I have placed my bias for silver to dropped to the profit level marked with the blue horizontal trend line. I have taken several factors into consideration on this trade such using a higher timeframe and more. RSI indicator is also shows us an extreme overbought on the 4 hour. I think this pair is pulling back a little to possible trend higher than the previous...
Morning traders, Overnight we had the Australian central bank cut interest rates as expected by the market and they also indicated that they were "one and done" for the time being which lead to Aussie dollar rallying overnight to the top of the descending channel highlighted in our tradingview chart. At the same time we have the spike higher meeting an area of...
We have a major support level on $51.40 and $50.50, So price should continue down to test them. Now all we need is the setup: Break of the trend line, retest it as resistance, and then go Short to the support levels
playing with fractal is fun 2 possible outcome short = bearish divergence on the daily long = ttm still long/ higher lows / higher highs im still long from 8200 ish but planning a good short make you fill safer if it hits so you set that long sl in profit and you are in a win win situation but short a bearmarket bull run isnt that easy :)
Head And Shoulders Pattern
Head and shoulders pattern breaks downward on NASDAQ:QQQ , looks like much more coming to the downside (short and long term).
Market didn't succeed in closing above the resistance, so going short again.
After a bull run that lasted 2 months, now may be the time for a correction or a reversal. although I am having conflicting thoughts about this trade. if price goes in my projected direction that would mean a strengthening of the Pound over the Euro which I don't see likely amits this whole Brexit situation. Would be interesting to see how this plays out for the...
FOREXCOM:XAUUSD Looking at gold i do believe we are in an Eliot Wave. So i am looking for an over all buy but might try to catch pips on the pull back which is an opportune time to get in to ride this wave up. Keep in mind i am still learning so in no way, shape, or form am i telling you to enter this trade. This is just my view, I used Fibonacci estimate...
KRAKEN:XRPUSD Let's look at this potential elliot wave count, beginning 5/14/19 thru today 6/1/19. Note the RSI bearishly diverging, setting up sizable corrections. These are some of the signals that catch my eye, prompting me to enter high probability short positions, with tight stop losses. My projected targets: This is NOT financial advice! MY KEYS...
I see EUR JPY dropping to support level at 115.810, be careful for a period of retracement as the RSI is around 24 so we look to sell after a small rise. Join the free telegram group: t.me
Side note, The magnitude of the bounce the US economy has had since the bottom in DEcember has been insane and unprecidented. I've never seen a bottom not get tested and just fly up vertically. Especially with poor GDP estimates and economic outlook data. I was pretty heavily short back in Feb, so that hurt a bit, but all you can do is learn from your mistakes...
ATH is 114. I'm not expecting us to go there. AMD had it's run up already, SPX is looking slow (and like a Head and shoulder on the weekly). I'm better as a bearish trader which sucks in the kind of rally we've had from the bottom, but I've adapted by being more patient and precise with my entries and stop losses. Short entry 112.70 Stoploss 113.15 Take...
although this trade would go against my long term set up on Cad but following the second push price pattern it looks like we well head downwards. Risk: TP.1 - 1,3:1 TP.2 - 2+:1 set up: second push down but I would ideally like to see a break of the trendline.
Got in as the rebound from "A" as the market repeatedly showed signs of inaction to move higher and got confirmed after the candle with the longest wick. 1)Stop loss is above the longest recent wick. 2)Profit target is around January low.
Market ready for a sell in the 1 hour view. Scalp or day trade market to the downside. Pick your entry point wisely. DISCLAIMER; Trading carries risks, ideas are for guideline purposes only. Do set stop losses when trading & be generous with how much room allowed for candle wicks. There is also the possibility to hedge yourself, for more confident traders....
Morning traders, Looking at the setup on Euro versus Japanese Yen which after breaking below support at 123.5 area, and more importantly holding below as per our trading view chart, the pair is opening up a retest of year to date low at 118 area. The break below 123.5 area leaves very little in the way of near term support providing a great risk reward setup...