Short term view, soft target 1.0050 handle.
USDJPY is giving us some mixed messages on different time frames. For sure some people are gonna win and lose money by taking a position. I'm keeping my powder dry just for now. Later tonight (UK time), I'll see what the latest picture is like. I'm focusing on the 2H time frame for a hit.
Most of trading and investing is or should be stalking the markets for sound entry positions. In this screencast, I show that there could be an interesting opportunity for a long term trade on TATAMOTORS.
Just saw this on the chart, putting it on here to watch how it plays out
DO NOT FOLLOW MY TRADES BLINDLY price clearly bounch out from support and about to long i did not encourage you to open this trade now just wanna tell you watch for breakout later anything can happen storng weekly support and trend line happy trading
My thoughts on AUDJPY were short overall, but taking a look at current price action on the 1H chart also presents a short term buy.... Price today touched the .618 retrace of that bearish move, which is also the third touch of upper trend line. Immediately after the touch, price created a nice bearish engulfing candle, enticing sellers to jump in. But what...
The pair has room to move to the downside but it will come up in the near future. Watch the box as a reversal zone
Oil is at a steep ascending trend line in a rising wedge. Watch for a breakdown of this level. Supports below include $45.5 with the .236 fib level, $42.00 at the .382 fib, $40.00 because it is a round number, and the 50% retrace at approximately $39.00. Note this is purely technical and the fundamentals of oil do not suggest oil can or will remain below $40 per...
Doji watch: a doji in the makings after last week's selloff and very oversold readings. A close around these levels here at $753 could yield a bullish reversal doji.
Keep an eye out here what happens here at this bearish inflexion point. Could be an important level. Watch for the retest to get your confirmation on direction in the short term. If it's a stop run, you'll see fading lower highs from here before rejecting the level. If it's a breakout, you'll see higher highs and candles opening above the descending channel....
DAL is hands down my favorite airline stock. I can't justify executing a long position here as the risk is to great for me right here. I'm a buyer at 42, I'm a thief at 38. But with oil plummeting, it wouldn't surprise me to see DAL hit 55 before pulling back any significant amount. DAL sits atop of my watchlist