High traders. As you can see by yesterday's key levels, price is focused on the downside. Price broke through s1 shortly after the open, broke through s2 overnight, and has since found nice support at s3 to the T. Going forward the focus remains to the downside until proven otherwise. A break below what was s3 and now s1 at .7331 will be required to put sights...
MASI forming a possible bear flag formation. It declined with huge volume. There was strong moneyflow divergence & it dropped sharp. We think MASI is a good short setup. * Trade Criteria * Date First Found- May 8, 2017 Pattern/Why- Possible bear flag formation Entry Target Criteria- Break of $85.33 Exit Target Criteria- $77.23 Stop Loss Criteria- $90.23...
AUDUSD is currently trading below s1 at .7400. View remains neutral however until we get a sustained break below s2 at .7368. If price can manage to sustain itself below s2 then eyes go down to s3 at .7331. Pressure remains to the downside below r1 at .744. Enjoy!
Hi traders. The pressure is still clearly to the downside on NZDUSD despite Friday's reversal off the s1 lows at .684, for that reason selling opportunities are preferred. It will take a convincing move above s3 at .7053 to signal a possible trend reversal so until then we bet on lower highs. The .68 figure is the next downside target with the possibility of a...
Potential end of first correction wave A. Gold formed a double bottom short of a major support price area. After a break of the inner downtrend line Gold, long trades can be found within wave B
Gold has broken down and should hit 1201 next week. But in very near term it's staging a minor rally within what is now developing into a medium term downtrend. Levels to watch today. PLEASE check CRB index comment if you trade Gold. It will help you understand and stay on the right side of the bigger picture...
IDTI is in our watchlist for quite a while. It has very high price to chase-flow ratio. It also has good insider selling. It seems rolling down & it can be a good short if it breaks down. * Trade Criteria * Date First Found- May 4, 2017 Pattern/Why- Breakdown short; High Price to Cashflow, Insider selling Entry Target Criteria- Break of $22.73 Exit Target...
PAGP is looking a very good Momentum short setup. It seems broken down from a falling wedge formation. Moneyflow also had a strong decline to the negative side. We think it will be a good momentum short trade up to as low as $15. * Trade Criteria * Date First Found- May 4, 2017 Pattern/Why- Wedge breakdown momentum short. Entry Target Criteria- Break of...
Alternative expression of individual short USDJPY and AUDUSD short.
JUST WAITING FOR MORE DAILY CONFIRMATION. THE MARKET IS SIDE-WAYS FOR NOW.
I think that the uptrend is coming to an end and bitcoin will start a downtrend now. I will be watching for reversal of this and possibly buy in again.
the chart has tested a significative resistence level and now it's time to enter in market with a short position 2 levels of take profit. anyway there is a good ratio of r/R >3
Price is nearing prior highs which need to be broken for trend to change to up. Until then a short bias should be respected.
There market is trending on EURAUD on a daily chart. It makes Lower High and Lower Lows, which means going downtrend. Currently, it is closed to its previous high and it is more likely that market bounce it back and continued downtrend. Moreover, Gartley pattern apprears on Daily chart, which increases the probability of this trade to go short. Also, there is a...
ECH seems building some momentum to the down side. It is a basically short on CHILE. we are watching it for potential shorting opportunity at the break of 50SMA ($42.77) Please check back for Trade updates. (Note: Trade update is little delayed here.)
CHD seems breaking down from an upward channel. It crossed down the lower channel line & seems it will go down further. We are looking for a quick short opportunity here. * Trade Criteria * Date First Found- May 1st, 2017 Pattern/Why- Upward channel breakdown Entry Target Criteria- Break of $49.32 Exit Target Criteria- $48.25 Stop Loss Criteria- N/A...
Taking an extremely small short position here on USDJPY just to dip my toe in the water. USDJPY is still a falling knife at this point and neither fundamentals nor technicals suggest an immediate reversal to the upside in my opinion.