If you made money from the other entries I'm very happy for you. If you missed it or want to add on, I believe this setup to be an opportunity. I think this can still go down further but equally think there is still upside later down the road. For now it's looking to go down further and if it does, my 2nd entry zone seems to be the less riskiest and where I see...
The game plan is still the same. The only difference is that a level was recently added. 1.65556. If this level is reached, I believe that there is a good chance that price will reverse from there or not go too far if it price goes above. It may not get there at all and that's fine. I'm still selling at the bottom two levels if price gets to those. FX:EURAUD
It's looking like a selling opportunity at my levels above. I doubt its a peak that will hold for weeks but there's definitely some potential for downward movement afterwards. Calling tops and bottoms can be dangerous but if there is a time to do it, I believe that we are getting closer to that time. I believe that there are poor blokes underneath us who've been...
We are are pushing up into new yearly highs. Price has nibbled through a few times from what it looks like from the three push pattern. It was good for a 150 pip drop. Sellers who took their profits are good. What about the sellers who anticipated a further drop and held on? They are in serious heat right now and trailing/break even stops have been hit. Now we...
We have a trend that proceeded a long period of accumulation. I think that this trend will be short lived. Maybe one more level of pop up near or above my levels. At some point in time in the near future, I'm looking for a great portion of the trend which took a long to time get up, to be taken out in a very short period of time. Maybe a single session or full day...
A double top pattern was formed and the stock crashed and now price has retraced back to the resistance level, giving us another opportunity to ride the waves down. Near-term short signal has also appeared. Price failed to break above 200 MA, showing bearish sentiments. Entry: 49.77 Stop Loss: 53.6 Take-Profit Target: 43.95
We are at the bullseye. If you short from here with a tight stop you have a great opp for profits! My stop is above 40k. See related idea for analysis.
The bullish trend that started over a year ago has been broken by a bearish engulfing candle on the weekly chart. I would look for price to pull back to somewhere between the 38.2 and 50.0 fibonacci retracement levels before starting another push down. As always, wait for confirmation candles within the zone before selling.
When looking at how far a security could dip I generally like to look at key fib areas, particularly that .5 level. In this case, we see that Bitcoin has reacted well to this level in the past. We have completed the long-term impulsive wave and growth has slowed down in the recent extended wave. We have now created a lower low, which means the uptrend could be...
Here on the daily chart of the Aussie, we're noticing a potential head and shoulders forming. If we begin to form the right shoulder, I may begin shorting any bounces on the smaller time frames as we approach the neckline. A break of the neckline will confirm the head and shoulders in which case I will wait for a bounce back into the neckline. If we reject, that...
Patience is one of the key traits in trading. Last week we did not see much action, the price is ranging in a tight movement 20.4 points for a whole week. This week we are still waiting for a confirmation to short the market: (1) Price level at $1,390 is being respected and currently creating a "fake out" line. (2) My reversal zone remains at $1,400 (for now) (3)...
Hi all, Hope everyone is okay, been quiet for a while as been busy backtesting and not taking any live market trades. Been using my top-down analysis, and have seen a possible short for EURGBP. As you can see, regained strength after a sharp downfall, however it has a high possibility that it could break the trend it has made, and make a further fall to the...
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Short & Simple mark-up for GBPAUD. Hoping to see this fall bearish to at least 1.85000. My initial target is set to 1.80000 and second target reaching 1.76000 overall on the monthly perspective. However, things may change drastically due to fundamentals and some restrictions of COVID being lifted in the UK. If this goes bullish, I’m hoping for this to be after the...
key points to have in mind: 1- Weekly bearish shooting star candle 2 - H3 time frame have completed 3black crows pattern 3- H3 indicating MACD crossover 4- 5 wave of elliot competed time for correction bringing taking the price to potentially break the flag and drop for ABC elliot correction
The GULF ETF is breaking down of a long term up trend line. The MACD and OBV are supportive of this breakdown with cross downs. Something is happening in the ME... and while Crude is rallying like no tomorrow, I see something bad brewing! It’s almost like a warning of sorts... heads up!!! Reference ETF Info here
Likely a good opportunity for a swing trade. Indicators Koncorde and Cipher clearly show bearish divergences.
There is a rejection at the 0.618 of there fib retracement