Short term view: In our perspective probability of price falling in next 2-3 days increased, we expect accelerating and re-test support level 700$ / second strong support level (low 06/02/18) 555$. 200-MA - 630$, 100-MA 800$ (currently price test this level), 50-MA 900$.
Looking on the daily time frame and you will see that history may repeat itself 90% sure of it. Even tho we have news going on wednesday for GBP to bear in mind. RSI and STOCH indicator is showing that it's over bought and the only thing that we're doing is looking for bearish confluence (or signals).
I'm a long term price action trader so I see very big ...
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Good day to all! I took a week off last week but it affected me badly. Since no anaysis was done, I thought I could just jump into the market but I was ...
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Alright guys this has been one hell of an interesting pair for me, so here we go!
Daily: https://www.tradingview.com/x/8pWVP51U/
Pretty obvious ...
DISCLAIMER: Hi everyone, this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
I have been watching this pair for about two weeks now since it started its bullish trend, just waiting for the reversal. Caught some awesome pips this ...
Technically speaking
Found resistance at 1.44
My first target on the downside is 1.41.
I am holding a long EUR/JPY position and have around 200 pips locked in.
So this EUR/CAD short is a hedge(somewhat) against my long but I didn't take the trade for that reason.
If you like newsletters, trade ideas, and good investing stories, sign up below for my ...
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
Alright everyone, check this break of trend that happened these last two weeks. Didn't go too far though, hit previous support and ...
Technically Speaking
The $52 level was important to hold, in my view.
We will have to wait and see where buyers come in, but I will be watching the $40 level.
There were a near record amount of spec long positions. So the potential for more downside is likely.
What to do?
As long as 52 holds the upside, I will be looking to sell rallies.
I will be targeting ...
The 1.43-4360 level has provided resistance going back to the first of December 2016.
I am looking at the 2 and 4 hour time frames for favorable price action.
If the 1.43 level holds the upside, I am looking at 1.41 as the first level of support.
Hello Traders,
Today we want to share with you the FX:AUDJPY as it broke significant trend line on daily close and shows outflow of capital.
Technically the market broke significantly support and currently it seems that this pair is heading south. First target is around 85.35.
Our inter market indication showing also a tick to the downside as they currently ...
DISCLAIMER: Hi everyone, I'm new to trading and this is just a log book for me on applying everything that I have learned and continue to learn as I go along. That being said, I do not advise you to base your trading on these "ideas".
This week I'm keeping my eyes on the Euro / New Zealand Dollar pair. Its been on a down trend for a while now and could be hitting ...
Chesapeake Energy is coming up on the 6.9-7 area that has proven an area of support and resistance in the past. We recently put in lower highs around 7.50 after retesting the high of 8.00. If we break down though. 6.9, I believe we can see more downside toward 6-6.25.
This stock also has the potential to move back up toward 8 if the 7.00 area holds in the coming ...
I am short at 83.10 with a stop at 83.25.
I sold last Friday after a failure at the 83.20 level.
My first target to B/E is ~80.
Here is my framework on how I think through a trade.
Is this trade worth taking?
* Where is the R/R right now? Is it obvious?
* Is the market trending or ranging in the time frame you are watching?
* Is price currently at a level ...
