Here we have a break from the upward trend channel and a support line at the same time, a good shorting opportunity as it may come down to test the 11.5 Support level
if it success 63 then 79. stoploss: 53620
Main fundamental reasons: -David Davis not up for compromises regarding brexit deal -Signs of North Korea still working on nuclear program + developing submarine capable of shooting ICBM Technical reasons -Fibonacci levels are respected by price action TP1 - 146 TP2 - 145.500
Looks like AUDUSD is trying to break through the closest support level. Also, a lot of rejection on the 4H chart. Check out my twitter post and subscribe for timely analysis: Twitter Page
It looks like we are seeing an uptrend and a downtrend or a correctional wave in the EURO. To determine precisely the targets, we have to wait until the wave A ends its move. But the deal can be done at this point.
Wow, what a week for NEWA. Up over 50% in the last week this stock made major moves when the bulls rushed in to seize up cheap shares of a good company after it's presentation last week at the 2017 Disruptive Growth Conference in NYC. With respect to the 50 day moving average, the stock trades comfortably $8.50-$11 range, and I can see this company selling off...
After strong upward movement we can see price falling from new ath to this moment. The price found support at 5621$ level - we should see bounce to 5900$.
Price is approaching a strong resistance level formed by a previous swing high. Would like to see the band start coming down to meet the candlesticks or for price to spike up, hit the band and then form a signal to get short. Stay frosty!
NZDUSD sell after cosolidation break at 61.8 4H fib
Two good levels to go short CADJPY 91.31 and 90.54 90.54 is a strong support resistance level which has become a strong resistance level. The price has bounced of this level multiple times. I expect to see strong reaction to this level again when the price touches this strong supply zone. Another level is 91.31, strong sell off from that region. I expect to see...
Looking at the daily chart is showing us a bullish rejection candle or a pinbar. It has formed just below a major multi-month resistance area.
USDJPY is now idle on the resistance level which is have been holding price since july. Will this level remain strong enough to pull price down once more? As for me, I'll go long if price closes above 111.10 level and go short if it closes below 110.35 Stop loss for each will be the entry level of the opposite
Looks like what I was expecting is coming true ....
So we have a good Risk Reward here. I think that the resitance is a good level and it will be hard to break the sl.
As you can see, all the info needed is on the chart. The bearish CONV will retrace and from there: (1) hit one of my 3 indicated sell levels, creating a div on the 15 min chart and giving us a sell (2) break the top level (green line) and cancel our trades However, this could be the start of a potential NASDAQ pullback!