Shorting the break of the trendline, targeting previous lows, fundamentally, taking advantage of a risk off situation in global markets.
Once the price touches the trendline, i'll enter LONG.
LONG USD/CHF on the break of this triangle, nice retracement to secure a good entry point
Waiting for the candle to close above trend line. due to enter after the retracement
With fundamentals aligned for a recession in germany and a very slow euro area growth, together with America doing not as bad, every week there is a new opportunity to short the euro, I like this retracement to the 1.09 handle. targeting 1.08.
Looks like decision time may be coming in the days ahead as BTC is getting squeezed and it seems like preparing itself for a huge move, we'll wait for confirmation on the break of this triangle before taking any positions, what do you think can happen??
haven't been long on the pound for over a year, but now that the hard brexit seems off the table, I'm taking this technical setup to jump in long.
This is particularly a good point to short the USD/JPY as you can see it has a great potential gain.
Descending channel being touch alongside with main trend on the daily chart
following the main trend, and alongside macd divergence
shorting the top of the channel, alongside with the diverge of the MACD
Waiting for the current trend to fade.
I'm waiting for the current trend to finish in order to jump in and short it.
Downtrend still in place, waiting for it to end at the last point of the elliot correction to go long.
By the look of this divergence I reckon there is going to be an strong downside move.
Expecting a touch on the downward trend line to open the short Position.