There's only a little chance of breakout up. Please make sure to click Like button if you like my Idea!
- Ichimoku setup is neutral: Price is in a thin cloud, all longer averages ard same level 3000+. This is the equilibrium price. - Heikin-Ashi candle yesterday had a slightly higher low. Could not break back below Kijun Sen and spot Kumo cloud. Today candle and haDelta indicates indecision, and maybe a bullish reversal ahead! - In case Heikin-Ashi gives a firm...
As I showed you yesterday on Twitter, "Machines" don't care about divergences. But smarter Human should. What is stretched is stretched. Market reached daily resistance ard 3100, and 4H has become extremely overbought. Market has to retrace or consolidate a bit. Then we'll see if it finally builds the Head and Shoulders on the daily, or if it goes really...
That's why we have to use trailing stops! Look at this 4H chart and pattern! Obviously Ichimoku setup was bearish, price action showed consolidation with flat/slightly higher lows and lower highs --> absolutely looked like a bear flag. And what happened? Market agressively spiked through the 100WMA into the thick Kumo. Today's price action turns the whole...
- Failed and rejected off the UTL of February low - Price converging in a triangle wedge - RSI is oversold but not diverging to support a strong rebound - Target for 2840 seems possible if it broke out of the wedge
enter long 2951 SL 2943 TP 2999 at 2970 move SL to BE +2
- If previous fractal via the candles and RSI serves right, it may well break above 3020 and trade higher - It remains a strong IF but it looks entirely possible as longer TF will post a strong rebound and bullish candles - With that in mind, the bias is not to short or fade it until a much clearer signal is available - bulls seems adamant to want higher prices...
FX:EUSTX50 bought the 78.6 correction at 2942 tp 3200 sl 2868 r/r 4
Nice Risk/Reward ratio.
Here are two possible scenarios: If the price "respect" the trendline and the support it's a BUY. If it breaks the trendline it's a Sell. Either way we have a nice Risk/Reward ratio! You can follow other indexes (such as DAX and S&P 500) as they are with a strong correlation this days. Please leave your thoughts on the comments!
Hi traders, Price is approaching a nice confluence area with a perfect fibonacci confluence of 50% + 78.6% retracement aligned with the uptrend line. Note also the RSI approaching the oversold area. I will look carefuly this zone and wait for a signal to go long. Happy trading,
Nice opportunity for bearish trend continuation. See chart for full description. Happy trading
As we can see Eurostoxx50 is making a S-H-S on 1 day time frame. This figure will end in same date that Brexit vote (aprox.) also we have the problem of Greece in June