WFC has been unable to gain 50.5-51 resistance for months now, and the chart may indicate that it is time to retest lower. the last weekly level retest was 44.59, which bounced strongly and reversed. if 46.6 is lost, we should look towards 43.2 for next support test. Lower still is 41.65 and 38.03 as well as others, but these levels may not apply for some time
DRE has been in the news as a strong performer in the recent months, and has outperformed the S&P on a larger time frame. Zooming in, we can see a small HNS on the 15min, that should bring us to test the red longer time frame trendline. This is a great spot for a long again around 24.55 to see if we continue to the upside, however, if this breaks, shorting down...
Many confluences to the the downside, Very strong short opportunity which could yield yearly returns. Reasons fro the trade are shown on the chart! Please like or comment.
Price broke a corrective structure and came back to retest it giving us a good opportunity to get short here.Good risk to reward ratio and first target is 1.27 extension and the next target would be 1.618 extension.
Shorted GBP/AUD based on the following reasons: - Not able to break above 50 fib line on daily - Beak and retest of 2.03 level - Bearish engulfing on Daily Caution: This might be a fake out and we could possibly just be re-testing the broken descending trendline in which this trade would be invalidated i.e. the trade would be closed if PA turns bullish.
Note : Unless some macroeconomic news affects banking sector, SBI has good potential to move up in coming weeks as most of loans written off & market has adjusted to that. But Jun 14-16 with Fed meetings markets can react , Feds always do what they think right not what needs to be done. The zone marked above has been tested 4 times, so I am expecting it will be...
Continuation of Previous Idea : We have two Bullish cyphers formation and one of them is hidden in bigger cypher. This is just trade idea, so both long and short trade scenario's are described. If you are trendline based breakout trader wait for valid breakout of Trendline (Short Nifty) Pattern Traders can seize the cypher chance. (Long Nifty) Nifty is...
Price is raising up towards our region as expected and I will be going short here with my stops above the double top Not describing in detail bcos market is very near to our zone & we may miss trade chance. Happy trading
Note : This is continuation of previous chart posted If you want, breakup targets and book some positions inbetween 1200 - 1210 Happy Trading !
GBPUSD is in bearish trend for sometime so we are expecting a movedown as trend continuation trade. There is another part of GBPUSD analysis done based on daily chart in higher time frame, this is breakdown of the same analysis and shown how to enter in Hourly basis. We are bearish in GBPUSD, so keep this in your radar, check your plan and enter the trade Happy Trading
Bearish Alternate Bat PRZ on the retest after initial break of channel. Could be weakness here.
Hey guys! Found a good retracement back into the resistance level inside a channel! Good short all the way down to the end of the channel maybe? Good luck guys! Let me know how it turns out! Oh yeah! There is a volume divergence on the 15 min chart! Just more info to give a clearer picture :)
PRO'S - Recent head&shoulders pattern - Retest of neckline after head&shoulders pattern (green line) - recent retest and rejection of monthly trendline (red line) - bearish MACD divergence - Stoch RSI signally oversold on monthly chart Trade fits my trading style to enter short. Targeting 0.74000 for roughly 4% profit, always risking 1% THOUGHTS ON THIS?
-NEW SIGNAL- Night trade. ( Small risk trades ) Date 23.5.2016 Time: 0:45 GMT +1 Pair: GBPAUD Sell limit at: 2.01048 ( 52 pips ) Stop loss: 2.01700 ( 63 pips ) Take profit: 1.9800 ( 300 pips ) Risk reward: 1:4,7 Our risk: Touch trades = 0.25% Possible nightly spikes. If trade will not be open in 10h cencel it.
it seems that we are attempting to breakout of the channel. sadly we cant find a perfect trendline for this channel so the trendline that im using is an aproximation of all swings and what fits them the most. thats why I wanna see the market a little higher first before and I will probably still sell the gartley due to the market being so downtrendy recently....
Here we have the daily chart following the monthly. This chart clearly shows the retest of long term Counter-trendline and also rejection off the 61.8% fibonacci level. Waiting for the daily TL will provide the optimal risk:reward to go short.
Here on the monthly chart for Crude oil we have a clean retest of the long term broken counter-trendline after a break and pierce through the 30.00 level. There is also a daily 61.8% (golden ratio) retracement which adds to my short bias.
last time we reached this area i already posted an idea (link below) that worked out. now we retested this area once again. i didnt go short right away since an extention beyond the white box couldve also been likly - in an abc type fashion - but now that we formed a doubletop im onboard looking for shorts. first scenario would be seeling some sort of neckline...