price reached a significant supply zone in the chart. owing to the fact that confluences need to be put in place before execution of such trade. whereas there's a double top formation on the H1 chart.Giving a strong signal to sell
The price is about to hit the resistance level and probably to reverse lower.
Purpose of observation: To continue monitoring & predict the US market crashing time. - Aug 2019: RSI Divergence of AUDJPY indicates a uptrend.
Looking at the candles recently, I would asses that we have hit the bottom and are positioning to move upwards. The downward pressure seems to be failing. If you look at the formation of three consecutive green candles and the level of red resistance we can see a clear strong momentum forming. #XRP XRP is not failing just because some people decide to sell. This...
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Watch out for a 50% re tracement. Wait for price to break out of the downward channel, pull back before further upside to 50% retracement level.
The May 24 expiration 107 calls are under a dime, spread is bit wide and the Mqy 31 expiration 107 calls again spread wide .16 - .20. Im gonna grab 100 shares of the ETF for a short term move and throw stops very tight just under $106
FXE broke the bottom of a wedge pattern. The bottom of the pattern represented a strong support for the stock, but it was broke 2 trading days ago so a downtrend pattern should be expected.
expectation to bounce back after it completion of bearish movement.
Chart is self-explanatory. Watch out for a pullback. If price closes above the top of the pattern it's invalid, but otherwise we have about a 70% success rate for this pattern.
Euro should retest .618% of fibonacci retracement until late November.
Short the Euro here via FXE. The chart of FXE is not exactly the same as /6E, but it is generally tracking it. I'm starting to build an Euro short here. Bought Mar15 '19 111 puts for $2.13 db. Stop and targets are on chart.
Shorting Euro here on weakness and DXY strength. +3 Aug17 110.5/111.5 put spreads for $.43 db/contract. I'll manage these if they're quick winners, otherwise I'll just let them do their thing.