waiting on conformation of this 1hr consolidation break pass 4h support . expecting more downside forming new LL
USDJPY will hit the daily trendline and I am watching for a short potential. Looks very promising like the USDCHF triple top that formed and did the exact same a couple weeks ago.
Flag is developing and triangle is breaking. Looking for Pound weakness or Dollar strength to move this pair down. Only thing that I don't like it that it's already Thursday and Im probably going to have to carry this trade into the weekend. Looks good so far. Let's see how this flag develops and looking to take it down to 1.2720 - .2700 Just waiting for entry at...
AUDUSD broke decisively lower yesterday but follow through lacked today with the exchange rate showing only a marginal decline as of the European close. Support at 0.7500 in the pair is seen as significant as it had held it higher since the middle of January. As the pair was confined to a range during this time, yesterday’s break of support signals a range break...
Adobe (ADBE) exploded upwards on Friday, March 16th after reporting their earnings. At the same time, a huge reversal bar formed on the daily chart with the close at $126.94. The following trading day’s bar closed just below the low confirming a possible reversal of a pretty massive uptrend the stock has been under over the last months. Not to mention, Adobe and...
Hold previous structure. "Last wick standing"... Could imagine break of lower trend line for more downside momentum on $EURUSD.
The rally from the 2240 to 2400 level is now exhibiting signs of a top. Yesterday's risk off has not seen any pull back and bears seem to be in control. FX market movements confirm the turnaround and we should now see a move to 2280 as the first target with potential sell-off of 10% down to 2125. Worse case, I see a 15% correction before regaining upside momentum;...
As you might know, we are looking higher on stocks based on Elliott Wave structure after only three waves of decline on E-mini S&P500 from 2400 highs. So more upside on stocks is normally bearish for Japanese yen, in risk-on environment. At the same time we see Oil prices in bullish mode as well which can be supportive for the Canadian dollar. What all that said,...
There are a few buy setups. I am looking for this pair to retest the high before a move down. Therefore I will be trailing my stops instead of taking traditional targets.
*WE'VE ACCIDENTALLY PUBLISHED PRIVATE IDEAS* From a trade earlier this month, we traded a credit spread opportunity to the downside on Mattel ($MAT). Check out our articles for more about this trade as well as our trades on $TWTR and $WYNN this month.
EURUSD is going to start falling or never. We are now heading to March US debt ceiling and French election One of the Candidate Marine Le Pen launched her presidential campaign, promising to put France first by freeing it it from the “tyrannies” of globalisation, Islamic fundamentalism and the European Union. If French election is favour Le Pen, EURUSD will...
I'm a beginner in Technical Analysis and would like feedback from others. Looking at STAR I believe a short-term down trend will take place. I've drawn trend lines and use the 5/10 SMA to determine the trend. I'm unsure of the hammer but after some resurgence the downward price action should continue. Feedback is excellent please leave some!
This was a nice trade but i forgot to post it since i was away, anyways i was in when we got a "D" im in profit hope i will post next time trades on time so anyone can join
As you can see it fits perfect the analysis i shorted it and will see profits for sure if not i have a tight stop loss
if it breaks the support line that i made i will enter it for a short trade and lets see if we profit, stop loss 1.34216.
lets see if the price action respects the resistance line and will move downside.