Lower
USDJPY BUY opportunityLooking at the USDJPY pair's daily chart in a wide view, the price is in a wide consolidation between 108 and 115 for more than a year. After the price bounced off from the resistance zone in November 2017, there has been a slow decline towards the support zone at 107.30 -108.30.
Today movement has slowed down after today's strong price drop for over 100 pips. There is a high probability that the price will go up again from this area, so we are trying to open a USDJPY BUY order here. If there we will not see stron demand soon, we will exit.
ETHUSD Update Good for Day Traders, others look for lower entry ETHUSD Update Neutral in near term but still bearish whilst trapped under 440
Very interesting price action here: having sold at 468/9 we were waiting to see if ETH could hold up above the lower
parallel...it tried so hard for a few hours but eventually it succumbed...failed breaks: remember the pyschology gone
over in past posts...day traders are out almost immediately an ETH dives to find structure to left, losing the line at 446 like a
hot knife through butter, finding support around the next line of support at 433/target level for bears to close out shorts
with a low at 432 (mid structure here, so far) on the chart. Although day traders have bailed out some have bought back
lower and others, bemused by the price action remain long...the pattern is confusing in the very near term at that
point...bulls say it's cool, spike down, correction done, it's OK so long as 446 holds it up ...those looking at the bigger
picture are not so sure ...we did the right thing to trap in profits close to the highs of the run: and not to get trapped at
the 480 levels even though it was looking fine for a few hours before failing. It was OK to close out shorts at 433 too. But
this pattern is not healthy now. ETH has not finished its rinse out by look of it. More stale bulls need taking out, still,
before this is ready to rock again...it's till under pressure whilst unable climb back above 440 and hold up there...432
must hold now if ETH is to have a chance of stabilising here. Any failure here will tip ETH back into bear territory, forcing
price lower to 418 and likely spiking as low as 410 before rallying back to 432/3. Annd if at any point 410 gives way
by more than 3points look to shoort again on next pull back to 410 fr another decline to 385. Good trades here so long as we
follow what the chart is telling us. Initial resistance at 439-440. Needs to break above here and hold before the bears
will let go, then it should run up to 446-8 again and come off one more time from there.
Good moves for day-traders here but for swingers and those looking to buy this at a good price it looks like we'll get
a better chance from lower down if we wait, and not be tired by waiting, etc.
ETHUSD Grinding Lower - next buy pointsETHUSD Update
Grinding lower again after day traders ahve bought the last
spike lower for the rally back to the upper parallel and then
sold off the line like good day traders are prone to do - and so
we see the price action we do here today.
Swing traders are left with the same options: Buy that break
above the upper parallel, it should be a good one when it
comes (you know the drill by now).
Other than that we have buy orders left at 446-444 range with
stops below 442 if struck. A waiting game. Do not be tired by
waiting.
S$P500 index: Short Position Update, lower stopS&P 500 SPX500 Short Position Update
Lowering stop to 2588.7 on short to 2588.9 (to break even if
this trade goes wrong from here), but still looking for 22-23
points downside to 2578-2576 from 2589 entry point if right.
UKOIL: Brent Crude Lower stops on shortsUKOIL: Brent Crude Still more downside to go but in very near term it's holding up off a parallel. Suggest lowering stops to avoid a whipsaw counter rally - if it does, look to short again from higher up until downside target achieved
AUDJPY 1D OutlookAUD has had a strong breakout of its ascending trendling and is not proceeding to a target area of 83.730, where price may find support and play off it.
AUDJPY - EASY MONEY SHORTIf this pair closes below the trend line tomorrow at 4pm, then I will be taking this pair short for sure. The strength suggests a break lower. This is a pretty simple trade!
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DIS on oversold stochastics and on support trendlineDIS on oversold stochastics and on support trendline. I've started a position of 20 shares after market close. Will be looking to add to position if price drops to 93. Stop-loss will be set at 92. As always, Limit will be set at stochastic oversold levels or top of channel.
EURUSD Analysis Week of July 17, 2016 On the weekly timeframe we see a nice range. Resistance at 1.14500 very nicely. The last candle finished with a wick down signaling strength in bears.
Then looking at the daily chart you see nice LH and LL on a downtrend for more confirmation.
Then looking at the 4H chart lets see where we should look to enter on this trend 1.11000 seems like a reasonable retracement area to look for shorts. Trading safe the TP area should be around 1.08500.
Happy trading everyone!
USDJPY 1H END OF THE TRIANGLE 1 thing for sure both of em gonna be good moves... gut feeling for longs but on the break of support most def gonna ride this one out till 1.618 :)
GBPUSD COUNTER TREND BREAK (1HOUR)As posted in a previous post I am expecting GBP/USD to make new lows with a break of 1.28000. An opportunity is now forming on the hourly to try and hop on the trend a bit earlier with a break of a counter trend line. The 1.3000 level has been rejected 3 times now and a breakout retest continuation of the counter trend line could send us lower. Targets would be at 1.28000 and 1.25750 (account for potential increased margins for targets).
TCT Lower Lo Lower Closed and a bat pattern at 5 Mint TCT Lower Lo Lower Closed and a bat pattern at 5 Mint
finally breack from it's rangethanks to quit bad data coming from the us , spx has finally breack from it's range to give us quit a perfect short . So whatto do now ? looking for some profit taking in the market to give us the opportunity to reenter short on the market . Because now that pa has closed below the ma on the daily we will be lloking for it to to sustain a pull back to confirm a shift of trend to be able to enter for longer term target , wich imo the fundamental back up very much ! So my game plan for the week is to look at pa to give us reason to enter on the 1 and 2 highlight level on the chart !
TCT Trade With Lower Low lower Closed RSI Divergence TCT Trade With Lower Low lower Closed RSI Divergence
GOLD SHORT TERM BEARGold was consistently made higher trough in the shallow trend line. From the dow theory perspectives, the current trend still sideways. Nevertheless, gold now advancing to the lower level, creating new lower trough and the bat pattern of harmonic calculation will be completed. There is no sign of sideways transition reversal, as it formed higher and lower peak, respectively.
#GBPJPY CONTINUES TO SET LOWER HIGHS! SHORT OPPPORTUNITY?As man can see I drew a couple of normal trendlines and annotated all the highs. Will we continue to set a new LH or will we see a breakout? Leave a comment and like if you agree with the idea!
TradetoStart Week 8: USD/CAD longWe will wait for a little pullback to the 1.40 level and buy from there.
This pair is ALL BULLS.
GBPCAD Buy and Sell Set upHigh risk to buy now because it can do one more lower or you just can wait to seeel at the top of the Channel
