In a nutshell
Price below EMA 200 daily (confirmed since 5 days (small dotted ray))
Forming triangle (break-out expected)
Buy stop order around 0.86950
Take Profit around weekly EMA 200 (big dotted ray)
This is not an advise, just my personal opinion and an idea. Please perform your own risk/money-management.
In a nutshell:
Wave channel is based on 1H
Wave is losing momentum
EMA 200 daily (dotted ray) provides some support
EMA 200 weekly 400 pips below current price
TP & SL will not be published for this trade
Enjoy the ride.
FYI: This is not an advise, just my personal opinion; perform your own risk/money management.
After the double top and the confirmation I am short on WTI.
For the time beeing I ignore the IPO plans of Aramco and possible implications. I am a little bit concerned about Venezuela (among other things maintenance of an oil upgrader is planned in April) and keep an eye on the production reports as well as American frackers.
TP 1: 60.0
TP 2: 58.5
We were able to ride the two big waves in in 2018. We anticipated the first correction wave in February and we dicussed the Head & Shoulder pattern in March. Before I decide on the next trade I would like to see that the DJI closes below the EMA 200 D. We might see a bumpy road ahead which might lead us to further lows. But it is pretty hard to say how low we will...
We might see some more sellings during the forthcoming Asian session. I would expect afterwards a retracement to 12,145 followed a drop of 60 - 80 points before we see some more gains. I would expect a 0.618 retracement i.e. 12.240. This is my TP1. Afterwards the pressure might increase due to 200 EMA 4H. So be prepared and have a SL in place after TP1 to secure...
Optimistic outlook that EUZone might change current 0interest policy. On the contrary Haruhiko was confirmed which might strengthen the JPY.
Nevertheless technically I go for a EURJPY Long with:
SL 3ATR 4H
Of course this is just my personal opinion and not an advise.
After the "VIX triggered" correction in be beginning of February we saw typical Patterns incl. retracements etc. Now we have just completed the "Head And Shoulder" pattern and next week will unreveal if we have successfully entered a new bear market OR if the bulls will gain momentum again. While it was more or less obvious how to trade the correction and the HS...
Possible decending triangle. Right now I wait for a break-out to move short. Keep an eye on fundamentals, EMA200 and support at 60 USD. If we don´t see a move below the 60 I don´t go short.
Of course this is not an advise it is only my personal opinion.
Potential short on USDJPY emerging.
Two different trades: FIB trade and support zone trade.
FIB TP1: 106.28 (35 pips; 30%)
FIB TP2: 106.05 (60 pips; 30%)
Support TP1: 105.6 (102 pips; 30%)
Support TP2: 104.2 (250 pips; 10%)
Support TP´s targets are based on historical support zones and price/volume analysis which are not included in this chart.
The negative short term outlook was recently confirmed by GSG with target price: 5.00 EUR. Target price supported by fundamentals i.e. decreasing sales, margins etc. In addition, Nordex is undergoing a reorganisation which will cause additional costs (drop of 10% FTE) etc. Uncertainty about the subsidizing of renewable energies will put a lot of pressure on Nordex...
...hence we are entering the buy-zone.
Support zone: 19 - 27 USD
Target price range: 37 - 55 USD (Long term)
Buy: 19 - 20 USD
Current: PEG 0.52
Current: PE 8.00
Positive revisions of EPS/ revenues
This is just my personal opinion and not an advise.
Maybe the one or other did not see it coming when USOIL moved from 59.00 to 62.50. My SL was initiated around 60 USD and I missed my TP around 58 USD. Nevertheless I secured some profit. Even though I was little bit surprised by the move due to the fundamentals I quickly identified the main pain :) DXY. The DXY seems to be very strong this week and I am short...