Short-signal
S&P500 BE READY TO SELL
S&P500 currently consolidates around strong level of resistance 2940.
I am focused on 2895 minor structure support level.
If bears break and close below this level,
for me, it will be a signal to short the market.
T1 - 2860
T2 - 2805
*if the market closes above the resistance setup will be invalid.
USOIL SHORT SETUP- ZONE CONFLUENCE WITH FIB ZONE
- DOWNTREND STRUCTURE
- TRENDLINE 3RD TOUCH
IF PRICE IS ABLE TO BOUNCE AND FORM A NEW LOWER LOW ; IT MAY BE STRONG ENOUGH TO BREAK THE LOWER ZONE AND CONTINUE LOWER TO THE NEXT ONE FOR OUR PROFIT TAKING TARGET
COMMENT IF YOU WANT MORE SETUPS SHARE THIS IS 1 OF MANY FROM THIS WEEK
ETH/BTCETH will Pop soon.
Fell to range midpoint and has wicked below several times filling buy orders. Trend looks like it is starting to turn bullish after price fell back to value.
Avg Entry currently 0.0313 (continuing to buy)
Stop loss. I am using a Soft Stop on this one, so I do not get wicked out, but it means I am carrying higher risk on this trade. A smart stop would be the recent low at 0.0298 (finance) or 0.02964 (Bitmex). Will update here if I stop out.
Short term target is 0.0388 or above
Initial Target for breakout of long term range/consolidation (Low Dec 2018, High Jan 2019) is 0.0475
Reasons:
OBV moves have a correlation with Price moves of 1:1 - 1:2 OBV:Price
Initial move off low on great volume and force than we have seen in 18 months. Most recent high at 0.0348 has a high probability of being retested and exceeded:
ETH/USD - very bearishTarget 1: 110
Target 2: 80
Blue triangle indicates the current range.
Red box is sell.
Red lines indicates t/p.
This is a log chart.
This is not financial advice. All charts shown on my page, including this one, are just for fun.
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EUR/NZD 1000 pips tradeEUR/NZD bounced off an important weekly support. It seems that we have great opportunity on our hands to buy that pair and hold it for a couple of months. I will be looking for 1.78 region to take profit (unless something else forms along the way). Also stops should be placed below the support level (don´t forget to leave enough space for price to breathe)