Divergence in macd and sell signal, rsi breaking trendline, price breaking trendline. Target 618, from where we come!
After the 50 pip winner we had on the CADJPY bullish bat pattern yesterday we also have another potential bat pattern on USDJPY but this time it's a bearish bat pattern. We will be looking to sell this pair once the market get's to 122.12. We also have another bearish trade strategy setting up on this pair as well and I will be posting shortly how I'm gonna be...
The S&P500 is at key graphical resistance (line linking the tops) and standard Elliott Waves targets. RSI-14 Daily is at resistance also. A break below the line linking the lows since August would validate the bearish count towards the 175 area on SPY. A daily close above 207.35 would invalidate this view.
If you zoom out on this chart you will notice that the market has rallied out of a bat pattern and returned to previous structure. You will also notice i have highlighted a potential reversal zone in blue, and from which we can assume that the market, as usual, will respect structure, and return to structure lows. Here i have two patterns suggesting a reversal in...
as you can see i am short since the last top. The pair have been bullish since 4 years ago. not because of the strength of the NZD but for the weakness of the CAD. you can see the pair didnt make a high higher so the up trend is getting weak. Theres is a posible formation of a double top pattern. Any ways the price should go to the trend line. is a good trade,...