NASDAQ 100 Index of US listed shares GONE SHORT Sentiment changed at the end of last week and that sets up for a renewed run in equities. But just how strong will this move be? The chart does show the RSI in technically overbought territory. But there is a saying in technical analysis, overbought can always get more overbought. *Tensions with North Korea...
Hi, pound has been really strong over the past weeks, it's a bit risky to trade against it but i cannot help but make my usual analysis and trade it. The daily structure is represented by the blue box, plus the RSI in the daily is way overbought. So this is what i'm looking for when i seek for a reversal: as we go down on 4H timeframe, you'll se a nice divergence...
Hi, pound has been really strong over the past weeks, it's a bit risky to trade against it but i cannot help but make my usual analysis and trade it. The daily structure is represented by the blue box, plus the RSI in the daily is way overbought. So this is what i'm looking for when i seek for a reversal: as we go down on 4H timeframe, you'll se a nice divergence...
Hi guys, lately price action didn't go in our favor. I apologize to you if you did take some losses because of my charts, but one of the hard part in trading is to keep using the same methodology (proven to be valid) over and over again, without sabotaging it. So here we are with one of the usual structure plays on the chart. As you all see, euro has rallied a...
Hi guys, lately price action didn't go in our favor. I apologize to you if you did take some losses because of my charts, but one of the hard part in trading is to keep using the same methodology (proven to be valid) over and over again, without sabotaging it. So here we are with one of the usual structure plays on the chart. As you all see, euro has rallied a...
Hey guys, this is the 4hr chart on GBPNZD. The yellow box i've drawn comes from the daily timeframe and it represents the structure zone that i'm paying attention to. Now, as soon as price entered the zone it found immediately some troubles breaking through, and you can say that simply by looking at the wicks. Actually, it has formed a nice double top, with RSI...
Hey guys, this is the 4hr chart on GBPNZD. The yellow box i've drawn comes from the daily timeframe and it represents the structure zone that i'm paying attention to. Now, as soon as price entered the zone it found immediately some troubles breaking through, and you can say that simply by looking at the wicks. Actually, it has formed a nice double top, with RSI...
I’ve been keeping my eye on an advanced pattern formation that began forming on 4/10/2017 following a 70% retracement of a previous bear trend that lasted about 8 days. It was unclear if this was indeed an advanced pattern until price formed a BC leg, this occurred when price bounced off of previous resistance around 1.065 and then found support at 1.06. The...
Hey guys, today i want to show you the power of candlestick combined with structure. Here is the 4H chart on AUDCAD, and the price is coming back to retest the 618 level of the bigger daily impulse; this level also lines up with a structure (that you can see if you scroll the chart). With this two level i was able to draw a box where i can search for shorting...
Hey guys, today i want to show you the power of candlestick combined with structure. Here is the 4H chart on AUDCAD, and the price is coming back to retest the 618 level of the bigger daily impulse; this level also lines up with a structure (that you can see if you scroll the chart). With this two level i was able to draw a box where i can search for shorting...
Hey guys, i know what you may think, probably after one day like this for the pound you wouldn't even consider a shorting possibility. However, patterns are always repeating, and our job, as techincal trader, is to find those patterns and keep trading them. So here on the daily timeframe on the GBPCHF you can see that the today's rally has brought price up to the...
Hey guys, i don't usually trade in these lower timeframe, but this time i think it could be a nice level to short. The blue line represents a previous level of structure, and price has created new lows breaking through that level. So i'm thinking it could turn into resistance and hold the price's rally. Stops above X, targets as usual for harmonic patterns. If...
Hey guys, i don't usually trade in these lower timeframe, but this time i think it could be a nice level to short. The blue line represents a previous level of structure, and price has created new lows breaking through that level. So i'm thinking it could turn into resistance and hold the price's rally. Stops above X, targets as usual for harmonic patterns. If...
The JPY pairs have been great for us in April (and there goes the Jinx) and after allowing for some relief I'm now looking for areas to hop back on the short side. The EURJPY is currently approaching a Killzone & has recently gone from an over sold to over bought swing. I'll be paying close attention to price action & looking for a potential move down to the...
Hi guys, this morning we could have a chance to get involved in this trade. Now i'm going to explain you why: first of all, the big yellow box represents a daily structure level, this level happens to line up pretty well with the 618 retracement of the bigger daily leg. In this cases i seek for trading opportunities down on lower timeframes: on the hourly chart...
Hi guys, today i want to bring you my view of gold. It's been in a recent uptrend and it's creating new highs but i think this could be a bigger retracement of the downtrend in the big picture (weekly). By using a simple AB=CD harmonic pattern and two Fibonacci levels i've managed to create a small reversal zone where price actually is right now. Here we have two...
Hi guys, this time we're going to take a look at the pound dollar cross; as you can see price has formed a nice double top at a previous structure point in higher timeframe (4H) with RSI divergence (bottom of your screen). I'm not taking this because i'm already involved with GBP pairs so i don't want to be overexposed, but i think this could be a nice...
Here i left a 4 Reasons to take this trade . 1) Downtrend 2)Bearish Bat 3) Doji 4h Candle 4) Rsi Overbought I hope that you have a nice week and a profitable month .