Looking into this bearish market, focusing on this daily trend... Shorting @ 1.2575 if price can show me further bearish signals. 50 point stop 100+ point TP
TCT Trade With Bat Completion 61.8 Feb
Hi, I am explaining the Two Peaks Rotation Framework to my Students. Great Opportunities were available in this Rotation to Bearish. Thank you Girolamo Aloe
Price has rejected the weekly trend-line with a hammer candle indicating a sell opportunity. The Swiss has a safe haven status and as this week has a lot of event risk and non farms for the Dollar it is likely that investors will hedge the Swiss as a proxy for Gold against the upcoming risks associated to the Dollar.
Yen long positions on the futures market are at record highs and historically any high risk event to the dollar supports the Yen as investors seek to protect themselves from uncertainty. Price rejecting the 50% fib level and an interesting candle formation lead to a reasonable conclusion that further downside gains are to be made this week. Poor US news will...
US news dominates this week and therefore waiting for how price reacts at key levels is key to success. At present price has rejected new lows and is hinting at a retracement which will likely be to the 50% fib level. With that said a continuation of the downward trend cannot be ruled out with Yellen due to speak Tuesday afternoon and Carney Wednesday morning,...
As it's a non farm week markets will historically trade sideways pending the release of Friday. The weekly close below the 61.80% fib indicates further downside gains with a rest of the 200EMA and 50% fib likely. At this point it's likely price will break or correct at the 50% fib level towards the 76.4% or 38.2% fib levels where it will likely consolidate until...
PRICE LOOKS EXTENDED, PREVIOUS LEVEL OF SUPPORT....
EURTRY HIDDEN DIVERGENCE, FLAT, PRICE ACTION - WATCHING
USDTRY WEEKLY HIDDEN DIVERGENCE PRICE ACTION and FLAT
Elliott Wave 4 confirmed at failed break of the 76.4% Fib level. Brexit fears weight down optimism as well as a a key member of the British cabinet provoking a cross party spilt of the ruling Conservatives. CPI data tomorrow is not expected to be highly positive and a poor read should confirm a lower close for Tuesday. There are event risks with the ZEW...
POSSIBLE BEARSISH A SHARK FORMATION. D POINT TOUCHING THE PREVIOUS STRONG RESISTANCE. TP2- PREVIOUS SUPPORTS
Hi, Explaining to my Students a Framework really useful for Trading visible here on AUDCAD! This is how I make money. I sold this currency in the convergence to the Supply Level and my Trade is running in profit. In this moment I have 9 Trades in running in my Forex Portfolio and all of them are in profit for now.... and other 9 orders that are waiting. It's...