US 10-year treasury yield - Double top reversalA weekly close below 2.3% would open up downside towards 2.0% (target as per measured height method)
Unitedstates
USDJPY - A little rough, but a short before hitting the long!Although these last few trading days of UJ have been a bit turbulent to say the least (especially for those of us currently short) there is a little light at the end of the tunnel - this is for sure a counter trend trade, so I wouldnt really be looking to short, if I hadnt already jumped in it ;)
We are currently (as of Sunday evening) sitting at the 61.8% retracement from the last lower high to lower low. Assuming we now have a clear rejection from the 114.147 area, full extension has us at 110.362 - for those IN a short now, Id suggest setting TP at previous lows to ensure profit is hit before the turn around... (111.700s) for those that got short earlier this evening at 114.147, I would suggest placing TP at the full extension as you have less risk at that point (trailing your SL a bit)
Once we hit that full extension area, or right below it at the 50% retracement from election jump - I would suggest going long as we will continue bullish at that point as planned. (given that we are in a bullish market on UJ and have no reason to currently believe otherwise.
Happy trading and good luck!
USDCAD Bull VibesConfluence:
-Weekly Support being respected (1.30000)
-Broke A Downtrend Line and retested it
-Previous zone has yet to be retested (1.33000 - 1.3165 on the 1HR Chart)
-Higher high candlestick close after retesting the breakout (1HR Chart)
USO - Adam Smith Moving Average Cross StrategySimple Moving Average strategy for USO - United States Oil Fund. This strategy can be used on stocks and currencies but will need to tweak frequency on chart and backtest Max Draw Down to Net Profit ratios for maximum dollar gains.
26,000 Pip Drop at $1,400Rising wedge highlighted in purple & potential C point of a Cypher. I would sell at the $1,400 level and not wait for the trend line break.
Hopefully it will work its way down to $1,140
Short S&P 500 on structural movesAfter these curves movements we tend to see structural movements at the top. I expect a move down to the support level indicated by the horizontal line.
AUDUSD - ALT Bat with ABCDE Expanding WedgeSelling at 0.74400 which will be point E of the Expanding Wedge and the D point of the ALT Bat.
Even if the wave count is one wave off, E would still be D and fall to around 0.71600 before making E and flying right back up.
No doubt selling at the 0.74400 level.
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TradetoStart Week 8: USD/CAD longWe will wait for a little pullback to the 1.40 level and buy from there.
This pair is ALL BULLS.
ONE TO WATCH - AAPL Bullish BreakoutA very simple and quick analysis of AAPL stock.
As usual there is not much reason to be bearish on AAPL (Apple) stock, with the release of its new products and a game changing new watch, there are no major fundamental signs or technical indications of a fall in price. After the usual post announcement pull-back and consolidation that seems to affect Apple, we seem to be nearing the limits of this symmetrical triangle that has been forming since the days leading up to the announcement back in the beginning of March.
3 bounces on the 50ema have proven it to be acting as dynamic support, matching the bottom trend of the triangle.
The most recent bounce closed as a minor hammer/doji reversal candlestick signalling the end of the recent down trend and most likely a long move for the bullish continuation. Just like we have seen in the past with this stock.
To top it all off we can see there is support at the 122.50 level, most likely a result of the 0.382 Fibonacci retracement zone.
A good entry order for this stock would be 126.5, giving price enough room to breath through the upper trend line and reverse or take the breakout. A great stop-loss here seems a no brainer. 121.50, well below the 50ema and 0.382 retracement and also below the last swing low bounce on to the 50.
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