GBP/USD, GBP/EUR, GBP/JPY, EUR/USD, USD/CNY, DXY
LLOYDS BANKING GROUP PLC ORD 10P, MX OIL PLC ORD 0.01P, VODAFONE GROUP PLC ORD USD0.20 20/21, FRONTERA RESOURCES CORPORATION ORD SHS USD0.00004 (DI), UK OIL & GAS PLC ORD 0.01P, UNION JACK OIL PLC ORD 0.025P
FTSE 100, DAX Index, Euro Stoxx 50, S&P 500, Nasdaq Composite, Nikkei 225
Gold, Silver, Crude Oil, Brent Oil, Natural Gas, Bitcoin
BTC/USD, ETH/USD, BCH/USD, XRP/USD, LTC/USD, ETC/USD
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Gold, Brent Oil, Crude Oil, CFDs on Natural Gas, Palladium, Silver
Bearish Cypher on AUD/JPY
Rectangle forming on Acacia.
As it's a downtrend, expect more downside.
Wait for confirmation of resistance from the upper trend line before the price heads down again.
This is supported by the high RSI level.
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Very strong bullish move on this pair last week and resistance has been met. I believe this pair has run out of steam and a correction is needed hence my personal bias on this pair is short to the shown level for the time being.
EURJPY - possible down move after resistence level reached, sell order placed, with decent risk/reward ratio backed up with RSI Divergence present
DOC has produced a flag pattern. The 10 and 20 MA are providing resistance. The coppock curve has already gone negative. If the stock breaks the 10 and 20 MA I would buy till resistance (top black line). If the stock forms a candle downwards outside the flag pattern I would short till resistance, but if the coppock curve goes below the lowest black line then I ...
EURJPY - shorting on sell limit based on RSI divergence and resistence reached.
GBPJPY - short opportunity based on structure, as strong resistance reached as well as some form of RSI divergence present.
Sell limit placed little bit higher and therefore great risk rewards ratio acquired.
As the price approaches 131.414 the trade will trigger.
RSI Divergence present.
Decent Risk/Reward ratio.
Patience training :)
Opportunity to short.
Market full of buys.
Touch of weekly resistance.
Longer-term daily RSI divergence (slight one).
Potential for second target in the case of stronger move.
-on weekly quite strong resistence almost reached ( order for sell already prepared)
-on daily little bit of a move needed to trigger the trade
-stop based on fibs
-take profit based on structure mixed with fibs
- quite good risk/rewards ratio
Looking for a swing back down to 170 area. Will be looking to add on sells in the red box
The pattern emerging from BTC 0.79% is one of an extended downtrend, but that doesn't mean we can't make money in the process. In fact, some of the most profitable times are made by shorting the market. But when should we short, and why ???
When entering a trade, we should be looking for confluence, that is to say multiple reasons to strengthen our decision ...
-strong resistance almost reached
-RSI too high
-great Risk/Rewards Ratio
- nice time to sell
-price on strong level
-decent risk/rewards ratio
Potential reversal opportunity:
- resistance level reached
-bearish candles started to appear
- RSI divergence occurred
- decent Risk/Reward ratio
- Tendency: Donward
- Broken support weekly !
- SHS -0.74% pattern forming
- Broken neckline and retest
--> Waiting signal --> SELL
- Structrue: Downtrend
- Test neckline after broken !
- Test EMA 50 & 78
head and shoulder pattern forming so sell now, take profit should be around 100 pips