The bullish run for the markets appears to be slowing especially as the impending interest rate hike gets becomes more of a reality. Some bearish signs are especially prevalent for QQQ, as we see a relative vacuum area from below and lots of room before we hit any resistance from the Ichimoku cloud. Moreover, the RSI, MACD and OBV all indicate an unfortunate...
GBPCAD looks to be headed south, with a potential weekly time at mode downtrend in the making. The price action supports this thesis, and we apply the ichimoku cloud indicator, the chart comes alive. Ichimoku paints a very bearish picture, confirming my bearish bias. There is clear rejection after crossing the cloud down and retesting it. After this, price shoots...
BTCUSD looks like it might rally here shortly. We see some strong resistance from below via the Ichimoku cloud. The OBV indicates strong buying pressure still. The MACD and RSI are right in the 'sweet spot'. Moreover, we have somewhat higher lows and a double bottom formation. The Fibonacci retracement indicates some nice profit targets, otherwise we can use...
AT&T is a terrible, clandestine company and they deserve to fail. This is not the reason I am shorting them, however. Since the downgrade on 10/09 the stock seems to have trouble achieving and maintaining new levels. Furthermore, the Ichimoku cloud indicates some resistance from above at 35.63 or so, there is a lot of room to spare before we reach that level. ...
Lower highs on the day chart note that the GBP is struggling to maintain footing. Further, the strong resistance from above by the Ichimoku cloud casts doubt on any bullish rallies. The RSI and MACD indicators suggest that this is an optimal time to enter a position. The Fibonacci retracement gives us some profit targets and stop losses, as well as a level at...
GBPUSD hitted major downtrend. Short position better now. Looking for 1.5300 as next target.
The Gold/USD price has shortly exited the 1 day kumo cloud and has started to head down and is currently below the Tenkan - Sen (red). A high of around 1141 was tested and since then the price consolidated and was unable to make new highs and have a strong breakout of the kumo or the trendline. The RSI was at similar levels when the price peaked at 1228 and 1205 ....
Drawn S/R horizontal lines on W1 very strong levels coincide with diagional ray and key Fibonacci levels. Fib retrace shows 23.6% reversal occurring, Ichimoku suggesting a bounce off kumo - Channel Commodity Index reverse also respecting diagonal channel. First target 0% on Fib retrace, trailing stop from then on - Stop based on historical kijun-sen flat...
GBPUSD in a up trend. 1. Take long position while stochastic turning up and the price close above 1.5620 with TP 1.5740. 2. Take short position while price close below 1.5600 with TP 1.5530
Bias: Bullish Toward Channel Top Near 127 Point to Establish Long Exposure: Into Ichimoku Cloud in the 122.18-123.06 region Invalidation Level: Channel Low & 100-dma 121.55 Target: 127+ The JPY has strengthened vs. the USD ~0.5% on the weekly open after China's Shanghai Index dropped 8.6% to open the week. However, the risk-off sentiment seems to be...
I like to go short, I find the best trades I take are shorts, not sure why, but it's true. Here we have 3 short opportunities, which are linked by correlations. The NZDCAD ratio chart, or exotic pair if you want to call it that is offering us a nice trend continuation opportunity. I will use this as a way to hedge my exposure to a more aggressive and more of a...
I'll open a pair trade to minimize risk in my GBPUSD long setup. There's a weekly sell opportunity in the NZDUSD chart, which will give me a relatively low risk entry as per my analysis that gold isn't done falling, and that NZDUSD (and GBPNZD will resume the trend they are in). Position size is based on the ADR figures for both pairs, risking 2% and aiming for...
50% Fibonacci from Monthly timeframe 200MA Lower BollingerBand 2 different channels Support from Chikou Span
Trade is consistently conforming to the trend, pushing down through Ichimoku Cloud, MACD showing uptrend on bounce between channels.
Bear Wolf near SR level. SR level only can be seen in Weekly TF
Bearish Wolfe Wave formed near SR level.
Currently USDCAD has broken through resistance and support at 1.236 is currently holding. The price is also over the cloud so I see this as a good opportunity to take a low risk trade with potential for a big profit. Entry: 1.24196@ Target: First TP 1:1 R/R and position 2 I will close on a bearish candle. Stop: 1.23622
Demand for the US Dollar revived at the beginning of the new week ahead of the US labor market release. The figures came out surprisingly strong: May NFP equaled to 280K. What’s more, average earnings growth index overcame the forecast, rising to 2.3% (highest since 2009). The data increase expectations for a Fed’s rate hike at the coming meetings. Growing income...