NZDCHF SHORTWe have finally broken a supportive area with a very bearish retouch. Now expecting the bearish leg to unfold with a very tight stoploss
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Long AUI believe price will go up, a strong support has held the bullish momentum and will guide it to the trend line above once it re crosses the ema.
SPX analysis? 3 things important things to keep in mindThe Daily tf of the SPX (S&P500) is shown in this chart from May 16, 2018 to Friday close (December 07, 2018). Commentary is provided below in an ascending order based on the numbers marked on the chart:
(1) A break below the bullish trendline that lasted over 2 years has seen price action in the SPX meander between 2 converging lines. Chart pattern that best describes the sideways action after price closed below the trendline is a symmetrical triangle that is tentative. Implications of the triangle include a stalemate between bulls and bears, as well as continuation of the current trend (bearish) upon price breaking out of the triangle.
(2) ~2606.08 and 2540.33 is marks the region of underlying support for the SPX. Price closing below 2540.33 especially indicates more selling/bearish action.
(3) A bearish channel (tentative) is also drawn on the Daily timeframe that should be taken into consideration should price action continue to resolve downwards.
EURJPY [Intraday] Looking to sell rallies 128,60/80looking to sell rallies towards 128,60/80 with 127,60/126,20 and 125 as possible targets
AudUsd - Shorts in Play after Fakeout of 0.7300Worse AU Data alongside broader risk-off sentiment has turned AudUsd 180° and we are now in a decline. We effectively faked out 0.7300/technical resistance and are headed towards 0.7040s.
EUR/USD - SIGNAL - SELL / SHORTMy details:
Sell Stop @ 1.12890
Stop loss @ 1.14350
Target @ 1.11300
R:R = 1:1.09
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The analysis is made based on order flow using Volume Profile + EW
For risk and money management purposes, always determine a max. of 2% risk on every trade.
For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss.
Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market.
This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Trading levels for 11/26/2018Hey traders, i hope you had a great holiday week, we didn't trade on Friday, and Wednesday was kind of a half day for us, anyway going back to the charts i have to say that I don't like to trade the pivotpoints levels after a half day worth of data, therefore i will be looking to breakout trades for tomorrow, however, i do have a nice level in mind if the market makes a rally, and that is around the 6700 area, and what i see there is an ABCD move plus the the 50-61 retracement area plus resistance from previous structure, so, if the market rallies tomorrow i will be looking to take a short around this zone.
Please keep in mind that these are not trading signals, use your own analysis before taking any trades.
PLAN YOUR TRADE AND TRADE YOUR PLAN
K.R.S.
EURAUD [Daily] Buyers below 1,56 & sellers around 1,59Short term bulls may try to find support right below 1,56 and if thats the case rise towards 1,59 will be possible.
So, we are looking for rejection below 1,56 on a smaller TF.
Also, We would like to use eventual rally as selling opportunity.
Will update ( if possible )
AudUsd H1 Support TradeThe targets are indicated on the chart. Green line is h4 carth support line. its very strong.
The pair is in a correctionAt the moment we observe that the price is in a correction and technical indicators are trying to turn around. Although the price is still in the lower Bollinger band, and Stochastic is still in the oversold zone.
We believe that the price will go to the level of 1.14, which is the next resistance level. In case of breaking through this level, the price may move to the level of 1.1440. However, we expect a rebound from these levels and the resumption of the downward movement for the pair. Therefore, we advise you to look for points to enter short positions at the aforementioned levels. Consider your goals at the marks of 1.1330 and 1.1290
GBPUSD 26/11/2018This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.2928 within the next 2 days
EURUSD 26/11/2018This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.1421 within the next 2 days
Short Position EURCADHead and Shoulders has formed, go short when neckline has been tested and not broken.
Any advice, comments or constructive criticism are welcome.
Litecoin price analysis: Important info. to keep in mind.A logarithmic chart on the Daily tf is presented in this Litecoin analysis. Over 11 months of price action is shown which includes price at a high of ~$370.78 (December 19, 2017) to current date.
The simplest way to describe trend since December 19, 2017 is unquestionably a downtrend in Litecoin as it is for most of the cryptocurrency space.
A bearish channel is used in this Litecoin analysis to highlight the current downtrend. $23.52 and $16.16 indicate the price levels anticipated for consolidation in price and/or bullish momentum to likely resume.
Price breaking below the $16.16 implies more selling.
#USDCAD #CAD - Flagging?#USDCAD #CAD looks to be flagging, my route in my opinion that we breakout to the upside. This would take months (as this is a monthly chart). Watch this space. #usd #cad #usdcad #fx
GBPCHF analysis: Live updateSeptember 5, 2018 to current date is presented on the 1 hour chart in this GBPCHF analysis.
1.25670 and 1.25224 indicate support area for the GBPCHF should price action close below the bullish trendline drawn on the hour chart.
The bearish price swing from ~1.29463 includes a falling wedge pattern which ideally is bullish. A close above the pattern at the bullish trendline would provide a bullish bias for the GBPCHF.
Momentum is also highly invaluable.
$USDJPY - Downtrend Broken - Retested - S/R Flip at Yearly PivotUSDJPY Looks primed for a move up.
Major downtrend line has been broken, and retested. This downtrend spanned over 3 years
After the break - we visited the Yearly Pivot level, which led to the retest of the downtrend line, which bounced well.
We then broke through the old high, and the pivot and now have a perfect S/R Flip right at the yearly pivot - with a well established new uptrend line forming.
Mike Pence, the US Vice President has made comments while the market was closed about the possibility of doubling the tariffs on China - i would like to be patient and wait for a pullback to the gold box, but depending on how the market reacts to this news, i may chase this one, as the pivot S/R flip would serve as strong support imo
Target 1: 117.50
Target 2: 119.90
Target 3: 123.74
EURAUDSwing trade setting up well. Targets as well as my stop-loss have been placed on the chart as well.
Enjoy
