The USDJPY is in a bearish trend since the beginning of 2017 as suggested by the trend channel. The price has recently respected a long term 61% retracement at the same time as respecting the bottom lower channel of this trend at point A. The RSI is also oversold. These indications suggest cutting long term short positions, but not necessarily going long as the...
What an ugly chart! I'm still waiting for a few ideas to hit their particular orders - and this is one of them. What we have here is a descending channel within a larger ascending channel. These are particularly great because you know for a fact that it's either going to bounce off the channel wall and push up or break the channel for a huge dive. As always, I...
Expanding on my previous idea of apparent Double Top formation on this pair, I've gone into greater depth about the path that it might potentially take. The current trend that we can see the pair taking is outlined by the descending blue lines that form a clear channel. From this (and the overall double top), we can see that there is a higher probability that the...
Gilead Sciences is a deep value play, along the likes of a Joel Greenblatt "Magic Formula" stock. Around September I expressed a bullish interest in GILD given its fundamentals and its valuation. During that time, GILD traded at $73. Since I expressed a long interest, the stock has done nothing but decline. Looking back on my initial bullish opinion, I didn't take...
this idea wants just to represent what we could observe from the market i'll keep updated this post in the future let me know what you think :) Happy Easter to everyone
EURAUD has been on this huge downtrend since June 2016, quite clearly seen here on the daily charts. I am looking to go with the trend at least up to the Bullish Bat Pattern completion at around 1.3704 Pattern Identification Let's not fight the downtrend and look to go short. However price will not go down in a straight line all the way down. I have identified...
NZDJPY has been in a strong down trend since the end of January. Similar to the AUDJPY Trade execution I would want to take a with the trend trade, as in to go short. Price just bounced off the bottom of the channel, I would look to take the trade at the top of the channel and the horizontal resistance at around the 76.90/77.15 levels
AUDJPY seems to be in a clear downtrend channel. No Harmonic Pattern at this moment Trade execution I have a bearish bias as it is in the down trend channel. Will look for a retracement up to a resistance level to take a short, trend continuation trade. Horizontal resistance 83.00/15 Channel resistance 83.50/70
TWTR is testing a weekly support zone that held as support since Feb 2016. The stock price is about to re-test the top of a broken channel (now should act as support). Pay attention to 14$ towards earnings.
We might see another opportunity to go short on the GBPJPY now. Will be playing with a rather huge stop loss now due to the fact that I want to give the price room to move. Whats signaling down is the EMA 200 still showing downtrend, the price is close to both a resistance, fibonacci 50 and the top of the channel. RSI doesn't have tons of room to move. The pair...
use of patterns, downtrend channel and indicators ( especially macd 15-50) show the return of an uptrend movement. the support ( black line) was tested and in my opinion now we have to buy
We reached a very long term downward channel and tested it a couple of days ago and rejected. It is also at the 0,25 angle of the fan. I believe this is worth the risk. I give credit on this to @patelbg2001 who first spotted it.
EURUSD is in a descending channel where it is currently at the top of that channel. Waiting for the candle to fully form, expecting a bearish candle to be printed, but watching to see a move lower back towards the channel centre and further or a sure break out of the channel to the bullish side. I have notification reminders set at 0.8740 and 0.8690 for further...
Technically, since the beginning of February, the GBP/USD has been in a bearish channel . Our trading plan favors a short in the area in which the price currently is. Momentum wise, on our higher time-frame (4H Chart) the 7 period RSI is slowly going into Overbought territory while on our trading time-frame (1H Chart) we have a 7 period RSI bearish divergence....