A little stop loss, and a big way down, that's the kind of ratio we want. Use fib retracements to partial TP. We also have diverging oscillators, we just need a news catalyser to make it drop.
HEY!!! So i did a analysis on the DXY index for next few months and it does not look good for the dollar. Check out this video analysis on the DXY index.
Double bottom formation at key level in the market. Note the strong wick rejection (doji) around the key demand zone, as circled. Price will pull back some and it will take some time for this idea to come to fruition IF it does. I put my stop loss beneath the double bottom for a low risk to reward trade set up. Please see linked idea below to follow from start....
In this screencast, I show how shorting on a 2H time frame is optimal for me to take a controlled loss. I explain where I see the big trends and some smaller trends. Note that this is not a prediction, or recommendation to short. I use a very different methodology which is not 'just on the charts', though at times in simplifying things it may appear like a...
Many have been watching NSDUSD. In this analysis I spot and evaluate where the bearish pressure is coming from. There are opportunities on 1H to 6H time frames, depending on reasonable risk tolerance relative to account size.
Channel Limits Resepected. Usual stop run break out before a major move in the opposite direction. Current Target R 12-90
Support channel holds with better budgetary news coming out of South Africa for at least until the end of March. Price should rally to top of channel: potential swing trade. RSI swinging to the upside indicating bullish uptrend.
Bad news in South Africa (power utility troubles caused the price to rally extremely high). The situation is somewhat normalized as of now but insolvency issues for the power utility company still persist. RSI shows super overbought so expect a drop sometime soon after slightly more uptrend and perhaps sideways. This is still in a strong downtrend on the...
A dark cloud cover has formed on JSE:SBK which is a top reversal signal, so we can expect a downwards move. A dark cloud cover follows a preceding up trend where a red candle opens up above the previous day's green candle and closes 50% below it's body. This particular pattern has formed on quite a strong resistance level which solidifies the signal. We will...
JSE:NPN is looking good for a short on our trend following momentum strategy. Trade with caution as NPN has been very volatile of late.
JSE:TFG has had a lot of downward momentum in the last few days. Looking to catch a bit of the wave with a quick short trade to the long term support level around the 15500 area.
We have entered a long position on JSE:ABG because of a bullish ngulfing pattern tht has formed. Although there is not much history on this instrument, it is also at a support level which solidifies the signal.
JSE:APN has formed a bullish harami on a double bottom which means it should be good for a long position.
There is an almighty squeeze in momentum in the last month after price has contracted into a powerful zone of support. So - the big issue is South or North? There is tension in the air. Everybody know that something is about to happen! When is the big question for everybody. Well, we cannot predict the future. For me it is about a strategy to catch BTC on the...
"On Wednesday the share tested and rebounded off the prior swing lows between 102 and 103.50. This appears to be a range-trading opportunity, with the upside target being the prior highs of 119. " Lester Davids, Trading Desk analyst, Unum Capital. Keep an eye on USDZAR as this will continue to impact South African retailers.
Check out video. It looks like mama bear had too much red bull. hehe.
We have at least 7 hours left in this day candle and I have to give the bull a round of applause for holding up this trend with a lowercase "t" haha. The MAMA Bear is still in effect just taking a break drinking a RED BULL lol. She is about to head south fast really soon. The Bitcoin market is definitely stalling for that date. But currently the second hidden...