on completion of the cypher pattern I will enter long for a quick scalp trade
Greetings, I am looking to buy this little gem around previous demand levels of 1-1.50, will add to position once a breakout of 3.30, indicators are pointing to a bullish move as well. I am not a fundamental trader by any means...so therefore I have no fundamental indications to support this trade. However, I will be doing some fundamental analysis on the company...
I have to be completely honest to all viewers, I am a a young trader lacking wisdom. That being said, the equity markets are in a state of much indecision. Based on my view, all longterm technicals point to further down. I also honestly am a believer that markets are generally efficient (with exceptions of course), therefore I really don't pay too much attention...
I think the Euro is going to correct to the demand levels labeled on the chart. I like to incorporate a few different analytical methods in my charts. Briefly, a few reasons i decided to take this trade-General EW on the current cycle, possible descending triangle (this does not hold much weight on my trade plan other than a notation), we also have some key trend...
looks like ltc is making some sort of wedge correction...taking the trade based off of lack of volume meeting heavy resistance levels plus OTE short zone plus other key fibs. My SL is 4.09 and I will be closing based off of momentum
Late posting this trade setup opened position at 3.94 SL-3.9 min target-4.4
shorting the top of the range...nice rejection at top of monthly resistance Target-1.103 Stop Loss-1.12
Analysis of the last rally/retracement There is a lot of bullish sentiment in the chat, regarding this rally, however it seems to be just a textbook retracement too me. Several factors to support this thought, all details on the chart
Several factors at play here to support the bearish case. Two main reasons for taking this trade setup -Bull trend line break -Head and shoulders neckline rejection
Nice inverted H&S trade set up...a test and hold of the neckline will confirm
Looking like a profitable trade setup here. I dont expect much higher on the pair, but good for a scalp trade.
Hello all, Chart should be very self explanatory, however its very simple this seems to be a very corrective move, unlike the impulsive bull runs we have seen recently. There has also been a real lack of momentum on the bulls side as well with considerably weak volume. Cheers,
All analysis is provided on chart
This pattern looks as if it could meet the requirements of a double top, and if that was the case I think we would retest 450. I've been short from 620, 600, and 580. I will continue to trade in and out of the interior swings, and watch how the market reacts.