shorting UJ @ THIS LEVEL SINCE THIS MARKET HAS BEEN IN A BEARISH PATTERN CURRENTLY TRADING SIDEWAYS IF IT DOES REACH MY LEVEL WILL BE GOING FOR POTENTIAL SHORTS
Today we are fighting the dividing line between the potential top and the boundary to go even higher for the US Stock Market index. Taking the Brexit move as the key launch point the 127% Fibonacci extension is at 2156.75 on the September /ES futures. The close above or below this level this week is KEY . So why not put a good reward/risk bet on the close? ...
5 Reasons to go short.
1:) Symmetrical Triangle Breakout
2:) 50% Fib level intersects with 14 day bearish trend-line and 7 day bullish trend-line that was recently broken which could create a triple threat of resistance.
3:) Expected resistance at .7200
4:) Bearish Cloud
5:) Why the hell not.
Entry @ .7195
SL @ .7128
TP @ .7100
Sorry for the...
As shown on previous shared idea for this pair last week. We've predicted the sweet spot for price to reverse to be between 1.3150-1.3185 and it has made it's way downward from this area. Now we are waiting or our targets to be hit. Not too late to enter.
Entry @ 1.3150
SL @ 1.3225
TP1 @ 1.3018
TP2 @ 1.2908
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Email: support@fxjunkie.net
Originally posted last Thursday we've predicted the possibility of a reversal between our plotted reversal zone area and then narrowed it down to a Demand Zone and its Sweet Spot.
Price made a heck of a bounce off of the Demand Zone which ranges .7150-.7075 while it's sweet spot .7126-.7100 has not been touched. We took entry at the top green line of the DZ. ...
Enter short within the Supply Zone and enjoy the ride!
When trading Supply and Demand Zone areas i always prefer to try to enter somewhere towards the middle of the range which would be 1.3141 to be exact. This will give us a good risk to reward ratio. Stop Loss above SZ. Confirm your entry using your own charts . I just wanted to point out if you are...
USD/CAD is bullish by the way ;) By using the Point & Figure Chart can easily help you make easier decisions on finding support and resistance. As you can see on the 60m chart for USD/CAD the pattern along with price movement breaking out can't get more prettier to look at. If you are new to Point & Figure Charts I would suggest doing some homework. They can...
Charts observed: Daily ,4hr, 1hr, 15m
Finding Trend:
Step 1: Below 20 MA . Line must have a downward slope
Step 2: Previous Renko bar must be red/down .
Step 3: Previous Heiken Ashi Candle must be red/down
Finding Entry:
Macd Cross Down
CCI Overbought.
