Reasons For
-Firstly after bouncing of 1.6000(Our key level) we have been very bearish as you can see
-Also we have been putting in Lower Lows and Lower Highs
-We have also cleared our key level at 1.55000 and have been putting in bearish movement
-Now we are trading below 1.5500 the only smart thing to do is to sell as we can clearly see strength to the...
This is a scalp trade
not the best but i chance to catch a quick 50 pips
reasons for
-Price has come to key area of 130.00
-Price has bounced of with two bearish candles
-Price will need to make a move lower before any bullish movement
-A small correction is needed
A few more reasons to but not worth me going into detail :)
Enjoy trade safe
Sell close to the down trend line or alternatively sell with the break of the up trend lines, either the most recent one or the longer term one.
Target 1: 0.7500
Target 2: 0.7450
Stop Loss: Above 0.7720
Spike or false break above the last high together with divergence and we have a sell signal.
For a more conservative entry wait for the trend line break
Target 1: $1100
Target 2: $1090
Stop Loss: Above $1135
Reasons for
- Clearly price is putting in lower lows and lower highs (Clear Downtrend)
- Price broke key level at 120.00 A week back so we maybe heading to next key level ?
- Price has put 3 touch on short term 4 Hour trend line
- Price put in doji the a bearish engulfing and clearly bearish candle then another bull green candle then another gearish engulfing ...
I personally have been short on this pair since December :)
Okay some may see this as a crazy setup but i believe US30 setup will fall to around 7000 in the next year or so
There are many reasons for this setup Fundamentals and technicals
FUNDAMENTALS
- jubilee year ?
- shemitah Year ?
- every 8 years a financial crisis
- FED raising rates to...
Also another sell setup
1. price has come to previous structure and shown a huge bearish candle
2. price put in a bearish engulfing candle
3 price is downtrending
4.previous candle was a doji
on the daily previous candle was a bearish hammer sign of more sellers in the market :)
We can enter a sell trade for the S&P 500 index if it breaks the highlighted triangle pattern and settle below it.
Target 1: 1910
Target 2: 1860
Stop Loss: If it turns out to be a false break and the index closes back above 2040.
Double wave correction up near the TL would give us a great sell setup. Look for bearish divergence to form on the H1 or H4 time frames.
Target 1: 128.40
Target 2: 127.00
Stop Loss: Above the down trend line
Price is currently at 61,8 of the last wave up fibo expansion. It is also sitting on weekly monster resistance.
Sell with the break of the up trend line. If it continues higher look for bearish div to be completed (another MACD histogram peak) + false break of the trend line from the tops
Eur-Aud Sell Opportunity
Day Time Frame Create Pin Bar At 61% Fibbo
Strong Structure Trendline Already Breakout
Create Bearish Bias
Suggest Sell Opportunity On This Pair
So ....
1.we have a strong trend line acting as RES
2.we had a fake break out
3. price has dropeed after the retest of trendline
4.bearish engulfing on previous 4hr candle
5.daily candle is a bearish hammer
