justatrader

justatrader

1. Hidden bearish divergence on higher high on oscillator and lower high on price 2. Retest to previous known key support/resistance level 3. Partial exit on break to 1.50774 4. Next 4-hour chart to close on a doji or similar candlestick pattern would be ideal in confirming the downside view.

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JPN225 Expecting a correction to 18656/18700 region. Weekly chart shows strong reversal after a doji, daily chart. Watch the minor support at 19380/19265

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High/Low. Past support turns to resistance. EURAUD looking to test 1.455 on break of 1.474, as long as 1.49665 high is not breached.

justatrader Updated 

Continuation from the previous analysis: Weekly Head and Shoulders, price action has been quite choppy for the past two weeks, but patience will definitely pay off on this trade. Obstacle 1: Weekly Break out from the minor price channel Obstacle 2: Break of the neckline (2.08724) The above will clear the way to 2.02135/1.982 eventually and the larger 1.9 if we...

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GBP should be looking weaker in the coming weeks/months with an eventual decline to 1.90 support. Weaker Q3 GDP perhaps + weak inflation. Jobs is the only thing going for the UK right now and BoE's flip flop on interest rates. RR offers a 1:4 set up and a close above 2.16 will put the set up at risk. A higher close above 2.20 will keep GBPAUD to continue trending...

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Prices have fallen sharply and is now trading close to 1122 region of support/resistance. A lot happening here. Firstly, a potential bullish divergence taking shape, with stochs making a lower low and price possibly making a higher lower in comparison. Plotting the median line on the recent PA, prices broke the median line and then bounced higher only to drift...

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1. After drifting within the main falling price channel, Gold took a steep downturn to form another steep but minor price channel 2. Gold broke out from this minor channel and in the process of retesting the break out level formed an inverse H&S pattern which gives minimum measured move to 1161.56 (161.8% Fib) and 1174.93 (final measured tgt). 3. The neckline of...

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Weekly Chart: Ascending triangle formed with a medium term bullish bias on the weekly candlestick pattern H4 Chart: Ascending price channel points to a test of support at 1.13441 which makes for a good entry. Decline below 1.1253 would invalidate the bias. RR is quite good on this set up and expecting the USDX to weaken in the coming weeks ahead of a Fed hike...

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Following up from the previous chart, expecting a pullback to 94.41 which will be a good level to go long on EURUSD. Else, a decline down to 93.77 will be a signal to stay on the sidelines, watch for a bounce off 93.77 for EURUSD shorts in the near term. Watching 93.77 for a possible breach which will see a sharp decline down to 91.54

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Following up from the previous analysis: A bearish close today could signal a shooting star near the resistance level, validating the bear flag and a potential test back to 1867 region for support. Further downside is possible on break below 1867.

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Median line rejection of the rising Andrews Pitchfork Strong support seen at 93.77, confluence of the lower median line as well.

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Major trend line broken with price action consolidating into a bear flag. Support at 1807 level, which has been tested quite a few times. Below 1807, next main support at 1741, with a minor support at 1800 round number.

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Trying to simplify trading and keeping it clean. 1. Price was trending lower in a falling equidistant channel. Support/Resistance identified at 0.7239 - 0.7175 2. To current lows, strong divergence to the AO 3. Y'day price was a doji so a possible bullish close today could further strengthen the bullish bias --------------------- Trigger: Waiting for the AO to...

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The previous trade reached take profit at 188.2. Looking for a second long position on a retest of 187.25, targeting 189.5 with stops at 186.25

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This is the initial set up with the levels. I'm taking a short with a small (feeler) position as of now at 1.2675 and would go in hard on a retest to 1.2675 for resistance. 1.24 is the medium-long term goal. Booking profits at round numbers between 1.2675 and 1.24 would be good for the soul ;)

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Strong consolidation near 0.7125 and 0.705 with a break out from horizontal resistance and trend line. Expecting a retest to 0.7125 to go long targeting 0.73. Stops just below the recent lows in the sideways price action earlier.

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Entry at 0.745 targeting 0.76. Divergence (bullish) set up + break of falling trendline

justatrader

First entry at 186.5 and second entry at 185.75. Stops at or below 185 (based on your spread). Expire second entry if target reached.