POTENTIAL PATTERNS PAIR: EUR/JPY TIME-FRAME: 1HR TRADE: PATTERN SETUPS Good morning traders. Having a look on the EUR/JPY pair 1HR time frame today, we've identified some potential pattern opportunities that we may be able to trade. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star...
Even i have my long position setup on the Dayli, i would like to show you this setup. Price price produces a slanted coil (small one), washes out the stops above and below and finally resumes the main trend. Here we even have a nice support zone (green), where it is super nice to enter. I allways put my stop below the stop running spike, or on bigger scales even...
- Short term triangle - Price target weak - Earning report had nice surprise
- Clear resistance - Support touches along hypotenuse - Two target prices if breakout
- Ascending triangle - 3 touch on resistance - Additional resistance @ gap fill - Down moves have lower-ish ave volume - Consolidation period started with strong volume - Chopping through 13 EMA -- consistent w/ consolidation - Buy @ cross through ~$13.47 resistance w/ price above ema
- Extremely strong resistance/support neckline around ~$.83 - Recovery ascending triangle (pos) after large descending triangle (neg) - Close to psychological $1 level - Energy sector as a whole is ready for upward movement
- clear neckline - consolidation occurring - could be a larger symmetrical pattern if going back farther in time. -- still bullish if this pattern plays out -- it's a continuation pattern.
- 3 touches on neckline - good consolidation within triangle - breakout around ~10.84 If breakout, exit trade on close below 13 ema
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...
Fed will therefore most likely deliver its first rate hike in nearly a decade, yet the following the projections might be dovish. Should this happen, the greenback might weaken further, despite rates going up??
Larry Williams EMAI and PSI set up. Low Volume since buy on Thursday (6/11). No reason on earth to be short below $19.30. Acting as floor. Authorized to send second bullet from last 2 days Plow when NI is Bullish.
• TO GO LONG, WE NEED A RETEST OF THE SUPPORT OFF THAT TREND (AT LEAST TWICE) • WE ALSO NEED RSI DIVERGENCE TO CONFIRM • Rough Estimate – Build long at 0.7180 – 0.7220 with stops at 0.7120 with a target to raise stop to break even at 0.7300 then maximum target at 0.7500
Despite the weakness in USD, gold failed to move back above the 20 dma and as long as price trade below that we will see further weakness going into NFP. Your essential Precious Metal reading, please go to: thebulliontimes.wordpress.com and www.sharpspixley.com
Patiently waiting for either break of the trendline or waiting to retest a high at 800 area before looking to short it. 1) short if break out below the short trendline - targeting new low 2) wait for a test higher to short
Here is my Free Trial Shorting Trading Signals - I only focus on large cap stock which are part of the S&P 500. I will be posting everyday at around 30-120 mins before the market close. Here is my website which I am currently working on for my business so check it out and give me some feedback either through the website or Personal Message on Tradingview. Short...