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Reversalpoint

Securing My Edges with XAUUSD I can't help but notice the huge potential H&S pattern that has been forming on the pair ever since it found resistance at the $1556 handle. Friday's bull trap that saw price ran up to $1518 only to get a quick rejection of that area lets me know that sellers aren't ready to roll over without a fight. The rule of thumb is to wait for the confirmation bear candle after the formation. If we get a bear candle on Monday's trade day we would definitely get the confirmation that $1518 is indeed the reversal point. I have already started to build out a short position at $1,505 and would definitely add another position if I see $1,507-1510. My stop loss is somewhat generous at $1525. On the fundamentals front, the FOMC minutes is due on Wednesday and the market has already priced in a rate cut. The USA/China trade talks are going well so we might hear a more hawkish tone from the Federal Reserves members. If this scenario plays out, we will get the volatility to push the pair down. As always, it is hard to predict what we get on the economic front on a day to day basis which can change the likelihood of the technical set up playing out. Here's My Plan- Short Gold at $1,505.04. Add to position if I see $1507.4 or better. Stop loss is 200 Pips Target 1: $1446 and Target 2: $1335 Be sure to follow me for more set ups. Comment your thoughts below. Share with a friend. Give a thumbs up (LIKE) to show support. Good Luck and Happy Trading!
FX:XAUUSDShort
by TishKunife
ORBEX: EURJPY - Successful Zig-Zag Could Validate ReversalIt looks like the corrective intermediate wave (C) of the corrective bearish Primary wave 5 ended at 115.87. As part of Cycle b, or 2, we can now expect prices to move higher medium and long-term with one of the medium-term upside stops laying at 122.54. The current minute ii correction is likely to end as a zig-zag complex pattern w,x,y with minuette y potentially ending near 116.76, where the 78.6% FR of the minute impulse is. In case it turns up sooner, we should be looking that happening from next week onwards, if not today, Friday. The current structure suggests that once this correction is done with, prices could continue up and end complete the 5-wave minute impulse at the 1.618% FE, where minor 1 is likely to form a corrective pullback pattern. We could look for short-term sells and then a reversal to follow the motive minute wave iii. Invalid below 115.88 Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Short
by Orbex
How to use my FG oscillator in conjunction with DFG oscillatorLooks like BTCUSD still have a little bit further down to go, but is winding up for a next significant pump. DEMO of the use of my FUSIONGAPS (FG) and DIFFERENTIAL FUSIONGAPS (DFG) scripts, with my LIVIDITIUM indicators set. Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;) See also: If you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano ~JuniAiko (=^~^=)v~
BITSTAMP:BTCUSDEducation
by cybernetwork
$SAVE down 22% after earnings, long entry $43-46+Very short term trade, time 1-2 weeks. Closed my $50 Puts at $44, had a great earnings play betting to the downside. I'm going to use those profits to take a bit of a gamble and attempt to play the reversal. Objective: We're near multiple areas of support at $43, $42, $41, and the 1.168 Fib extension. I'm going long calls that have an August 16th expiration $45 strike. If this gets to $41 I'll buy the $42.5 strikes. 22% is overextended to the downside, and this company isn't going out of business anytime soon. I'm confident one of those will make a profit. Targeting $46-47. Subjective: I actually recently was looking at plane tickets (unrelated to this play) and Spirit Airlines has a new membership subscription program where you get perks with a $50 a year membership. Anything subscription based has been profitable across industries, airlines have all been screwing customers across the board (things that used to be free, you have to pay for/more now, because "F you what are you going to do about it"), and this company really loves to cut corners after dealing with their ticket buying system.
NYSE:SAVELong
by teckno05
10
Bottom fishing A bottom might soon be in. We are currently floating around the support level of 102. Accumulation phase would be around 92-102, a break of 92 could mean that we would see level of 65. The delta volume shows decreasing selling pressure, which could suggest that a possible turn around could happen anytime and short sellers might is looking for buying back their shares. The short intrest is at 4,65% of shares outstanding. which will help squeeze the prize out of the downtrend when they are closing their positions. A turn around can be confirmed when price closes above 9EMA/110 with volume and positive delta. This is intended for educational purposes and not a recommendation or trading advice
OMXCOP:AMBU_BLong
by UnknownUnicorn2034381
1