So after the market reached those fresh highs past 1.1400 handle the polls were still in favor of Bremain. Thankfully I decided to abstain from referendum craziness so I didn't take the buy order as I would've in any other day of the week. Now we have breached lower levels we can have a bit more confirmation on the direction of the markets. I'm looking for...
Focus on the last two and three candle ,the first one made us consider price already get into bullish ,but another candle made a correction on it, and now GBPJPY has more space to go down
Looks we have a potential Bull Trap on the 30min. Over all the trend has turned bearish, making lower lows and lower highs. There is even a Bearish Flag on the Daily chart. I'm looking for price to breakout of the channel past resistance at .6760's and the .382 fib back to .6794. There is a 1.618 inversion that lines up with the .618 retracement. There is also a...
I'm looking to get long in a stop push. On the 30 min chart on the right looks it like some support showing up around .6740-6737. I'm anticipating a bunch of longs being pushed out around .6730 because that would the logical spot to have your stop. So looking to get long when everyone would be getting stopped out around .6729. I would have my stop just below that...
AFTER THE DOUBLETOP FORMATION. WE CAN SEE THE BREAK OF THE NECKLINE , WE ALSO CAN SEE A RETEST. OUR CONFLUENCES ARE DOUBLE TOP FORMATION BREAKOUT AND THE RETEST AND A TRENDLINE CONFLUENCE AND OUR FIBO. IT IS POSSIBLE EVEN TO BREAK THE TRENDLINE , BUT WE ARE NOT SURE IF THIS WILL BE A BREAKOUT OR A FAKEOUT
Oil just loves dem fakeouts... Great shorting opp here.
In my last post I presented a possible long position after what appeared to be an over reaction to earnings, but I also warned with a brake of the wedge pattern we could test the lows. After gapping down the following day, CHK rallied strong and put in a bullish reversal candle and followed it up with a continuation on Friday. So far the gap down appears to have...
Background: The downtrend is still intact , nevertheless price managed after forming a higher low to breach a downtrendline and form a higher low , price managed to break a resistance level @1.108ish* and therefore shows some potential to rise with the next res. level @1.135ish a former MP of an indecision level Signs of Strenght: Higher Low Broken...
I think that's the question on many people's minds right now as we come up against strong resistance and seem to be having trouble breaking $300. So far, the breakout pattern is still intact, but not without signs of weakness. $290 will be a key price level to hold if we are to continue the bull run. The market is showing signs of being overbought on the 3d...
A typical bull pennant with diminishing volume at the end. Whales might try to run the stops bellow 372 in a very sharp move. This trade idea becomes invalid once price reaches the apex of the pennant without any significant action.