The AUD/JPY Monthly time frame is in a large sideways movement. The market created a down ABCD swing from resistance towards support with a D extension price point 69.10 about +1,740 Pips bearish. The market is at a high price hitting a future resistance and showing great bearish signs. I'm sowing you on the Daily time frame where I plan to enter, because it...
TYHT Poised for an afternoon sell-off! Here is my set up and thesis: MACD stumbling around the average, The price is bullied up 30% today, well above 100 and 200 day MA's. RSI is showing overbought at value=70 Entry: 3.64 Add if goes to 3.7 SL 3.83 TP 1: 3.52 (40% position) TP 2: 3.45 (50% posiotion) TP 3: 3.23 (10% position) Good luck, happy Friday!
Lil retrace on the the EURUSD chart till the S1 and 61.8 fib retrace, I expect further downside movement till 1.165.
A good sell is coming for E/jpy, sell with big lot and thanks me later tho :) Tp2 can be: 129.600 BeratTp: 129.000
The GBP/USD pair gained rapidly during the day as Janet Yellen started giving her speech in Wyoming. We have broken above the 1.2850 level, and also tested and broke the 1.29 handle. That’s an area that could have caused a bit of selling pressure though,but the pair run and reached 1.30 level before succumbing to selling pressure. Because of this, I’m will only be...
Hey traders Here we have a potentially nice setup forming. Price has reversed within the 50.0% & 61.8% fib retracement. Price has reversed on previous structure formed earlier this month. Multiple lower lows and lower highs forming. MA lines have crossed showing a change in trend on the hourly chart. RSI has touched the 30% oversold mark previously but selling...
Similar to CAD/JPY this pair has increased a lot in 1 month by about 6% so with that being said my technical's are showing me that the RSI has hit overbought regions and the stochastic has now start to head down and with NZD hitting recent highs in nearly all majors & lastly it closed below the resistance line which has been around since 2015 and also...
Waiting for NZD/USD to break this Bullish trend line, and to test the backside of it. Entry would be right about (0.7275) I would place my STOP at (0.7325). My Take Profit will go all the way to (0.7068). Giving us about a -50 pip risk, but an award 4x the risk just around +200 pips! Follow the rules, and happy trading!
higher time frame is showing defined downtrend and exhibiting trend strength- using moving averages as dynamic resistance/ support -intermediate timeframe shows trend alignment to the downside and price pull back to short term moving average -looking for it trade to pivot low of 78.58 and breakout to the downside on intermediate timeframe -on the shorter time...
This is a great example of a chart that I would choose to sell an option rather than buy an option. Looking at the historical pattern of this stock, it is sitting in a nice range, so I will look for premium above 490 to sell. Stocks with higher implied volatility paired with weekly options make a great pair to sell options! Read why at www.shecantrade.com
DPS had a sharp decline recently & now seems testing its breakdown resistance. It has huge insider selling, we think it will continue its down move after adjusting to its Resistance around $94.43 * Trade Criteria * Date First Found- May 25, 2017 Pattern/Why- Short from resistance. Entry Target Criteria- Test the resistance at $94.43 Exit Target Criteria-...
NZDUSD WILL SELL 4HR CHART REVERSAL OF THE UPTREND