Analysis based on the downtrend. I believe that we are at the top of a 4HR swing in a downtrend. Therefore this gives me reason to short this pair down to the support @0.72. Tomorrow we have mid-high volatility news for the NZD. This will affect the chart but in my opinion, not too much. On Tuesday we have some high volatility news for the USD. Again, the same...
PTC seems breaking down forming a H&S formation. However if H&S formation breaks down, in the long term it could breaks its Upward Channel formation, So it has very good downside potential. * Trade Criteria * Date First Found- August 11, 2017 Pattern/Why- Long term upward channel Entry Target Criteria- Break of $51.87 Exit Target Criteria- 1st Target...
Hope y'all doing well, here I have a nice opportunity for a short on AUDUSD. So, the trade is based on the descending trendlines who crossover on our entry point, we can crealy see that we are in a descending channel, so we are only selling a retracement on the downtrend, it's safer that way. To add more confirmation, we have a 61.8% fibs retracement of the last...
CADJPY possible short. At the moment it touches the downtrend curved line. Low risk and good risk-reward ratio
PLXS seems breaking down from an upward channel formation. Moneyflow is diverging. We think it has good down side potential. * Trade Criteria * Date First Found- August 8, 2017 Pattern/Why- upward channel breakdown Entry Target Criteria- Break of $51.97 Exit Target Criteria- Momentum Stop Loss Criteria- N/A Please check back for Trade updates. (Note:...
Looking for retracement back to broken support becoming new resistance, before going short.. Price making lower highs & lower lows after price rejected 148 zone & could not go beyond this level..
Price in a downtrend making lower highs & lower lows.. Price currently under weekly resistance zone (111.000). If price stays below this zone we will see more to the downside.. If downtrend line/resistance breaks, price could push to the upside.. Bearish outlook still!
Price under weekly resistance zone now, still in a downtrend after shooting star reversal to 1.66500 (Weekly Zone). Look for breakout of trend line to go short, next zone @1.63500.. Trade with care!
Seems like Verge is going strong along the resistance downtrend line, with a good point of reversal ahead if RSI goes above 50 driving us to 70 and making a double top and further a uptrend line breaking the downtrend resistance line, finally. Its time for Verge!
If it breaks we could see the price go down to 1.29400
I hope this week DAx have a good movement. First I think price go down to take 12200. After go up and take 12350, little retract near 12300 and after take force and go up near 12400.
Weekly time frame shows breakout and pullback into range daily timeframe show breakout of downtrend line and price consolidating in symmetrical triangle on lower volume showing no strong selling establishing position on monday for breakout and using 3ATR as stop loss monthly timeframe showing stage 2 mark up
BLDR was in our watch list from quite a while & now it seems getting ready for a decline. It seems breaking down from a double top formation, retested & now rolling over ahead of earnings. Moneyflow is dropped. It also has good insider selling, and weak financial ratios. We think it has good chance of Decline with the earnings, which is after market today. We...
Good percentage based insider selling. October $45.00 Puts are $4.40 or would look at $50 August Puts (currently $4.31) for shorter term play. Short term target is $40 range with longer term target of $32 based on weekly chart.
Possible Earnings Play. Insider selling as well as a break down with possible H&S. Reports after market Thursday August 3rd. * Trade Criteria * Date First Found- August 2, 2017 Pattern/Why- Possible H&S, Option play on earnings Entry Target Criteria- Would look at $145 September Puts - Currently 10.10 Please check back for Trade updates. (Note: Trade update...
Overall Market is looking Bearish . Caught a Nice bounce off Weekly Resis . ADX
Yesterday, Oil fell 3% from a Sell Zone that I mentioned in my weekly newsletter (#WeeklyMarketsAnalysis on Twitter) and in my IG account. The bearish reaction to the Sell Zone confirms that there are sellers between 49-50$ . Today we see a bullish pullback that drives Oil back into the Sell Zone, now testing the 200 days MA line as resistance. This is a...