200-EMA is pointing downward and prices are below
200-EMA, it mean the long term trend is on the
20 & 50-EMA also trending downward.
Now there is descending triangle consolidation
pattern, trying to push the price down the
"Buyer's Stop Loss Position".
Once this level was broken, expected the price
will fall lower.
From price action, in...
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,...
Back at it again with the Mexican Peso.
On Friday the Peso came in offered at the 100 Moving Average.
Based off of the strong Bid today I'm once again in this LONG trade.
Stop is placed at the 50% retracement.
Trade is targeting the 21.5000 & 22.0000 area (Prev. ATH)
What to do if I get stopped out:
Sit aside with orders ready to buy at the 200 Moving...
I'm back in to full original long exposure to NYSE:UTX.
New Stop at the 104 - 105 area.
No overall target as long as price remains above the 200MA then I'm in the trade.
Short term resistance marked out by Fibonacci 78.6% and 88.6% retracements.
Previous ATH is $124.45
Please see linked idea for original trade.
Trade smart, and with a...
Simple probability set up. Triangle downtrend started in 11/2016 and VNDA has only been through one full harmonic trend (wave) ever since. Second wave downward move imminent with RSI confirmation @ 35 and bearish $13 target.
However, aggressive long entry for quick profit ($15 bullish target) especially with upcoming earnings. Upon $15 target, (expected RSI >50)...
Hey traders! Looking for a long breakout here, but only after breakout is confirmed. This is my favorite trade of the week so far. We have a potential flag accompanied by a completed EW triangle. I would like to see it break out during the late Asian session and continue through to the London and NY opens, but I will enter at any time as the support zones are...
Hey traders! Lot's of SMA resistance here at this level. To add to the short bias, the short term trend is down and support is diluted down to 2:1 R/R. I will likely keep the trade on through TP if the timing is right, should the breakout occur at all. Updates to come. Happy trading!
Here is a simple supply/demand short, where we have an abundance of supply at current levels and sufficient reason to take a 2:1 R/R trade. Many factors of resistance above price, including short-term SMA's, trendlines, and S/R zones. If trade continues through TP, I will let it ride. Happy Trading!
Handle risk with caution, weekly timeframe is definetly not what i like so it can turn out to be a loser, but those sometimes turn out to be huge if momentum proceeds so a smaller risk can still do well.
new trend potential if support holds above trading range.
Switched to the daily for this pattern. Looking at a cup and handle into earnings. After a breather this past year, cyber is becoming another hot topic with the election. Pay attention to this as the next 2 weeks go. Im a buyer on volume
In this trade I'm aiming to ride the continuing uptrend to the next swing high.
If I'm right it'll continue through the old high on its way up to the high set back in late April. Stop is set below current swing low as indicated by the bottom of the red box. Take profit is set at next swing high (green box). I'm not confident that this trend will continue beyond...
AUDCHF seems ripe for a short on the 4H time frame. I make no recommendation on entry point.
1. Established down trend on weekly chart.
2. Price struggling in a band or resistance on daily.
3. 4H time frame shows an early signal of a trend change (Aroons have made an ideal cross at 50 for the bears)
4. Stops can possibly be at 0.75500 which equates...
on the AUDJPY I'm waiting for the breakout and confirmation of supply areas as highlighted on the weekly and daily charts. Again I'm using trend (which is down) to assume that the breakout of Price Action(PA) will be down. As we look to the downside we look to break a demand(support) area from 2009 as highlighted on the weekly chart.
To find out more about my...
I've been eyeballing 0.87600-0.88200 for a while. Why? Its a major resistance level from year 2013 and we're going strong towards it. Since its an important level it also acts as a magnet, and thats why I want in on the ride.
Sure, we could see a bigger retrace before we finally hit this level, but I dont want to risk missing it.
Why am I entering now? We see...