I have been bullish on AAPL holding shares since just before Xmas at ~$146; TP @$155 was reached about a week ago. However, in the last few weeks concerning the trade tensions and debate with Qualcomm it has been a wait and see strategy. At this time I am strongly considering a bearish Option Credit Spread and will update with specific strike prices. It is worth...
Riding the bearish breakout on my fib lines by setting up a short stop order for this pair with TP @1.50 (psychological support) and SL @1.515 (few pips below the 0 fib line), but must monitor closely because of recent bearish sentiment on oil and CAD. forextv.com Daily: Weekly: Confidence: B (must close before the CAD trade balance and US NFP news tomorrow).
Same reasoning as EURCAD trade (capture possible drop in price to 1.50 psychological support by end of trading week). Setting up short stop order with TP @1.50 and SL @1.5604. Must monitor this closely as well esp since higher risk of getting whipsawed for this pair (1.55 is psychological resistant which makes the price "sticky" to it). Daily: Weekly: ...
Same logic as the EUR trades earlier, setting up short stop order to ride possible bearish continuation up to weekly psychological support @1.75, but with more conservative TP @1.75728 and tighter SL @1.77047. Daily: Weekly: Confidence: B
After the influx of bullish volume that flowed into BTC ~28 hrs ago the price has begun to cool off and a falling wedge is forming on the charts. The current candle shows the price ran up to 6379.9 before heavy selling pressure was met. In my opinion because the support has become more solidified in the context of Fibonacci levels, Kijun San, Tenkan San, Kumo,...
I will not tackle this market quantitatively. Even though there were good data supporting the euro and eurozone stability. But the markets want to push euro further downwards. I've been bullish on euro on the initial 1.1300 break out when all retail was short. Now I see more retail guys coming in strong buying the eurusd pair. The bears know this and are still...
Look for Kumo to twist belly down. And the DI+ / DI- to squeeze. Room to fall. Potential bottom of shoulder at ~$96.80 As always keep an eye on volume.
Addition to the last idea . Strong resistance levels: $10, $1 000, $100 000 - shows cycles boundaries. Hard to achieve and long validation time. Weak resistance levels: $1, $100, $10 000 - shows middle stage of the trend. Easy to go through, fast validation.
Potential price movement plotted in red and green arrows.
SHORT Based off previous structure (support & resistance), a descending channel, Fibonacci confluences, fundamental analysis and psychological analysis (interpreting what other market participants will do).
Looks like this pair could come down and test a Major Support Level @112.500 (last touched June 14 2017). Not only is this a Major Support Level but it is also a Psychological Level . We also have some Confluence with the 1.414 Extension as well. R:R 1.65 and 2.57
We see Ripple at the end of correction in wave 5 of C after triangle in wave 4 with support arround 0.11. It's also a nice psychological support which could be achieved before the correction is completed.
Psychological Stages of a Bubble Market 1. Stealth Phase 2. Awareness Phase 3. Mania Phase 4. Blow off Phase ---------------------------------- Types of Trends 1. Up Trend => Rectangle => Down Trend 2. Up Trend => Down Trend POLONIEX:BTCUSDT BITSTAMP:BTCUSD KORBIT:BTCKRW
Technical, Money management, Psychology Trading, Patience is the key, Trade Safe, Good Luck,
I can see here strong rejection after attempt to reach 1.0500 level. Monthly candles showing nice pattern for the third time( Bullish engulfing) and closed above support mentioned above. I see also two important formations : 1. GAP from daily chart(different broker) is respected almost perfectly with pin candle 2. Shadow of the candle reached Fibonacci level...
Daily chart is showing big bearish candle after pin candle closed below psychological level. There are two support areas on the chart. These are based on the GAP between daily candles on chart provided by my broker my broker. I placed the stop loss just above the daily bearish candle. I calculated TP based on Fibonacci ratios. I'm also bullish for EURUSD pair...