Here I am with my vision of EUR/NZD pair. It looks like we are at critical point right now. Potential break is becoming more and more real with every price drop below the line. This is a long-term chart and hence the reversal can open the road down to 1.61 support line. On the other hand, it could be a potential bounce upward. Should we jump into/out of the trade?...
The US Equity market has been visibly gearing for a correction since mid Jan this year (please see related comments below). A 10% fall in one week is a good start; We are now half way to a new, bear paradigm. Yesterday was technically as bad, if not worse, than Monday: - The S&P 500 was in a downtrend all day; - It fell on greater volume than average (2x); -...
While I would like to stay that XRP it about to go on a massive bull run again, I just don't think that's going to happen yet. I'm thinking we are going to see more downside on XRP and I've identified to downside targets potentially. We shall see... Like, comment, follow!!
XAUUSD Gold Head and Shoulders Top Recent price action has created a head and shoulders top formation with a minimum downside target at 1284. Lesser support at 1306 may give rise to a 10 point or so rally before the downtrend resumes. Whilst below 1328 gold will remain in a very weak technical position
S&P 500 Index: SPX Same problem as as the Dow - risen to fill the gap and now retesting near term lows at 27330 - The first real support lies at 27130 and it looks likely it will be tested soon. Failure to hold here will signal further near term weakness back to 26687 and potentially, if this level fails, back to 26007
BTGUSD Still running within the same sets of rising parallels, BTG took 10 days to more than double from its lows. A laggard. It's still unwinding, making a similar continuation pattern to the one that has just preceeded it...it may try to rally one more time to 348/9 but once 321 gives way it should fall to 299-289 range, worth shorting. Whilst trapped within...
USDTRY US Dollar Turkish Lira This is striking impulse wave: and when it breaks down it's a fabulous short Cannot short this whilst within the power of this massive impulse wave. But once it falls out of the parallel it becomes a massive short - once broken, look for any retest of the parallel from the underside once broken as a second shorting opportunity...
US30 broke out long trendline weekly, abnormal movement, so its to expect that we will retrace soon. First Elliot wave target is more than possible.
downside momentum price under EMA = sell retest @ 1.14700 RR = 1:3.22
Traders we have been watching EURUSD for a while as it struggles to break above its previous highs and is sitting within a weekly resistance zone. We are looking for a break below the daily lows for opportunities for a short position. Weekly chart suggests a weekly retracement could be playing out. FOMC last week stated they expect to hike rates 1 more time this...
We have entry signal on 60m timeframe: LLLC with RSI being overbought. Nice downside potential of 100+ pips. If I hit Target1 then I will trail stops to Target2. Stop Loss is above resistance level of previous outside return.
Short on DXY. No faith in the USD. I personally think we are ready for the crash. Price action is indicating huge sells on USD . Enjoy the fall :) Risk Reward Target 1: 1:1.25 Target 2: 1:2 Target 3: 1:3.8
I believe that we are temporarily bearish on EURGBP. We are not ready to fully decide whether or not to say that we are in a trend reversal, but from what I see, it is a possibility. Price has been respecting the .8850 Montly Level/Resistance. If we break the strong level of .8750. We may be in store to see a trend reversal. We've already broken the monthly and...
I Am short on EURGBP. I feel at the monthly level .8800, we have broken to the upside because of the false breakout due to news. To me that was just noise and manipulation, and we have broken back under monthly resistance. I got in last night but I am posting my current analysis and prediction on this pair. Risk Reward First Target: 1:2 Second Target: 1:5 I do...
higher time frame is showing range bound price action- negative divergence in rsi closer look at mid time frame shows the transition from a range expansion to range contraction and selling volume pressure being applied along with negative momentum lower time frame shows price action in that same range contraction apply pressure to the support area with multiple...
higher timeframe is in uptrend with a weakening trend strength which means to resort to the oscillators intermediate timeframe is showing a strong uptrend with a flattening short term moving average- indecision/potential consolidation price action is telling me that there is a resistance at the 341.6x area with the triple pinbars MACD is declining and starting to...
I am looking short on gu here very good risk 2 reward