A break below 156-ish is bearish in my opinion, and increases the likelihood that IWM will retest the bottom of its descending channel. In addition to that, the RSI is showing overbought conditions. If it breaks below the 156-ish level, I will short it via puts and look for a risk/reward somewhere in that area I noted.
Fundamentally, it all hinges on the Fed...
welcome to another free signal of WEEK 38 Nr.7
How to trade: Wait for the clean rejection of the trendline and the break below the green support-line before you sell!
Target 1: 0,68560
Target 2: 0,68385
The pair is in an ascending channel and bounced off sharply from its supportive trendline.
It broke a critical resistance of 0.74988 and is consolidating just above it.
Hence, we expect the counter to be bullish in the near-term.
I opened a couple new short positions on the E-mini this afternoon.
The E-mini has been in a channel since its initial gap down last night ... this afternoon it broke through that channel to the downside. Unlike the false break earlier to the upside, this one tried multiple times to re-enter but failed. In addition to the break below, it also came back up to...
Priceline of US Dollar / Swedish Krona forex pair is moving within an up channel and now hitting the channel's support.
MACD is strong bearish and stochastic is still not oversold so I would suggest to wait for MACD to turn weak bearish or for stochastic to give bull cross then take long position.
I have used Fibonacci sequence to set the targets:
Hello and welcome to my Trade Idea of the currency pair NZD/JPY.
Lets start with the Top Down Analysis.
Monthly: On monthly we see the trend is bearish. Especially the last monthly candle is very bearish.
Weekly: The weekly timeframe is bearish too.
Daily: On the daily timeframe we see a little pullback to the upside.
H1: On h1 we see a Up Channel with...
SHOP Has just been on a tear, my goodness. I had this move marked out when it was flagging, had my buy marked at 125. Got distracted elsewhere, missed the buy, and now have just been absolutely kicking myself over this. What a run. My best estimate for a target sits around 428. May buy a put option at that point if it does in fact reach it, but I obviously don't...
Have a look at the snapshot above for AUDUSD weekly TF. It shows the support and resistance levels represented by red horizontal lines. At the moment the price HIT 0.67000 level and is bouncing around near that level, suggesting a BOTTOM or The support has been respected (well at least for now).
The main chart, shows...
PLX broke below support last week, following its earnings.
If PLX won't close above support this week (which looks like it won't... but still about 60 minutes to the close), it will probably continue lower.
The next potential Buy Zone is near 0.18$
The chart shows that near 0.18$ we have:
- Completion of a bullish Butterfly pattern
- The bottom of a trading...
Price has broken the uptrend. The trend has changed to a downtrend. Trading in the downward channel. All levels and channel on the chart. The price breaking through the downward channel and fixing above it can mean a temporary change in trend.
Trend lines are drawn on the chart between support and resistance. The top trend line connects price highs. The bottom...
BAT is located at the bottom of the horizontal channel. Likely movement.
BAT is located at the bottom of the horizontal channel. Likely movement depicted on the chart. Very profitable and simple coin to trade.
Short in the last trading idea reached its...