Hello Traders, I hope you all had a wonderful New Year's Holiday with your friends and family! I have been plowing over the markets throughout my vacation and man do things seem to be moving! The advance/decline says it all, the status quo to sit aside as short sellers take advantage of tax selling hasn't been so, as they continue to just get plowed right thru...
Hello Traders from around the world! =) Well I'll veer away from posting about the fundamentals of the company as usual. This is merely my technical view point on the stock and what attracted me "technically" to the stock. Well most importantly is the bottoming process the company experienced this year in the $11.00 - $15.00 range which also supported price...
Hey Traders, Well... Tesla is once again at the long term horizontal support which makes it a buy in my book.. at least technically. A conservative entry would be waiting for the break of the descending trend line / channel. My plan is to trade this for shorter term swing trades on the 1HR chart with a bullish bias. Cheers. =)
Hey Traders, I'm still holding bullish oil positions through the week until we reach the previous highs. Just an update on price action. - Price broke decisively gaping up above 46.23 resistance. - I expect a retracement to 46.23 horizontal support which is also 50 EMA support. - Once price retraces to the above mentioned levels I would expect a bounce and...
Hello Traders, As a few of my close friends here on TradingView know... I LOVE TRADING this currency pair! Why you may ask?? The chart says it all, this is one of the strongest trends LIQUID EMEA Currency Pairs available. Hehe What am I waiting for to jump back in LONG once again? Well when it concerns exotic currency pairs I only compound positions or jump...
Hello Traders, Well to all of you who caught the breakout above resistance congrats. This pair has now reached previous resistance along with the DXY trading at All-Time-Highs it would make sense to receive some retracement back down to broken resistance in the 105 & 106 area. With interest rate speculation coming to a pivotal moment this December we can very...
Hello Traders, We may be witnessing the next trend in USD/JPY for a retest of the broken 116 handle. With the US Dollar trading right at the highs with a possible close above the 100 handle in sight, it's very probable that the quarterly trend for this currency pair is to the upside with Long bias. Trade smart and with a plan. =) Cheers.
Good Evening Traders, At this very moment the US Dollar is once again trading at channel resistance highs. Also do note that it is also trading less than 1% from the 2 Year all time highs. Manage dollar positions accordingly.
Hey traders, Technical levels on chart. Also, do note the broken ascending TL for this year and the wave down thus breaking 2016's uptrend. Also do note the descending TL resistance in place since July 2016. Also, for a longer term perspective on the major resistance / support levels at play please see the linked chart. Cheers. =)
Hey Traders, Simple analysis, after a third wave higher price became overextended and now needs some pause before deciding whether to head higher or head lower and break support at 0.8600 Clearly bears are in control at the moment. The trade I'll be looking to play is a retracement to the broken support on the hourly / 4hr chart before entering short with a 2R...
Good Evening Traders, The technical breakdown is as follows. October 2016 Close: Bullish Pinbar on horizontal support (YTD Higher Low 98.00) and 50 EMA Support. Volume Analysis: February 2016 Breakout Volume Exceeding 10 Month Average Volume (Bullish). October volume nearly exceeding 10 month average. Support & Resistance Levels: S: 98.03 R: 109.67 & 120.5 - 124.4
Hello Traders, Just some last minute support / resistance analysis on oil. Cheers. =)
Good Evening Traders, As the market trades lower here are some levels to monitor as the days go by regardless of whether you are short or looking to buy some potential bounces. Resistance: - 212.38 Support: - 203.02 - 198.65
Good Evening Traders, As discussed in the linked Monthly candle analysis chart on AAPL we did get a bearish candlestick close on the monthly chart. In this chart I have outlined some support levels to keep an eye out for in case you are short this stock or looking for potential buying opportunities. The most intermediate support level is at the 108 price area....
Good Evening Traders, The monthly candle analysis is really straightforward. The October candle closed as a bearish pinbar and it seems as if price will pullback along with the rest of the market. I will post another chart with the daily candle perspective for shorter term trading opportunities in AAPL. We have strong fibonnaci support at the 50% retracement...
Current analysis, keeping it stupid simple.... After breaking 1.2332 the Pound has offered a few short biased trades. As of right now, trading in the lower mid band of the range I don't see any trading opportunities. I am neutral on this pair. If the US Dollar breaks to the downside I would expect a move in cable up to 1.2471 resistance. Hope you find this...
Here are some potential levels to play on a dollar breakdown of support. *This lower time frame chart is meant to accompany my higher time frame analysis. See linked analysis.*
Good Evening Traders, The Dollar has traded into multiple areas of resistance: The channel highs and .786 Fibonacci Resistance level. We also had a bearish Daily Candle close at said resistance area. Let's see if bears pick up steam at these technical levels for a healthy pullback. If bears take control, first expect a move down to near term support at...