The AUDJPY has setup nicely for a pullback entry short into an established bear trend. This must be taken at reduced risk for the reasons mentioned below.
Monthly - Price is trading inside the annual levels of 2017 but has been in a bear trend since the start of 2018.
Weekly - Price is trading below the 200SMA and the 50SMA.
Daily - Price is trading below the...
Last week saw some life injected into UK stocks particularly on NFP Friday. Hiscox LTD was one of those stocks which is now setting up for a potential long entry.
We saw good moves from the very start of last week leading to price on Thursday breaking and closing above long term consolidation which dated back to November of last year. NFP Friday saw price break...
The GBPCAD is starting to look interesting but needs to clear a key resistance cluster if we are to place long trades.
As explained in previous posts such on the EURUSD, we look for a certain criteria to be met across the monthly, weekly and daily timeframes that defines our edge before placing trades. Having and being able to define your edge is essential to...
It was not long ago we were looking for potential shorting opportunities on the USDCAD when price was moving towards the round number support of 1.2000 in February of this year. Price back then very much had a bearish bias to it with price trading below the following levels:
Monthly - Close to breaking below the low of 2017 and the round number 1.2000.
Price action is bearish so I am looking for short opportunities. I saw previous structure so way waiting for price action to pull back there; giving me a R:R of 1:2. I placed stops 10 pips above previous structure as this will tell me my idea is wrong and a potential rotation in trend if it breaks previous structure. I placed targets to the previous structure...
BTCUSD is still moving upwards leading up towards the bitcoin hardfork and reached a new high at 6189 on the 21-Oct-2017.
Next Action : Watch 5000 – 6190 Price Range
Box 1 : 5000 - 6189
Box 2 : 4330 - 5000
Box 3 : 3450 - 4330
Box 4 : 3080 - 3450
Box 5 : 2650 - 3080
In the daily chart, an established upward trend is clearly visible; this trend has consistently held itself above the SMA 200. The prices have developed a pronounced trend over several months, which makes this stock more worth considering for mid- to long-term trades with a duration of several weeks. So far, the current correction has corrected up to about 50% and...
The Patterson-UTI stock has been in an intact downward trend since April of this year, a trend which really picked up the pace in particular towards the end of July. Since the last strong downward movement, the stock of the company has now recovered well and corrected almost one hundred percent. Currently, we can already see the first signs that it could go in the...
Overall the pair is trending up with Daily MA8 above Daily MA21 which gives us trend confirmation. We also have MA200 on 15m chart rejection , combined with short term trend line. Enter with 1:1 RR , but keep in mind for potential new highs.
In the daily chart, we can clearly see a wide correction of the downward trend. This produces a high potential for a short positioning; there is plenty of space until the low at 18 USD. This is why we can and should wait for a signal in the subordinate trend size. In addition, since the SMA 50 has been broken through once again for the first time in months now,...
Since the end of January of this year, a downward trend formed in the stock which, as things progressed, was confirmed over and over again. In addition, the much-observed SMA 200 was exited downwards. Currently, the value is far into the correction of the last downward movement, and it is worth keeping an eye out for short signals.
After a longer sideways phase in the first third of the year, the price kept ricocheting off the SMA 200, until it was finally able to exit the sideways phase downwards. After the subsequent correction, once again back to the SMA 200, there was a renewed sell-off with considerably higher volume. Currently, the stock is in a correction and is slowly becoming...
Silver is continuing to move upwards since 7-Jul. Am expecting resistance around $17.
Resistance zone: $17.00 - $17.14
Major trend : Downwards, with Lower-High's and Lower-Low's
Gold is slow trending higher since Jan-2017 but reached the major downward trend line, so am watching this space at the moment to see if Gold will breakout or continue the downward trend.
Resistance zone: $1260-1295
Let's zoom out and have a look at long-term horizon of the SPX500...
It's still in a upwards move with Higher-High's and Higher-Low's however June closed with a pin-bar.
Could this be the end for the Bulls and are Bears lurking around the corner?!
The 20/50 EMA are not touching at the moment and the June pin-bar closed higher (green) ... I think it's aiming...