There is a current waves of strong bearish momentum of sellers entering the market in all angles. You can clearly see the Downward trend right now in which I am anticipating to continue. I'm not late at posting this time as I just entered right now with an expected target of around 130.40
Again I'm a little late posting this trade because I was abit busy doing other things but I am already in trade few hours ago. The rationale is very similar to my GBPUSD Short play on the daily but this is broken down on the intraday level. I am aware alot of people were either long or bullish biased but I knew the uptrend momentum has already faded as explained...
It doesn't look good from my perspective! All tools on this chart are pointing down :(
It looks as if we are still in wave III of a larger downtrend. There is a possible short term bullishness towards 232-240. If we reach nearer >235 it could mean a short wave III, followed by a shorter wave V to 210-200 area. If we hit <233 ish before continuing down we could be into wave (3) of the larger wave III, which would end around 160. This may be a very...
Return up and down again.This is a similar movement.
The pair got a potential of down movement, In case if the pair will break down the 0.765 Level the new lower Targets will be on horizon. At the moment Sell limit 0.7750, SL >0.7850, (move down after new upper extremum formed), 1TP = 0.7650
Yesterday,rebound from "BuyZone-D" and suppressed in the neck. And attacked low, closed under 107. From the fact that it was closed at the hidden-line firmly in Daily, I think biase of today downward. Since a strategy of looking that not fill previous the hidden-line in 4-Hours, If exceed 107.40 / 50 level, I doubt "return" once. The movement of yesterday to...
Two scenarios. Back to the downward channel, or a continuation of the correction.
EURUSD reached the upper trend line downward channel and returned to the weekend gap. Likely to retest the upper channel line. Failure likely lead to a test of the lower trend line, and its breaking result descent to the level of 1279 (fibo level)
This month looks like it COULD possibly form a Bullish Pennant along the downward trend line that is most notably found on BTCE. I've been making my attempts at day trading but have failed a few trades, so I've decided to take a step back to my long term strategies and continue there where my skill set is better suited. If you're new to trading feel free to do...
There are a great many oscillators that seem to be either entering or in OVERSOLD mode now. UO has not been giving any divergences but we can still look at its OB/OS signals it gives. What I initially noticed when firing up this chart was that I swear it was a Deja vu (god TV when can I post the correct way to write Deja vu?) that I swear the way the market had...
The moment I have been waiting to see for some time has come! We pushed up and broke the long term downward trend. It looks as though it is acting as a support line but that may end soon and a new line for the upward trend will have to be drawn. The bulls have gotten out of the meadow and are looking to fight. Bears have still got some fight left but are tired...