ROST looks interesting short setup. It has broken down its recent support & all MA lines. We think it has more downside potential. For perfect entry we are looking for a pullback to $64 or break of Long term support around $62 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $62 or...
CY is breaking down an upward channel formation, and showing downward momentum. Moreover it is in the weak semi-conductor sector. It looks a very good short setup & it can decline below $12 * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- Possible momentum trade Entry Target Criteria- Break of $13.16 Exit Target Criteria- $11.83 Stop Loss...
FRAN is forming a potential H&S in weekly frame, and in the daily frame it has broken down key support area. We think it has huge downside potential, and it can go down to $10 area. * Trade Criteria * Date first found- April 5, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of $13.93 or rally back up to $14.93 Exit Target...
PII is a possible downward neckline H&S formation. On the other side it seems breaking down from a long term pennant formation. So in short it can decline to down to $73 but in long term we are looking as low as $47.33 Please check back for Trade updates. (Note: Trade update is little delayed here.)
Break below today's low. Stop signal 97.84. Target 88.17/83.67
Break below 19.13, stop signal 82.33. Target 65.31
DPZ is breaking down from an upward channel with huge increase in volume. It seems it has more room to decline. Please check back for Trade updates. (Note: Trade update is little delayed here.)
After the missile launch by Trump the Yen gained strength, however it doesnt seem like it gained enough strength to bring this pair lower. Indicating to me that this UJ pair is probably going to go up. We just have to wait for this line to be broken and retested. If it is broken, we can see price going back to 115.
trendline break on the 4H gbpaud sell setup
Now it is in the support area zone. If higher Low, or bullish candle, i bet half position and if break TL, i will get another half position. If close below support area, will follow.
Price has moved down lately, can it be time for reversal? Before I make my can I want to see price move below last spike. There is potential for that.
EUR/JPY looking like it will break trend and continue within the channel. set traps and wait it out
Another pair on my radar for this week is GBPUSD. As you can see we have broken previous structure and all other signs are also primed towards more downside. At least on the short-term side of things. I will be waiting for price action to reach the 'reaction zone', where we will wait for a reaction. Before I enter the trade I need to see some type of resistance at...
Widerstand scheint zu halten. Resistance seems to be strong enough. Let's go !
SIX is forming upward neckline H&S formation. Still like this a lot as short, and we think it can decline all the way down to $42 For a entry we are looking for a break of $56.57 & we would consider $55 Puts, last traded for $1.85 * Trade Criteria * Date first found- March 23, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of...
Bounce off the previous resistance level - change to support. Post sell off after all time highs.