USDCAD SHORTING OPPORTUNITY AFTER LOWER LOW
DIS on oversold stochastics and on support trendline. I've started a position of 20 shares after market close. Will be looking to add to position if price drops to 93. Stop-loss will be set at 92. As always, Limit will be set at stochastic oversold levels or top of channel.
On the weekly timeframe we see a nice range. Resistance at 1.14500 very nicely. The last candle finished with a wick down signaling strength in bears. Then looking at the daily chart you see nice LH and LL on a downtrend for more confirmation. Then looking at the 4H chart lets see where we should look to enter on this trend 1.11000 seems like a reasonable...
1 thing for sure both of em gonna be good moves... gut feeling for longs but on the break of support most def gonna ride this one out till 1.618 :)
As posted in a previous post I am expecting GBP/USD to make new lows with a break of 1.28000. An opportunity is now forming on the hourly to try and hop on the trend a bit earlier with a break of a counter trend line. The 1.3000 level has been rejected 3 times now and a breakout retest continuation of the counter trend line could send us lower. Targets would be at...
TCT Lower Lo Lower Closed and a bat pattern at 5 Mint
thanks to quit bad data coming from the us , spx has finally breack from it's range to give us quit a perfect short . So whatto do now ? looking for some profit taking in the market to give us the opportunity to reenter short on the market . Because now that pa has closed below the ma on the daily we will be lloking for it to to sustain a pull back to confirm a...
TCT Trade With Lower Low lower Closed RSI Divergence
Gold was consistently made higher trough in the shallow trend line. From the dow theory perspectives, the current trend still sideways. Nevertheless, gold now advancing to the lower level, creating new lower trough and the bat pattern of harmonic calculation will be completed. There is no sign of sideways transition reversal, as it formed higher and lower peak,...
As man can see I drew a couple of normal trendlines and annotated all the highs. Will we continue to set a new LH or will we see a breakout? Leave a comment and like if you agree with the idea!
We will wait for a little pullback to the 1.40 level and buy from there. This pair is ALL BULLS.
High risk to buy now because it can do one more lower or you just can wait to seeel at the top of the Channel
After breakout of monthly high this pair consolidating first time so short term downside momentum possible at least to test broken monthly high. If that one fails next stronger support can be see at daily trend line 2015/09/29 low and 201510/30 low. Setup invalidates if recent consolidation will be broken.
Very clear H1 bearish double top formed, perfect setup for a 2618 trade to the downside. The only trade management that the 2618 requires is when price reaches TP1, we close half the position for profit and move our stop loss to breakeven. Otherwise we have our entries and exits in place and just let it run. Entry - 1.33210 Stop - 1.33831 TP1 - 1.32510 TP2 -...
The USDJPY has multiple times had trouble with the pink resistance level but broke through it yesterday and is now coming down to retest it once again! We look to long it when it comes back down into the 121.4s as we then get what i call the "broken fang" setup meaning that price prints higher highs but equal lows (indicated by grey triangles). Other confluences...
The GBPUSD has multiple times bounced from the purple boxes but is now ready for a second retest. We look to short it when it comes back into the 1.537s again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. We can also see that we are currently retesting the blue trendline which hopefully holds and help us...
The CHFJPY has 3 times bounced from the purple box but has now finally broken through it. We look to short it when it retests this level again as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. Our stops go above the resistance box and I'm hoping to catch a 1:3 on this one as price should come back down to at...