GBPJPY a outlook. Many patterns are forming.GBPJPY comes with lots of patterns. 2 gartley patterns could form, while a triangle pattern is also forming. If we can break out of the triangle, then I will be long to the completion of the BLUE gartley pattern. Here I will take my profit.
Then if priceaction comes back at structure, I'll go long until price hits D completion of the RED gartley pattern.
Shall we see a BEARISH break of the triangle, I am short.
This pair has lots of good trades! (If you like harmonics as I do ;D )
Trade with care.
Trades
GBPUSD Shorts continueLooking to continue shorting GBPUSD. In the higher timeframes, we can see the pound consolidating within a channel, making lower and lower highs. I suspect the pound will stay in the channel for a while before breaking out of it (either higher or lower), however my perspective on this pair is still bearish so I will continue to short it
Gold Examples of TradesYou can see the examples of 2 trades which could be opened based on the range setup. We have price reversals from Bollinger Bands confirming by RSI. We have MACD reversals as signals for entry. DMI confirms range market conditions. There are several ways for closing profitable trades. Here is one of the variant: when price touches opposite Bollinger Band and RSI confirms possible price reversal.
EURO vs. DOLLAR VIEW 6-th JULYEuro vs. Dollar projection for this and next week. Brexit volatility calms down, market noise going to normal levels. Our view is based on 65% technical and 35% fundamental. On US open of 6-th July we expecting pair to reach new low over 1.1020. On these levels pair got high probability to change major trend on 1 hour time frame. In the beginning we expect range of 20 pips until Friday. Wish you great trading week.
Double fan indicators set - Welcome to no mans land with SPX500The central prcie sector as forseen on my previous analysis for SPX500 should have netted you guys some serious profits by now.
SO here is my next opinion.....
We will see most likely a newish all time historical price at the top, then a drop down back into no mans land. From there I hope along I'm sure with many other short position CFD traders is that we waterfall ourselves further down....Much further down.....
#ilikeprofits
TSLA Short CircuitDeclining Triangle formation on top. Not very symmetrical but OBV indicates insider activity is a prelude to negative earning announcement. Entry can be at current price levels if there is no bounce prior to earnings. Uncertain a straddle straddle strategy is ideal but only when Implied Volatility is high.
Short EURUSD I am short the EURUSD with a wide stop about the last supply/resistance whatever you want to call it. It didn't hold down out of the little tight range it is in like I had hoped. so the momentum I thought was going to be there, wasn't there.
I entered this position missing a few criteria. So it was not a very successful trade.
Long EURAUD Hedge I am calling this a hedge but it is a test trade because I think the macro trend is going to turn up for maybe a little bit in this pair. but I am not nervous to take it because of my small risk and opposite position short the dollar AUD.
I am taking this trade because it took out supply for the first time since reaching these macro demand levels.
Short AUD position against major trend momentumI am going short against the major trend with half position because I like how price hit a wall against old supply level and began fading back to some used up demand zones. zones that might be easy for sellers to remove if the buyers are all used up. but I am cautious because of the momentum and will jump out if it starts to act like a short term pull back