SPY is unstoppable, for whatever reason it may be. However, a major resistance level has been reached, and one might try their luck at shorting spy here. No directional trades, options only. Be careful and measure your risk reward. Like and subscribe for more trades. Wish you all best of luck in your trading!
Weekly - We notice a major exhaustion which mean the market is ready for the downside Daily - Major Support ans Resistance is set with the market testing the Major Resistance and also made its High after the huge exhaustion with a bearish candle 4HR - The market created a major Resistance which is a Double Top, but on 1Hr we see it test that resistance 3...
I have identified a clear downtrend within a channel. Price has been in a 2 month long bearish descent from a 0.70253 high down to a 0.65090 price point. My current view is that price will rise at market open, to complete a new high within the bearish channel. This pair is long overdue for a rice correction.
Hi guys, It is clear that I only trade stocks that are covered by certain parameters and one of those is the presence of a Catalyst supporting the move. But for studying purposes I am back-testing stocks that are at important technical levels to interest quite some institutional traders. TSLA in pm made a nice pop testing the 182 area and that could mean that...
NYSE:SNAP Hammer on the 1H chart. SNAP is currently at the Gap's support level. Let's see if we get a reversal
Technically GBPAUD is ready for a big drop around 300+ pips. Can be depend on the fundamentals. Enter to the trade with a tight stop loss.
My jungle strategy is set in place, I would wait for the break for confirmation of the continuation of the buy.
Great run and now consolidating at highs it hasn't visited in a loooong time. Moving averages have just crossed over into a bullish trend but still need some separation before truly showing a bullish longer term trend. The short term however is undoubtedly bullish. It has now formed a nice bull pole pattern... the question is, will Zynga go "BAZYNGA" or reject? I...
LETS SEE WE GET AN IMPULSE TO THE UPSIDE THE TRADE GETS FILLED
Lowes got way, way ahead of itself during the lofty valuation period of January this year. Now that it's fallen under the lowest part of the long, historical trend, it's an easy pickup as it can move up and back over its trend lines. $86.38 is a technical, average line that helps to identify point of accumulation, but only for the short sighted understanding of...
STORJ has done well compared to most of the coins against major sell of weekend. But still it has room for some more downfall. It has strong support on the down side which can keep the price in a certain range and stop it from free fall. It is making a possible Head and shoulder formation as well as an alternative pattern along side. This can be a quick swing...
Cardano is in a short term downtrend looking to close the gap on bollingerbands . price needs to stabilize at current levels to show any bullish signal.
Looks Like Verge has found some support at the 280 or the 61.8 Fib retracement. A move past the previous high at 337 should confirm the uptrend. But hey it's crypto, anything can happen. If the news of wrath comes out this week this should fire up confidence in this scare coin. Stay Safe, Watch this space. Let me know your thoughts on XVG below. ***...
USDJPY losing upward momentum near key level and possible trend line creating.
Looking to trade the breakout up to the key resistance zone. With a weakening of the USD last week, looking for the pair to go back up after a deep pullback. Will go long if the downtrend line is broken. 200 EMA was respected last week so long bias. Could possible trade this short if the trend line is respected.
200-EMA is starting flatten. (Please plot yourself) Both 20 & 50-EMA are moving downward, downward trend is expected to be continued. Price manage to break the Resistance Zone and followed by a slight pull back which is a good signal to short Here are 2 trading plans: 1. To short now with right risk amount 2. If the price pull back near to resistance zone,...
There is a consolidation pattern near the Resistance Zone. From the price action, we can see stronger selling pressure than buying pressure. If the price managed to break the buyers' stop loss level, we expect the price will fall further lower. Here are 2 trading plans for you: 1. Wait the price to break the buyers' Stop Loss level and entry 2. If the price...
as the weekly chart is still in an uptrend things are kind of looky tricky for this pair especially before DONALD trump takes office friday im thinking a stab below to a support level or to the previous channel that was broken careful of HIGH IMPACT news RELEASE AT 430AM on the GBP we wil see how things go