Not the greatest setup but one to start the week with great risk reward :) reasons for 1.Price has come back up to previous support trend line and has shown imediate affect pushing price down 2.price created a bearish engulfing 3.Looks like price just made a correction and now is ready for a big drop also remember the trend is your friend :)
I took a sell trade over a month ago This setup may seem crazy and unrealistic but i truly believe take profit will be hit by the end of 2016 Reasons behind this many reasons which i will not go into but if anyone would like to no why contact me i have no issues with explaining :) 8000 pips here we come
With a stop at a strong trend line, price action and RSI suggest that a reversal down might just happen. Other correlating pairs such as EURUSD supports this claim as they are all near MAJOR consolidation areas short @ the stop of 1.5200 stop @ 1.52381 t/p @1.5099 Be sure to comment and follow my tradingview for more analysis! Keep calm and trade on.......
Short Analysis: As gold is creating slightly higher lows and RSI is indicating lower lows, a bearish divergence could be seen. With that being, we can expect gold to drop to 50% fib levels (1070.64) later on the week Long Term Analysis: Gold seems to be in a bullish run. However i expect it to come down slightly before make new highs. Short @ 1079.47 region Stop...
Completely parabolic action today in the spy. 1) ran right into resistance on daily chart 2) fading volume of trend 3) RSI didn't register overbought when market made its last structure high 4) blow off top candle on 30 mn chart 5) lots of selling on level two The rectangle below is the profit target (2 gaps down there that need to be filled)
SHORT TERM ANALYSIS: (LONG) After a break of a major bullish trend line, NZDUSD finally looks like it's going to come down. However a quick scalp could be made off the retracement being forming for an approximately 25-30 pip move. LONG TERM ANALYSIS: (SHORT) NZDUSD had been going on a bullish run a while now, and it stop near perfectly at the 0.68610 for a...
SHORT TERM ANALYSIS: After a major rally from gold, we can expect Gold to reverse at this point. With RSI heavily in the oversold region, we can catch some pips shorting it. LONG TERM ANALYSIS: Gold can potentially go up higher following the retracement. However It may always run sideways after the retracement Short @ 1073.55 Stop @ 1075.71 T/P @ 1069.77 Happy...
Short red box , fib .382 on 1D chart and 15M , Stoch is down trend with divergence. , SL 1.09 TP double
1)Trend line has held since October, 2) A break has now occurred and a retest of this trend line. 2) A further confluence is moving averages heading downwards Target Area 1- 180.017 Target Area 2 - 175.498 (If 180.017 holds as resistance after target 1 is cleared )
How about I just make a bearish cypher pattern appear right before your eyes? Just Kidding, the cypher pattern has been there all along. Ok so like I said in my weekly video, I'm not expecting much volatility this week especially after the kinda week we had last week and with this pair in particular. After the huge rally we had on this pair last week I still...
Setup reasons 1. support level has been touched and bounced 2. price has left a pin bar to signal a reverse 3. bullish candle show a change in momentum 4. bounce of long term strong trend line
The EURCAD has multiple times hit the important level of 1.463 (purple box) but has now finally broken through it. We look to short it when it retests this level as we then get what i call the "broken fang" setup meaning that price prints lower lows but equal highs. Our stops go above the resistance box and I'm hoping to catch a 1:3 on this one as price should...
After break of trend line last week price came back to re-test the trend line which held up and now has pushed of it leaving a tweezer bottom candle formation in place which add too confluences. Also weve been getting higher highs and lower highs which clearly show bullish trend and momentum so for me i will be long on this pair Happy trading ;)