Nov 2 2015: BULLISH EURUSD DAILY: Waiting on gartley to play out (Analysis Based on Daily charts) Criteria 1. Up trend on the Daily chart 2. Price at daily Support level 3. RSI hidden divergence 4. Gartley pattern terminating slightly below channel lows NOTE: Wait for price action to confirm the importance of these levels. If you find this information useful....
BEARISH EURUSD WEEKLY (Analysis Based on Weekly charts) Criteria 1. Long term down trend 2.Price recently bounced at support/resistance zone 3. Recent strong bearish price action NOTE: Wait for price action to confirm the importance of these levels. I don't trade from the weekly chart. I use it to evaluate overall market direction. If you find this information...
BEARISH EURUSD 1H: Support becoming resistance. Wait for bearish price action. (Analysis Based on 1 hour chart) Criteria 1. Sell at daily Support/Resistance 2. Sell at daily swing low 3. Sell at channel high NOTE: Wait for price action to confirm the importance of these levels. NOTE: This is a counter trend oppertunity based on my daily outlook
Look at this really interesting chart of Soybeans. I entered long Corn almost a week ago and I was waiting for a good signal on soybeans. The price reached the rejection line of the descending channel. Volumes dropped on the last down move, and the 14 periods RSI shows a strong divergence. I believe a break back above 900 dollars would be a strong bullish signal.
The descending channel from 5th August acts as a pivot point for trend reversal as suggested by the numerous times price was tested and changed direction. Therefore, I predict that price will fall since it has touched the trend line of the channel. This resistance level is further implied by the fact that 1.31481 is the 0.236 Fibonacci retracement level, so price...
Update: Stopped out Profit = - $600. Balance= 30,000-600 = 29,400. ================================================================== Trade 2: Pending Short XAUUSD @ 1180.00 S.L @ 1186.00 T1 1171.00 T2 1163.00 For 30,000 Capital, and 2% risk per trade=$600, Position size = 1 lot ( 0.5+0.5) ==================================================================...
Looks bullish here as it is touching the top trendline of the downward sloping channel that's been in place since 9/14'......it is at this big resistance lvl. of the upper trendline of the downward channel and could b/o thru this week w/ tgt.#1=216 & then tgt.#2=220. Had a pre b/o day today w/ larger positive volume than yesterday......as always watch volume for...
This move can go either way Long or short. I've managed to draw out a wedge which will determine where the next move could be. If the candles are continuing to be bearish for the time being and managing to break through this wedge, it may be worth shorting up to the demand zone (TP). Otherwise if the candle tests the wedge and manages to bounce off it, a short...
I already entered a short position at 0.968. I think a downward trend will continue after a short pullback period in wich we are now. The trade is fundamental based on the Policy of Reserve Bank of Australia. It cuts the cash rate by 25 bp to 2.25% to a historic low. They argue that it will boost the economy and will provide support and growth. Well we will see ...
ANF has been experiencing a significant downward trend since early September. Each time price has hit the top of the downward channel, price has dropped, continuing the downward trend. Price tends to continue in a trend / channel. Pros: 1. Price is in a daily bollinger band squeeze 2. OBV continues on a downward slope (often an indication of the direction of the...
Kiwi is also in a down trend. I am not that comfortable with the divergence drawn on the RSI, but the trend seems to be pretty strong. A break on the upside of this little range could get the price back to the channel's main line, while a break bellow would signal another drop for the NZD. So still short on medium term here, also...
What a nice bullish setup. A Hammer was drawn at the intersection of the big down trend and the smaller up trend lines. This gives a better probability for the Euro to start a rally, targeting, 138.00 or even higher for 138.50. A break below the demand area would signal a fall back towards 136.50/136.00.
the U.S. and the European Union announced a fresh round of sanctions against Russia on Wednesday 16 of July following the annexation of Crimea back in March and ongoing tensions in the east of Ukraine. The U.S. package was the largest round of penalties so far, with Russia's oil producer Rosneft hit as well as other energy, financial and defense firms....
Since the beginning of March this solar ETF entered into bear channel and was laggard sector vs broad market as investors were buying major cap, high dividend stocks. Nevertheless, it is just 38% pullback from big move from $15.00. Now, it builts higher highs and higher lows - strength of buyers. Yesterday, it closed near highs and broke previous dwing high at...
IBM is trading relatively weak to the market which is currently on highs and stock is depressed and below 200 EMA. After strong break up of $190 resistance it caught some follow through right to $199, but then dissapointing earnings was released and it dropped on powerful gap down. Series of lower highs and lower lows means that it is in down trend and sellers...
Two weeks ago sellers managed to break down uptrend line that is in tact since NOvember 2013 but buyers regained control as price is above all key moing averages on Daily timeframe as well as intermidiate 4 hours timeframe. Now, it is building upper level base in front of intermidiate down trend line. Recent lower highs and lower lows tell us about weakness in...