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#Project trade like a pro - Short Ideas IF Price comes up again Hey Guys, DAX always offers some nice zones around numbers. See the marked zones. At the moment with all the fear about Brexit and more and more countrys leaving the EU its a mindgame for all people investing. Very fragile structure at the moment. Brexit gave a huge down gap which was bought immediately. Were making lower Highs... and lower Lows. Fib Extension Confluence tells us even lower targets. 55 MA Cloud moving under 233 MA Cloud At the moment 55 MA Cloud is near 233 And could move right in 255 MA with some Bullish pressure. THIS would trigger a Sell Signal. So watch on lower timeframes - IF we rally UP - Sell the Daily MA Clouds And Check lower Timeframes for more confluence and Entry Points: Thanks :) PS: Sorry for the Gaps in the Chart, i only got PRO ;)
INDEX:DEU40Short
by Fib.The.Gentleman
USDSGD - Selling pressure is still ON!Reason2Enter: Mid Term - USDSGD on selling pressure Since February 16. Overall bias MT is still downwards. However price met strong buying pressure @ 1.3422 that cant seem to penetrate through just yet. Trade idea: Sell when price hit obvious Resistance level @ 1.3700 area, Intraday, 5min, 1hr, 4hr. Stop loss 50 - 100pips depends on your TF. Take profit around 1.3572 for a 2-3R trade. If Price shoot past my SL, look to sell @ 1.3850 area.
Short
by Future6packs
Weak Corrective Pullback Hints at Continued DownsideSince late January, USDCAD has seen a significant counter-trend move to the downside after a sizable bullish run. On it's way down, price briefly found support at the 1.3390 handle (the first blue box) before breaking through it shortly after. After breaking through to the downside, this level got retested twice (the next 2 blue boxes) and met significant selling pressure which had formed a new low. Since then, we have seen a bullish corrective move slowly drifting back toward that major level. This recent strong impulsive bearish move and the lack of any real buying pressure hints at another potential bearish continuation. An ideal place to sell weak corrective moves is the 1.3390 handle. However, given the significance of this level, if volatility increases and this level is broken, this would also be a solid level to buy on retests. And be cautious of spikes in volatility around NFP. If you agree with this analysis, hit the thumbs up. If you want more content like this, follow me. Message me with any questions you have or comment. Happy Trading, Nazar.
by NBent
Impulsive Corrective Series Hints at potential upsideEURUSD has formed a series of impulsive and corrective moves that shows us exactly how much power the bulls currently possess. To clarify, impulsive moves tend to be "strong and fast" while corrective moves tend to be "weak and slow". This directly correlations to the strength of each party's hand. The bulls are in control right now. The push from the bulls are powerful while the pullbacks from the bears only exhibit weakness. Earlier this week we began a corrective move downwards that looks to be drifting toward the established support at 1.106 - 1.108. This is the same level where the first corrective move met heavy buying interest. This level has proven to be reliable in the past and provides an excellent opportunity to get long for the next impulsive leg. P.S. Beware of spikes in volatility around NFP this upcoming week. Like this idea? Hit the thumbs up. Want more simple trading ideas like this? Follow me. Post any questions you have in the comments. Happy Trading, Nazar.
Long
by NBent
5
Bullish reaction off role reversal levelWithin a steady uptrend, price initially struggled to break above the 38.5 level. However, the immense bullish pressure resulted in a breakout to the upside and a brief intraday pullback shortly after. Price preceded to create a new high and has pulled back to that same role reversal level (now support). It has formed a notable reaction hinting at potential upside. Conservative traders can seek to get long at current level and more aggressive traders can look to buy into another dip toward the support level. Like this idea? Hit the thumbs up. Want more simple trading ideas like this? Follow me. Post any questions you have in the comments. Happy trading, Nazar.
FX:USOILLong
by NBent
2
Look to Rejoin Bulls on Corrective Pullback to Major SupportVery easy setup. AUDUSD is currently in a medium term uptrend. Dating back to early March, the 0.7400 - 0.7420 handle initially acted as resistance. Price then broke through and found support at this same level (blue boxes). Since then, price has created 3 new highs off of this support level (orange boxes). Look for another bounce off of the 0.7400 - 0.7420 level in anticipation for further continuation of the bull trend. Like this idea? Hit the thumbs up! And follow me for more simple trading ideas like this. Post any questions you have in the comments. Happy Trading, Nazar.
Long
by NBent
KMI -Kinder Morgan Warren Buffett keeps adding to his bets on the oil industry Berkshire owned about 26.53 million Kinder Morgan shares worth roughly $395.9 million at year end, according to a U.S. Securities and Exchange Commission filing detailing its U.S.-listed stock investments. Kinder Morgan is a company headquartered in downtown Houston, Texas. It is the largest energy infrastructure company in North America. Kinder Morgan owns about 180 terminals that store and handle products such as gasoline, coal, and petroleum coke. Kinder Morgan's CO2 division provides carbon dioxide (CO2) for enhanced oil recovery projects in North America.] In 2014, a third of the natural gas that moved in the United States passed through a Kinder Morgan asset.
NYSE:KMI
by alibalive