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Trendchange

DOW Squeezing up.. Which way to go next?Dow has been in a long term uptrend and has been squeezing up between trend lines that it has been bouncing up and down. The question is will it continue doing so and if yes for how long as the space is almost squeezed out. The next deciding level for DOW is around 18550 to 18700. That is when it has to decide either to break out, continue consolidation by going low till 18200 again or break down and correct more to other trend line support zones or may be do a bigger correction till 15000.. I would assume the time has come to make up the mind.. Trade with Caution! Happy Trading!!
DJ:DJI
by SirajHudda
1
NZD/JPY Prepare for SHORTEverything on chart :) I follow the rule less is more! Safe and secure entry would be waiting price breakdown trendline + EMA 12 but you might me little to late So i would suggest here little more agressive entry, drawing trendline accurate on H4 and wait that price reach around EMA 200 (please check your charts) and after price BREAKDOWN TRENDLINE + EMA 12 enter short. Have in mind if you dont get nice breakdown do not enter, do not force and wait that candle closes below trendline + ema 12 not just that it breakdown but close, huh i complicated that :D! We have very strong resistance above already listed on chart! Risk reward is extreamly in our favour, maybe this is another 1000 pip or more trade :) Enter : as i said... agressive on H4 trendline breakdown + EMA 12 More safe but waiting longer on DAILY 123 break of TL and EMA 12 Stop loss : above EMA 200 Enter with 3 same lot size positions at once Risk : reward (TP1 = 1:1, TP2 = 1 : 2, TP 3 = 1: trailing) Trailing : Trail both positions to breakeven after TP1 hit (very safe but chance to get stoped out and miss major trend) Trail last position only once TP1 and TP2 is hit (i would pick that! :) ) How to trail? Normal : above EMA 36 Long term safe : above EMA 200 Type of trailing : manual only Best regards A.i
Short
by AcademyInvestment
10
NVDA rest before continuation move downFundamentals: Nvidia Corp posted higher fiscal second-quarter earningsyesterday after market close and gave a forecast for current-quarter revenues that exceeded Wall Street's estimates, sending shares of the graphics chipmaker higher in after-hours trade. The outlook in the PC industry has brightened following news that PC shipments were flat in the June quarter, a better-than-expected result. After struggling to compete against larger chipmakers like Qualcomm in smartphones and tablets, Nvidia has increased its focus on using its Tegra chips to power entertainment and navigation systems in cars made by companies including Volkswagen's Audi, BMW and Tesla. Technicals: From technicals perspective chart looks broken after it found supply zone at $19.50-.75, then broke important levels of support. Now, price is sitting on its 200 EMA forming nice, tight, lower-level range. I will be watching closely on open if buyers have enough power to hold after-hours gains. Hold below $18.23 and drop back below $18.00 will trigger my entry short. I use active trade management system with tiers. I will add below $17.30 and it will open doors to the next potential buying area/target at $16.00-.43. Market: continue to show us wekaness and this lower range become more defining. I expect to see quick move down to $1,895-$1,900 in $S&P500. So, it will keep preassure on weak stocks.
NASDAQ:NVDAShort
by andrew.berg