Summary : Go Short @7960 area
Target Profit 1 @7310 area
Target Profit 2 @6930 area
Stop Loss @8312 area
AS WE CAN SEE Nasdaq Mini Futures is running in a trading range right now, and the dominant trend is still bearish. There's some indication that the price will continue pushed down as there's a small Rising Wedge inside the...
NASDAQ on 2H Chart is showing a good bullish structure with an impulsive breakout candle formation penetrating the last resistance. Still make me choose long position as the best setup. I'll be waiting for a confirmation such as rejection or a Golden Cross on Stochastic Oscillator on 8695 area with 120 ticks tolerance to go long. This setup has a decent Risk To...
GBPJPY is on a pretty heavy corrective movements and has a chance to form a Bearish Gartley harmonic pattern. I will wait a confirmation on entry area to go short. However because it's pretty risky, I am preparing to change the plan and go long if there's an impulsive bullish movement occurred on the entry area (134.50).
Entry: 134.50
TP 1: 133.35 (RR 1:1.9)
TP...
NASDAQ has made a bearish first movement in 2H chart and we can wait for a correction before se make a sell action.
I've drawn support area and expect a secondary reaction will occurred at around 8700. The best option on this situation is sell on strength, wait for the price action confirmation at 9400 (plan A) or at 9150 (plan B) area.
I love the risk reward...
WELL IT'S BEEN HELD by 78.6% retracements on weekly chart. and will likely forming a Rising Wedge chart pattern on H4 chart that has a potential to push the price down.
Sell on strength with price action confirmatory, You can use trailing stop loss after the price reach 1.2711 and let the price run to the ideal target at 1.2565
Hi guys!
It's Thursday and we saw that EUR/USD has an indication to form a double bottom chart pattern.
We can take a speculative setup today and secure profit before NFP bu moving SL to break even point.
Many people would say "hey it's a strong bullish, why you go short"
Well, we can see a double top formation in hourly chart and we can take a speculative sell to hedge our previous long position. At this moment we can see that Nasdaq will likely to form a base so we can take sell on resistance or sell at current price with a longer stop losses.
NINJA ALREADY FORMED a bullish continuation pattern as we can see today there's a descending broadening wedge (DBW). Some people may assume that the DBW is a part of CUP AND HANDLE pattern, nothing wrong about it.
THE SPECULATIVE setup would be around 50% Fibonacci Retracements measured from latest Swing Low to the current High (I assume it gonna form a swing as...
COMPARED TO ANOTHER pair, the range on LOONIE is not really interesting. It's likely form a rectangle pattern and I assume the next move will be down as shown on the weekly chart that the rectangle is formed below EMA's.
The price will likely make a pullback before the price continue drop, even though the range is not really appealing but the movement is pretty...
ON THE DAILY CHART, we can see that has a chance to forming an A-B-C Correction in a descending channel. The current count is assumed by 5-3-3 corrective wave. The support area were assumed with Fibbonacci retracements.
The wave count (up and down) were based on Gann time Projection and could be adjusted if the price movement didn't respect the common time ratio...
STERLING MAKE A MASSIVE MOVEMENT LAST FRIDAY
Not just on GBP/USD, all GBP is going stronger that maybe not many people can expect it (except who used an Elliott Wave Count). The movement is really crazy and it's flying right to the 200 EMA's. Some people knew that 200 EMA's has a function like a dynamic Fibonacci as it be a support resistance levels too.
I...
NASDAQ BULLISH SETUP should be your priority option because the price already broke minor support and have a chance to meet next major resistance from a intraday bullish movement. ON THE DAILY chart we can see NASDAQ is moving in a trading range, and the price is currently nearby the major resistance. The common movement of price action is it will back to nearest...
