USDCHF..... THE MISCHIEVOUS ONEHello Fam,
I'm here again with an update on this pair. I was thinking that this short move will happen earlier but guess what, the market makers showed that they are not ready. Hope you guy didn't short just yet as the market is not even ready based on structure. Anyways, in the chart you can see my outlook of this pair. if the market breaks that zone, I will be going for the kill but we need to see the market change structure.
I will keep you posted when I decide to place my limit order.
Regards,
David
Swing-short
GBPJPY Swing ShortDrew the blue zone from weekly TF and sold from 155.700, took partial profit at 154.800 before GJ went back up and respected the upper trendline. Placed another position around original entry. Hopefully we see a strong move to the downside once 154.800 is broken.
TP1 is 154.450 and TP2 is 153.780 - targeting a total of 325 pips (+ made 70 pips on the position i took partials on).
Storj short swing monthy and weekly reversionWeekly pivot and monthly pivot both developing lower. Of course it could rise prior to their closing time. However they will lmost always revert to that far untested pivot following. One could buy the dip upon testing it or short swing to it with a average cost up in case it rises more leading up to the CLosure. Tarrget would be where the central pivot and/or weekly/monthly L3 comes in after this next weekly and monthly close on their respective levels.
Using camarilla pivots + cpr magnet reversion method. Weekly/monthly levels
storj weekly pivot reversion short swingThat is a deep weekly pivot forming. And those usually always get tested and pull price action right back to them once they are. It could still rise in this last day of price action before the weekly close. However it will just mean retrace from a bit higher. You could manage such a trade with averaging short entry up in increase quantities until the reversion starts. or you can simply use this as indication to be patient and do not fomo into this at the current time.
EUR-AUD Bear Flag Bearish Bias! Sell!
Hello, Traders!
EUR-AUD is trading in a downtrend in a falling channel
And now the pair has retested the resistance confluence
Forming a bear flag pattern
Which leads me to believe a bearish continuation will ensue
After the flag breakout
To at least retest the lows of the flag
Sell!
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🏛CAD_JPY STRONG RESISTANCE REACHED↘️SHORT🔥
☑️CAD_JPY is very bullish right now
But the first major resistance level was reached
And a pullback is expected
As some players will be closing their long positions
And some shorts will be opened as well
Thus, I am bearish as long as the level is not broken
SHORT↘️
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🏛GBP_CAD WILL FALL FROM RESISTANCE↘️ SHORT🔥
☑️GBP_CAD is trading below the resistance confluence
And even thought the pair is very bullish
I am expecting a correction from the level
SO that the pair retests the rising support line
Which is the final target!
SHORT↘️
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Shorting MACY's into the earnings :) I am Shorting MACY's into the earnings via PUTS for mid March. Overall brick and mortar retail has NOT comeback yet and NYC is a ghost town. Macy's is the next JC Penny's, they are not there yet but are due for a pull back. Momentum and Volume have been no where in sight over the last week for this stock and its sitting at a 1 year high.. I am no genius but I would assume that its due for a fall. to $12's maybe even $10's if the market over reacts. I am betting against the trend here so I am taking a less risky approach by shorting via PUT contracts for mid march which will give the earnings a chance to sell off. I am operating under the assumption that because of my above points, that the earnings will be a missed target. I picked up some $16.50 PUT contracts for Mid March.
USD-CAD Breakout Below Support! Will Go Down! Sell!
Hello, Traders!
USD-CAD broke the horizontal support line
And the breakout was conclusive, after which a pullback followed!
I suggest a short with an expectation of the pair to go down
To the nearest horizontal structure!
Sell!
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NZD-CHF Will Fall From RESISTANCE! Sell!
Hello,Traders!
NZD-CHF is trading in a bearish wedge pattern
Below resistance confluence
Which makes me bearish on the pair
And I expect a breakout and move down
With a potential to retest the rising support
But target 2 is good enough as well!
SELL!
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🏛EUR_JPY FIRST UP↗️ THEN DOWN↘️
☑️EUR_JPY is back into the broken rising channel
I think the pair might retest the the channel resistance
But then will fall to retest the the channel support
Or the rise might stop at the previous local high 127.500
And then the the pair will fall from there!
SHORT after Retest!↘️
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AUD-USD Breakout! First Up Then Down! Sell!
Hello, Traders!
AUD-USD broke out of the rising support line
And we are now seeing a pullback
I think this pullback might go even higher
But ultimately I am bearish
And I expect the pair to fall!
SELL!
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🏛EUR_AUD WILL FALL FROM RESISTANCE↘️SHORT🔥
☑️EUR_AUD Is trading in a long term downtrend
And now the pair is retesting the falling channel resistance
I think the pair will go Down after the second retest
Therefore,I suggest a short with 3 targets
S HORT!
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CAD-CHF Channel Breakout, Bear Flag Pattern! Sell!
Hello, Traders!
CAD-CHF broke out of the rising channel inside the big channel
And formed a bear flag pattern below the resistance
So I expect the pair to go DOWN
And fall to retest the flag lows and potentially the larger channel support
SELL!
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🏛NZD_JPY BEAR FLAG PATTERN ↘️SHORT🔥
☑️NZD_JPY is trading in rising opening wedge
Which is bearish in itself
And there is a bear flag pattern formed
Which makes me bearish biased overall
I think the pair will go DOWN
At least we will see a breakout and retest of the rising support
But if the support breaks, which is possible we will see a massive bearish wave
SHORT↘️
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