The Nikkei was hit hard today after a quick spike higher from the open. Sellers may be showing there hand as we expect to see some longer term weakness come into the Index. If price can not hold above the 21500 zone then the bears will be grinning.
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The DAX recently broke out of its uptrend and has since seen some selling pressure for a move off 13056. The key level for us is the 11750 area as the bulls will not want to see this break if they expect new highs. If the level breaks then a big move lower is on the cards so we will be closely watching for a shoulder entry...
It has a market cap of $732.97 million and a revenue of Revenue: 2.83 billion USD. You do the math if it worth buying or not!
P/E ratio: 0.69
Unisys Corporation operates as an information technology company worldwide. It operates in two segments, Services and Technology. The Services segment offers cloud and infrastructure services, application services, and...
Before we get into this speculative idea, please note that performance is not guaranteed. I recommend doing your own research before entering any trade. Your upvotes & comments are appreciated.
Just quick share tonight, COINBASE:ETHUSD is dropping to the lower end of this triangle. Quite a bit of upside. Aiming for long entries around $191, will set SL at...
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We observed that the market has tested the resistance line several times .
Now that the volumes have broken our signal rectangle , and, at the same time, the market illustrates the formation of a long wick perfectly on the...
6500 is being tested for the second time. While it is really early for a reversal, a short term pop to 7500 could be an interesting risk to reward with a stop loss at 6500.
If the second or third test falls just under 6500, then expect a dump and pay attention to where it bottoms out to clearly see what kind formation is coming.
Possible formations and...
We are about to "death cross" on the 200/50 daily.
Consider that previous "death cross" was never as severe, lasted from 4 and 9 months respectively.
The parabolic downtrend line is about to break, so we might see higher prices in the next 24 hours, before diving down again.
We should fully expect a drawn out "death cross" down trend to last 2-3 quarters at...
WHY I TOOK THIS LONG TRADE
1. Divergence between Price and MACD Histogram
2. MACD holding at STOCHASTIC 20 level
3. Price retraced to 38.2% Fib then made new low
4. Price held the -23.6% Fib
5. Price held previous support level
6. Morning Star reversal candle pattern
7. Entry next candle open after #6 pattern
8. SL below swing low
Strike Trader Indicator finds Long Signal Entry
Strike Trader Indicator finds Take Profit
Strike Trader Indicator finds Stop Loss
Price did not hit Strike Trader TP
Find your own TP
Double Top Chart Pattern
Close trade when price breaks below Double Top Neckline
Step 1 Assume Entry on middle of 2nd bearish candle
Step 2 Assume Exit on middle of Reversal bullish candle
Result 100 pips
Step 1 Assume Entry on middle of 2nd bullish candle
Step 2 Assume Exit on middle of Reversal bearish candle
Result 60 pips
As seen on the previous 2 ideas, we have had our rejection, our confirmation (which I already traded on M3 and took profits). We are all systems go for this trade. However, always maintain an appropriate risk, and do not take my advice as professional information!
The Pound looks set to kick higher as the pressure mounts for the EU and the UK to do a deal. This means that the bias for the GBPUSD is to the upside for an extension into the OfferZone and potentially further if the short squeeze persists. Watching now for a washout lower to clean out some longs and then the action to heat up with a push up through 1.2638.