NIKKEI is approaching our first resistance at 22346.7 (100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop to our major support at 21472.4 (horizontal overlap support, 61.8% Fibonacci retracement, 100% Fibonacci extension).
Stochastic is also approaching resistance and seeing a bearish divergence where we might see a corresponding drop in...
very overbought market on dollar cad.
rsi shows clear divergence.
looking left we see a nice rejection candle indicating strong bearish pressure around this area.
now we have a formation of a head and shoulders pattern.
wait and sell the retest of the neckline.
Initial target 1.344
Pound dollar is on focus.
We have a completed inverted head and shoulders pattern.
Buy the breakout of a neckline.
ATTENTION: we have a wide neckline so the breakout will be confirmed
when the market will close above 1.292
T1 - 1.296
T2 - 1.30
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Pattern: 1W Channel Up.
Signal: Bearish once the price makes a Higher High.
Target: Around -10% from where the Higher High is made.
*If 6.22990 breaks, close and wait for a new (quite possibly more aggressive) bullish pattern to trade.
Price broke down a powerful level 1.1178
The best scenario is to open sell after a pullback to 1.1160 - 1.1170 to minimize risk
I think that EUR/USD will continue down move to the next goals 1.1100 and 1.1040
- USDJPY W: Price has double topped at 112.500 and is now on its way down to possible 109.800.
- USDJPY D: After touching 112.500 price formed a bearish engulfing reversal pattern and broke through ascending trendline & 111.770 level changing...
We just shared analysis for the S&P 500 (SPX) based on the weekly time frame, this is a continuation of this analysis on the daily time frame.
Let's take a quick look now, feel free to hit like...
Here we will focus more on 2019 and leave 2018 behind. We marked the all-time high price with a brown dashed line.
The main signals I want to point out are the...
You could say we got the S&P 500 (SPX) charts completely wrong, or you could say we saw this one coming, that is completely up to you, you can check our previous analysis here:
In the analysis above, you can see that we mention the price moving to the all-time high before dropping...
Updated View On Hong Kong Stock Index (26 Apr 2019)
We are seeing the weakness of the recent bullishness momentum.
DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading.
Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account.