The price channel for this security its very clear, a ressitance at $195, and a support at $187. The candlestick formation is suitable and supports out idea for the trade. We can also get some help from the inexes, which we think are going to take a resto from the bullish trendes for a couple days.The trade is pretty simple.
Dax has recently broken out of a rising wedge which has been forming over the past months, it has managed to recover and is close to the lower part of the channel, currently in what seems to be a bullish pennant/flag in the 5m TF, which could send DAX to 12,060 before it begins to drop.
Entry: 12,060
SL: 12,123
TP: 11,780
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RRR: 5.18
Trade with care.
Looking to possibly setup a Short On this swing trade idea. This pair has been widely ranging for quite some time. DXY is the adjacent chart that can be used to reference possible movements for this pair. We observed a ABC Formation- Expecting a Double Top at the top around the ranging field. 0.75195
I am observing a rejection. But we still do believe that price ...
Daily chart completion of head and shoulders imminent.
Agreement with RSI and chart outlook.
Would mark entry on lower timeframe after last kiss on new resistance zone.
Multiple reasons to like this trade:
1. AZN is in a downtrend, broken by a 3 month move above 200sma.
2. Prices are below the 200sma and have broken previous lows.
3. Good RSI weakness corresponds to the move lower.
4. AZN is a weak stock in the IBB sector.
- Prices reached a bottom on the daily chart and are now making a 2 leg move to a target of $29.30. ...
Price is making LH and LL in the daily and 4h timeframe,also got a perfect rejection of the 38% weekly fib level following the trendline,also we have a important and good PRZ that now is a resitence and price has been holdin and closing below it very nice,after i see a complete rejection on the 4h and bearish momentum we gonna star selling with a 1:3 risk reward trade
EURGBP is getting closer to PRZ, RSI oversold, the level is a good resistance area and i am expecting a rejection from here. Looking for bearish evidence to short!
Hi guys!
NZDJPY is reaching a key area, and it's time to look for short here.
We have many reasons for that, as: divergence and overbought RSI, fib levels confluence and supply zone. All as shown in the chart.
Like if you agree, support and follow please!
USDCHF also broke out of consolidation and can be shorted at retest of the broken structure. Or if it make a flag you can short that too.
Like if you agree, follow and support please!
CADCHF is channeling for almost a year now, and getting closer to that major yearly TL that's holding since 2012.
For now we have two indecision candles, much wicks on the top. If we go by the book, then all rules says short here as a trend continuation.
Like if you agree, follow and support please!
This BO don't look like a fake BO to me, and that's give me a reason to think short from here.
I'll be waiting for retest and failure on lower TF 1-4H, deeper retracement would be better, so we have more space to the first support at 0,7458.
Like is you agree, follow and support!
Price didn't make a new high here, on a nice resistance look left. We have divergence on the MACD also.
So IF price close below the TL and retest with failure, i will go short as shown in the chart.
Like if you agree, follow and support please!
Price broke below the 200 SMA both on the daily and weekly. Price tested but failed to regain momentum above the 200 SMA on the daily chart. I am short from 1270, stop at 1280, target at 1200 for a 7:1 ratio trade.
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Price is heading to complete an AB=CD pattern at 1,618 extension, at the same level of the upper channel TL and RSI oversold.
Keep an eye on the 0,7563 level and watch for bearish evidence b4 you short!
