GBPCHF Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Price action at Resistance of Parallel Channel - Price action close to Another Horizontal Resistance Trendline - Widening gap of EMA - Fundamentally, uncomfortable to hold a Long GBP position because of Brexit uncertainty; to us, a delay in Brexit...
Made a quick decision to short #Litecoin | $LTC /usd! Looks like easy money. Are you in? We certainly are...
Quick, Simple, Analysis based on price behavior I've seen over and over and over. DXY Directional bias is bearish but we could expect a bullish Legg upwards, however I've learned Trends usually tend to keep trending in their direction until major support. So I would say chances are bigger UJ will dump since we went up a lot and DXY bias is still bearish for now.
After a month's amazing rally, S&P is OverBought (Yellow), as shown in "9 Seasons Rainbow Indicator", OverBought appears in 1H, 2H, 4H time frames. Similar situation appeared on Oct 2018, the difference is the time frame level with OverBought is higher than this time. In addition, S&P is touching the previous resistance. A pullback is coming.
Rising Wedge on RSI (bearish pattern). RSI Overbought (>70) in a bear market (short-term = bearish; long-term = VERY bullish). In the short-term, the momentum is running out. An RSI above 70 in a bear market in the long-term is a very bullish sign!!! There is also resistance on the weekly RSI.
So I was wrong, I overestimated BTC. I knew one thing certainly: That the weekly Stoch RSI would have to go into overbought zone again, because it hasn't been there since a far too long time. And that is indeed happening exactly as I thought. However, the way it is happening, is different: Not through a strong bounce, nay, but by going painfully sideways, with a...
Yen is ready to Short. We have Overbought condition on the Stoch RSI with strong selling volume appearing. Additionally, there is Hidden Bearish Divergence also present. Target is Oversold condition on Stoch RSI. Exit if Strong buying volume appears.
It's just a matter of time before $SNAP shits the bed... AGAIN! #SnapChat touching the 200 MA... R.I.P to all that go long!
$SOLO - Will HISTORY repeat itself?!? Only TIME will tell...
Hey Guys, Chart should explain it all, feel free to ask questions. Chears!
USD/JPY is on an upward trajectory movement with sustained pressure from the bulls. According to Murray math lines 110.925 is the overbought zone. We anticipate the zone to render selling pressure which could initiate a profit booking rally. Hence it could be a good entry point to initiate short positions.
Five waves complete for NYSE: $TWTR | #Twitter! Down we go...
A bear spread LEQ19-LEM19 has a good potential to grow. Enter 3,0 / SL 3,5 ($200/contract) / PT 2,0 ($400/contract)
URGENT: Past pick $HYRE forming #DoubleTop w/ #BearishDivergence! Starting to look like a GOOD PLACE to SHORT, however be sure to #LADDER in those orders at RESISTANCES!