Alot of people have mixed views on the EURUSD right now mainly due to the confusion on the daily chart but both the Monthly and Weekly is clearing showing some potential downward selling pressure exists. For that reason, along with all the stuff going on with Greece and the EU right now, I believe the daily chart is finally lining up to this view on the short...
Again I'm a little late posting this trade because I was abit busy doing other things but I am already in trade few hours ago. The rationale is very similar to my GBPUSD Short play on the daily but this is broken down on the intraday level. I am aware alot of people were either long or bullish biased but I knew the uptrend momentum has already faded as explained...
Attached in the 'related ideas' is the before Pic of my Short play in CADJPY along with the rationale of the play.
Another play that i'm already in. This is a intra-day trade based off the clear downtrend we're in right now. As long as the Green trend line holds, I'm expecting this downtrend to continue with a target of around 96.50
After consolidating for the last couple of months USDCHF has recently broken away from the descending trendline last week which it did re-test and now moving higher (highlighted by the 2 yellow boxes). Should price crack the thing yellow box at around .9500, I'm anticipating price to move to the target area of around 0.9700. The CR levels are also provided above also.
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...
Ever since the start of the year we have seen a bounce back higher for oil ever since the massive drop late last year. That consolidation and the pullback higher can be seen green line being cracked finally in the last couple of days. Because of this and along with all the things going on with the EURO right now, I am anticipating a further push down to a...
Last week: Order didn't go off, no trades were taking on last week chart. No wins, most important no loss ;-) This week: Like this set-up: - Head and shoulders pattern ( after uptrend = reversal ) - right shoulder was formed at 50% fib + zone of resistance + 3rd TL bounce - MA's crossed to the downside - MACD shows bearish divergence Now, we want to...
Plain and simple, Looking to short the DAX below the 9671 support level. Stop loss will be placed at 9820. Larger stop than usual but it will be placed at break even once we get into some nice profit. The green levels are the targets for this short trade. Plenty of them. Im mainly looking for 9500-9484.
Im looking to short gold below the 1178 support level. This will be an attempt to catch price action fall to the 61.8% Fibonacci Retracement level which is at 1164.70. A failure of this Fibonacci Support level to hold will see a drop lower to the 76.4% Fibonacci support level of 1157.83. My stop loss will be placed above 1196. We are currently stuck in a range...