30 minutes ago
Heading for target 1 today. This is of course, and very obviously a key level of support for the USDJPY, and markets. IWM is particularly vulnerable. We've hit this level before and bounced, so breaking this is huge, may happen today with Asia and Europe down, and the US premarket looking strongly down. Ominous. TGT 2 could translate to beyond a 2 to 3% dip, but not a true correction (10%) or more. But if we do not bounce at TGT 2, and break through that with conviction, that may be the correction we've been looking for an excuse to have happen. Trade wisely.
31 minutes ago
The higher picture resembles the following:
• Buyers and sellers still remain trading within weekly demand at 1.34760-1.36314.
• Trading remains capped between daily supply at 1.37297-1.36879 and daily demand below at 1.34760-1.35265.
On the 4hr timeframe the sellers pushed a little deeper into the support (which was a prior decision point level) at 1.36076 nearly touching base with the round number directly below at 1.36000.
An advance up to the decision point (supply) at 1.36632-1.36485 has recently been seen as reported may happen in the last analysis if indeed the buyers did confirm the aforementioned support. The reaction seen at the decision point supply area (levels above) was nearly to-the-pip with the sellers showing little sign of stopping just yet, as they are hammering price back down to the support level mentioned above.
A deeper test of the round number 1.36000 below is likely to be seen, how deep this test is, is very hard to determine at the moment. Take a quick look at the red-dashed uptrend line; this possibly resembles consumed demand here, so effectively a deep test could be seen all the way down to the low 1.35746.
Price now remains capped between the decision point supply area (levels above) and the low 1.35746. A break of either one of these areas will likely give us potential setups to consider. If price however would have positively broken the aforementioned decision point supply area, likely buys would be around support at 1.36076/1.36000 area.
Pending/P.A confirmation orders:
• No pending buy orders (Green line) are seen in the current market environment.
• P.A confirmation buy orders (Red line) are seen just above demand (1.35018-1.35375) at 1.35417. The reason behind us placing a P.A confirmation buy order here, rather than a pending buy order is because the aforementioned demand area appears weak as deep spikes have been seen recently (marked with two arrows).
• No pending sell orders (Green line) are seen in the current market environment.
• P.A confirmation sell orders (Red line) are seen just below supply (1.37224-1.37028) at 1.36894. A P.A.C order was selected here due to the reaction seen at the aforementioned supply area proving its validity. However, pro money may well decide to push price higher into this supply area if/when price returns to it, thus making it a risky trade for a stop above the high 1.36995 which could be very easily be stopped out if a pending sell order was set, hence the need to wait for confirmation.
• Areas to watch for buy orders: P.O: No pending buy orders are seen in the current market environment. P.A.C: 1.35417 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
• Areas to watch for sell orders: P.O: No pending sell orders are seen in the current market environment. P.A.C: 1.36894 (SL: Dependent on price action after the level has been confirmed TP: Dependent on approaching price action after the level has been confirmed).
41 minutes ago
Coffee (KCU14) is following the 1/1 bear Gann line. A trade below would confirm a sell signal and a continuation of the bear trend. We could seen something similar to what happened recently to cotton.
43 minutes ago
USDJPY and SPY inline again, after a divergence, SPY was too stretched, and is coming back to the pair, strength of currencies rule the day, at the end of the day. This has been a currency manipulated bull market, and fundamentals are way down the priority list, with MA activity ending soon, corporations finding no more ways to support stock PE levels, with sustainable growth fundamentals. The bag of tricks is empty, but lets wait and see if a new rabbit comes out of the hat. Hearing the talking heads saying Inflation worries creeping in again, but they have been in play for a while. If we get any GDP growth at all, watch out folks, rates have to spike.
57 minutes ago
Buy form kill zone green and Enter 1.35270, Stop loss should be below X within 30 pips
T1 fibb 0.382 (1.35920 ) little below that since there is support , and mover stop loss to enter position after hit T1
T2 is Fib 0.618 (1.36331 ) or lower little bit
58 minutes ago
This is the market correction that was looking for an excuse to happen. Dollar looks strong. Hope everyone loaded up on TZA like I did last week, and more yesterday. Long US dollar, EURUSD chart says pop up should be strong, EURJPY, USDJPY down. And this is a huge currency pair move, the markets should open and follow today likewise. How strong? Like I said last week, strong velocity first wave down to TGT 1. But, watch out for government and banks buying to steady the market. We are past the typical 2 to 3 % as a "dip" they have been buying on, so the pros are not so sure about today, and where we go from here. Finger on the pulse today.
1 hour ago
Remains on the outstanding BUY Signal. No Sell Signal has been flashed since. Very Bullish.
1 hour ago
At the end of the day to open a position in its direction . Stop to put a little above the daily maximum for short positions. For long -on the contrary .Here we have an excellent statistics: ten correct signals in a row.
1 hour ago
Nice Buy Signal & continues Bullish.
1 hour ago
Techs lined up, strong earnings, increasing orders. Looking good for a low risk entry here.
1 hour ago
DAX take the lower line of the long-term channel, about 9500 and then restart for a long position. look at sp500 to confirm this.
2 hours ago
The trend is down. We're approaching the first potential sell entry area. Wait for a test of the upper median line parallel or even I'd allow for a small trend line break. The EUR continues being very weak and the GBP - relatively strong.
There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
2 hours ago
After DAX lose support in 9900 area , DAX going futher down yesterday to 9800. Today we see DAX at next support area 9711 (Top in in Feb, Mar and April) . 9700 is important zone. If broke this zone there is more space for futher downtrend to 9400 ( break trendline). Next important area are 9600 and 9500.
3 hours ago
Are you a Bull Flag fan? B.F. Breakout here.
3 hours ago
idea # 29 - EURUSD Looking for buy @ PRZ
Waiting for price go down to prz zone to consider enter long position on EURUSD
Any opinions, analyses, prices, or other information contained on all my trade idea is provided as private commentary, and does not constitute investment advice. I will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
4 hours ago
On the daily chart Estoxx50 Index is getting a bit dangerous for Bulls. DMI, Slow Stoch, MACD all bearish, and most importantly Price has touched the uptrend and arrived to Kumo support. Tenkan/Kijun weak bearish, Chikou Span below Price candles too. However a trend exists until it clearly breaks, and until the trend is so strong bullish, we have to suppose that Bulls will try to do everything at this support level to protect it.
Looking at multiple time frames, we can see critical days are ahead of this mkt: both 4 Hrs and 1 Hr is bearish, the counter trend is still intact. Watch if 1 Hr stays above previous low and prints a weak Tenkan/Kijun bullish cross at least. Price action today and tomorrow on the lower time frames will be very important to see if the Index can bottom out and turn up again, but still Bulls really need to do a lot more from here to push price above 3260 resistance level to stay in the game for longer.
Same is true for the Bears if they want to get in power. As I marked on the daily chart, it is not enough just to push Price below the Kumo. They also have to break the previus key support at 3140 to reverse the trend, otherwise the attempt will fail.
4 hours ago
Spikes give reversal and trend mounting signals you can't ignore BUT choose a suitable time frame, min H4