AUDCAD weekly short
This is general direction!!
I will go to the lower time frame to place my short trade using following method:
counter trend line break
support and resistance
candle stick formation
and market sentiment (???)
- good reversal pattern.
- price sat at good support.
- recent break of downward trendline, now retesting.
- 0.5 Fib retracement level from previous swing low to high
- Trending against the trend
- Trading through EMA's including 50EMA on daily.
Thoughts? Please comment below
-NZDUSD is currently forming a bull flag pattern
-The potential bottom of the flag found moving average, trendline, and Fib support
-Stochastic RSI is in oversold territory and may soon cross over
-With the poor non-farm payrolls report, and dovish tone from the FED, there may be a bearish outlook on USD since a June rate hike is probably no longer on the...
Volume shows lesser people attracted in upmove (less demand). so i see the upmove just as an retracement.
Bat Pattern will formed soon.
Elliot ABC retracement is ended soon.
More than a reason to short this pair. and i will short this pair just like i planned
As I stated on 12/20, it was pretty much impossible for BTC to not sink further and significantly. Though it did have a short rebound for X-mas that was destined to be short lived. BTC is only down 7.25% since I made my prediction but with what the 3 hour through 2 week indicators show is trouble. The shorter 4 and 6 hour indicators show a reversal underway...
VRX may, at first glance, look like the bloodshed is over and is moving to recovery. Not just yet. The daily MACD and StochRSI are inching toward sell indicators (see screenshot) and despite the markets upward movements today (Mon 12/14), VRX's recovery was pretty modest as more shareholders exit as they see the fall incoming.
Bottom line: Put options are a...
At first the MA200 and the EMA 50, then the strong resistance at 121.5 is finally broken after 2 close timed touches and successfully tested in a Bounce Back above. The Fibo is speaking a clear Language too. So the Price had enough Time (since late august) between ~121.5 and ~118.5 to collect some new Power for another long journey up. At least till the 1618 Line...
The chance that this is the long awaited uptrend is growing. This is an update of my original chart, which I created 1 month ago: In this update I optimized several indicators to better reflect the current trend.
Overall it's looking good. But 2014's downtrend has not finally been broken as of today. That's why I post this...
Plans for both sides for the next year.
The upside is more likely in my opinion and has the potential to continue beyond my target of 1522.
The downside is limited. If it continues going lower from 830,
you can assume we are in a gold crisis or something like that.
Anyways, once the current correction down from 1900 is over,
you can expect a steep reversal and...
As you can see the Stoch RSI is in oversold area, the Money Flow Index (MFI) looks like it's going up and the Coppock Curve is at a low momentum.All of these correlations don't mean that the price can't fall lower, but it can mean that there is soon room for growth from this low starting point. Interestingly we are at Fibonacci Time Zone 3 based on last Summer's...
This Gann fan is hitting so many pivot price points (marked in blue rectangles) that it seems to be worth watching the coming weeks.
It makes forecasting easy. Either we stay above the 9/1 Gann fan which started in Summer 2013 and slowly start a new uptrend in Winter 2014 - or the price falls much much lower.
Less bearish and more bullish signals in the 1-day chart. And we have positive news thanks to a Bitcoin payment service:
- BitPay Reveals it Paid ESPN Bitcoin for Sponsorship
ESPN's slogan: "The...
NZD/USD is in a down trending channel and my bias is short (To take a look at the one related idea).
Bases :Bias, Channel, Stochastic RSI
IF price reaches 0.86962
THEN i will go short, and place my tp order at 0.86459, but sl order at 0.87151
IF This Stochastic RSI crosses the 80 oversold zone it will be a...
A short position in EUR/CHF
>The moving averages are still in order meaning the bearish trend is still intact
>StochRSI just intersected 80 signalling the start of a new short term trend
Entry is at 1.2214. Risk is at 1.22365(the 200 day moving average), and reward at 1.217
>at 1.2192 move the stop loss to break even
Okay, so this is not Bitcoin (har, har) but the reason I did this was I was curious as to what my other investments were doing. As it turns out there was a very clear trend channel that formed while I wasn't looking for I think 2 years (yeah, set and forget investment LOL).
StochRSI divergence means there is going to soon be some type of break in the trend it...