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Shorterm

Don't buy her that silver bracelet! Time to get short! Let's make a case for getting short here with Silver/Dollar on based on the techicals. Like most 60 minute traders, I use a 4 hour high time frame for the support/resistance lines to be drawn. We see a Gartley pattern completion nearing the 14.00 even handle which has acted as previous structure in the past. There's also a 1 to 1 measured move completing in this same area. What more could you ask for? Keep your eyeballs on your preferred Oscillator, because my RSI looks to be heading oversold by the time that price action reaches that same area. As it stands right now, we have a decent combined technical score. AB=CD pattern - 2 points Gartley pattern completion - 3 points Major structure - 2 points Ratio confirmation - 1 point (we have the .382 retrace lining up in the killzone of the larger leg. This is a combined technical score of 8. Not too shabby. BEARISH GARTLEY PATTERN at 14.00 Stops are at 14.090 (the 1.13 Fib inversion of out X to A leg) Target 1 13.913 (the .382 fib of the A to D leg) Target 2 13.855 (the .618 fib of the A to D leg)
FX:XAGUSDShort
by BennyManieri
Nice Risk Reward on U/J Well last night U/J broke below a support zone, and is now retracing , looking to go short at 118.85-.90 with a stop at 76.4% Fib. If 76.4% is broken I will be looking for long opportunities but for now U/J is still a sell for me personally. Profit target at the 161.8% extension zone. Market sentiment supports xxx/JPY shorts with US treasuries dipping below the 2% Yield rate so sentiment has definetely been risk off this week, many factors are to blame for the risk off sentiment, EU QE speculation, US rate hikes, Oil moving lower, Greece, etc. (Yen is a quote on quote safe haven currency) There is also, Japanese fundamentals supporting temporary Yen strength having to do with their year end/new year business cycle, I would go into detail on that but I have not researched it thoroughly enough to go on writing about it. Risk/Reward meets my guidelines at roughly 1:8 . There are US economic data coming out, of medium impact during today's sessions. So just a heads up to keep an eye on that. Happy trading =D
Short
by Daniel.B
1