USOIL - 4H - LONGI took this trade because of following bullish signals :
- on daily timeframe, we see a clear cross of TDI and catch-up on the PAC (usually follow up by a run up to the high of BB). However, we are way below RSI 50 so this LONG is aiming for the pull back not a reversal.
- on 4H timeframe, we see also a clear cross of TDI and this time very close to break the PAC. As we are also close the RSI 50, I aim for a pull back to the next S/R drawn in red.
Once again, I'm refining my strategy and trading very small lots on all these idea.
SL is a bit below the PAC because a breaking downside of the PAC would mean more bearish action in the near-term.
TDI
EURUSD - D - SHORTSince beginning of week, EUR has shown strong bearish behavior. Is it a correction before coming back up or continuation of monthly downtrend, that is the question...
Daily TF shows a break of TDI but still inside PAC. Also 4H TF have not much room left to the downside, so next candles should be green, hopefully few of them.
Anyway I took this trade with a large SL, in regards to other trades that hit SL.
EURCAD - D - SHORTA long trade in the making, maybe taken too early.
To maximise success, big SL and big TP around previous RS turned support now.
4H PA should see a rise in price but as I don't want to miss such a drop I have taken the trade earlier based on TDI.
However reversal is not yet confirmed, as we stand still above RSI 80 showing crazy bullish potential.
Let's see EOW how it stands.
USDCAD - D - SHORTFirst try to publish one of my ideas, please don't follow my recommandation :)
Based partly on TDI for USDCAD pair on daily timeframe, we have :
- Fast RSI crossing Slow RSI
- Overbought
- Fast correction happening
I aim for a pullback for 7 daily bars maximum with 200 pips max TP.
SL should be above latest green bar.
Entry, SL and TP on chart.
EURJPY - 4H - SHORTAn even more risky trade, I actually don't recommend to take it. However I did it in order to refine my timing entry skill for TDI Strategy.
On my other idea we are "early" on the trade, and on this EURJPY we are potentially late so I will be checking closely every candle to close it or move SL.
TP has been calculated based on previous resistance.
USDJPY - 4H - SHORTAnother try, but in my opinion a more risky one.
Daily TDI shows loss of strenght for bull and 4H candle shows a cross so we can expect short momentum to continue until 112.0X.
It could develop in stronger trade if successfull. In this case I will be monitoring Daily TDI to check global picture.
Entry, SL and TP on chart.
I will update this one every 4H.
Possible completion of Wave 2, setup for Wave 3 LONGIt seems we may have a confirmation of the end of a Wave 2, ready to trade a Wave 3 LONG.
TDI in this instance shows almost oversold position and would correspond directly with the price action and structure.
The Mustard, Ketchup, Mayo and Blueberry EMAs have also all crossed (note Crossing of Ketchup and Blueberry EMAs) suggesting an imminent reversal to go LONG.
Entry on this stock would be on breakout of Structure as shown by the trendline breakout point (in RED).
Caution always advised.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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A LONG opportunity for Wave E completion, then to a Big SHORT !It seems that as some other players in the Lodgement / Hospitality industry, ACCOR is not immune to market sentiment and investor scrutiny... where currently a LONG position with a reasonable entry is a good trade, but only until what seems to be a completion of a triangle wave E, where if my analysis is correct, there should be a massive SHORT opportunity to trade an Impulse a significant way down.
EMAs all show the start of the Upward bullish trend together with TDI suggesting we have already had the Shark fin with blood in the water at Wave D point, which confirms the upward trend.
Hopefully market sentiment will not punish ACCOR too much for lagging behind market expectations and performance. It seems some upper management 'proverbials' need kicking, very hard and very soon, in order for better performance to progress faster, in order to avoid a negative market sentiment which would be expressed in an Impulse wave downward, wiping off significant value from this stock.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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High Probability LONG until top trendline, before massive SHORTBased on the current Daily chart/pattern, there is a possibility to enter a LONG until the top of the channel trendline, before a substantial SHORT to the bottom of the triangle's channel trendline.
IF the bottom trendline is broken, after consolidation and crossing the Blueberry EMA, we should be able to have confirmation of a significant Impulse wave downwards for a full bearish trend, which could confirm hard times ahead for the IHG (Intercontinental Hotels Group).
TDI seems to suggest a LONG is still valid until the overbought position is reached which should then signal a great SHORT entry at least to the bottom of the channel trendline/Blueberry EMA.
Once we reach the Blueberry EMA, price action and structure should provide more information before a decision to exit the trade or continue SHORT for an Impulse.
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DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
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EURUSD squeeze before completing corrective structureThe EURUSD is finding resistance at a number of key levels and has created a wedge pattern. A very old level at 1.120, a Brexit key level at 1.11725 and yearly PP around 1.115 and the 50 day sma. We see a good rejection candle off these levels (see circled area). The TDI is showing a steady increase and all the RSI lines are above the 50% level. The BBands have contracted indicating the squeeze before the breakout. Volume at this level is also increasing showing the intent for the move to come. So this week I will be looking for the break up to complete the larger corrective structure at point E around the 16th of October. However, with the American election coming up we may see a lot more sideways action and only reaching point E around the beginning of November. Well let see what this week holds.
USDJPY Corrective structure setFollowing the Wyckoff analysis previously shown we are in a corrective structure. Waiting for the mark down to continue. I did not post last week but the previous week we were looking for a test of the top of the structure. This has occurred and we are now again moving to the bottom of the structure. We are now coming to the thin end of the wedge and will start looking for a break of the structure some time around the 21st of September.
USDCAD correcting until the end of the year?I am still expecting the USDCAD to correct to the confluence of some significant levels. However, I now think this may take the rest of the year to achieve this. Volumes remain low and will be watching for volume to return at the 50% retrace level of the AB leg of a potential ABCD pattern.
USDCAD retrace is going to take a little longerThe BC leg of the larger ABCD correction is probably going to take some time longer to complete. We saw a correction to the 61.8% level of the up move before we reached the confluence of significant levels around 1.335. This week we could see a continuation of the up move. The 'TDI is showing bullish signs and the down move is not supported by volume.
EURUSD some correction before the final push to point EWe have been following the ABCD patterns the EURUSD has been making for some time (see below). We broke the Brexit key level and trend line formed by the previous down ABCD pattern. The 'TDI is overbought and we can expect some correction back to the previous structure before the final push to point E. Volume is showing increase on the move up and no demand at the bottom of the pullbacks. So will be waiting for a no demand candle at the pullback to previous structure to go long for the final push to E.