WB - Long Trade Opportunity with plenty of upside roomWe will want to see confirmation of an activation of one of our buying continuation algos. Will not be entering a trade until I see it activated.
Happy Trading :)
- TraderDaddyOG
Reversalsignal
AAPL - Exactly like we prepared for weeks ago, Look out!I did an analysis video 2 weeks ago (video linked below) explaining why price was going to continue to come down and build liquidity before proving sell-side tapering and then activating a strong buying algorithm to start moving up.
That level I identified was $174-175. Today I'm updating you with a new more tapered algorithm that could be in the cards today if we find support there. Look for a potential wick/reach to orange however if we close above and hold this more tapered white/orange algo, it is an extremely bullish sign and we will look for buying continuation yellow or blue to then activate.
Happy Trading :)
usdjpy is throwing bearish reversal signalsThe dollar has been very strong versus the Yen lately. Price has reached yet another high and i believe its like to retrace bearish. The sellers have stepped in a provided some indecision and buy exhaustion. The blue 8 exponential moving average crossed to the dowside below the 21 simple moving average and price began a minor downtrend. This usually occurs before a breakout and upon a retest of that bearish candle that initiated the downward movement.
I'm awaiting a re-test of $13.868- $144.155 so signal if price would like to continue bullish intraday or retrace bearish and sell for lower lows now.
