The currency shows strong confluence of bullish trend reversal from ABCD harmonics pattern along with formation of a nice inverted head and shoulders pattern to supplement the bullish flow. Please note: Tomorrow's Fed announcements might change the probabilities.
The stock shows strong indication for a possible trend reversal to bearish after the fulfillment of the bearish ABCD harmonics pattern. Combining it with formation of a lower high (in accordance with Dow Theory) and a consequent strong bearish candlestick patterns from that price, a good short-sell entry point can be observed.
Taking into account a respected bearish channel along with the formation of a bearish engulfing candlestick pattern, a nice entry point can be recognized for short selling.
Gold shows considerable respect for the bearish trend line drawn on the graph. Supplemented with formation of a new lower high and strong bullish candlestick patterns, strong sell signal is generated.
Disclaimer: I do not give solicitation to buy or short == I cover various stocks which can be profitable based on the stock charts and technical indicators. I try my best to explain as detailed as possible but your feedback is also appreciated Before you enter a trade , one must learn how to master the charts as Stock charts play a big role in deciding when...
Going short on EU after taking out liquidity of the quasimodo pattern at 3.30pm (Central Europe Time) NY Open - Good Luck!
The GBPUSD is a no-brainer to sell currently, the U.K economy is a joke and the FED is pushing hikes which are leading up to another suspected bullish rally on the USD. We are currently working on our plan of attack for this trade. As the price has broken below strong weekly support, in terms of technicals it would make sense for the price to re-test as...
IF Today 07/09/2022, price close above 142.209 Then, My target is 143.987 Note that!
After we break and candle close above this huge falling wedge which is bullish that we have been in for over a year that's the big news on the day so on smaller macro we are in a small rising wedge which is bearish , i know everyone is calling bottoms to there best educated guess but mine is strait technical based on the RSI going back to 2011 every time the rsi...
Price has broken the descending channel and is likely to find resistance on the top of the newly formed ascending channel. We can then look out for the retest on the back side of the descending channel. This is where we can expect to take our swing trades for the LONG.
GU has being rallying down since MAY 2021. It has reach a daily order block, after a bullish BOS on the weekly TF. On the 4H TF structure broke to the downside ( within Jun - Jul), and mitigated ( from Jul - Aug). The second mitigation has taken place on the 1H TF, exhibiting our rules of entry(BOS, 1st Mitigation with LQ grab, 2nd mitigation as trigger entry).
here is my channel for EURUSD for these days...hope to traders to use this at their trades.
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management My team entered Tupperware Brands Corporation $TUP today at $7 per share. Our...
Ascending channel formed on the daily was broken, price action has could not be contained so has broken support zone. Lower lows and lower highs are on the horizon. Be cautious as this pair could be quite volatile. Tight stops and let winners run! Contact me for a copy of my Forex Route for Investors Book Happy Charting!
Ascending channel formed on the 4H, price action has bounced off 618 fib level on the daily and we have seen a clear retest of 104 zone Contact me for a copy of my Forex Route for Investors Book Happy Charting!
We are using options. there are our buy-sell points. We have July $50 calls.
Nas100 created a "W" pattern on the lower timeframe after a major sell off at the bell. PPI came out with a negative so the market sold after a 100 point move to the upside post news report drop. It reversed at the previous NY session low and bought up 142 points to the upside. Based off the previous PPI outcome, I am still holding for a 300 point move to the...
There seems to be an everlasting weakness for the pound as the lacklustre story continues. As for the technical side, we are looking bearish here on the GBP/USD with potential for the next leg to the downside to occur. Overall from a weekly perspective we are looking ahead at 1.1800 being a long term downside target.