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Sideways

USD/JPY_Daily Chart Update 2017.10.08 For the last 5 months, price is moving sideways within 108.00 - 114.50 level. Last month, price breaks down 108.00 level and previous low a bit, before bouncing back up higher with the confirmation of Bullish Price Divergence. If projected with the recent 2 lows, price may form a Falling Price Channel with the current price is hold around its resistance confluenced with Fibo Ret 78.6%. If price breaks down the nearest Up Trendline, the market bias may initiate the down movement. So far, the market bias is still Up to Neutral.
by arieg1985
EURGBP ShortWith all the not-so-good news about GBP (like the disappointing UK Construction PMI data) already priced in and highly probably rate hike by BOE on Q4 this year, GBP remains bullish. EUR on the other hand may seem bullish in the long-term, but most likely will go sideways or bearish in the short-term because of political risks in Catalona, Spain and weakened support for Germany's Merkel. USD seems to be recovering now too, so more bearish sentiment on EUR in general (also shorting other USD pairs on daily trades but since NFP news is coming this week, shorting EURGBP seems to be a more stable idea here for swing trading). Looking at the weekly chart, it seems highly likely that this pair will undergo either a correction or go sideways. Setting up a sell stop order with TP at S2 pivot line (daily chart), and SL near prior period's S2 (daily chart). www.fxstreet.com www.express.co.uk www.bloomberg.com Daily: Weekly: Confidence: B (because of recent news for both pairs and political risks, but they seem to be all priced in already)
Short
by aiza_belle
GBPUSD - Levels to WatchGBPUSD > 9/24-29/17 Trade Analysis Timeframe: 1W Sideways trending in play with S&R levels between 1.3450 and 1.3587 A firm break above 1.3590 signals good probability of beginning of Uptrend towards 1.3910 A firm break below 1.3445 signals good probability of beginning of Downtrend towards 1.3140 * Personal analysis only. Please use your own rules and strategies prior to entering market. ** Forex trading involves HIGH RISK. Before entering a trade, carefully consider your objectives, financial resources and level of experience.
by ALSM59
1
CVS, waiting for the breakoutThe stock is moving in a sideways parallel channel started at the beginning of 2017. This movement can be a redistribution or an accumulation phase, it depends if it breaks lower or higher. If the price breaks lower the minimum target is around 70 and if it breaks higher the minimum target is around 88. The breakout must be confirmed by very high volume to avoid fakeouts or pullbacks. The informations and the strategies discussed are NOT recommendation to buy, sell or trade any securities. They are strictly for educational and illustrative purposes.
NYSE:CVS
by UnknownUnicorn1249598
Oil - Possible Sideways RangeFollowing an extreme drop from the 53 level and clear demand in the 43-46 area, along with a weakening DX yet likely rate hikes later this year, ongoing oversupply, yet continued promises form OPEC to meet the agreed upon cuts, I just do not see a catalyst midterm for a break up or down form the current range. 45.62-50.37 is a range created in '09, a swap zone created between harsh supply during the economic crisis and demand following the initiation and strengthening of QE in '09. This range has been somewhat of a median range for the past couple of years as longer term supply/demand is being realized. Anyhoo.... I believe the main meat of the coming range will be roughly the .25-.75 levels of this range. This is not a specific trading plan, just a hypothetical scenario for sideways ranging with supply kicking in around 49 and demand around 47, please see the chart for specifics. Upthrusts towards the top of the overall range near 50.4 would not surprise me. If... this comes to fruition and prices see a couple of full swings int the range, 47-49 offer 200 ticks, and 2 full swings in the range would offer 800 ticks. It's possible that none of this plays out but again, I just do not see a catalyst short term for a larger break up or down. If this range plays out, 4-8 weeks would not surprise me. The stagger marks: if playing multiple positions, a portion are held from supply when shorting for the entire range and a portion for staggering are bought and resold at each line if it offers a pullback and vice versa for demand on the way back up. A simpler stagger method would be to just close half positions at the 48 level in either direction or to just pick your best risk/reward in either the supply or demand zone and trade the entire range. Hopefully this made sense, if not, all questions and comments are welcome. I wil add a couple chart over the next few days to show where the original 45.6-50.36 range was created in '09 as well as a Sept-Nov 2015 range that I think prices are ranging in the upper half of (43.85-49.55; I am specifically looking at the 47.04-49.55 portion of that range) Good trading all!
NYMEX:CL1!
by smitheric1970
18
SPY -long ideaTrend is indeed in favor of SPY -now some may suggest that we need to chart Futures but to be honest it won't make a difference in this case. No point of taking a long position until either 235 is re-tested or 237 for a scalp. I'd wait until 235.22 test though. It could also come down all the way to test upper channel line, slim chance but possible. Although I feel like -if it tests 235.22 it might very well trade sideways for a while. Like always trade accordingly.
AMEX:SPYLong
by viktor89
This is really scary. Long dragged out sideways (up to 1 year)Its that time of the year again when we publish bearish outlooks for the coming year. I was fortunate enough, along with a couple groups I belong to, to sorta get out near the top. Sadly for me and many others tho, we "bought the bottom", you can only catch so many knives. Not down now in btc, but down in USD from potential profit. Now on to the good news. Good news is, were done dumping, if ltcusd fractals plays out we will retest this area in a month or less, and continue along sideways a long time. We could go A LITTLE lower but not much. THe bad news, endless sideways. You wanted a bubble you got one, and now its over. I anticipate a long dragged out INSANE alt seasons in the coming weeks and months. Do you remember the year where NMC, PPC and LTC mooned? Do you remember the last 1.5 years where BTC mooned? Do you remember the alt seasons we had the last year?? Now were going to have some serious alt plays coming up, but when and which coins are "almost" anyones guess. Good luck everyone, Ive learned as well, only shill when you already bought the coins! I always appreciate feedback. This fractal might not play out and may be a correction in a longer uptrend, but then again so was ltcusd right? Oops.
BITSTAMP:BTCUSD
by Noobincrypt