GBPCHF it's on an Oversold zone , and it is on a perfect BUY position. Look at the red zones I marked. On the 2nd red zone (the most intense one), the price couldn't pass downside, leaving A LOT of wicks (demand signal). Take profit on 61.8% of a Fibonacci Retracement.
You can see that selling on the upper red line has rewarded shorts in the past and I believe that this is a great short opportunity here - one of the best i have ever seen. We have got way over extended and fundamentally the price is just way too high for a this company, even with the 'shopping online' narrative that has been done to death. Overstock is the much...
Good Day Everyone Here's a long idea on the GBPUSD pair, overbought on many signals looking for a bit of retracement ( HL ) before continuation to ( HH ).. If you took this one target 1 was a success you can trail stop or adjust your sl to previous swing low and hold risk free on the pair lets see how it goes... Good luck and happy trading...
HELLO ALL, BACK IN MAY 23, I POSTED ON CADJPY MOVING HIGHER AFTER THE DROP AND THE PAIR ROAMING AROUND THE WEEKLY SUPPORT. SINCE THEN CADJPY HAS HAD A NICE BULL RUN. NOW THE QUESTION IS, DOES IT BREATHE AND RETRACE OR CAN IT KEEP GOING HIGHER. THE WEEKLY SHOWS THE PAIR MORE THAN LIKELY MOVING HIGHER TO ITS WEEKLY TREND LINE AT ABOUT THE 84.00 AREA, AS IT STILL...
OF course this is pure guesswork and sheer speculation. Maybe the ATH is already in on Friday. Although futurez are up as I write this, their fair values point to nearly the same prices we saw near the close Fri PM. I marked this chart idea as Neutral, although it's really short-term bearish and longer-term bullish, until it becomes Bearish again in 2020. A lot...
Hello Traders, This week the RBNZ will decide if they will hold interest rates steady after they look a 50 basis point cut during their last meeting. This shocked the market as they had forecast only a 25 basis point cut previously, therefore the NZD took a larger loss. This week the RBNZ is expected to hold rates steady, on the other hand, the RBA is looking at...
Overbought bond market might see this ETF heading south to the high to low 130's
hello guys we can catch 80-150 pips i think care lote size and usd SL
BYND reported earnings with a wider loss in the first quarter of 2019 due to higher costs and expenses, but outstanding guidance for next year. Even bullish analysts have set price targets below the current market price of $135. JPMorgan is overweight with a $120 price target, Bernstein rates outperform with a $107 price target, Credit Suisse sets a price target...
Hello, How do u think about my TSLA trade plan ? Market Status : Oversold Buy : 180-185 SL : 174 TP : 235+ (trail stop)
MAJOR CORRECTION AHEAD. It might run up for a shadow candle at 5700-6000 LEVEL. But that's it major supply at 6k$ so basically that's where the game is over. But currently all WEEKLY indicators are forced out of their maximum values which indicates me that a very MAJOR correction is coming. Larger then 30% So those neysayers that said we won't see 3000$ area...
AUDCAD is at major resistance Stop loss set above 0.9490 First level of take profit is at 0.9420 Stoch RSI signalling further downside
GBPCHF Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Price action at Resistance of Parallel Channel - Price action close to Another Horizontal Resistance Trendline - Widening gap of EMA - Fundamentally, uncomfortable to hold a Long GBP position because of Brexit uncertainty; to us, a delay in Brexit...
EURAUD Timeframe: H4 Direction: Short Confluences for Trade: - Bearish candle formations - Stochastic Overbought momentum - Price action at Resistance of Parallel Channel - Breaking S/T Trendline within Channel - Widening gap between the EMAs - Fundamentally, EU-Italy impasse uncertainty yet to be priced in and may be volatile in the coming days while...
NZDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Price action at Strong Resistance Trendline (Since Jan 2015) - Price action at 61% Fibo retracement levels - Gap between 8EMA and 50EMA too wide - Stochastic Overbought momentum Suggested Trade: Entry @ Area of Interest 0.6825 - 0.6925 SL: 0.6998 TP: 0.6453 RR: Approx. 3.42 (Depending on...
USDCAD Timeframe: 1D Direction: Short Confluences for Trade: - Upward momentum slowing - Price at Resistance Trend-Line (since June 18) - Stochastic Overbought momentum - Fundamentally, Canada's data is still strong, and Canada being a commodity currency was hit when oil price fell drastically, however, our view is that oil price has stabilize around...
USDHKD Timeframe: 1D Direction: Short Confluences for Trade: - Pegged currency, strongly defended at 7.85 (Limited risk; any break above the 7.85 levels is gonna be a crisis issue) - Stochastic Overbought momentum - Not directly related but Double Top Resistance for the DXY, helps support the drop in USD strength Suggested Trade: Entry @ Area of...