Yesterday all you guys had very good expiry day , I hope ! So for coming days we are ready with our analysis for Nifty. The reversal zone marked has few fib confluences too which I removed as the chart looks messy. Right in our resistance zone we have potential bearish butterfly completion where we can initiate our short positions for smaller pattern based...
Its Going down due to the following news from US(Watch Price Actions 6hrs From NOW) 1.Durable Goods Orders, released by the US Census Bureau 2.Initial Jobless Claims released by the US Department of Labor 3. FOMC Member POWELL Speech that therefore trigger a short term movement positive or negative trends 4. Funds are going out base on Money Inflow Indicator(Smart...
ETH looks like it's gone up too far too fast. If this does become a double top and a bubble pop then 0.018 is a reasonable target. If it breaks 0.035 on the upside then I'm wrong and all bets are off. Keep in mind that LTC looked toppy at $12 back in the day after consolidating at $3 but boy was it wrong to short that one there - it ended up topping at $55. I...
Brent crude rally appears to be quite overdone, given that the fundamentals aren't particularly good. IEA announced that Iran have almost reached pre-sanctions production levels, fuelling a glut further and quite outdoing the decreasing in production in the US. $49 as a SL.
The whole Defense industry is extremely overbought in all time frames, even in monthly. Stocks are reaching important long term Fibo projections. NOC is making no exception, showing RSI bearish divergence and declining volume in parabolic rise. % waves completed, has reached the top of its risisng channel. Excellent risk/reward on the short side, target near...
Bearish divergence on the RSI, indicating a possible short opportunity. This is strong divergence as we are still in the overbought region. Seen a strong rally in the USDTRY recently over the political uncertainty in Turkey. We are seeing a consolidation at the top as the market gains some relief over the strength of the rally. This is a way to play that consolidation.
Went overbought on EURJPY this morning prior to London open. Formed a nice cypher pattern which completed at 122.76 Every pip above this you will get a better risk reward, Stops and Targets as shown. Targets are the 38,2 and 61,8 % Retracment of C-D leg. Website: www.ogtpartners.com Twitter: goo.gl Facebook: goo.gl
petronet sell below 283 stoploss 285 target 269
Just another opportunity with 3 confirmations 1.overbought RSI (DEFAULT) 2.AB=CD 1.27 Extension 3.BCD leg = Butterfly pattern in h1
FX:EURGBP I am honestly not sure about this one. I can see it going both ways. There are a lot of bearish technical signals like daily bearish MACD divergence, overbought condition on weekly stochastic, MACD and RSI indicators and a serious bearish engulfing candle on weekly. But then again the pair has been steadily climbing up within a channel for a while now...
FX_IDC:XAGUSD This looks like a solid sell to me. The price has been moving in a definitive tunnel. Its recent strong move up ended at a previously respected resistance level. Recent daily candles indicate indecision and it looks like the price would rather retrace down to the other end of the channel. All of the oscillators are definitely in the overbought area...
$MCEP has been parabolic and is near the past resistance @ the 3.50 level. The RSI is around 81 and is extremely overbought, I will be watching MCEP right out of the gate for a confirmation of the short. Keep an eye on this one tomorrow!
I believe we are looking at the (temporary) end of the EUR bull run against the pound. Consolidation since 6th of April Break of steep lower trend line of bull run Bearish divergence in RSI and Stoch Multiple long wicks at this level indicating bulls didn't have enough strength to really break higher. On the daily RSI and stoch are overbought which,...
Looking to short AUD at around these levels. Multiple signals that new lows can be made if we clearly break below 0.75 in the coming day(s). Might first see a small consolidation and retest of broken trendline at about 0.7525. Lower high, lower low Previous 4H candle clearly broke the trendline RSI and stock pointing lower on 4H RSI and Stoch bearish...
Maybe that is too extreme, but it hopefully caught your attention: I put a short sale recommendation last summer and MSFT and it had an excellent down-move from that publication. Now MSFT has made another earnings announcement and it has made a new high, it's time to revisit and see what valuation looks like. Well, the valuation is a problem. The PSR or...
Price is entering a previos supply/sell zone so we should look to short here. The MACD is suggesting further bullish moves due the fact that there is bullish divergence. We could see price move up a little till the divergence is satisfied before we see any bearish moves. Wait for CSI(Candle Stick Info) befor entering a sell.
CADJPY: H4 kijun sen crossed, RSI overbought. confluence with 61.8% fibonacci level
USDCHF: RSI5 OVERBOUGHT. LONGER TF (H4) IS ON DOWNTREND. Entry at 50% fibonacci level. SL is recent highest ATR