Resistancerejection
12/06/2017 NASDAQ AnalysisPrice has rebounded in the resistance level.. A double top pattern is starting to appear.
NZD/JPY Corrective Structure (Sell)NZD/JPY overall downside movement. This just looks like corrective structure to the upside. We are in wave B of the ABC structure. Currently in the structure of a bearish flag. Wait for breakout before entering a sell trade. Trade safe traders.
GBP/AUD ABC Pattern Sell TradeHere we are looking at bigger picture on GBP/AUD We can see that this might be a long term sell trade, due to the fact that it recently bounced from a strong resistance point. Furthermore, we are also looking to complete an ABC pattern which would mean that the market would have to go down. Be careful though, it could form a short term long trade as it may retest the resistance it previously bounced from.
11/07/2017 USD/CHF AnalysisPrice has rebounded in resistance marked yesterday. Expect more backtracking, or a new attempt to break.
11/05/2017 S&P500 AnalysisPrice rebounds again in the resistance, after several days in which it tried to break it.
10/05/2017 USD/CHF AnalysisPrice has had strong bullish days, which reached a level of resistance, but a candle of indecision signals a possible bearish rebound in this level.
28/04/2017 S&P500 AnalysisA red candle greater than that observed in previous days, the price is not able to make yet another attempt to break the resistance, a MACD that begins to show weakening. They are signals that can indicate a beginning of laterality in the price or even beginnings of a return towards the marked support.
27/04/2017 DOW JONES Industrials AnalysisThe price was close to reaching marked resistance, taking a break is these last two days, this indicates a possible exhaustion, so we must be prepared for a further decline in price, although we do not rule out the possibility of a new approach to the resistance.
potential AUDUSD short setupaussie/dollar rejecting key level now, possible short trade now or price can go further up to test the (potential) trendline and key level 0.7512
26/04/2017 S&P500 Technical analysisThe price has touched the resistance and bounced on this first candle. Wait for a possible new attempt to achieve resistance. Be aware recoil
USDCADDouble top forming, currently under weekly resistance 1.3513. First target is monthly support at 1.3252, if it breaks it 1.3003 is next target.
23-4-17 NZDCAD potential setup, key level + trendline rejectionNZDCAD rejection a potential trendline on the bigger timeframe, tests it for the second time, market closed with a strong bearish candle on the 15M chart. When we see more bearish momentum showing up we can take it short to 0.9421. Decrease risk because of this strong 0.9454 level between entry and target. If it completes this pattern it's an double top pattern too.
EURAUD short trade idea 23-4-17A beginning downtrend started a few days ago, price broke through and bigger timeframe key level (red line), we see the first retest of the line. The idea is to get a second retest to the line and then break through the countertrend. Target would be the next key level 1.4111.
I will update this idea when price moves
