Overbought bond market might see this ETF heading south to the high to low 130's
hello guys we can catch 80-150 pips i think care lote size and usd SL
BYND reported earnings with a wider loss in the first quarter of 2019 due to higher costs and expenses, but outstanding guidance for next year. Even bullish analysts have set price targets below the current market price of $135. JPMorgan is overweight with a $120 price target, Bernstein rates outperform with a $107 price target, Credit Suisse sets a price target...
MAJOR CORRECTION AHEAD. It might run up for a shadow candle at 5700-6000 LEVEL. But that's it major supply at 6k$ so basically that's where the game is over. But currently all WEEKLY indicators are forced out of their maximum values which indicates me that a very MAJOR correction is coming. Larger then 30% So those neysayers that said we won't see 3000$ area...
AUDCAD is at major resistance Stop loss set above 0.9490 First level of take profit is at 0.9420 Stoch RSI signalling further downside
GBPCHF Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Price action at Resistance of Parallel Channel - Price action close to Another Horizontal Resistance Trendline - Widening gap of EMA - Fundamentally, uncomfortable to hold a Long GBP position because of Brexit uncertainty; to us, a delay in Brexit...
EURAUD Timeframe: H4 Direction: Short Confluences for Trade: - Bearish candle formations - Stochastic Overbought momentum - Price action at Resistance of Parallel Channel - Breaking S/T Trendline within Channel - Widening gap between the EMAs - Fundamentally, EU-Italy impasse uncertainty yet to be priced in and may be volatile in the coming days while...
NZDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Price action at Strong Resistance Trendline (Since Jan 2015) - Price action at 61% Fibo retracement levels - Gap between 8EMA and 50EMA too wide - Stochastic Overbought momentum Suggested Trade: Entry @ Area of Interest 0.6825 - 0.6925 SL: 0.6998 TP: 0.6453 RR: Approx. 3.42 (Depending on...
USDCAD Timeframe: 1D Direction: Short Confluences for Trade: - Upward momentum slowing - Price at Resistance Trend-Line (since June 18) - Stochastic Overbought momentum - Fundamentally, Canada's data is still strong, and Canada being a commodity currency was hit when oil price fell drastically, however, our view is that oil price has stabilize around...
USDHKD Timeframe: 1D Direction: Short Confluences for Trade: - Pegged currency, strongly defended at 7.85 (Limited risk; any break above the 7.85 levels is gonna be a crisis issue) - Stochastic Overbought momentum - Not directly related but Double Top Resistance for the DXY, helps support the drop in USD strength Suggested Trade: Entry @ Area of...
GC ( GBP/CAD) made +125 pips in a day at my OB Vwap Levels setup showing signs of highly overbought and the downtrend begans, forms inverted hammer at 30 min. timeframe, my vwap levels setup is 95% except in economic calendar release and news. Indicators/Oscillators showing signs of divergence/convergence also a good signal etc.
Only for the brave. Should double-top first. Just an Idea. Not a trade recommendation...extremely risky as this could fly to 50$. Tight stop (set and forget).
head and shoulder pattern forming so sell now, take profit should be around 100 pips
Step #1: Define the Trend. An Downtrend is defined by a Series of LH Followed by a Series of LL. The definition of an downtrend is pretty much standard. In an downtrend, we look for a series of lower highs followed by a series of lower lows. Two LH followed by at least another two LL is enough to define an downtrend. A lower high is simply a swing high point...
Closed my position on this trade. Took a nice profit of 81.85% from this swing trade in 5 days. This was nice. EOS is completely overbought in my opinion. It has already sold over 12% and I believe will start dumping hard. EOS is considered to be the etherium Killer! This block chain in my opinion will rock into the future very well! PS This is not...
What a run we've had the last couple of weeks. ONT is looking massively overbought right now. Don't be tempted to buy in just yet, as there's a strong possibility that we'll see some consolidation or even a short-term pull-back as traders take profits. Ideally, I'd wish to see a continuation flag. Keep an eye on this one.
Verge XVG has been strong for few weeks now trading in a beautiful channel. Movement at this rate is not sustainable with RSI now showing divergence. Look for a break of the channel down as the signal for a short-term sell. Good trading!