47 minutes ago
EURUSD, 60 Short
0 98
sell eurusd on touch of 1.3588

germany declares slower growth, france finance minister declares asset purchases are inevitable, portugal bank foregoing debt payment reignites banking fears.this comes on top of ecb dovishness and better US data.

28 minutes ago
GS, D Neutral
0 4
Goldman Sachs just broke down through a few lines of support.

could fall further to ~$157 - especially if there's continued weakness in Europe.
30 minutes ago
SPY, D Long
0 53
if price breaks the kijun line we will go lower otherwise we are still bullish that I see. At a minimum you need the 20 day ma needs to be pointing down with price underneath. Alot of things are at buy points now and at fair value.
59 minutes ago
EURGBP, 240 Neutral
0 5
4hr TF.

It was reported in the last analysis that we should be prepared for price to retrace a little to the 4hr minor demand (circled) at around the 0.79388 area before a break above temporary 4hr resistance at 0.79586-0.79534 is seen.
Price broke above the aforementioned temporary resistance area straight into our S/R flip level at 0.79679 where a strong bearish reaction followed. At the moment the sellers are steaming south, however they may find a little buying interest around the minor circled demand area mentioned above. If we see a break below, price could very well drop straight to the low 0.79139. The reason price could drop that far is because of the tail marked with an arrow, this tail was likely used to collect orders for the original advance, but in the meantime, it consumed buyers, thus clearing the path for sellers.

Pending/P.A confirmation orders:

• Pending buy orders (Green line) are seen just above demand (0.78862-0.79048) at 0.79076. A pending buy order is placed here due to the aforementioned 4hr demand area’s location in the higher timeframes (Within the compressed green arc from weekly demand: 0.76931-0.78623… Seen on Monday 7th July analysis), and daily demand at 0.78862-0.79206.
• No P.A confirmation buy orders (Red line) are seen in the current market environment.


• The pending sell order (Green line) set just below the S/R flip level (0.79679) at 0.79641 is now active. Our first target has been hit at 0.79388, so do keep an eye on our second target below at 0.79139.
• No P.A confirmation sell orders (Red line) are seen in the current market environment.

• Areas to watch for buy orders: P.O: 0.79076 (SL: 0.78846 TP: Dependent on price approach) P.A.C: No P.A confirmation buy orders are seen in the current market environment.

• Areas to watch for sell orders: P.O: 0.79641 (Active) (SL: 0.79747 TP: [1] 0.79388 [2] 0.79139). P.A.C: No P.A confirmation sell orders are seen in the current market environment.
1 hour ago
INTC, D Neutral
0 24
The Intel Corp (NASDAQ:INTC) Daily Diagram Technical Analysis Training shows the following:

The (INTC) share has broken the 1st support line lately. This support line is above the KUMO, which means that the INTC is bullish in long term. The weekly diagram shows bullish trend but an overbought RSI. The monthly is bullish too.

So the first think in mind is that INTC solved upwards a 10years reversal pattern and now make some consolidates on its new price level around $30. The last time that Intel share worth $30 was Feb 2004. So this is a new age for Intel. MACD is bearish and RSI declines. The volume is usual.

There is no special candlestick pattern except of the shooting star at local top (@31.06). The share is over the KUMO and Kijun Sen (blue line) too but now the Tenkan Sen (green line) is resistance .

There is a bottoming special pattern of reversal these ten years (as I mentioned above – see related link). The fib from $21.90 to $26.71 shows a step over the 1.618 at $29.68 and a 2.618 @$34.49.

So I think that the correction will stop at the second support line or $29,68 the lower. On the other hand the share will consolidate for a while until it start the uptrend again. This share is for the long term investors.
1 hour ago
HCN, 1D Long
0 10
The trend line gives good support.
1 hour ago
USDJPY, 240 Neutral
0 52
4hr TF.

The higher picture resembles the following:

• The weekly timeframe shows price is trading around a long-term S/R flip level support at 101.206 with a positive close below yet to be seen.
• Buyers and sellers on the daily timeframe are currently trading within a range with resistance being seen above at 102.713 and daily demand seen below at 100.747-100.967.

On the 4hr timeframe, a mean-looking wick is seen above the 101.754 resistance level indicating the buyers could not overcome the sellers around this area. The sellers have remained control ever since with some serious selling being recently seen! However do not forget, on the weekly timeframe, all this represents is the sellers have sold into higher-timeframe support at 101.206.
A positive close below the low 101.227 has been seen, price is now relatively clear all the way down to the round number below at 101.000 where the buyers are likely to make an appearance soon, as if you remember we are not only now trading at only weekly demand (levels above), we are also entering a daily demand buy zone at 100.747-100.967 so higher prices are still naturally expected from around the round number 101.000 area.

Pending/P.A confirmation orders:

• The pending buy order (Green line) set just above the decision-point level (101.400-101.465) at 101.483 is now closed in profit as the first take profit target was hit at 101.754.
• New pending buy orders (Green line) are seen just above the round number 101.000 at 101.020. The reason for setting a pending buy order here is because we are currently trading around weekly and Daily demand areas (101.206…100.747-100.967). We would not normally set a pending order around psychological levels such as these, but since we are in a great higher –timeframe location it is worth the risk (Weekly: 101.206 Daily demand:100.747-100.967).
• No P.A confirmation buy orders (Red line) are seen in the current market environment.


