XAUUSD ShortTrend is fading and volume doesn't support higher prices. So far the channel is thinning as well.
This is not fancy but a simply 1 day chart.
What I have learned that trend and volume should never be overlooked.
One can scalp up and down using the channel or short everytime it hit the upper channel line since more likely for a downside.
Support seems to be at 1199.910- so that's quite a bit far.
Short-trading
"HTZ" Big Monday Mover "Earnings Report"Ignition sequence for HTZ. Whether the trajectory is up or down is the question on the traders mind. Everyone knows that hertz is and has been an abysmal company with improper management since mid 2014. Not only has the stock been unfruitful, but the stock is going to announce their earning report today. At the moment, the stock is in a slow agonizing downtrend. Carl Achan was a crucial billionaire investor and held major stake in the company. He recently sold off his portion as he knows that there is little hope for this dying company, which will only compound Hertz's morning Monday loss. I have created a simple support and resistance on the 15 min candle. I would advise shorting the stock once it crosses the support. If it does, a surge of sell orders should be pouring in, and possibly we can sap up some nice earnings before we have to see another hertz driving around. Happy trading!!!
Thank you for your time.
Insta @zillionare_zone
UsdJpy waiting for Sell ConfirmationWe've recently seen UsdJpy rally like crazy. It has now stopped at the Daily Key level. a distribution triangle has been formed and now it is moving sideways on the lower timeframes. We are waiting for a flag pattern to form to be able to get a big bearish move.
Anyway, we are on holidays and the markets will be acting strange as the New Year is coming. No big risks will be taken on this trade.
Merry Christmas to All !!!!!!!
BRENT OIL You can see the proportions of the chart in the latest bearish rally.
Overall BRENT OIL is in a massive bullish rally. Next question is: are we on a goot timming to jump to the stock?
The answer is not clear. It's hard to do a clear count but with the both counts suggested above we can expect a retest of the lows. There is still a downtrend channel that is working pretty good.
How deep the price is going to go down? There is a fair chance to the price to go around 49.75 so ill jump long at those levels.
If you are a risk trader, i would also contemplate the option of jumping in the stock short right know before the next bullish rally starts.
$EBIO short entry tomorrow$EBIO has been getting sold off when it tries to make runs, looking for a spike tomorrow up to previous highs as resistance levels and then I will short it, 4.50 is the nearest half dollar resistance, I will have a loose stop around that area. If it pushes through previous resistance then I will keep waiting for the next bearish sign to short. After the washout I'll be looking for bear flag set ups throughout the day to play off of, such as the ones we had today.






















