Inside Bar
Time to Long SilverAfter a sharp rally $XAGUSD formed a inside pinbar. I just open my trade at 15.80 price.
Entry: 15.80
SL: 15.55
TP: 17.00
AUDUSD - many warn for a price fallOther warn today with this spinning top and this shooting star not yet complete on the green rectangle.
I think the bull force run out of steam.
Soon we will see the price fall.
S&P 500 short tradePresently a contrarian amongst other US Indices, S&P 500 presents a short technical trade set up. Please see annotated chart for details.
AAPL (Daily Chart) Looks bearish on the daily here even tho AAPL has been stronger stock as of late. Showing an inside day doji candle w/ a neg. close from the open which shows indecision to bearish sentiment. If strong stocks breakdown or leaders of the market then what does that say about the market in general? Could be an early sign of a retrace in the markets or at least a short-term retrace here. AAPL looks to retrace to around 114.50 which is near the 8dma.
EURUSD - Rising Wedge and a Right ShoulderThe recent rally in EURUSD has morphed into a rising wedge pattern with the H4 forming an inside bar . A break out from the IB's low set up of 1.12224 could see further declines.
The Head and Shoulders neckline support is seen at 1.1140 - 1.1120. A breakout below this could see the declines extend to 1.100 (round off from 1.098 - 1.096).
Short positions on breakout below 1.12224 with stops at 1.12570 offers a favorable set up with targets at 1.1180 (for the rising wedge), 1.1140 (neckline support) and 1.10 (min. target of the head and shoulders pattern)
Gold, showing weakness to the upside4-Hour chart in XAUUSD shows the head and shoulders formation after strong momentum led gain. 1340 is the line in the sand on the 4-hr time frame. A ' Close ' above 1340 will invalidate the pattern and further gains can come on a breakout above 22/09 doji high of 1342.56.
The doji inside bar on daily is currently forming indicating a potential building up of price momentum. If the head and shoulders is validated, by a breakout below 1336, then expect declines to 1331.13, marking the 22/09 doji low followed 1324, which completes the downside correction.
