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NEO-USD Short - Critical Price PointNEO has been building a great base of support, and a myriad of legal/governmental policies around the world--namely, China-- have been driving this currency into the forefront of "next-to-emerge" Cryptos that are traded against the USD and other Fiat currencies. Currently, NEO is sitting right on it's "steep" upper growth channel, but has potential to go either way depending on the Moving Average indicator alignment as well as which channel NEO ends up in (at close on 12/7/17). Summary : 2 sets of indicators showing good predictive capacity--7-day, 3-day, 2-day MA in conjunction with each other often set the tone for many crypto trends, as well as the basic parallel channel movement to indicate breakout up or down. IFF: NEO closes high enough to keep the 2-day MA above the 3-day MA, which also closes in the Blue Channel, then we could see another large jump over the next couple of days (1-2 days, with upside ~$45-47). If: NEO closes in the Blue Channel, but MAs indicate downward trend (i.e. 2-day does not cross 3-day upward), then we will likely progress near the lower limit of the Green Channel for some time with minimal swings in value (~$31-36); however, this scenario still has good upside for a near-future breakout (3-5 days). If: NEO closes in the Green Channel, but near the lower limit of the Blue Channel, we should see a relatively quick bounce-back, but only moderate with respect to the recent major upswings (1-3 days). Furthermore, the following growth must surpass the lower limit of the Blue Channel for this to continue as predicted. If: NEO closes near the lower limit of the Green Channel, we should expect a rapid , growth phase immediately following--though it may not be apparent until later in the second day--as many may panic sell in- or near the Gray Channel. As always, be smart with your Crypto movements, don't short BTC unless you're a maniac (it's kinda fun to be that risky......but I think it's more fun to only make gains), and feel free to ask questions, comment, or share if you agree/disagree! -Jordan
NShort
by jhindman989
short Dxy at 94.66 for a pullback at 94.06Now that we get our 2 target in long i short eh Dxy for the pullback,he is also overbought and i think 94.06 its a good pullback level or we can go more deep to the Up t-line...but i prefer said only 94.06 who match with the resistance that become support enter at 94.66 Target 94.06 so is a go for 60 pts more we go in 2 separete position like all time for can close 1 in profit and let the 2nd in stop +10;+15 for be safe and get profit sure .
TVC:DXYShort
by corsicasia
GBPUSD Hourly, 2618 setup (LONG)Its been a while since I entered with this setup, but this one had a case with historical support and resistance area coinciding with the 2618. A clear double bottom, right at the level. With a break to the upside (break of the "v" point of the double bottom) followed by a 0.618 retracement - and here we already see some reaction. Targetting retest of the previous high followed by a 0.618 retracement of the larger bearish leg - which coincide with 1.286 round number. Stop loss below previous lows
Long
by timmynorin
USDJPY Short - 104 then 94 The USDJPY has changed, having been essentially flat and choppy for the last 12 months it now looks to be taking on a bearish outlook. This can be seen as a combination of the price action, the dropping economic performance as measured in the surprise index and the Trump administrations seeming failure to get anything done. Debt ceiling talks are approaching, tax reform seems like a distant dream and health care is just a mess, eventually this will take a toll and I think now is eventually. If the USDJPY moves from a sideways to a negative stance that has significant impact on my market model, it makes it very difficult for any of the yen pairs to make progress that in turn causes the Indicies to fall (perhaps 10 or 15%) and puts pressure on the European currencies. Of course the depth of the USDJPY drop is debatable, I think with one more upward correction due it is heading to 104 and may break the invalidation level at 94, if it does then I do not know where the bottom lies.
Short
by WaveRidr
EURUSD - Continuing bullish Posted earlier on my telegram - t.me We see a revisit of the previously broken falling trendline / top of bullish pennant. This area also hold fibo confluences and previous structure- and resistance zones. I use this area as a first level to put on another set of buy orders with targets 1.13 and 1.14. We might even see a retest of a previous strong resistance level starting at 1.146. IF we continue down, the next area to put on buy orders for me would be 1.16 and 1.13. Only if we violate 1.11 I see this pair as bearish.
Long
by timmynorin
Break of lower trendline, more downside momentum on DXY likelyThe US dollar index is at a turning point. For close to 6 months, this index has been in a converging symmetrical triangle that was playing out on the daily chart. During that time, many tests of both the upper and the lower bounds of the triangle have happened, but there was never an actual breakout. This has now changed. On Friday, the DXY broke and closed below the lower trendline for the first time. It also broke the 5-month lows and it closed relatively strong to the downside. We need to see what happens next week, but my initial bet is that we might see more downside momentum. This would be in line with multiple setups I have added to my weekly watch list, where I also expect to see the dollar lose some strength. For more potential setups, have a look at my outlook for next week . Find more analysis on smartforexlearning.com and give us a follow: - on Twitter: twitter.com - on Facebook: www.facebook.com - on Google+: plus.google.com
TVC:DXYShort
by UnknownUnicorn553472
USD in some hot water - SELL for now - The USD seems to have suffered some after the tensions in the French elections eased up again. By no means is it over - but for now the market seems content to ease off on the fear/risk factor. The USD has crossed and stayed below the 200 day MA (red line) - so I'll be looking for opportunities to short the dollar for the next bit. That being said, today is a "sit on your hands day" and see how the markets want to react to easing of tensions.
TVC:DXYShort
by ChrisAbdey
EURUSD - Will 61.8 hold?I've been eyeing this opportunity this since last week. Price have failed 5 times (and counting) to break and close below 1.0650 (seen on 4 hour), which also happens to line up more or less exacly with 61.8 fibonacci X-A. We're coming from an oversold condition, momentum seems to be turning around - could this simple setup wield profit? Overall, the break to the upside of the big triangle also gives a hint what this pair wants to do, diving down inside the triangle could be one last dip in the water before heading up.
Long
by timmynorin
2
GBPUSD - This morning's setup - Another train leaving soonIf you are following me on Telegram (t.me) you saw my entry and targets this morning on GBPUSD. We had a double bottom, with several failed attempts to close below 1.2400 - together with heavily oversold conditions and a historically strong support and resistance area. A good case. What I was looking for was a pullback that we could profit from with 2 targets. I entered at Z, target 1 is already hit, profit booked and stop loss moved to break even. My risk to reward is shown on chart. When we also saw that dragonfly doji candle right after my entry, this case was already closed - the pullback was inevitable. However, the train has not completely left yet as we could get another possibility to enter (see X mark). That entry is based on a 2618, if that is a strategy that you use to base your entry. I will not enter again since Im already in, but I wanted to share the idea. Keep in mind, this is currently a bearish train. We're just looking to catch a station before jumping off again.
by timmynorin
11
XAUUSD (4h) Long setup, simple structure trend cont.Simple structure and trend continuation setup. We have previously strong resistance to, hopefully, act as our support in this trend continuation trade. Together with the support, we also have a trendline which should add to the case. ..and we also see the double bottom at the previous resistance level. This pair has been respecting structure and trend thus far, the only signal I needed to enter was the bullish engulfing which is seen on hourly. We're in, target previous highest close. Stop loss below trendline. (Break and close under trendline will invalidate this setup for me.)
FX_IDC:XAUUSD
by timmynorin