This is a quick update on the Short Position we had on AUDJPY. Price took long to break out of the trading range below the Momentum low of 73.79. We finally had this break this morning. In order for further decline to be seen in the AUDJPY, price must remain below the momentum low and break 73.42 Low. Alternatively a break back above the 73.79 will trigger a...
Major Trend still down, and we have seen participation at 50% retracement of the recent down-move. Price has been trading in range since the 50% was traded. Weakness in Yen yesterday has given this setup a nice boost. We are short below 74.20 Stop Loss @ 74.50 Take profit @ 72.30
Hey there, sooo the correction has begun. Take a close look at this chart if you did not yet make your mind up about where price could be headed in the next weeks an months. We are currently forming a reversal candlestick on the weekly timeframe and most signals are flashing atleast short term corrective. Targets are 200MA at the very bottom at 8880 Setup...
Below 109.90 we are short the UJ. We have a clear Series of LL's on the intraday TF from end of last week. What we have witnessed so far this week is only a retracement as long as price stays below 110.02. The Stop Loss is 110.04 T1: 109.42 T2: 109.23 T3: 108.74 Extended Target
It's been a few weeks so quick recap. Last posting was back on 1/20 from me and bulls had reached $9,195 and were slowly coming back down. I was watching to see if this was the weekly chart consolidating and stated it would confirm weekly was pulling back if the daily chart lost its EMA support. Bulls however held EMA support as shown on this chart. So bulls...
Price has completed the DownCycle after a Violation of the Downtrend on Tuesday. We are Long the AUDUSD from 0.6706 using PA as confirmation, other key tools agreed with PA too. Low Risk SL: 0.6698 A break above 0.67777 will confirm a new trend and we should buy the dips only. Enjoy!
Hey there, So there is stilll one more target to go. As I already said in my latest post, the 200Day EMA is one of the last major stops and resistances which bitcoin has to break to finally confirm a trendchange on broader timeframes. Sitting now at 8900 USD, the 200Day EMA acted as resistance multiple times in the past and seems to be of high significance when...
Hi Traders! The market is in a very clear pattern. After a healthy downtrend the market is now trying to change the trend. The retracement moves are getting as strong as the trending moves. At the moment the market is in a flag pattern which is at the resistance at 1.30800. We're expecting a breakout with the same length as the first "shoot". If the market...
Hi Traders! As you can see, the market is now in a downtrend. But the downtrend is very old and the power of it gets weaker. The last strong move the market did was the bearish wedge pattern. It moved down, then it made a consolidation wedge, after that it moved exactly that lower again. If you look at the H4-Timeframe, the support at around 0.96300 is not broken...
The chart below describes the scenario where BTC broke down outside of the bullish Gann Fan starting right before the bullish impulse in February. Take note of the Cyan Gann Fan's lower bound. That Cyan Gann Fan starts at the initial bullish impulse in February and that fan lower bound holding support confirms that this move is a long term bullish trend change...
Theory of curves is an interesting application to trend changes. Some succeed - some don't. This is one to watch. This is not a recommendation to trade securities. If you lose your money - sue yourself.
Hey tradomaniacs, welcome to another free signal! Important: Wait for the retest of the Neckline. We want to see rejection before we buy! Type: Swingtrade EUR/USD: Daytrade-Preparation Market Buy: 1,11770 Stop-Loss: 1,11495 Target 1: 1,12050 Target 2: 1,12300 Target 3: 1,12390 Stop-Loss: 27.5 pips Risk: 1-2% Risk-Reward: 2,25...
Ticker: $IIPR Can IIPR gain any traction and break weekly resistance of $87.20 these upcoming weeks to confirm the inverse head and shoulders? Remember, Inverse head and shoulders is a pattern that signifies a trend change from bear to bulls. If bulls can break this weekly inside bar bullish, than the possibility is there. I need to see an increase in bull...
NO SHORT´S MORE! HERE IS MY SHORT IDEA FOR THE UKOIL / BRENT CRUDE OIL . IF YOU LIKE MY IDEAS THEN PLEASE LEAVE A LIKE AND FOLLOW ME. THE COURSE WILL PROBABLY ROTATE HERE. THERE IS THE POSSIBILITY OF A STRONG REACTION AT THE SUPPORT ZONE. BEST REGARDS
HELLO COMMUNITY, HERE IS MY SHORT IDEA FOR THE UKOIL / BRENT CRUDE OIL. IF YOU LIKE MY IDEAS THEN PLEASE LEAVE A LIKE AND FOLLOW ME. 1. D-CHART TREND 2. M-FORMATION LEFT SHOULDER 3. INDECISION (SEE SHADOWS) 4. M-FORMATION RIGHT SHOULDER 5. MY ORDER BEST REGARDS
Sembra che lo SPY abbia formato un doppio massimo, non perfetto ma avvalorato da una divergenza dell'RSI. La candela di oggi di indecisione ha già sentito l'area centrale dei volumi. Vedremo quindi se domani i seller avranno la meglio, facendo puntare il prezzo ai 312. La teoria ribassista può trovare conferma nella formazione del periodo Corrective delle onde di...
Manipulation phase is now over after a lenghty distribution phase. Price has broken the high 1.30129 which has plenty of orders just above it. Additionally, we have previously seen Two completed Structural failures to the downside before the price was manipulated back above the highs in order to trigger the weak sellers stop loss. This trade is now a High...