Hi, Throwing up another chart from my weekly analysis for any feedback. A double bottom has formed around the 0.64000 level and is rising. IMO if price breaks through the 0.66600 level resistance should occur at 0.68500. I believe this would be a chance for a reversal set up if a bearish candlestick pattern formed. Eg: High test. I would be looking to exit...
USDJPY approaching the bottom of the range. Looking to go long to that 123.60 area. Tight stop below 115.70 .
Lots of short indicators. Would trade at least for the short term if not long. Keep in mind the graph is logarithmic so the gain could be quite substantial even with a quarter of target movement.
A breakout followed by pullback. Add to that, a symmetrical triangle breakout.
Nov 10 2015: BULLISH USDJPY Weekly:Breakout of narrow range consolidation (Analysis Based on weekly chart) Observations 1. For the past couple of weeks this pair has been trading in a narrow range. 2. Last week close broke that narrow range high of 122.01 3. I expect price to at least move higher to the 125.846 highs NOTE: Wait for price action to confirm the...
Nov 9 2015: BEARISH WEEKLY GBPUSD: Price break and close below support (Analysis Based on WEEKLY chart) Observations 1. Price has closed below the weekly support 2. Price respecting the top of the down channel NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
BULLISH USDJPY Weekly:Consolidating in narrow range (Analysis Based on weekly chart) Observations 1. For the past couple of weeks this pair has been trading in a narrow range. NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful. Please hit the LIKE button.
Nov 3 2015: WEEKLY GBPUSD in consolidation (Analysis Based on WEEKLY chart) Observations 1. Price has been consolidating for a couple of weeks 2. RSI close to 50 3. Price may break up or down. Potential targets are shown NOTE: Wait for price action to confirm the importance of this level. If you find this information useful. Please hit the LIKE button.
BEARISH EURUSD WEEKLY (Analysis Based on Weekly charts) Criteria 1. Long term down trend 2.Price recently bounced at support/resistance zone 3. Recent strong bearish price action NOTE: Wait for price action to confirm the importance of these levels. I don't trade from the weekly chart. I use it to evaluate overall market direction. If you find this information...
Taking a quick look at the weekly I have highlighted areas that I believe are offering strong support/resistance that we need to be aware of. Moving down to the daily I have added an additional level to be aware of, which seems to be acting as intraday support/resistance, but is nowhere near as strong as the previously mentioned levels I pointed out on the...
#EURAUD on Weekly chart looks very nicely following zigzag pattern. As the major trend is down, so current move looks to be unfolding corrective Zigzag pattern where wave-A and B are done and wave-C is ideally targetted to be equal in size as wave-A. Good luck !!
Exxon is dealing below the figure 90 and just below the weekly 200 MA. A further breakdown here may offer short opportunities but if price starts dealing above the 200 MA and 90 figure then we will stand aside until a break of the resistance zones.
With bearish AB=CD completion, fibs confluence (see full setup in the blog) and bearish Gartley, $IBB presents a nice short setup. 285$, 275$ are the potential target levels. See the full setup and more in the Weekly Markets Analysis: marketzone.tumblr.com
Possible Sell Zone in $XLE as it approaches the 90$ area. $XLE is lagging behind most of the sectors, mainly because of oil prices and the 90$ sell zone may be a good place to try to exploit this weakness (as long as it continues of course). This setup is part of the Weekly Markets Analysis posted in the blog, check out the complete setup and more.....
This setup is part of the FX Weekly Markets Analysis goo.gl The WMA setup was based on a Fib extensions confluence zone and a possible daily Wedge pattern. My targets are up to 200 pips for this trade but it can be an even bigger move if we will see the confirmation signals I'm looking in this trade. Today's Ourside Bar gives another potential reversal pattern...
With a second consecutive bearish harmonic pattern in $TSLA as it approaches its earnings, how will you trade it? In the Weekly Markets Analysis I'm discussing about this setup, as well as a very similar setup in $QCOM. Read the Weekly Markets Analysis: marketzone.tumblr.com
With markets at ATH and analysts already pumping the Year End Rally, you may want to consider $TWTR as a buying opportunity that may turn out to be your new years gift. Bullish harmonics on a major support zone and a 40$ psychological number - These are the three elements building this setup but if you want to read more, check out the Weekly Markets Analysis I...