Sell below 86.52. Stop loss at 86.75. Take profit at 85.63. Reason for the trading strategy (technically): We remain bearish below 86.52 resistance (Fibonacci projection, Fibonacci retracement) for a drop to 85.63 first (Fibonacci retracement, horizontal overlap support). Stochastic (21,5,3) is seeing a nice reaction off our 94% resistance level.
Market price has reach the support level which is my entry level for buying the stock market @ 1.0112 and will exit the market level @1.10808 which is my pullback line level. Calling for all trader for buying the stock entry @1.10112 option1 @1.09948 option2 @1.09223 option3 Please exit market level @1.10808
I'm thinking this is a pretty good long opportunity.. What do you guys think?
I'm looking to SHORT USD/JPY shown in the analysis provided. In my opinion this looks pretty solid and follows the current downtrend happening right now.
1. Stopping volume: The previous bar is a down bar closing at the lows of the bar with high volume, what this means? possible selling, but, look how the next bar respons, high spread bar, closing at or near the highs with greater volume, so, if the previous bar was a weak bar, why the market didnt go down? The next bar is a up bar with not excesive volume, so, it...
USDINR which is currently near the range of 67.60-68, seems now trend is about to change in near future. We see this currency taking a dip till 52.80 and much lower till 38.40 in time to come. Seems USD is gonna be killed across the globe. This currency might take hit for all the globe currency. So be careful in USD long with any pairs.
A confluence of Fibonacci and support line around a harmonic pattern spells a long opportunity. The price may try to reach a Fibonacci level of 127.2% at 85.76 but fail since it is seriously oversold. For those who can't wait for the formation to complete as indicated on the chart, wait for at least 87.5 to break set stop a few pips below 85.76
I am not a long term trader however it is often good to know the prevailing market bias so that we don't make huge short term projections against the prevailing market bias. When you take a short position in 2016 it would be a good thing to be conservative with your targets as the EURUSD is going up. Once the 1.1059 break happens I see an area of resistance at...
There’s a bearish pin bar candlestick pattern in the making on EUR/CHF at the 1.2115 resistance level. This pin bar candlestick pattern also pierced through the upper end of the bollinger band and snaps back quickly. The long term trend is still bearish as all the short term moving averages are still below the 200 period long term moving average. The current...
AUD/USD formed a false break of the inside bar candlestick pattern and the false break candle itself is pin bar candlestick pattern which adds odds to the short sellers in this market. This bearish candlestick pattern was formed at the tenken-sen and the 10 period moving average as well as near the middle band of the bollinger band. The trend is still bearish as...
There's a pin bar candlestick pattern followed by a cluster of inside bar candlestick patterns printed on the EUR/USD chart. This combination of bearish candlestick patterns may lead the price lower in today's New York session. Note that when the pin bar candlestick pattern was formed, the Commodity Channel Index (CCI) was showing a overbought situation which adds...
USD/CAD surged after the break of the inside bar candlestick pattern that we covered yesterday. The breakout of the inside bar candlestick pattern lead the price to break the 1.1015 resistance level. Note that the inside bar candlestick pattern was coupled with the Stochastic and Commodity Channel Index (CCI) showing the price is oversold which adds strength for...