls are strong and there's actually interest in the stocks (i.e. those that didn't trade have a chance...
Hello ! Key points : Gap down : The stock gaps down probably because of bad news; opens at old support level Panic selling : The bad news and the gap down triggers panic selling which explains the surge in volume The stock finally settles on a previous support area Last selling burst occurs and indecision rises as volume goes back up Through this trade I...
Watching to see if VIX holds a double bottom. Wedges very often end on double bottoms or double tops (as per a riding wedge). Only using this as a tool to calculate general market sentiment, no positioning for me directly within volatility products currently. Thank you.
Hello ! Key points : Support on previous gaps (highlighted on the chart) 50% Fibonacci retracement, after starting a new trend, stocks tend to pullback halfway after resuming Fading volume signals the end of the current trend Indecision candlestick ("Doji") signals that indecision rises What's the plan ? From a "daytrader" perspective (that I'm not,...
Short GBPUSD Entry: 1.2274 SL: 1.2356 Price holding below its natural moving EMA of 21 period. Further, price is also holding and reacting below descending trendline resistance. With MACD below 0, in a bearish environment. I expect price to drop further towards my target.
Short GBPJPY Entry: 136.810 SL: 138.680 Clean, Simple, Concise. That's how I like my charts. Price has been trending downwards. Despite price gapping lower and making a new low, price came back to cover the gap. This was to be expected as gaps are generally covered. This provided me for a re-entry to go with the trend. I currently see price forming sort of a...
GBP/USD May rise 100-150 pips Insight -Price moving in a downwards trend, has broken previous support level with price now below the 23% on the fib, may hit lower support at 1.2763, then test resistance at 1.2847 and go long then reverse once price is at the golden zone. Intraday - Buy Trade: Buy Buy or Above: 1.2763 Target TP: 1.2847 & 1.2915 Pivot and...
Short EURNZD Entry: 1.771350 SL: 1.775520 (Decided not to put TP because I believe trading should always be focused more on where we could possibly go wrong) This would be an intraday short. I am of the view that we should see a bearish drop towards my final TP. Price has been drifting lower since the start of the month. Though on the longer term view, i...
Sell on strength Buy: 52.75 SL: 53.65 Price expected to pull back towards 61.8% retracement (entry) before breaking below ascending trendline support and then continuing the drop towards 50.55 level. Price is below what I call the natural moving average and MACD seems to be turning downward, heading into bearish territory as well. Cheers.
The following breakout alert is from my Premium Stock Alerts Service with Macro-Ops.com. Here's the trade: 3% Breakout: $5.26 1.50% Breakout: $5.20 Price Target: $6.32 Stop-Loss at Minor Low: $4.66 Reward/Risk: 2.07 Thanks, Brandon
I have shorted this pair earlier this week due to the recent breakout around 1.08274 level. I know that most of the signs lead to a very exhausted and oversold currency but I don't see anything significant that this reverses soon. I'm targeting around 80 pips from the point of breakout or will close it manually if I see a major bullish engulfing candle at the...
With all of the uncertainty regarding the recent remarks by boris johnson it seems as though GBP pairs are moving but not nearly as quickly as usually. As of right now, I don't see much on GBPUSD and will remain on the sidelines. With that being said however, I gave a "Hail Mary" prediction which I will be providing a before and after too. Let's see what happens....
NZDUSD should be making it's way to the upside. Looking for price to tip the bottom around .64214 and or .63913 and also having a box 2 blow out, seeing if price would reset itself to have a continuation of the downside and THEN MOVING UP , setting on top of previous price action.
Factors 1. Price has experienced a LT downtrend (Starting August 19) 2. Price slowly building a base with a short term resistance at 7c . 3. EMA is converging 4. There is an overhead gap at 8.3c which I would be looking to target, 10.5c if we're feeling more ambitious. Possible Reasons For Failure 1. No breakout/bullish price action at 7c to initiate trade 2....
Long NZDUSD Entry: 0.66195 SL: 0.65820 TP: 0.66800 Price testing 61.8% Fibo retracement level and also ascending trendline support. Breaking above descending trendline resistance will see price explode to the upside target of 0.6680. Trade safe everyone. Cheers.
Buy EURUSD Entry: 1.11305 SL: 1.11110 TP1: 1.11599 TP2: 1.11754 Price made a new higher low and is now above EMAs. MACD looks to also cross above the 0 level and set to enter bullish territory. Risk reward isn't exactly attractive for me, so i'm risking a small amount on this trade. TP is determined by Fibo retracements as seen on the chart. Cheers. Please do...