NKY looks really ugly now. I am shorting it You don't have to.....but save your longs until more reasons to go long emerge
update on lastcadchf chart. watch the 5-3-5 zigzag which is forming now. upmove is not strong enough to be an impulse i think.
this is for my training purpose your welcome to comment i spotted a support and resistance on usdchf im going short putting my stop loss at around 30 pips (30 procent loss) and my gain to aroung 270 pips (70 procent gain)
We Have been watching this Fib since July 2015. Finally moving to are first target 119.919. Perfect example of being patience and having faith in your analysis. Shorts only on this pair would need a pullback to re enter. Lets see what happens this week.
Nice short lined up ready to break. We could have a nice profit taking pullback down to some previous Resistance could go lower on news.
Between 0.7596-0.7825 looks appealing for short orders and continue this long term down trend. I also spotted potential buy orders at .7200 and .7240 for any short term opportunities!!
Well, the SPX headed lower and broke the 1 but also the (presumed) wave 2 level. Meaning that the red count was invalidated and we are working only with the pink one. The current set-up is getting unclear again though since the market had a 3 wave decline and then bounced strongly. For the downside to be clear we would have needed an impulsive decline... So,...
As we see price didn`t go above trend line So it give me a chance to believe in short Last candle (on 14.1.2016) bounce from line - confirmation of my view. SO. 1) Trend line 2) No big good news for eur 3) Global trend is sell and more big guys prefer short
i think its still in a bearish trend and going to head down a few more pennies before the trend changes depending on where it goes on sun open ill wait to see what the market does probably retrace back up a smidge and take another plunge into my pockets$$$ again just started marking charts so if everthings wrong idk what im doing lol
Clear breakout in the elliot impulse wave, downside movement expected
NZDUSD short oportunity. Waiting for a candlestick formation on a lower timeframe.
The reaction post FED was a bit unexpected, at least for me. All indices ramped up (dax not so much actually) and then reversed with conviction. The big question now is - what's next? Is this choppy 4th wave finally over? A look at the daily provides some clues. The peak of the bounce was just above the 50% Fib retrace, while the decline from there looks like...
Short Entry @ 191.640 StopLoss @ 192.220 Take Profit @ 189.770 Broken Daily support over bought have had a double top in the past couple days which ran right back into the support turned resistance marked by the pink line. Fundamentally the Yen has gained some strength and it is being shown a little bit across the board. Technically we can see a lot of...