Update on last published chart (see bellow)
Trade ideas are based on my anticipation of an inverse head and shoulders. This should atleast help gaining some orientation for price action and time windows. Make sure to check out my other charts for more information. Feel free to leave comments or questions bellow and upvote this chart if this is usefull to you. Cheers : ]
hey Guys, AUD/USD just had a nice bullish move according to the weak Dollar after Mrs. Yellen had a nice little talk. What do we see? - We are approaching 0.7900000 -> Round Number and Range Trade Area! - RSI overbought conditions - Coming in 1.272 extension of prior moves Targets will go to .0618 Retracement - IF Target 1 is reached, stops of the other 2...
This is a WEEKLY chart of NFLX. Did you realize that Netflix was in a range? You may not have if you didn't step back and look at a Weekly (or longer) chart. It is amazing to me how things seem so much clearer when you step back and look at the big picture. NFLX has been in this range since late 2013. Since then, when the stock comes down to the $320 area, it...
3 SIGNAL FOR UP TREND THA.T IN CHART EXPLAIN WILL
After two harmonics pattern, the $USDJPY is ranging to gain momentum before its next big move. In which direction will it break? The 200 SMA line will act as resistance in any attempt of upside breakout.
Maybe a little labour intensive for some but a safe way to book profit without much risk. Buy and sell in 2 units at support and resistance. Move stops to protect positions. Take one unit profit at either support or resistance. Wait for break out in either direction. Repeat until breakout. Or leave it alone if it looses it's neatness and starts getting...
Can the Cable finally recover from its free fall? The $GBPUSD reached the bottom of a weekly trading range. We have an hourly pattern that may trigger the reversal. See this setup and more in this week's Weekly Markets Analysis newsletter: marketzone.tumblr.com Subscribe so you won't miss a thing!
Hi traders, GBPUSD still in a boring support zone which started on the 8th of January. 1.5200 is resistance and 1.5050 is support. PLEASE; dont buy at the top of this range or sell on the bottom, wait for the break or buy at the bottom or sell at the top so your risk will be smaller. I am long right now from 1.5080, SL right now is at positive at 5085...
There is a marked long trend tendency with similar resistance and support lines. Inside that, we can see how the bullish price is strong and has had a retracement of 61.8%. Both fibonacci are exactly the same, and as we can see, the story seems to repeat. We can also see how both range have exactly the same % with very similar price unit ranges.
DAX potential "smack down" from a 5-day time at mode signal ending on Thursday's close and note that the new 5-breakout-failure where a 5-day consolidation failed to lead to a new buy signal could be a sign of exhaustion up here ... A little drop and a sell signal is triggered (and CCI has crossed under +100 for a 4th time in this rally = typical of a bull market...
As we can see we do have channel on D1/H4. And now we are waiting comformation of bounce of support bottom. There is also chance that we wont get bounce to the upsite also! Major trend is bearish so better safe then sorry. Better to enter little bit more late then to fast. Pro traders are patient, amature are not ;)!!! Normal entry (H1) - Simply wait 123 (=...
Nice, bull candle closed near highs,that resolved wedge with bunch of inside, choppy and noisy candles. Lets see to what it leads, need to hold breakout point at $76.90. As markets recent momentum remains neutral to negative and long-term macro picture in Wal-Mart is neutral it makes probability of this trade lower. I manage probability of trades with tier...
This month's price action in the DXY has been extremely strong. It's hard to appreciate it from this chart, but there has been bull day after bull day recently. Should the financial crisis highs of 2009 be taken out this time, we will have a very interesting setup for a strong multi year move up in the dollar. The coiling price action since 2008 could provide...
I don't see a trade here that I like, but I thought the chart was worth sharing. Aussy melted down swiftly after breaking its old range. Price often doubles the range after a strong breakout. My gut feeling is there is more downside, but I think price needs to coil a bit and store up some more energy to fall more. We'll keep an eye on it for a great trade with...
After the sudden steep decline of the EUR yesterday during the ECB interest rate conference, the EUR seems to have gone into consolidation vs the Yen, Dollar and Pound. Both the Stochastic and the fast EMA are indicating reversal intent but we're going to have to wait and see. Check those breakouts and don't let yourself get caught with a fakeout. For more ideas...
Kiwi is also in a down trend. I am not that comfortable with the divergence drawn on the RSI, but the trend seems to be pretty strong. A break on the upside of this little range could get the price back to the channel's main line, while a break bellow would signal another drop for the NZD. So still short on medium term here, also...
BestBuy has been consolidating since the beginning of July. Earnings are due tomorrow before the opening, and our IV% is at 56%, so I am looking for a play here to collect a credit. Historically looking at BBY we can see usually see a slightly bullish move after earnings (EPS, which is usually beating estimates). Because of this, and being at the top of this...