AUDUSD SHORT - Long Term Wait for weekly Bearish Bar with Shadow, then place a trade.
Simple probability set up. Triangle downtrend started in 11/2016 and VNDA has only been through one full harmonic trend (wave) ever since. Second wave downward move imminent with RSI confirmation @ 35 and bearish $13 target. However, aggressive long entry for quick profit ($15 bullish target) especially with upcoming earnings. Upon $15 target, (expected RSI...
EURUSD broke the major trendline in the middle of December. That means we are going further down. If you are not already in the trade, a good possibility is emerging. This is supported by a falling RSI
It looks like the market is at the top of the right shoulder with potential for trend reversal. In August and recently in September the market tested the resistance line from year 2013. The actual trend is already old and we have not seen any big retracement yet. Furthermore, BB% indicates a divergence on 20 and 50 timeframe. The BB are squeezed and big...
Okay let's have a look at what we can see happening. EURGBP stabbed into the bearish orderblock as shown in the chart on the 7th & 8th month. The 9th month (right now) is the logical reaction of the move away from the bearish orderblock. - The formation of the bearish orderblock happened above 0.835 , meaning this will likely be absolute max for the...
Potential Long term view on eur/usd. planning out a bullish gartley pattern. Still has further room to go for the leg C up due to weakness in the US dollar in short term, but after rate hike may drop to the entry D.
Hoping to catch the wave down on this. Long term setup.
GBPCAD. 4H. Harmonic pattern plus fibonnacci retracement. Perfect entry GBPCAD. 4H. Patrón harmónico acompañado de Retroceso hasta 38.2% de Fibonacci de la caída previa.
The bull move since January is still going strong. It seems like they all put their piratepatches on both eyes and are now going with the trend. Also take a look here at the resemblance for the start of this year and the start of 2015. HS formation formed in both cases, ended up fulfilling in the same way. After this followed the volatile way to the top. There...
I can clearly see where this is going. My target for a definite low for Brent will nevertheless be at the area marked in Yellow with a thick Green line The psychic border of entering below 20$ as well as the geopolitical crash that would occur makes me think there is no way we can enter below 20$ Brent
In my opinion it is the most prominent sell for this year. Point noted on Daily Chart, 1. Prices reached at previous resistance, (looking for selling tomorrow) 2. Bearish RSI Divergence 3. Triangle Breakout pattern on weekly and Daily Chart 4. Structure trading - Lower High and Lows Right now, it is at the lowest risk to enter this one. Cheers
I first want to note that this is a speculative idea, I may be seeing what I want to see instead of what is actually on the chart. But, with that said, there appears to similarities between the 2008 chart and the current chart. Additionally, if you hover over the blue ovals - for lack of a better word - on the chart, they should provide some context. Both periods...
SEE ANALYSIS FOR LONG TERM REVIEW - BEARISH SETUP IS PREVAILING - ON BREAK ON MAJOR COUNTER TRENDLINE - CONSIDER LONG TERM SHORTS! - MANY CONFLUENCES ON LONGER TFS AS WELL AS PRICE ACTION ON SHORTER TFS
Apple needs to bounce here, because there really is no support level until the 200 week moving average. Which it get to probably somewhere in the high 80s
Please refer to the description in the analysis for information on this setup. Feel free to comment below for any questions or suggestions regarding my analysis. Thanks MaiTrader