Using bearish divergence to build a case for reversal trading on USD/CAD with the following favouring a potential short scenario:
- resistance (3rd touch) at ~1.2800
- bearish high test close below resistance
- price reaches and closes below 1.272 Fibonacci extension
level
- Stochastic and RSI bearish divergence
entry - below low of high test
stop loss -...
As I told my Syndicate members last night, although we’re at a minor level of structure, double bottomed at that level (LTF) and are currently putting in a 2618 on the Euro, I have no intentions of buying. It’s not a Greece thing, or the fact that I’m scared to pull the trigger after yesterday’s losing trade. It’s simply because I have no real place that I would...
@TradeYodha
TradeYodha.com
#EURUSD Long and Short Ideas
Analysis
1. We are in correction leg at the moment of a bearish move.
2. Possible ABCD pattern formation
3. Target 200 sma for short target
4. At the completion of short we can look to go long
Targets/Trade Management:
1. 2 Targets for short
2. 2 Targets for long
@TradeYodha
TradeYodha.com
#EURUSD Short (200sma, ABCD Pattern, Fibonacci Extension)
Analysis
1. Previously Weekly Structure Zone
2. Fibonacci 61.8 confluence with 200sma
3. Fibonacci extension 127.2 perfect confluence with 61.8 fib level
4. ABCD harmonic pattern in the zone
Trade Management:
1. Two Targets
2. First target completes at 1:1 R/R ratio
3....
If you are seeking the answer why has the SPX500 stopped at this strange area and stucked, I got the answer :)
The golden number is a key this time as almost always in technical analysis. This two lines corresponds with 1.618 of two different market moves:
2120 is the level of 1.618 extension of the previous bull run ended in late 2007
2072 is the level of 1.618...
#USDJPY Short Idea (Structure, Fibonacci)
@TradeYodha
TradeYodha.com
1. Is Daily chart showing us a possibility of H&S (Head and Shoulders) forming?
2. on 4H zone we have 200sma. The price has closed above 50sma so the next target can only be 200sma
3. 200sma is in an important area where there is a lot of fib confluence indicating formation of advanced...
#EURUSD Short Idea (Fibonacci, Structure, 50sma, Harmonics)
1. Daily Chart showing price may get attracted to 50sma (it may ultimately be forming Gartley to retest 1.2000 level)
2. on 4H:
a. Price has already hit 61.8 level but has closed above 200sma. That shows that it has potential to higher than 61.8
b. The next level of 78.6 has high fibonacci...
This is a study of using the Fib Speed Resistance Fan to time a new breakout of gold price action. Fans of fib fans, I'd love to hear your thoughts.
(Retrospective study. I did not trade this)
@TradeYodha (TradeYodha.com)
#GBPCHF 15min Short Idea
Reasons:
1. Previous structure with spikes
2. 50SMA lagging behind on 15 min that should attract the price
3. 10sma lagging behind og higher time frame i.e. 1 hour that should attract the price
4. FIB 1.27 extension in zone
5. possible harmonic move
6. retracement expected
Must wait for confirmation before...
Case for entry short:
bearish doji bar close;
retest/rejection of resistance at ~1.5025; and
0.618 Fibonacci level rejection and close below
entry - below doji close
stop - above doji close
target - ~1.4830 (weekly support level and also 1.272 Fibonacci extension level)
On the monthly chart, the US Dollar Index has soared without a pull back since May 2014 leaving questions for a possible future retracement. Approaching the 1.618 Fibonacci extension (~101) and previous key resistance at 103 is a price region where the effect on price action behaviour will be of significant interest from a technical perspective to witness a...
Price has formed a potential symmetrical triangle which indicates price is being squeezed and funnelled into this geometrical pattern. A strong bearish momentum previous to this pattern indicates that a breakout to downside has a higher probability of surfacing compared to a breakout to the upside.
There are 2 possible entries:
1. Fresh Supply @133.655
2. A break...
#USDJPY Daily Butterfly Pattern Short Idea
1. RSI divergence showing up on 4H indicating slowing momentum but is not double top
2. round number 122.00 confluences with fib extensions
3. Price is not oversold yet. There is still room for upward movement before it hits the zone
4. 50SMA can give us our first target
Hope this give you some useful ideas, don't...
@TradeYodha
TradeYodha.com
EURJPY 4h Long Opportunity
1. Cypher Pattern Completed
2. Price oversold
3. 161.8 fib extension confluence in the zone
Beware of 130 round price level. The price is probably going there to test that level. Wait for confirmation.
Hope this give you some useful ideas, don't forget to hit the like button :) Thanks
Remember- Plan your...
@TradeYodha
TradeYodha.com
AUDUSD Short Opportunity
1. 38.2 retracement level confluences with retest structure
2. FIB extension 161.8
3. 50 SMA in the region
4. RSI divergence showing a possible upside
There is a descending triangle formation which is usually bearish. So I have low level confidence in this trade.
Hope this give you some useful ideas, don't...
