GBPJPY: How to get on with this bearish trend ?Scenario:1 - If we have valid close above trendline enter long in GBPJPY around 135's & targets around 136's
Scenario-2: It may reverse after touching trendline, so in that case Short GBPJPY Entry @ 135's, Stops - 135.7,Target - 134's or lower down move
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Trendline-breakout
Sell SilverI will be looking for a breakout below the long term trend line coming from the bottom along with the strong support level around 20.00. It is important to wait for a pullback after the breakout in order to get as better risk – reward ratio as possible.
Stop Loss should be placed above the trend line and last high to be created.
Take profit – first part you can cash out near the 20.00 level depending on your entry or slightly lower, final target near the bottom of the channel around 19.20 or so.
SBIN : Simple trendline setup waiting for breakoutHi All,
Its just couple of trendlines drawn over the highs & lows..nothing fancy here. SBIN is ranging for past few days so we are expecting breakout(expansion) soon, so whichever the direction breakout happens enter with proper stops. Being expiry day today it may give false breakout so be stingy about your stops.The same setup is forming in SBIN hourly also..check on higher timeframe...
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Sell USDJPY D1 chart has made a false break of the down trend line and has also formed bearish hidden divergence.
You can either sell now market price protecting 107.00 level at least OR you can wait for the breakout of the range that the price is trading in right now.
Targets as shown in the chart.
SELL PULLBACKS IN AUDUSD AFTER THE TREND LINE BREAKOUTI am yet bearish in the pair and I think best way to join is by waiting for the H4 chart to get broken down and then we can look for pullbacks near the down trend line and resistance zone around 0.7500 to sell the pair.
Technically D1 chart is already under bearish pressure due to the bearish divergence.MACD historgram is showing divergence on the H4 as well so break below the up trend line and most recent low, then correction up and we are ready to go!
EURCHF SHORT OPPORTUNITYWe were in a minor uptrend on the 4h chart before an impulse bearish wave came out.Now i'm looking forward for the break of this trendline to confirm that we're going bearish for some time, and Ill look to sell any corrective structure to the downside. Trade your plan, plan your trade.
USDCAD long opportunity on daily chartUSDCAD on the daily chart is in a downward trend as you can see on the chart. What so interesting about this long opportunity is that price break and close above this daily trend line. Once a break and close above happened now I am looking for the price to retrace to that zone where It break the trend line. Now I can assume that this zone will become a possible support area. It can also make an ABCD pattern completion as seen on the chart and the C to D leg of the move will completes just around that daily resistance level.
Watch the video to understand this setup indepth.
youtu.be
USDCAD Buy With The BreakougPair has broken the H4 trend line and it has created hidden bullish divergence. There is already bullish divergence on the H1 chart as well. Conservative long entry would be to wait for the down trend line to be broken to the upside along with last high at 1.2880. Buying pullbacks afterwards should be a good idea aiming last swing high around 1.3000
Apple Heading Up? AAPL cleared two hurdles today - it closed over both the 200 day moving average as well as a resistance line that has been capping the stock starting in July 2015. We've had a recent false breakout over the 200 day average before (November 3-4 2015) so we will have to give this a couple of days to make sure it's for real. Also, the stock didn't close over the April 4 high of $112.19. Nonetheless, today's advance is particularly interesting since the break over the 200 day average is coupled with a push through that multi-month trendline. Apple reports earnings in less than 2 weeks, which could be decisive in setting the short/medium term direction.
Inverted Head And Shoulders still in playAfter completing the bullish butterfly in February, Tesla made an inverted Head And Shoulders, broke the trendline which lead to butterfly completion, failed to make a new high but went instead to test the trendline break and made a bullish turn.
Target 252.75 still on table.