Since my last post, i stated that it had difficulty going past 46.20.
If that fails that we are clear in the downtrend and we should short.
Target is still 41.61 now.
Action would start and the fall will commence significantly when the 20EMA crosses the 50EMA.
Good luck trading.
Overall, the AMEX:SPY was trading below its 100-period SMA for a majority of the day, with the 5-minute chart well below the 100-period SMA
- Breadth Ratio ( NYSE:UVOL / USI:DVOL ) was showing a ratio of greater than 2.0 which a sign to look for bearish/shorting opportunities on the day
- Net Advance/Decline Line ( USI:ADVN.NY - USI:DECL.NY ) was below...
Potential Short position as indicated by ADX indicator as well as Ichimoku indicator due to chikou span crossover as price action begins to move below the Ichimoku clouds.
(Note: This is my first time using the Ichimoku indicator)
Price making a double top at .71800 resistance level.
Not making a higher higher - 4 hour showing bearish momentum.
the MACD 4,9,3 breaking previous support level.
RSI showing NZD is over bought and signaling a pull back.
FIB retracement between ,5 and .618 levels
1:3 Risk/ Reward
Please comment your thoughts.
Después de haber violado un triángulo descendente, buscamos oportunidades de venta en la zona previa de resistencia, la cual coincide con un fibonacci de 38.2
After breaking out a descending triangle, we're looking to short the market at previous structure resistance, in confluence with a 38.2 fibo level
Be careful this week with the Brexit News
Cuidado esta...
