We have a nice symetrical wedge pattern forming on the H4 time frame. It looks like the overall trend is long at the moment, at least based on the daily time frame. Wait for the break to enter the long position. Enter: somewhere around .9925 T/P: 1.0120 S/L: .9853 Remember wait for the break out!!!
Sell @ 0.6834, SL: 0.6895 (previously high). I will double my position if the price goes crazy and reaches above 0.6860. See there is a strong resistance from 0.6865 to 0.6895. Target: 0.6650/0.640. If the price cannot hold here, it will drop to 0.640 area quickly. If the price holds, it can be back to retest the minor resistance zone 0.6715/0.6720 before falling...
Well its been no surprise that CL has been in a bear trend for quite some time. We will continue to keep selling the rallies. I just missed my fill on this trade. Maybe it will come back up for me.. We will see. The TCT was based on the 78.6% fib retracement and Fib Inversion Trade which completes at the 1.618% ext. The pullback also put in a harmonic move (not...
Info in Chart Guess the Trend will continue. If u like my idea, follow
Info in Chart When TP1 is reached, move SL to BE for riskfree TP2. If u like my idea, follow
Info on Chart Move SL BE when TP1 is reached. If u like my ideas, hit the follow.
USDJPY is up to its same old tricks. The USDJPY like to consolidate tightly for periods of time then explode out of the range. This Breakout/Breakdown opportunity is setting up on the 240min chart. It's just a simple Balance Area. These Balance Area's are where "smart money" is either Accumulating or Distributing positions, we never really know what they are doing...
The S&P 500 is continuing with its Downtrend on the 1hr chart. Looking to keep Selling Rallies until we Violate the last swing high. We can Target the lows for Target #1 and then 1.27% Fib Ext for Target #2
AUS200 is going in a complex correction and there is a good chance that it will go up significantly next week. We inter this swing trade today with 3.58 risk/reward ratio and we close our longs once leg C = leg A Happy trading :)
Same play as i posted before on the 4hr chart but this time on a smaller timeframe. (attached in the related links) Same rationale as well as there is clear selling pressure building from the triangle/wedge pattern from the last few days. Expected price target for this play is 130.90
If price breaks below the trend line & the Stratus Cloud Formation, we would look to short the USDCAD for a intraday swing lower. We are neutral until price shows its intentions. Trade what you see not what you think.
I think the fall from 2008 high is a impulsive wave. The rally from 2013 is the A wave of three wave correction. Since then , a long and complex complex B wave is unfolding. The recent price action fail at previous swing high and RSI fails at 70 suggest the completion of X2 wave. A short side swing trade against the recent swing high is favored targeting. A full...
The BBand squeeze in March would have worked out nicely and some may still be in that bearish trade. A strong bearish move below 185 would be a likely entry and 155.00 as a first target.
If INTC rests for a few days before crossing 34.75, then consider an entry above 34.75 If it does not rest, consider an entry at 35.32
BIG bearish. Watch for some support around 42.00 but I think it has a great chance of making it to 38.28