STOCHASTIC: Indicator is severely overbought as well as the RSI & other oscillator indicators. SCHIFF PITCHFORK: Median line has been well respected in the past and price is struggling to cross this large resistance area. VOLUME: Breakout of the 8200~8400 level was not followed through with volume indicating the lack of buyers in the market. Volume over the last...
Hey guys, if you followed me on my last post you would have known that I was anticipating the weekly Equilibrium to take place and was top phishing short positions from 3900-4200. We are still in this weekly equilibrium and we still have quiet a distance before our recent weekly low of 3,330USD and find ourselves in a 1hr Equilibrium. I am personally keeping the...
People this triangles keeps forming and forming . maybe 4100 or 4200 first to get high lev bears out and then down. again. no signs of this bear market is done yet. My final destination to this is 2800 or 1800 when i will stop trading and start just buying in cash but not longing just in case. If you like this check my instagram and twitter for premiums shitpost...
Hello traders, I bring you here a new trade. Wait for reversal candlestick on resistance before going in.
Right now am looking for the trade shown, however if the price begins to flag up slowly I will potentially take a more aggressive 15M entry -- if this is the case I will update below
Dear reader, I am no expert (in fact I am a researcher in bioimaging), but from my small experience in trading, there are obvious reasons to think that S&P500 and other market indicators are undergoing a bubble pop. Following my previous raw analyses, I provide this detailed update. Market exponentially increased past years, formed a Head & Shoulder (bearish)...
HUN is breaking down an upward channel. Moneyflow declined very sharp & it some some insider selling as well. We think it will decline further & we would consider it as a momentum short from $23.93 * Trade Criteria * Date First Found- May 30, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $23.93 Exit Target Criteria- 1st...
usdcad is on bearish momentum it is slightly making some price action candles, we can look a good bearish move after breakout this intra day trend line.
audusd has been rejected from 2 years old trend line on d1 time frame, how ever we watched bearish avoidance as a pin bars on weekly time frame, so it is time to sold audusd,
There is a very nice bearish pin bar forming on strong descending resistance level on the weekly chart. 1st target is 200 pips down at the first strong resistance level, 2nd target is a further 250 pips down at the next strong area of resistance. Could potentially be a nice swing trade over the coming weeks.
Our bearish setup of last week has been confirmed (check the link to related ideas). What are the next steps with this pair? Check our our full analysis at www.ichimokuforex.com
This looks really nice to short now, at least in the area highlighted red. My orders for short are placed just below that red area. Then on pattern completion I'm buying up, its about 900 pips away from D leg completion so yeah a long way down.