Coming off of this double top, we need to look at this crucial level. Depending on how the candles behave in the next few days, we might have a profitable bounce on our hands. I will be updating with candle analysis as we move forward. Just remember, trade after confirmation of the move! Don't waste your money betting just to be up 20 pips. Check out our focused...
I'm taking this one short right now all the way until 1.47. We see weakening RSI, strong downward motion in the price action, all in the midst of a downtrend. Just watch for some unexpected breaks up, and you should be golden.
Just like CADCHF right now, CADJPY is seeing weak candles moving into strong resistance with terrible strength. This will be moving down in the coming weeks.
This is probably the easiest trade I've ever seen. We are seeing weakening RSI, reversal candles, all moving into strong resistance. This pair will move down in the coming weeks.
There is clearly a descendant trend on Daily. If you look on USDJPY H4, you will see a similar pattern that took the TP. Good luck!
BEEN IN CONSOLIDATION FOR SOME TIME , NOW FOR THE NEXT IMPULSE UP
Another short term target for PotCoin... Longterm trend continues with greater volume. Still a long way to go in my opinion. Entry: around 600-700 satoshi Stop Loss: 570 satoshi Exit: 1200-1400 satoshi Good Read: www.linkedin.com
The EURUSD strength after the FOMC sounded less hawkish is running out of steam. The consolidation of EURUSD in the first week of April shows the market has digested this new policy line from the Fed - consolidation above recent highs. The future direction now depends on who moves next? France and Italy are showing weakness in consumption and that is too...
Still expecting OIL to continue sliding lower. If we can keep below $40.05-$37.68 resistance then it is very likely we will fall lower. Of course the $28.10-$27.54 support zone is vital as we had strong buyers stepping in and buying here. Below that support it is lower prices for oil with the target of $25.13 - $23.61. I have been short a long time on OIL. Added...
Only sell when it breaks the trend-line Stop loss is illustrated by the red rectangle. Green rectangle is take profits.
This is one of my favorite trades. A clear pennant forming which will be looking to break around 2/3's the way through the triangle(that's my general rule of thumb, the more it trades into the apex the less decisive and powerful the break). Easy to read upside, a nice tight stop, with a good risk-reward. In addition the stock is relatively small and nimble, and...