Reasoning: Posted consecutive negative candles last week, signifying a potential topping formation. Potential ABC correction on daily chart and evening doji star reversal. Downward trending resistance line at 4341. Morning spike higher running into resistance on the 1hr & 4hr chart Ichimoku cloud.
Entry Level: 4299.1
Take Profit Level: 4218.4
Stop Loss:...
Reasoning: Posted hanging man candles last week, signifying a potential topping formation. Potential ABC correction on daily chart and evening doji star reversal. Downward trending resistance line at 4341. Morning spike higher running into resistance on the 1hr & 4hr chart Ichimoku cloud.
Entry Level: 4332.3
Take Profit Level: 4291.1
Stop Loss:...
EUROPEAN SHARES
European equities climbed on Thursday, paring some of yesterday’s losses, as market sentiment strengthens following the Federal Reserve’s rates decision and prior to the ECB announcement.
Jerome Powell provided investors with what they were waiting for, lifting borrowing rates by 25 basis point higher to the 5.00%-5.25% target range, the highest...
European stocks broke out of their channel months ago, but they are now facing an all-time resistance at the top, which positions them perfectly for a potential drop. If the SPX breaks out, it could mean that Europe will start retracing down while the SPX surges. However, it could also mean that both the SPX and EUR50 will begin their real bear market moves.
Trade Idea: Selling EU50EUR
Reasoning: Posted hanging man engulfing candle last week, signifying a key reversal. Potential ABC correction on daily chart and additional hanging man from Friday. Spike higher has been sold into this morning posting a shooting star candle on the 4hr chart at Ichimoku cloud resistance.
Entry Level: 4364.3
Take Profit Level: 4315
Stop...
The S&P 500 seems to be following an 11-12 week cycle since the start of this bear market. IF this holds again, it means the top was already formed last week and the market starts to head lower from here. I have also got confirmation for this by looking at Euro Stoxx ~ 8 week cycle which is giving the same signal.
EUROPEAN SHARES
European benchmark indices opened slightly higher on Thursday, halting their recent bearish correction, as positive corporate earnings reports boosted market sentiment.
Investor appetite for risk grew following a batch of encouraging reports from companies in different region and from different sectors, including Deutsche Bank AG,...
Trade Idea: Selling EU50
Reasoning: Major resistance on the weekly chart
Entry Level: 4393
Take Profit Level: 4347
Stop Loss: 4412
Risk/Reward: 2.25/1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis ,...
we may be in a potential reversal setup at price action looks to complete an impulsive 5 waves.
weekly supply at 4369.71/4307.58.
I will be looking a decent reversal signal on the daily and looking to enter on any subsequent short positions on the lower timeframes
eustx50 may fall from here . volume on this rise is not supporting and bearish divergence as well.
we may complete harmonic butterfly pattern.
NFA DYOR
Trade Idea: Buying EU50
Reasoning: Breaking from a wedge
Entry Level: 4316.6
Take Profit Level: 4365
Stop Loss: 4291
Risk/Reward: 2:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all...
Trade Idea: Selling EU50
Reasoning: Speculative sell, stalling at the highs?
Entry Level: 4324.1
Take Profit Level: 4204
Stop Loss: 4343
Risk/Reward: 6.91:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical...
EUROPEAN SHARES
Equity markets traded sideways on Monday, hovering around their annual highs, as investors digest the surprising decision from OPEC+ countries, at the beginning of a new quarter.
Most benchmarks slid shortly after the opening bell following an unexpected oil output cut announcement from OPEC countries, which sent black gold 5% higher. While...
EUROPEAN SHARES
Stocks opened mixed in Europe, with lower market volatility than usual, as traders brace for the last trading session of the quarter that will be full of macro developments.
Gains in the consumer goods sector have been offset by losses registered by financials and real estate shares, as investors are tempted to take some profits out following a...
EUROPEAN SHARES
Share markets continued to edge higher in Europe, extending gains registered yesterday evening on Wall Street, as investor appetite for risk is on the rise before the end of the quarter.
Benchmarks from London to Milan were in the green on Thursday, led higher by all sectors, but with the best performances being brought by real estate stocks so...
EUROPEAN SHARES
Stock indices rose in Europe on Thursday, enough to pare yesterday’s losses after bullish enthusiasm towards Chinese tech shares strengthened market sentiment everywhere ahead of key macro data this week.
Confidence in equity markets seems to remain strong so far, with bull traders defending support levels everywhere on the old continent despite...
