FOREXCOM:EURJPY formed a small double top before dropping 150-200 pips, depending on where you placed your short. This was after a retracement started forming on 7/29/2018.
FOREXCOM:EURCAD has been sideways since roughly 7/2 thru 7/25/2018. Price finally broke the range and retested the channel before dropping on 7/31 and 8/1. Looks like a nice little short for now. Investors wish to keep the trend bearish. Hope you caught it! ~200 pips if you shorted after the close of the impulse candle.
This is a quick analysis of current conditions. The 4 hour Doji we are looking at closes in about 30 minutes of this writing. Tom Demark Sequential (T.D. Sequential) Count: 9 Notes: Imperfect close on the 8. Bollinger Bands Position: Capped Squeeze: None Guppy Multiple Moving Average (GMMA) Trend Strength: Bullish, price position in...
I hate to be on this train, but as I watch this unfold the similarities are there. Ripple continues to be a controversial crypto, but I trade with profit in mind first . There is also a undeniable amount of supporters that keep buying every dip. I am letting you know now, that the odds of this trade playing perfectly are not high. But it is something I will...
This is very long but I would like to be thorough in this analysis, so stay with me. I warned throughout that the entire bounce off of support that the rally was not healthy and a breakdown needs to occur. We got the breakdown right out of the symmetrical triangle that has formed over the last several months. What IS healthy is this breakdown , I would...
Text version available by clicking the image below.
Keep in mind when I do my analysis, I cycle through the various time frames pointing out potential issues I see or biased price movement. If I point out one Bearish or Bullish quality that does not mean we are going that direction based on that one observation. I typically cycle through the points & then tie it all together at the end in conclusion. Stay with...
This is not a full analysis, just a quick look at the most recent drop.
In today's analysis I will be taking issues and indicator signals I see on various time frames. As detailed in my last analysis: "I foresee a small drop short term & then another minor unsustainable rally that ultimately leads to our retest of support levels throughout the next 3 days." Results So where are we at? Daily (Main chart) Kijun-sen...
Jumping right into this... I am going to start with the daily. Then jump to the weekly and continue my analysis down the time frames. Daily Overview Shown above on the Daily, I have the Guppy Multiple Moving Average (GMMA) setup with a few tweaks to color schemes. My only reason to pull it up is to show our trend off of the support, as we go down the time...
Several indicators still yield bearish signals on shorter time frame 15 minute chart(s). (1) Possible H&S formation - my analysis (though this could soon be ruled out if price continues downtrend) is another pop to the 170 level, before retracing back down to the right shoulder neckline to a complete a bearish H&S formation. (2) Money flow remains in bearish...
I was wrong about CAD last time. you can find that as DXY goes up, there is no bullish signal in USD/CAD . It means CAD is much stronger than we thought. so you can see the strong uptrend by GMMA moving average. GMMA long term group is up and strong as well as short term group. So buy it, and measure the target by fio thanks
First wait for channel breakdown below 350-340 range for the shorting opportunity. Like comment or subscribe! Thanks.
EUR/CHF stays above GMMA long term Ma( red MA), which tell us that should buy EUR/CHF in the long term. Also there is a wedge pattern in daily chart from October to December. You can see there is only little room in the wedge pattern and Price is testing GMMA long term MA now. Uptrend is become weaker. However, we need to observe the break out, and then trade it
This is looking like a high probability trade setup. As long as there is no sudden rejection this week I think this one is in the clear to move higher. We may see a few days of consolidation, accompanied by candles with "scary" wicks, following the large price movement that we have seen thus far. RSI breakout on the daily. MACD zero line cross on the daily On...
Wait for confirmation this next week. Volume should confirm
ER on Thursday --Im not a fan of their daily chart at all. So I zoomed out to their weekly chart. Not too sure I would take an entry into this one simply due to the way that their daily is looking -GMMA shows traders compressing, thus agreeing on price
Interestingly $NKE recently had a similar setup as well. Trade details on the chart. Is there any reason retail would be bullish right now?