USD JPY * TECHThis days we must to wait for test S1 & R1 levels.
We can talk more but trand is more Bearish then something...
Short-setup
GBPUSD possible sellTriple confirmation on GBPUSD potential sell
1. Double top formation
2. Strong resistance
3. Trendline
You can wait for trendline break and use Price Action
on lower timeframes to get best entry out of that
Don't forget to trade with proper RM/MM and caution.
Good luck guys
SPY to decline from $235.50 to $232.50, Consider $235 Put optionSPY broke down from an upward channel & seems approaching to channel support from beneath. We think it will be a very good shorting opportunity if it holds below the channel & reverse from there. And to trade that we would consider $235 Puts
$235 Put option
* Trade Criteria *
Date first found- April 11, 2017
Pattern/Why- Upward channel breakdown
Entry Target Criteria- Pullback to $23.50
Exit Target Criteria- $232.50
Stop Loss Criteria- N/A
Option- Short term $235 Put option (Speculative)
Please check back for Trade updates. (Note: Trade update is little delayed here.)
LITECOIN'S ATTACK...After languishing for years, the price of a single litecoin has shot higher in recent weeks as its users have thrown their support behind a software update that would improve the network’s ability to quickly and efficiently process transactions.
On Wednesday, support for a software upgrade called segregated witness—or segwit, for short—was quickly approaching the 75% threshold of processing power needed for it to take effect.
Both bitcoin and ethereum, the two largest cryptocurrencies by market capitalization, have struggled to achieve the consensus needed to implement important software updates. In ethereum’s case, the struggle split the network into two separate coins. And bitcoin nearly experienced the same fate last month.
Investors were paying as much as $12 per litecoin on Wednesday, an increase of more than 20% from the prior day, according to data from CryptoCompare. That is just shy of a more than three-year high reached last week. The bitcoin price BTCUSD on the other hand, was flat at $1,200 a coin.
TECHNICALS POINTS
As we can see at the 60 minutes chart Litecoin has an ascending channel and it has formed a triangle ABC .
We can also see the downtrend line since the previous week.
We are in consolidation phase as range of price is decreasing.
Bollinger Bands width is at the lowest levels and we expect a move because also the triangle ABC needs to break.
In order to find possible targets price we copy the AB side and we created the ED and E'D' straight lines and place them to the possible section of the triangle that more or less we expect to break.
We can notice that if the bullish scenario happens the upper target T1 coincides with the upper trend line of the channel.
If the bearish scenario happens we can see that the target T2 coincides with the strong support level of 8,80$ area.
LONG TRADE SET-UP:
FIRST TARGET T1' AT 13,40$
SECOND TARGET T1 AT 14$
SL AT 10,20$ UNDER SUPPORT LEVEL,CHANNEL LINE,200MA/200EMA
SHORT TRADE SET-UP
FIRST TARGET AT T2 AT 8,80$
SECOND TARGET T2' AT 9,45$
BS AT 12,20$
HAPPY TRADING GUYS!!
CHS - H&S formation Short from $12.96/13.34 to $9.57CHS seems forming a H&S formation in weekly frame and in the daily frame it is breaking down all the MA lines & strong support labels. We think it will decile from here down to $9.50 area.
* Trade Criteria *
Date first found- April 4, 2017
Pattern/Why- H&S formation
Entry Target Criteria- break of $12.96 or bounce to $13.34
Exit Target Criteria- Target 1- $10.14 Target 2- $9.57
Stop Loss Criteria- $14.07
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BOFI - We would consider $25 April-17 puts, Target $22.53BOFI is a possible head & shoulder formation. It seems it has broken the pattern & $22.50 will be its target. To play this we would consider $25 April-17 puts
* Trade Criteria *
Date first found- April 4, 2017
Pattern/Why- H&S formation
Entry Target Criteria- $25 April Puts
Exit Target Criteria- $22.53
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
ROST - Short from $64/$62 to $56ROST looks interesting short setup. It has broken down its recent support & all MA lines. We think it has more downside potential. For perfect entry we are looking for a pullback to $64 or break of Long term support around $62
* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- Support breakdown short
Entry Target Criteria- Break of $62 or Pullback to $64
Exit Target Criteria- $56
Stop Loss Criteria- N/A
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CY - Upward channel breakdown Short from $13.16 to $11.83CY is breaking down an upward channel formation, and showing downward momentum. Moreover it is in the weak semi-conductor sector. It looks a very good short setup & it can decline below $12
* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- Possible momentum trade
Entry Target Criteria- Break of $13.16
Exit Target Criteria- $11.83
Stop Loss Criteria- $13.79
Please check back for Trade updates. (Note: Trade update is little delayed here.)
FRAN - H&S formation short down to $10.17FRAN is forming a potential H&S in weekly frame, and in the daily frame it has broken down key support area. We think it has huge downside potential, and it can go down to $10 area.
