I believe this pair still has some room to play until it comes near the shorting area.
#GOLD | We can see some bearish reaction from weekly high + historical resistance level. Next, we would like to see monthly pivot zone (orange) breakout and confirmation below, this would give us an confidence looking for SELL positions. Grab our next free analysis at: telegram.me
Hello Traders, If price pulls up to @1.1367 then we complete a Bat pattern. this presents a shorting opportunity Target 1 @ 1.1191 Target 2 @ 1.1085 SL @ 1.1506 Feel free to follow, like, share and comment. www.instagram.com
This descending triangle is finally coming to a point. I expect a price breakout into a new level, and, will be looking for confirmation of a breakout generally before the 28th. The descending triangle would usually suggest a downwards break. My price projection is probably wrong, but, I would expect to see 3-5% movement into lower levels within the next few days
i think that SPX500 uptrend is in the end and if it breaks the drown trendline i m gonna sell
Last idea on AUDJPY went well, and I believe that more shorting opportunities are going to continue to exist. Playing off the 61.8% region, which also has a strong resistance area is my next choice of entry. However, entering a short right now as well may also provide a good opportunity.
Hello Traders, We have a potential shorting oppotuninity on the AUDUSD. If price can pull into 0.7489 we have a bat pattern completion. This presents a shorting opportunity, following the downtrend In this price area we have previous support that may act as resistance. Futhermore the Bat pattern completion is very close to the 0.7500 psychological level which...
Be careful into earnings with this one. There is plenty of room to drop.
SHORTING @ 1.13960 SL 1.14120 TP @ 1.12230
the yellow line is the RSI,14 of the VWAP of VXX The other two lines are related to: VWAP of VIX futures price minus the VIX spot price . So the volume weighted premium of the near term futures (I think). Green is the long (50 day) moving average of the RSI of the above value. Pink is this: short_ma = sma(((v_rsi - 50) * 1.5) + 50, 30) -- and to be honest I...
One of the critical things to look for as a trader is DISTRIBUTION from the funds. We look at this on the indexes. Any index showing signs of distribution is a clue that potential turn is coming. One day a trend does not make, but if we see a series of lows and higher volume on those lows it is critical to get to the sidelines...or tighten stops. I look for 4...
Drawn S/R on W1 very strong levels, Fib retrace shows 38.2% reversal occuring CCI Dropping. First target 23.6% - Second 0% - Stop on kumo support but will we test it at all? who knows :)
Short Entry @ 191.640 StopLoss @ 192.220 Take Profit @ 189.770 Broken Daily support over bought have had a double top in the past couple days which ran right back into the support turned resistance marked by the pink line. Fundamentally the Yen has gained some strength and it is being shown a little bit across the board. Technically we can see a lot of...
There is pattern of a H&S in the EURUSD. I'll be waiting patiently to see what will happen with the U$ tomorrow. That might be the push to complete the right shoulder. I will take the short if there a bearish candlestick formation nearby 1.13493 (Against all rules about trading the H&S pattern). And this might sound very optimistic, but my limit will be way down...