• Pending sell orders (Green line) are seen just below supply (103.294-102.983) at 102.953. A pending sell order was set here due to this being an area where likely unfilled sell orders are.
• P.A confirmation sell orders (Red line) are seen just below supply (102-191-102.104) at 102.074. A P.A confirmation order was used here purely for the simple fact we are trading around a higher-timeframe weekly support level at 102.206 meaning we may see a small reaction, but nothing to write home about, hence the need for confirmation!

• Areas to watch for buy orders: P.O: 101.483 (Closed in profit) (SL: 101.375 TP: [1] 101.754 [2] 102.000) 101.020 (SL: 100.786 TP: Dependent on price approach).P.A.C: No P.A confirmation buy orders are seen in the current market environment.

• Areas to watch for sell orders: P.O: 102.953 (SL: 103.317 TP: Dependent on price approach). P.A.C:102.074 (SL: 102.214 TP: Dependent on approaching price action after the level has been confirmed).

1 hour ago
COST, D Long
0 9
Costco caught up some buying momentum after it broke up its consolidation resistance at $116.60 and had 2 days of follow through. Price found top at $126 and was sold off to $110 which acts like major support for this stock.
It was out of play for couple of months but for now if it will hold above breakout point it will keep active traders attention.
Higher lows and higher highs tell us that buyers are in control. Next important resistance is at $120 which could be our target.
1 hour ago
AAPL, 60 Short
3 52
Reversal candles in AAPL always should be respected.
2 hours ago
GER30, 240 Short
1 36
If the SPY moves to the DAX levels, it would be 188.
2 hours ago
J6U2014, D Long
0 6
YEN (J6U14) has been ranging between 0.9931 and 0.9600 from Feb to Jul 2014 (a part from a false breakout in June). A close above 0.9931 would probably project the price higher to 1.02680. I'm probably entering long 0.9884 as indicated in the chart with intermediate objective 1.0050 expected around the 22nd of July 2014.
2 hours ago
AUDUSD, 240 Neutral
0 34
4hr TF.

What a beautiful site that is! Look at the way price reacted to our 4hr decision point level at 0.94408. Clearly pro money pushed price hard north, but not without stopping out a ton of buyers in the process, look at the tail marked with an arrow. These are the situations where one enters into a trade, price stops you out, and then shoots off to your designated target(s), and I am sure we all know how frustrating that is!
Once price hit the aforementioned decision point level, the sellers took control with buyers beginning to show interest around the 0.93671 area. A small retracement may well be seen from here, but overall we believe price still has a little way to drop first to at least the 4hr demand area at 0.93208-0.93417, so anyone who is short, don’t go bailing just yet!

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 the decision point level (0.92566-0.92736) at 0.92775. The reason for placing a P.A confirmation buy order here rather than pending buy order is simply because we were trading just above a daily demand ‘buy zone’ at 0.92046-0.92354, meaning pro money could very well just ignore this level completely and trade deeper into the aforementioned daily demand area, so, confirmation is the order of the day!

• Pending sell orders (Green line) are seen just below supply (0.95425-0.95096) at 0.95052. A pending sell order is placed here due to this being an area where pro money was interested in before; see how close price came to the supply area? (Levels above), this indicates possible strong supply (selling pressure), so the next time price visits we can expect some sort of reaction.
• The pending sell order (Green line) set just below the decision point level (0.94408) at 0.94382 is now active. Our first take-profit target has been hit at 0.93678, so do keep an eye on our second target seen within 4hr demand below (0.93208-0.93417) at 0.93360.
• The P.A confirmation sell order (Red line) set just below the round number 094000 at 0.93959 has been cancelled, price rallied too far away from the entry level to remain valid.

• Areas to watch for buy orders: P.O: No pending buy orders seen in the current market environment. P.A.C: 0.92775 (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: 0.95052 (SL: 0.95467 TP: Depending on price approach) 0.94382 (Active-1st target hit) (SL: 0.94677 TP: [1] 0.93678 [2] 0.93360 [3] 0.93000. P.A.C: No P.A confirmation sell orders seen in the current market environment.
2 hours ago
J6U2014, D Long
0 8
YEN (J6U14) has been ranging between 0.9931 and 0.9600 from Feb to Jul 2014 (a part from a false breakout in June). A close above 0.9931 would probably project the price higher to 1.02680.
3 hours ago
SPY, 60 Short
0 46
Nice Wolfe wave on a 1 hour SPY chat. Note that SPY "kissed" the trendlne on the close yesterday.
3 hours ago
IWM, 240 Short
1 28
After reading Linda Raschke's great book, "Street Smarts", I have become a believe in Wolfe waves.
3 hours ago
AUDJPY, D Short
1 223
AUDJPY is breaking-out heavily from the short term sideways range among 95.20 key support level, and 96.50 key resistance, which i mentioned in my previous post that i would look to short if a breakout materialize.

Bearish Catalysts:
- A break below Main near term support at 95.20 includes the latest low, the 50-days SMA and main rising trend line
- A bearish divergence on RSI supports the bearish scenario

Best of Luck
Technician: https://twitter.com/thefxchannel

-------------------------------------------------------
Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game ;
3 hours ago
USDJPY, 240 Short
1 73
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.