AUDUSD is currently trading in a defined range that has been in play of a while. Price is approaching the the support line of the ranging market as well as the 50 day and 200 day moving average . Stochastic RSI is also in oversold territory. Wait for price to move lower towards the 50 day and 200 day moving average and buy on the bounce. Profit target should be...
Hey guys! Aussiejap possibly in a ranging downtrend. Looking for a move up to 86.72 confirmation then shorting on that resistance target profit being the daily support at 85.5
Gold appears to be in a corrective state from a large bearish breakout. The 61.8 Fib level at 1220 should hold as support whereas the 38.2 level at 1250 will act a resistance. I see an upward break of the ascending trend line coming after the first test of 1250 before a retest of 1220. The 2nd Test of 1250 will prove critical, a break above and the bearish trend...
Hello guys! happy new year. UK100 indice is printing a nice range here and as we can see, it's at a very important point. Break or reversal? Our 2 most important questions. AS usual, we're not the one to decide, so let's watch it and see what the market will decide in the next coming candles. As for a personal analysis, I bet for a reversal. Price is at the...
Hello everyone, we can see a kind of breakout of 1.45 level, is it false or pullback for a continuation? I can't tell. I need more signal to decide about which direction to take. For now it seems coming back into the channel. if so, I will go short and target the support level for TP, SL somewhere near 1.46 Notice, this level have been holding price for a very...
EURGBP is currently range bound. i am Awaiting a break out either side of range on the 2 hour to initiate either buy or sell trade. Downside targets would be a test of lower trend line around 0.826-0.82500 area Upside targets at 0.85000
Entered a short stop order at 0.83887 with TP at yesterday's S1 fib level (might adjust TP to the other day's S1 fib level or enter another trade for the 2nd TP), and SL near base pivot line. This is in line with current weak sentiment over EUR because of yesterday's ECB news about QE extension, though based on higher timeframe charts, it's more likely that this...
The sideways trade since March 2015 represents the longest period of range contraction since the inception of the euro. Even afer the US elections, the trend remains the same and expecting the Dec 16 , Rate hike by Feds, it might break the major support line which goes as deep as March 2015.
Congestion should be due to the expectation of major market movers. If we do not have clear breakout signals with NFP, it is recommended to wait for the day of Tuesday, November 8, the US presidential election.
Yesterday's Short @ 52.10 produced > 60 ticks of profit. These are today's levels:- Long @ 50.60; Stop: 20 ticks, Target: 60 ticks Short @ 51.90; Stop: 20 ticks, Target: 60 ticks
Technical First off, I do not suggest shorting companies based off fundamentals. I believe there are 17 pure short hedge funds out of 10,000 or so that run a fundamental short book. I have no edge over them. H/T FT Alphaville podcast with Jim Chanos, great listen. This is purely based on technicals. The trading range, as I see it, is 92-120. Strategy- sell 120...
Expecting "intraday" price action to range between 2144.00 and 2164.00. Short @ 2164.00 area. Stop: 12 ticks; Target: 36 ticks or more. Long @ 2144.00; Stop: 12 ticks; Target: 36 ticks or more. NOTE: This is a "counter-trend" strategy.
Expecting "intraday" range to be held between 47.70 and 49.40. These are NOT predictions of price action but levels from which to anticipate a correction to the prevailing price movement. Suggest Long @ 47.70; Stop of 15 ticks & Target of 45 ticks. Suggest Short @ 49.40; Stop of 15 ticks & Target of 45 ticks. NOTE: This is a "counter-trend" strategy.
Looks to be some leveling off of price from the year long down trend. These big trading ranges can nab you 500-700 pips... just wait for it to start to take off and break the Red SuperTrend v1.0 line. Use a small position and just forget about it for a couple of weeks. Insta-Pips!
Expecting price to range between 46.70 and 48.05. Short @ 48.05 with 15 tick Stop & 45 tick target. Long @ 46.70 with 15 tick Stop & 45 tick target. Intraday traders could use these levels as profit targets for multiple entries.
Expecting price to range between 2132.00 and 2161.00. Short @ 2161.00 with 12 tick Stop & 36 tick Target. Long @ 2132.00 with 12 tick Stop & 36 tick Target.
Expecting the DAX 30 to be range-bound between 10417.0 and 10625.0. Shorts: 10596.0 & 10625.0. Longs: 10417.0. RISK/Stop: 15 - 20 points Target: 30 - 40 points or more. Strategy involves waiting for price to approach Levels and to place reversal trades at those levels. It's counter-intuitive, so most traders will find this strategy hard to swallow! There are...
These trades are suggested for the EURO session only. If price spike UP, Short CL from 45.30 with 15 tick Stops and 45 tick Targets. Conversely, if price spikes DOWN, Long CL from 44.15 with similar Stops and Targets.