NZDCAD rejection a potential trendline on the bigger timeframe, tests it for the second time, market closed with a strong bearish candle on the 15M chart. When we see more bearish momentum showing up we can take it short to 0.9421. Decrease risk because of this strong 0.9454 level between entry and target. If it completes this pattern it's an double top pattern too.
ENTER 17.96 STOP 18.61 TARGET 10.84
Good sell opportunity with a shooting star at a strong resistance area. A good target would be 1.23000, and an initial entry with this shooting star would be good at the current price if it remains this way until the Sunday open.
Hi guys, i want to explain to you why i'm going to short this pair if price pulls back a little bit more. As you may know audnzd -0.12% has been moving upward without interruption: both in the daily and 4hr chart Rsi is in overbought condition, and this tells us that market is overextended and there's maybe some room to retrace and let the trend breath....
Hey guys, i wanted to share with you this setup for i've found lots of different clues pointing in the selling direction. As you can see in the illustration above we have: Cypher pattern (already completed), daily structure, an engulfing shooting star candle, a round psychological number, RSI divergence and RSI overbought condition all together in the same...
Hey guys, i wanted to share with you this setup for i've found lots of different clues pointing in the selling direction. As you can see in the illustration above we have: Cypher pattern (already completed), daily structure, an engulfing shooting star candle, a round psychological number, RSI divergence and RSI overbought condition all together in the same...
Hi guys, i want to explain to you why i'm going to short this pair if price pulls back a little bit more. As you may know audnzd has been moving upward without interruption: both in the daily and 4hr chart Rsi is in overbought condition, and this tells us that market is overextended and there's maybe some room to retrace and let the trend breath. Obviously i don't...
The pair is looking bullish in the bigger picture. This is a possible setup currently, but I am waiting for a trend line breakout to occur in order to trade the pair with a more rewarding setup.
By the end of the day, Friday March 3rd, we got this great signal. A shooting star. CAD has the tendency to go up around March, and this enforces our entry. We expect > 40 pips, without greed, but it could be above 100pips or even more.
Hi guys, today i want to share on my favorite kind of analysis: it is called CTS and it stands for Combined Technical Score. It basically consists on putting different clues together in order to rise the likelihood of each trade. You can think of it like being in the side of different entry techniques so that you're with the majority of traders. On the chart...
Hi guys, today i want to share on my favorite kind of analysis: it is called CTS and it stands for Combined Technical Score. It basically consists on putting different clues together in order to rise the likelihood of each trade. You can think of it like being in the side of different entry techniques so that you're with the majority of traders. On the chart...
Hi guys, i'm already involved in a CAD trade so i'm not taking this one. Nonetheless i want to share it with you so that anybody could take advantage of this opportunity and maybe get something out of it. Here we can see price is giving us different hints of its reversal. First, it's right in the previous resistance zone (where sellers are ready to join the...
Monthly perspective for a possible sell trade. Position trades are usually held for months and even years. Personally as I Swing Trader I don't hold trades this long, but it gives me more confidence when taking short positions on my timeframes.
VIPS is showing a shooting star pattern on decreasing volume, as well as RSI and MACD overbought signals. Enter short, setting stop loss halfway up the wick (13.75). Set price target at either the smaller 12.60 resistance level or the major 12.00 resistance level, if you're more aggressive.
$GM is currently trading at the top of its price channel and is forming a shooting star pattern on its daily chart. Furthermore, it's also forming a sort of "micro" head and shoulders pattern with the two previous channel highs. Looking at the hourly shows decreased volume, declining MACD, and declining RSI from yesterday. Combined this presents a very strong...
Beautiful shooting star for PETR3, PETR4, USOIL, PBR and PBR.A. Check it out
SHORT TERM POSITIVE STX broke out in July 2016 and again yesterday on the back of stronger than expected earnings. The volume on breakout day (7.8x average daily volume) makes it a very significant move - One of the main invitations to buy the shares even after they have propelled upwards. Yesterday's shooting star could be construed as a bearish reversal, but it...
Confirmations: -shooting star candle -doube top pattern -harmonic move (AB=CD) -RSI overbought -good structure