GBPUSD broken below 1st standard deviation of weekly (120-h) mean amid expanding volatility, signaling probability of further downmove.
Traders can pick shorts below or close to the 1st st deviation (at 1.5580) with stops at the weekly mean (1.5605)
The trade will be confirmed if price falls below relevant lows at 1.5550.
Traders should also be aware of...
USDCHF has recently broke down inside the 1st st deviation from weekly (120-hour) mean, after a significant leg of upmove.
There is high chance of price tagging the mean now, as it needs to trade laterally now after the uptrend completion.
Traders can still catch up with it by shorting (preferably closer to the 1st st deviation @ 0.9680) in view of price...
USDJPY has broken out from the 1st st deviation from weekly (120-hour) mean amid expanding volatility (measured by 3.2 st deviations from the mean). Uptrend probability arises if the price holds tests at pullbacks.
Purely on technical basis, if price pulls back to the 1st standard deviation (at 124), traders can look for long positions with stop at the weekly...
Bitcoin has entered into an uptrend more than a month ago (June 16th 2015) and the trend held multiple tests since then, pulling back to the 1st standard deviation from quarterly (66-day) moving average.
Trades willing to participate in current rally should look for to pick up long positions at pullbacks to the 1st standard deviation, with stops at the quarterly...
GBPUSD Price is trading at the 1st standard deviation from weekly (120-hour) mean from below amid expanding volatility (measured by 3.2 st deviations from the mean).
Purely on technical basis, if price is to break out from the 1st standard deviation (at 1.5615), traders can look for long positions with stop at the weekly mean (at 1.5560)
Traders should also...
Throughout this entire year, USDCAD has been rallying which can confirmed on the larger timeframes such as monthly, weekly and daily.
I'm basing this trade based off of that momentum and on a simple trend-contination setup.
As you can see, price has been consolidating this past week and along with all the momentum n volume today coming because of greece, Im...
Seeing the way the MACD and MFI is acting, I would say there is significant risk to the downside. However if you are already long from the recent low, then I would probably look for a continuation of the more obvious trend
Could we see a retest of the recent large red candles midpoint? Possibly. And then either re-enter the bearish channel or chug through the...
I mentioned some points where I make my adjustments. I mean how I manage my position with tiers. When it is trending or regaining power I add to my core position but when momentum is slowing down (price drops below short term moving averages) I lighten up.
Check out my recent idea "cup and handle" to figure out my thoughts.