* Trade Criteria *
Date first found- April 5, 2017
Pattern/Why- H&S formation in weekly frame
Entry Target Criteria- Break of $13.93 or rally back up to $14.93
Exit Target Criteria- $10.17
Stop Loss Criteria- $15.75
Please check back for Trade updates. (Note: Trade update is little delayed here.)
PII - H&S & Long term pennant formation short down to $47.33PII is a possible downward neckline H&S formation. On the other side it seems breaking down from a long term pennant formation. So in short it can decline to down to $73 but in long term we are looking as low as $47.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
MSM - Short if it break below todays low, down to $83.67Break below today's low. Stop signal 97.84. Target 88.17/83.67
DPZ - Upward channel breakdown short from $175 to $153DPZ is breaking down from an upward channel with huge increase in volume. It seems it has more room to decline.
Please check back for Trade updates. (Note: Trade update is little delayed here.)
SIX - Weekly frame H&S formation Short from $56.56 to $42SIX is forming upward neckline H&S formation. Still like this a lot as short, and we think it can decline all the way down to $42
For a entry we are looking for a break of $56.57 & we would consider $55 Puts, last traded for $1.85
* Trade Criteria *
Date first found- March 23, 2017
Pattern/Why- H&S formation in weekly frame
Entry Target Criteria- Break of $56.57
Exit Target Criteria- $42
Stop Loss Criteria- $60.93
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AUDJPY - Short setupHi everyone,
Simple sell-setup on AUDJPY. I'm not sure how far this will go down, but it will go down.
Trade with care.
SHORT PTC - complex head and shoulders short from $54.3 to $44.1PTC was in our intraday text alert, sent to our subscribers. It seems Breaking down a complex Head & shoulder formation. Moneyflow also diverging & heading sharply to the negative side. We think it can decline as low as $44
* Trade Criteria *
Date First Found- March 23, 2017 (Sent through our intraday text alert)
Pattern/Why- complex head and shoulders
Entry Target Criteria- break below $54.03
Exit Target Criteria- Target 1 $44.13
Stop Loss Criteria- $55.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
You can check detailed analysis on -- in the trading room/ Executive summary link here-
www.youtube.com
Time Span- "
CADJPY - Pullback short setup.Market's been making LHs and LLs for the past weeks and broken a support line. Now I'm looking to short when price makes the pullback to the resistance line.
TLYS - Support breakdown short from $8.68 to $7.23 & lowerTLYS seems getting ready to breakdown its strong support label. It has broken below all the moving averages & if it breaks below $8.68 support label it will be on a free fall zone.
* Trade Criteria *
Date first found- March 16, 2017
Pattern/Why- Support breakdown short
Entry Target Criteria- Break of $8.68
Exit Target Criteria- $7.23 & lower
Stop Loss Criteria- $9.63
Please check back for Trade updates. (Note: Trade update is little delayed here.)
CRM - Double to short setup from $82.46 to $75.13, Jun 85 put CRM is forming a possible Adam & Eve double top formation. Moneyflow is diverging & now sharply heading down.
It also has a lot of insider selling recently. We think it has very good decline potential.
On the option side we would consider June $85.00 Puts, last traded for $5.00
* Trade Criteria *
Date first found- March 20, 2017
Pattern/Why- Adam & Eve double top formation
Entry Target Criteria- Break of $82.46
Exit Target Criteria- $78.33, 2nd - $75.13
Stop Loss Criteria- $84.57
Please check back for Trade updates. (Note: Trade update is little delayed here.)
FNGN - Double top formation short from $40.80 / 39.43 to $31.13FNGN seems forming a long term double top formation. It has previous history of sharp drop & we think it is getting ready for another decline this time. For perfect entry we would look for a pullback or confirmation break.
* Trade Criteria *
Date first found-
Pattern/Why-
Entry Target Criteria- Break of $39.43 or rally back to $40.80
Exit Target Criteria- $31.13
Stop Loss Criteria- $43.13
Please check back for Trade updates. (Note: Trade update is little delayed here.)
BERY - Possible H&S formation short from $48 to $42.88BERY seems forming a head & shoulder formation. A break of $48 will be the breakout confirmation.
We think it can decline down to $43 area.
* Trade Criteria *
Date first found- March 21, 2017
Pattern/Why- Possible head & shoulder formation
Entry Target Criteria- $48
Exit Target Criteria- Target 1 45.13 Target 2 42.88
Stop Loss Criteria- $51.03
Please check back for Trade updates. (Note: Trade update is little delayed here.)
YRCW - Key support breakdown short from $10.90 /10.63 to $8.13YRCW is breaking down some key support. It seems it will decline further.
For a perfect entry for short we would like to it pull back to $10.90 or break below $10.63
