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Lowerlows

EUR/GBPThe 2 circles showing are the main lower lows of this bearish trend, you can see the reversal has happened as the pair had seemed overbought. I do believe that the trend will retrace in order to breakdown to a more lower point of the chart. You can see the downtrend has broken the higher lows of the bull market. I believe the next lower low will break beyond the higher low by a small margin. I will be starting at the point of 0.85273, which could be identified as head and shoulders spinning top, this will eventually break which I believe will carry on the downtrend. Opening point: 0.85273
Short
by Exogenous
1
NZDUSD Short TradeThere is a lot going on in this chart that lead me to reason that the price is going to move down. We will start off by saying the 4h chart had been bearish for a little while before making a double top on July 11th. We then see the price make a lower low followed by a lower high. We can also see RSI divergence here and back at the double top. We can also note that a small head and shoulders pattern was made at the 2nd RSI Divergence, which was my confirmation to get into a short position. My stop loss is set 10 pips above the double top, and my take profit is set back at the lower low
Short
by tsendtrades
1
USDJPY ANALYSIS WEEK OF JULY 24, 2016Weekly: Price has hit a major support area at 101.500. It has been a nice test but It will have to retest it sooner or later. Daily: Looking at the daily price is moving on a nice downtrend. Price hit and rejected the 50 MA numerous attempts confirming it has turned into a dynamic resistance. 4 Hour: There can be either of two areas which can bring price down to make a lower low. 106.500 - 107.500 range and/or 109.000 if price decides to move that far for its continuation down. A nice TP should be around 99.500 area. Wishing everyone a good trading week!
Short
by Jnwsk
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!
Short
by Jnwsk
2
EURAUD ANALYSIS WEEK OF JULY 10, 2016On weekly chart you can see there being lower highs made. It is barely making lower lows but its pushing for it. Price hit the trend-line which is also a major support due to history marked in teal color. Looking at the daily it is shown to be a nice down trend making LL and LH. My bias for this week is bearish for the EURAUD. So lets look at the 4H chart to see how we can get in. Marked in teal the ideal point to seek an entry would be around the 1.47780 area. Area for TP should be around the 1.44500 area.
Short
by Jnwsk
GBP/USD - IMPACT OF THE EU REFERENDUMOn the monthly chart above i have posted key points in previous years where the pound has taken a dive against the dollar. August 2008, the recession hits, the value of the pound drops from nearly 2.00000 to 1.35300 in 6 months. August 2012, the economy enters a double-dip recession after two consecutive quarters of contraction in the economy. Now, late June 2016 following the UK's decision to vote to leave the EU we have seen the value of GBP plummet, a 1700 pip loss in one day, reaching lows last seen in 1985. During this time of uncertainty and turmoil it is hard to see the pound recovering any of its value in the near future. I see the UK economy potentially entering another recession after the news of yesterday. Furthermore, due to this assumption, i have projected GBP to fall to the levels of 1.25000 - 1.20000 in the upcoming months. Let me know what you think in the comments below.
Short
by MitchellShoesmith
LOWER VOL, VOLU AND LOWS. HIGHER CORRS AND HIGHS (GOOG BUY @711)Google C-Class shares i am bullish over the 6-12m, hence I am buying any 5-10% pull backs from highs. Goog has been moving sideways but i think it has just started a cycle higher, in which it is about to make a higher low at 715 before moving up again to 750+ 715-750 is a 5% move hence i am interesting in buying at this price with reward skewed something 1.5:1 with risk. Coming into earnings, Goog has to make at least one bull run to highs at 770 and i believe this will be the set up for the run for several reasons: 1. since april earnings lows at 687 goog has moved in an upward trend of 688-722-700-736, the next cycle i approximate to be down to 710-3 (volume traded price) then up to 750+ (previous support turned resistance). Also the Linear regression for the on graph prices is $723, so prices below this are below this cycles average - encouraging mean reversion upwards. 2. Goog volatility correlation is in its negative cycle - the last bull cycle to 768 began with a turn from positive to negative price-volatility correlation change. - Plus goog's volatility is at yearly lows. Low vols is something that imo is vital for any sustained bull run, as logically, more people want to own a stock that has a greater "normalised" return and risk profile. 3. Volume average divergence - google volume is trading below its 6 month average, lower volume characterises goog's bull runs typically. Since it signifies there are fewer structural sellers that are prepared to sell the stock, thus volume drops and the price is bid up until sell side liquidity is increased sufficiently to meet an equilibrium price. 4. *please see last 3 price bars* - these bars have been highlighted as having a "topside range skew". What is inferred by this is that the candle has more activity at the higher prices e.g. the candle traded at its highs and open more than its close and low - thus this is a bullish signal as the open high and close data stayed in the upper percentiles of the candle. - Even the first candle in question (the first bear candle), opened and closed at apprx the median price.. this is unusual. the first bear candle after a strong bullish run, usually shows heavy open-close downside skew e.g. the price opens and then closes close to the lows (rather than in the middle of prices traded) - indicating that time period closed with the price being driven/held at the lowest possibility. If we were to see the opposite e.g. the candles closing on the lows, this would be bearish and indicate the price is wanting to push lower, since there was no difference between the low and close. Fundamentally i am also long google anyway, hence why i liike buying 5-10% pull backs.
NASDAQ:GOOGLong
by QuantumLogicTrading