Technician

Technician Updated 

Hello friends, I have been absent for along time due to sickness. I am happy to be better and back. I am resuming my trade series Today morning I sold GBPUSD at the retest of the neckline for a head and shoulder top formation. The formation comes in the context of along tern downtrend, and medium term sideways action among 1.28 and 1.25 areas. Lets see how it...

Technician Updated 

Bought EURAUD at 1.5780 TP1 1.5905 TP2 1.6070 S.L 1.5685 Average Risk/Reward : 2.1 Risk of capital for trade : 1.5%

Technician

Bought EURAUD at 1.5780 TP1 1.5905 TP2 1.6070 S.L 1.5685 Average Risk/Reward: 2.1 Risk of capital for trade: 1.5%

Technician

Bought GBPUSD at 1.3156 TP1 1.3258 TP2 1.3349 S.L 1.3102 Average Risk/Reward: 2.75 Risk of capital for trade: 1.5%

Technician

The recent breakout from the consolidation pattern has resulted in a sharp rally. However, the rally may start to fade and the upside could be capped below $6000 broken major support(major broken descending triangle floor) which should turn to resistance, in addition to the 52-week simple moving average. A good area to look for the downtrend to resume for new lows...

Technician Updated 

Intraday Trade Shorted CADJPY at 83.20 TP1 82.80 S.L 83.45 Risk/Reward: 1.6 Risk of capital for trade: 1.5% - 1.618 Fibonacci extension for latest down wave - Falling Trend line - RSI Overbought

Technician Updated 

Long AUDCAD at 0.9500 TP 0.9577 S.L 0.9465 Risk/Reward: 2.2 Risk of capital for trade: 1.5% Accumulated profit before trade: 2.232% Dovish FED may keep USD & CAD under pressure Breakout above horizontal resistance

Technician Updated 

Shorted German DAX CFD at 11638 TP 11065 S.L 11870 Risk/Reward: 2.47 Risk of capital for trade: 1.5% Accumulated profit before trade: 2.232% Major potential resistance (prior broken neckline for a weekly head and shoulders top) 200 Days simple moving average Bearish divergence on Momentum Indicators

Technician Updated 

Shorted two orders USDJPY at 110.17 TP1 109.57 TP2 108.57 S.L 110.55 Average Risk/Reward: 2.89 Risk of capital for trade: 1.5% - Breakout below key support among 110.25-110.35 - 50 days simple moving average breakout - Broadening rising wedge breakout on the daily chart

Technician Updated 

Pending Short AUDCHF at 0.7045 TP 0.6884 S.L 0.7112 Risk/Reward: 2.4 Risk of capital for trade: 1.5% - Bearish breakout of head and shoulders and overall negative markets sentiment.

Technician Updated 

Key long term resistance area Price forms double top at that resistance and breaks the neckline Shorted two orders @ 1.0069 TP- For 1st order : 1.0012 TP- For 2nd order : 0.9943 SL: 1.0107 Average Risk/Reward: 2.4 Risk of capital for trade: 1.5%

Technician Updated 

Retest of head and shoulders bottom neckline Double bottom Weekly resistance breakout Bought two orders @ 1.3347 TP- For 1st order: 1.3455 TP- For 2nd order: 1.3647 SL: 1.3285 Average Risk/Reward: 3.29 Risk of capital for trade: 1.5%

Technician Updated 

Hello mates, I am starting to document my next 100 trades. Hopefully, It would be helpful for others. I have shorted the EURGBP this morning. The price has broken out of the main sideways range by breaking 0.8620 support. The broken support turned to resistance as the price formed two consecutive rejection candles( shooting stars) suggesting supply is...

Technician

I posted this post in mid-2017. I am reposting as the debate has risen recently whether a recession is near or not. it might be handy in 2019. Original Post: Jobless claims figures have been a reliable indicator of recessions. By examining a historical chart that goes back to 1960s we see a similar pattern in the behavior of claims and recessions. Every...

Technician Updated 

Retesting prior broken trend line Retesting short term falling trend line ABCD completed at 1.271 extension Stochastic overbought Shooting star candle Earlier longer term setup here

Technician Updated 

The 52 week(yearly) simple moving average has been underpinning the index for the whole bullish wave since early 2016. I will be watching the weekly closing as if we break it it could confirm a change in the slope of the supply demand equation. An immediate target would be 2550 next major support area.

Technician Updated 

Chart is self-explanatory: Multiple Technical factors suggest the "MOST LIKELY" scenario is a down move for oil 0.73% in the coming weeks to months: - A retest of major long term trend line ( from 2008 all time high) - A retest of major long term price barrier at $75/barre - Divergence between Copper 1.34% and Oil 0.73% for more than 10 months. - Swing...

Technician

Just a heads up on crude, as it could be a BIG Sell this $75 resistance. Stochastic is clearly divergent as well. I am watching for a final confirmation to short this. Be cautious as if we break 75 it might signal bullish continuation.