XEMBTC (Positional Trade)
• I am holding this trade for a period of 3 Months. I can see a clear HH sequence forming (Green Dotted trend line). I see price is reacting right above the support and price is challenging the guy who started the move. But I presume that there would be some bearish sign on the trend line If that happens then I would be likely to do...
EI HOTEL ACTUALLY HAD A GREAT RUN FROM 102 LEVELS. AFTER THAT THERE HAS BEEN IN A CONSOLIDATION OR RANGEBOUND PHASE IN THE PAST MONTH OR SO. TODAY IT BROKE OUT WITH VOLUME IF YOU SEE THE CHART. RSI IS ALL SET TO GO ABOVE 70.
IM BUYING AT CURRENT LEVELS OF 139.70-140 AND ABOVE WITH A STOP OF AROUND 130 LEVELS.
TARGET WILL BE ABOVE 170 LEVELS . IL BE TRAILING MY...
Daily timeframe. Rebound from the 3 year down trendline. Waiting for a breakdown of the countertrend line and support. Stop placed above the previous price action high and long term down trendline. Target is the next support level and previous low. With potential further targets at 0.7351 and 0.7179.
REASONS TO SHORT:
1.THE BIG DAILY CHART V-PATTERN STARTED FROM LAST DEC. 224% OF XY WHICH IS 2193 HAS ALREADY ACHIEVED. PULLBACK IS EXPECTED.
2.RSI DIVERGENCE APPEARS
T1: 38.2% 2115
T2: 50% 2091
T3: 61.8% 2069
Horizontal movement this stock looks good for swing and position trades. Or as an option trade straddles and strangles. However one interesting aspect is that the OBV is in a trend upward, precluding an long run trend.
NZDUSD has been in a downtrend on the Daily chart for a very long time. We may be in the middle of another retracement giving us a great opportunity short into strength. This will be a Huge trade and would require a 350 Pip Stoploss. But the Reward is over 1,200 Pips. This is an excellent opportunity for a Position Trader as it will take months to play out.
monthly uptrendig intact
natural PB to lower extreme
seems that major pendulum swing has fullfilled its job, since the sinus wave looks completed
also the minor sin. wave completed
orderly former flow to the downside
pressing - major fish in the pond wants cheaper price to fill his bag
create panic - whale create...