This is an update to my GBPUSD analysis I talked about last week. GBPUSD has hit top of daily channel with excessive volume(See daily chart). This likely suggests that buyers could have cashed out since price has not moved up for the past 2 days. I see this formation as being weak and I will be looking for short opportunities above 1.3570. What I will look...
Our alert on this pair went off today and presents a nice short opportunity! We always want to first make sure that the position we are taking is not highly correlated with our other positions. Once all of that checks out, we should be good to execute. In this case we have a nice 4 to 1 risk reward setup. We want to set a limit order near resistance and wait for...
eur shorts across and with the double top showing reverse
This is a revised chart from a previous post. NEO -0.97% appears to have bounced off the trend line of a lower uptrend line. Price still within local -1.93% down channel but I believe this past downward movement to simply to be a market correction. This coin has great potential. I predict the price to adopt the less steep and more sustainable trend of the upward...
Hello, everyone! KIWI OANDA:NZDUSD is completing the grand bearish Wolfe wave. As soon as the price shows clear signs of reversal after reaching point V, this can become a very interesting opportunity to go short. Good luck and profitable week!
LOOKING FOR SELL ENTRY WITHIN THE CURRENT CHANNEL, WATCH PRICE ACTION AND IMPORTANT RESISTANCE LEVEL.
CADJPY BROKE THE WEEKLY PIVOT POINT, LOOKING NOW FOR THE COMING RESISTANCE LEVEL TO SHORT WITHIN THE WIDER CHANNEL. TAKING IN CONSIDERATION RSI CURRENT LEVEL MIGHT BE FALSE SIGNAL I Won't TOUCH THIS PAIR AT THIS STAGE. I LIKE TO SEE A SOLID RESPECTED RESISTANCE LEVEL WITH GOOD QUALITY PRICE ACTION TO SHORT IT. GOOD LUCK
The SPX is on the verge of a rally inside of the consolidation mode it has been in since the beginning of June. Reversal signals at the bottom of support is a good sign that things are about the change. Only thing left is to wait and see. An attempt to reach the resistance in the chart below is looking very likely. Don't be surprised it market does go up. The...
GBP has been recovering from short-term drop due to election loom, given the fact that it didnt break the support trend line clearly. *1.29285* would be a good long entry and TP at 1.304. Trade Safe
I keep seeing this pattern time to time and I think is time to keep track of it. It is a triangle in reverse going from small to big. It normal has 3 points at the top. Lets see what happens :)
Based on the current Daily chart/pattern, there is a possibility to enter a LONG until the top of the channel trendline, before a substantial SHORT to the bottom of the triangle's channel trendline. IF the bottom trendline is broken, after consolidation and crossing the Blueberry EMA, we should be able to have confirmation of a significant Impulse wave downwards...
$25 Million to $50 Million Revenue Generating Company??? YES PLEASE!!! i.imgur.com 1. Merger with McCusker which shows $25 Million to $50 Million of REVS on ZOOM INFO 2. No lawsuits, arbitrations, proceedings, pending investigations, outstanding options, warrants, rights, calls, commitments, conversion rights, plans or other agreements of any character providing...
The DAX has been channeling in a 400 pip wide band for the past 2 months. To make matters interesting, the highest high ever of the DAX has already been approached, already bouncing back just 15 pips away from it! So the question arises: will the DAX break through the channel or not? If the DAX REMAINS in the channel (as I am hoping), then the following...
Current environment for USD and in the bottom of a channel, it must bounce reaching 1.9 or something close to that
Little to say other than this is about to explode on a breakout pennant in anticipation of the R/M 8K
SHORT channel opportunity Let money make you money, thats how we get rich! Chances are high, just participate wisely! Smart profits, cheers
0.77 has held up again after a 3-month bull run makes sense to reverse around here, tough resistance that has been tested 4+ times, to Buy at this point IMO we would have to maintain above 0.77500