1) Expecting a pull back into Daily resistance zone @ 113.847 2) If Daily resistance zone @ 113.847 holds + break of trend line expecting shorts to lower bounds of the range @ 112.35 3) Downside target ~ Support zone @ 112.354 4) if downside target @ @ 112.354 is achieved and broken will watch price action in this zone for further shorts towards 110.939 zone
1)Price failed to break and close above resistance zone @ 0.99040 + triple top formed @ 0.99500 zone 2) False Break and retest of descending price channel 3) Daily support broken @ 0.98402 zone 4) Previous Daily candle closed as an bearish engulfing 5) MA's spiralling to the downside adding confluence to bearish momentum 6) A break of the trend line will...
1) Double top formed @ Daily resistance @ 109523 zone 2) Downside shifts in MA's 3) Previous/ most recent daily candle closed below resistance level @ 1.84228 zone, if zone holds + next daily candle close below zone will warrant further shorts. 4) Target 1 @ 1.80041 5) Target 2 @ 1.76786 = Daily support zone giving extra confluence
Depending on the outcome of tomorrow's FOMC we could get a solid correlation setup between GBPUSD and GBPCHF. Of course we would need to correct setup along with our algorithm to trigger a trade.
We will be watching to see if GBPUSD can regain its bearish momentum before the Fed announces interest rates on Wed. Although the street does not anticipate any move by the Fed, they may give a hawkish tone and if so that should add fuel to the short side. With that said we will be looking for a close below the short-term trendline on the hourly chart along with...
Oversold RSI combined with 0.5 Fib Retracement and Extention Strong past structure at that level + could be viewed as support level of a trend which started in late 2013 Brexit effectsdisappear, hopefully!! GL
200 Ma is holding as good price support hence, expecting price to pull back and test daily resistance @ 0.78019 zone before continuation of downtrend and break of trend line for short positions for a lower low to be formed. If we fail to see a break of the ascending trend line and resistance @ 0.78019 zone is broken we may see upside movements towards 0.79000.
#CADJPY the lower highs indicate that this pair is going through a down trend. The EMA is a major confluence with regards to downside movement as the 7 EMA below the 50 EMA indicate that the market is in a long term downtrend, this is followed by the 3 EMA being below the 7 EMA which indicates that the market is in a short term downtrend. The short long term down...
WFC has been unable to gain 50.5-51 resistance for months now, and the chart may indicate that it is time to retest lower. the last weekly level retest was 44.59, which bounced strongly and reversed. if 46.6 is lost, we should look towards 43.2 for next support test. Lower still is 41.65 and 38.03 as well as others, but these levels may not apply for some time
Took a multiple lane set-up with compression on the bollinger bands. Used the 5ma as the trailing stop.
Daily chart update of twitter.com #MedianLine
The pair broke weekly TL which held since 2014 , and has retested. Now we can see clear market direction to the downside this is confirmed by MA crossover to the downside and a break of daily TL. Target 1 @ 1.292261 , Target 2 @ 1.282262 A lack of clear market direction has resulted in less analysis from us , when market conditions are not clear sit on your hands...
VIDEO: www.youtube.com CYPHER PATTERN PAIR: AUD/USD TIME-FRAME: 4HR TRADE: CYPHER PATTERN If we can get a push down on the AUD/USD Then we can look for an opportunity with a potential bullish Cypher Pattern. NOTE: These are potential trade opportunities. Please re-analyse the trade before executing. Star Prosper Philip Stewart ...
Dow finding bottom, if the dow break the orange weekly support expect to head down further lows big times. I am more bearish because of the fact that rend has broken 3 times if the Dow, Or can ultimate bottom for a while then continue lower, as of now a slow down is significantly undeniable, unless we have a panic. and break critical weekly lows..