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
Coming into Earnings NVDA is looking increasingly bearish. I believe NVDA will retrace to the .5 and .618 giving a target of 24.06 and 23.09. Cheers and Happy Trading. -Ryanhasoptions
Slightly Late Publication. Traded right into -OB and had good reaction. Expect Price to be Bearish throughout the WEEK. Take Profit Target 1 @ 1.5380 Take Profit Target 2 @ 1.5200 Tage Profit Target 3 @ 1.5100 Watch this space as I will be posting more ideas to support this view and I will also be frequently small short entry opportunities and possible scalp...