WAITING FOR THE RIGHT TIME TO SELL
Good Afternoon! A Bearish Bat pattern has formed after my previous on USD_JPY 30m Wait for a completion and the rsi to get into its overbought zone! Plan accordingly, All the best in your trading! CharlieFX
After the Daily Channel is touched at his resistance line, this could be a nice trade setup. Wait for confirm at the 61.8 for short opportunity
Apple is in a falling wedge (trust me, the lines aren't random and work on multiple time frames), but for the last two days there's been a rising wedge. While there may be a decent rise in the future if/when AAPL breaks up out of the falling wedge, it may reject the wedge and bounce down to 105 in the next two days. It will be important to wait and see if AAPL is...
Despite the huge drop last week, SPY looks poised for a bounce, barring any Fed shenanigans. While there is considerable downside if the current white channel support doesn't hold, I expect a bounce up to fill the gap from Friday, and potentially up to the white downtrend channel median in the beginning of the upcoming week.
Elliot Wave Combined, 5th wave completion @ 61.8 Level If the completion takes effect, then look for a TP @ 0.127 Fib Level Being Conservative HERE! 3:1 / 2.5 Odds of Return.. Will update MACD / STOCH / RSI (7) results, AS of now there is HIDDEN DIVERGENCE and a POSSIBLE retracement to the 236 retracement. Be Wise, and all the best in your trading! CharlieFX
SPY has been in a steep downtrend since it's November 3rd top. This downtrend is within a similarly step uptrend, that is within a slight downtrend originating in late May. While SPY has a gap to fill at 207.63, It has to get above the 200 day moving average, which will be at approximately 206.5 on November 17th. If SPY rejects these levels, it will also be...
SGYP has been in a downwards channel for nearly three months. The price made a potential move to break out, but rejected off the 200 hour MA. On this MA rejection and failure to breakout of the bearish channel a bearish divergence formed on both MACD and RSI. Price targets are listed on the chart. Waiting for a resistance confirmation to enter the short position.
GBPAUD on the Daily View, more confirmation that we have to wait to buy or >Place a Limit sell short
Hi guys! I'm back with another trade here this time on USDCAD, We've come to the decision point here and in the next 24 hours we will see which way this pair will head towards. That's it for tonight! Remember to leave feed back and comments as they are always welcome. Happy trading, Bio.
I've been taking advantage of NZDUSD's strong down trend, but have not opened a position in the last several days. Technically, even though it has had an extended run, my bias is the trend will continue. I attempted to open a short position yesterday, but was too conservative with my Sell Limit order and as a result it wasn't executed. Currently, NZDUSD is...
The monthly chart is clearly showing an uptrend that has reversed from years of decline. The weekly is showing this in much clearer detail. As of now price sits at the resistance area from the rally from the start of the year. Should price consolidate from here and then push higher breaking the thing yellow box, I am expecting a price target of around 2.1300. On...
Comments are much appreciated According to my view, we should be in wave C, but still a strong reversal signal is missing at the moment. Lowest point could be between 115 and 122
price is pulling back into nice structure level which would be a good opportunity to get long. Buyers are clearly defending this level as they dont want price to drop into the area where Canada cut interest rates. I.ll be watching for a buy signal at this level eg bullish hammer or engulfling pattern. My long term target is still at 1.30 but i.ll be targeting...
Stuck in an upward consolidation phase on the H1, will confirm long position above resistance as shown.
I wouldn't like to confuse you with the blue 'fork' as I just draw it there as a good entry with very high RRR, but created gap will tell us more, if this fork will work or simply not. Then the price is near demand level where could be reversal on the secene. Anyway the market still remains in strong selling position so for longs, keep your SLs as tight as possbile. :)