The EURJPY had been in a bearish trend. The Yen had been bid due to safe-haven flows thanks to Trump and China trade war. I also believe what is happening in Hong Kong does play it's part as well. Retail sentiment generally bearish on the Yen. The first thing happened after the Sydney open was price managed to break below and closed under last Friday's low...
If you have followed our previous plan to scalp gold on the short side you would have closed your trade from 1542 at 1530. We traded off the supply zone that is marked in blue. However, now we have tested the zone for the third time. Generally speaking, the more price tests supply/demand zone the weaker the zone gets. If this holds true today then we may...
USDJPY approaching our 1st sell zone where we would enter our first short. In our view, the zone may not be as powerful hence we would not hold that trade for far too long. Next sell zone is way up high. Will monitor this as we approach the first sell zone. All sell zones are marked in Red.
another cycle of "sell in May and go away" with Sept / Oct being the worst of the returns that make this axiom a solid and trustworthy one. Ichimoku Cloud and RSI divergences support this idea too. Risk seems to be peaking, and Risk/Reward is now well within acceptable ranges with SL1, SL2, and SL3 positioned wisely. Going into the autumn seasons when traders...
Avadel Pharmaceuticals Plc engages in the development and commercialization of pharmaceutical products. It offers Bloxiverz, Vazculep, and Akovaz. The company was founded on December 1, 2015 and is headquartered in Dublin, Ireland. SHORT INTEREST 6.53M 07/31/19 P/E Current -0.85 P/E Ratio (with extraordinary items) -0.80 Average Recommendation: BUY Average...
Looking at recent structure, we can see the price are creating a new LH which align with previous based as well as 50% fibs level. therefor give us a chance to go short. _________________________________________________________________________________________________________________________________________ Traders! if you like my ideas and do take the same trade...
RISK 1:13 REWARD!!! What is my entry criteria for a NZDCHF LONG? Reason: Met my rules to confirm a Bullish Trend. This is my final chance entry to get long on this pair, with a high Reward to Risk this may not play out but overall it is a profitable strategy that I will continue to implement. Confluence: RSI We are not quite oversold on the daily as we are...
At this level, it looks like a great thing, However the volumes on the table are not so great as to expect much to happen right now.
I explain why this is shortable - in a particular methodology. This is not a recommendation to short. If you short and lose your money kindly sue yourself. I explain the risks. No risk - no gain. End off. Your stop-losses must be affordable.
Hello all - DuncanForex.com here with another trade idea As per my Gold short trade - I think USDJPY is ready to head a lot higher. (see related trade below) On the monthly chart it printed an amazing pin bar (back in Jan) It is now at the 61.8% retrace level (just under it by about -60 pips (on a weekly chart) I think this could head up to 115 level easily...
$CUR Great risk/reward here! Loving this oversold setup! SL: 0,2502 TGT 0.6ish nearterm
Possible plan for sell stop order moving down. Still a very bullish market so not advisable. For the risk takers out there.
US fundamental on CPI remained unchanged, this was a pivotal macro indicator which large investors were waiting for, sentiment, therefore, remains more at ease, from a technical perspective price tapped a key liquidity barrier however we rejected this zone with an evening star reversal pattern then a 4HR bearish engulfing candle closing below a minor trendline...
The price is finally over the key dynamic support identified by the EMA200 weekly passing for $ 1269 an ounce. So now the support at 1324 dollars is a key level in the very short term. It will drive the price to the first significant increase in trading volume. It could reach directly the support at 1299 or the second resistance at 1348. Basically the most...
PayPal broke to the downside, then bounced up on a strong upside market day. However, the gain of the bounce is weaker in volume and price pattern than the previous downside black candlestick. It has weak support to the downside all the way to the red line.
Waiting on Japanese session reaction to GBP pullback. (PatiencePays) If there is a breakout off the downward wedge (Long position) Take profit 1: 140.000 (Resistance & just below 50% Fibonacci Retracement) Take Profit 2: 142.650 (fibonacci Retracement 61%) Fundamentals affecting decision: Long Position positive news on trade war negotiations and continuation in...