I think, now is the momentum. We can go through 010500 and test 013000, but we can also go deeper. Lets see what happens now.
DXY: Dollar Index The next stage of dollar weakness has begun, marked by heavy selling today and break of the week-long uptrend. This marks the beginning of the next down-wave. Look to sell USD EUR rallies using DXY as confirmation of likely counter rally points as per comment. The trend has swung back against USD for now. So we look to sell rallies from here...
GSM will be an interesting short potential, if it testes its resistance at $11.47. We think it will decline after testing its resistance & it can fall as low as $9.88 * Trade Criteria * Date First Found- May 25, 2017 Pattern/Why- Potential short from Resistance Entry Target Criteria- Retest resistance at $11.47 Exit Target Criteria- $9.88 Stop Loss...
DPS had a sharp decline recently & now seems testing its breakdown resistance. It has huge insider selling, we think it will continue its down move after adjusting to its Resistance around $94.43 * Trade Criteria * Date First Found- May 25, 2017 Pattern/Why- Short from resistance. Entry Target Criteria- Test the resistance at $94.43 Exit Target Criteria-...
HUN is breaking down an upward channel. Moneyflow declined very sharp & it some some insider selling as well. We think it will decline further & we would consider it as a momentum short from $23.93 * Trade Criteria * Date First Found- May 30, 2017 Pattern/Why- Upward channel breakdown short Entry Target Criteria- Break of $23.93 Exit Target Criteria- 1st...
Hello, boys and girls. Dont want to believe, but it happens. Think we should look at the lower levels for now. Look the chart.
on daily chart we can see downtrend on USD/JPY pair. one stronger resistance is in front of us but i think it will make it through.
Now everything is clear we wait I do not use trend lines, Gunn lines and Fibonacci !!! Remember -Never risk more than 2-3% of your balance on a single trade. And If you are a beginner 1%. -A Single or few trades result is not important. Whats important is the net return at the end of the month, quarter and year.
This is a general market prediction and does not constitute investment advice. Follow your plan and rules. Good luck!!! Comment below if you wants update on WTI
* Trade Criteria * Date First Found- May 24, 2017 Pattern/Why- Possible Long term Head & shoulder formation Entry Target Criteria- Speculative entry at Present price, conservative entry at the Break of $34.80 Zone Exit Target Criteria- Momentum (About $20 down) Stop Loss Criteria- $38.73 Please check back for Trade updates. (Note: Trade update is...
Eur Usd possible to start a downtrend and if it renounced from the resistance we could get a good rally down
LOW seems running within a wide upward channel, and at this time coming down from Upper channel line. We have earnings for it tomorrow, so we would like to see how it reacts. However if it shows weakness after earnings, we will consider for a short entry. * Trade Criteria * Date First Found- May 23, 2017 Pattern/Why- Upward channel formation with Earnings...
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SMP looking nice breakdown short setup. All the moving averages clustering beneath it. If it continues it break, it has long way to go. On the option side we would consider $50 September puts * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why-Downward momentum short Entry Target Criteria- Break of $48.33 Exit Target Criteria- $44.13 7 lower Stop...
CAB seems rolling over & broken down its support. We think it will decline father. * Trade Criteria * Date First Found- May 22, 2017 Pattern/Why- Support breakdown short Entry Target Criteria- Break of $52.33 Exit Target Criteria- $47.33 Stop Loss Criteria- $54.47 Please check back for Trade updates. (Note: Trade update is little delayed here.)
If the price is unable to keep pushing higher, then an entry to the short side could be triggered .. so for the next week look for change in behavior patterns around the 0.7470 area
I think their will be market correction on "Energy Sector" of market, because it is over valued.
ASTE seems forming a downward neck head & shoulder formation. Moneyflow completely broken down. Overall it looks very interesting as short & we think it can decline to $46 area. To play this we would consider $55 or $60 September puts. * Trade Criteria * Date First Found- May 19, 2017 Pattern/Why- Head & Shoulder formation Entry Target Criteria- Break of...