Shortsell
Benny Manieri pinpoints reversal area on EURGBPWe see that on the daily time frame, we are in some form of bearish rotation and the trend is down. You'll also noticed a head and shoulder's pattern just formed as well.
We see some neat resistance level around the 79 even handle. Should price reach this level again, an entry reason such as a double top with some divergence would be a strong reason to enter on my hourly trading time frame. Will this level hold price back again? Not sure, but I like it.
This is chambered to be a somewhat decent trade, that actually can be played in classic trend continuation fashion if one were so inclined.
Benny
Short GBPJPY 2 major Gartleys as well as an expanding channel to the downside.
Looking for a retest on the trend line to enter short.
AUD/CAD SHORT, BEARISH TRENDBearish trend started, diminishing RSI, many Fibonacci circle levels broken, next target 1.618 and 2.618.
Green lines represent previous important structure levels. Red line represents support which became resistance. Particularly important point: 0.9568 (red, green, and fib 1.618 cross).
Good luck!
Time to short sell german 30 From April 07 lowest point 9467 until the highest point in April 21 1044 pipps 9.95% increased ! Does the ger30 will continue going up without any big drawdown ? No way ! i wil start short sell this index now so set sell limit around 10450-10500 first target 10240 second target 10160 ! . other scenario if German 30 continue going up and break 10500 resistance. then first target 10650 second target 10860 .. if it hit 11000 OMG i will strong sell this index !! !
SPY FED RATE TRADE PLANTomorrow the FOMC will decide the interest rate value at what we will start with. Expectations are above .50%. If we beat expectations then we will see a large flush in the market. If we surprise it there will be a chance at price bouncing after that gap is filled. Its hard to forecast crucial economic days in our calendar but this is my thought process going into the following trading session.
