Idea on EJ!
I see that the market did a short impulse and we are now in a retracement. Inside this retracement (long), the market is creating more impulses and retracements.
Right now the market is doing a retracement, and I can expect the market to retrace until the rotation point 1 in confluence with an imbalance, then it can make a new long impulse to fill the...
there is both ascendinf triangle on 4h chart and a bullish butterfly on daily chart. daily closing is important. blue box is the descendind triangle target. I will update the chart (butterfly tp) if it reaches the prz zone.first I open the short position first , the if it reach the blue lines I will look for a long position
A Supply and Demand Zone I just noticed on the AUDJPY 15min chart. One will certainly trigger. I have more faith in the SZ since price broke so many levels to create a reversal, not to mention breaking my green trend line, which was created on the 1h. If price returns to that zone, I expect it to continue the drop. And maybe there are enough buyers in the DZ to...
Just look at the chart.. Would ya just look at it?
Pointed out two main supports and the bloody resistance in this 30 minute chart.
I'm going to dance with it. Slow dance with it. Take it slow. Hold hands? Second base tomorrow?
Possible SHORT opportunity until projected cypher pattern completion between 87.200-87.010
C point completed at end of bat pattern on one of my other idea charts
price drops below MA 8 and MA 20 also drops straight through RSI trigger bar S.o.R.
Taking a SHORT in this position poses a high risk; must take a look at all information before SHORT trade...
If the closed price be lower than support :
We are expecting a movement all the way to D point.
Close the Short and open the Long .
Happy trade :)
Historically when the stock crosses above this RSI level it moves at least 1% over the next few weeks. The average move is 11.32%. A move of that magnitude is possible to a common resistance level around 34.85.
My conservative move would be to the 31.00 milestone so long as it breaks above its resistance level for this calendar year which is where it currently...
With the Italian Constitutional Referendum, the US rate hike, the Euro is most likely to fall from its support. The USD/JPY being parallel to US Dollar Index, the pair is most likely to rise more, after the market correction in the near future. In the coming week, I think the pair is most likely to fall 110-111 level and after that it would continue its bullish...