EUR/USD Waiting for breakoutThis pair is currently heading upwards, I will keep my eyes on this pair to see if it breaks outside of the channel.
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$STUDY ER's can be deceiving , 200D is always right!Over 10 million shares sold after earning , panic selloff maybe. See What happened the next day , 20 million bought ( may be rumor ) , whoever bought it at that 200D bounce made shit loads of money in a day. Always trust 200D!!!!
Weekend GapSo based on my trading strategy I created, I saw AUDJPY being rejected by the average price and it was in a nice steady downtrend. As it tried to rise, it was not strong enough so I sold thinking it would be small but it was way heavier than expected
Trend line changing roles Here's an example of how trend lines are changing roles as the Price cross above/below them.
In this example we can see several trend lines that once broken (to the upside or to the downside) they change roles from resistance to support and vice versa.
In this chart the focus is on one trend line and how the price reacts to it when it changes its role from support to resistance.
Basic stuff... yet powerful .
Bearish Bat with False Break Last week, USDJPY complete a bearish Bat pattern along with daily Outside Bar pattern and a daily False Break.
My resistance zone that included the bearish harmonics, daily downtrend line, structure and the 50 days MA line held following a small daily false break and it seems like USDJPY is maybe heading towards the support zone near 103-104.
A breakout above 107 will send USDJPY towards 111 to test the next resistance zone.
The daily False Break stopped out many traders from being in this successful reversal zone - If you struggle with setting your stop loss orders, read my blog post here goo.gl
Tomer, The MarketZone
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DJX/DOWI - Trading Setup/Plan (Case Study)Here is my trading setup guys, I do expect it to move down to possibly 181 but I will sell my trade for a loss if it breaks the resistance level shown in the chart.
I will update this idea when there's something to show so be sure to check that out.
DJX Correction to 180 - 70% ProbabilityThere is a high probability this coming week that DJX might shoot up to 180.
70% Probability Bullish Scenario - DJX / DOWICheck out my site for more details, win and loss ratio on the websites case studies are now 6 - 1.
DJX/DOWI New Strategy CalculationThere is a new calculation in my strategy. Check out the full case study on my website the link is in my profile here.
Megaphone pattern KRE bearish money flowConfirm sell signal on daily. short Bank stocks Money flow breach
USDCAD - Pure Action/Reaction ChartFor your study...
P!
Learn Action/Reaction Basics here (free4you): mytradingcoach.teachable.com
DJX/DOWI POP EXPECTEDI am expecting a pop in either direction, if it does pop down I don't think it will stay that way for long. You can check out the full case study on my website.
DJX/DOWI POSSIBLE SHORT TERM MOVEMENTAnother free monthly case study on DJX, support at 178 and the target is 181. You are welcome to check out my site for more details on this case study.
NZD/USD OUTLOOK LONGS FAVORABLE.NZD/USD OUTLOOK. NU finally broke above the 0.68736 level giving us a nice break retest this week. Added a fib retracing to the 78.60% level. Will be watching closely on market open for a pull back to execute a long to D2 extension (61.00%) level witch also is confluent with historical resistance 0.72315. If we do not see a pullback and my trading plan is not fulfilled we will simply stand aside and watch are prediction develop. Please check are Second post on NZD/USD Weekly for further confluences to the upside. Discipline is crucial stick to your plan.
AU - priming for a good short opportunityThis could be a good short opportunity down to 0.764-0.765. And assuming 0.77227 just became our new high (daily, 1hr), then could see that open the gates to fall down further.
Liking this for a short on Monday
Scalp opportunity:
TP1 0.764
Larger swing:
TP1 0.76164
TP2 0.757
TP3 0.74
EU - meh to the bottomRetracement is just a bit above 50% - that's OK in itself (fib is not a perfect science), so below 1.13800 I like this for a short. But there's some minor potential to see a little bit of growth towards 1.15 to burn some shorts before it dumps.
Will see how we go on Monday
If you wanted to be conservative, you could just wait for it to bounce off the bottom of the triangle as part of a support/resistance test, THEN short it - which would make entry around 1.12 on a retrace (pivot points, daily), with TP1 1.08 and TP2 1.05
Otherwise, enter below 1.138, TP1 1.15, TP2 1.10
GU - wait for retraceWaiting for retrace to 1.427-1.42988. Short idea works only so long as this stays below 1.43214.
TP1 1.412, TP2 1.404
Showed this blue line on S&P 500 chart to clients in Jan/FebPeople with long term time horizons were freaking out and wanted to sell. Show this to anyone who says technical analysis isn't real. Simple supply and demand.
[study] Fib 1.618% target in actionSimply documenting this - 1.618 target + retracing to 1, before another 1.618 target - usually don't see it happen this often in a row in a wedge pattern, but its good to see it in action
