Currently short EURUSD from Nov 20th at 1.14100
Looking at another short position from 1.1370 and another position on the close of todays candle as we can see rejection from the upper Bollinger band and a strong outside day bar.
I believe we will see some buying pressure at 25k and possibly push through 27k before the year is out. The weekly chart is showing an outside day bar from the lower Bollinger band.
I'll have my stops just below 23900.
Buy order at 25k.
Looking at a potential short on EURUSD weekly.
Outside day bar from top of the Bollinger bands. RSI not quite as high as I would like but still in the 90s.
Entry on break of last weeks low or a pullback to depends what comes first: 1.16700
TP 1: 1.1450
TP 2: 1.1200
Looking at a potential entry on Diageo.
Price looking oversold on the RSI, strong volume on todays engulfing bar from the lower band.
Although, some negative news re FX conversion rates it is a insignificant amount in relation to the total revenue.
I want to see break above todays high to enter.
Following a brutal sell off recently rolling a CEO step down, now could be the time for a long entry on SGE.
Looking at an entry above Fridays high.
Engulfing bar on strong volume
Rejection from lower Fib
RSI 2 oversold
May be good for a bounce.
Looking at a buy on EURUSD on the break of this 4 hour candle. Strong rejection from lower Bollinger band and outside bar formed. RSI2 oversold. Trade is valid as long as this candle stays bullish on the close.
After my analysis of $TTWO I checked out other stocks in this sector.
ATVI is looking like another potential short. Outside day from the top Bollinger band. Price is also in a downtrend with rejection also from the Fib .500
Entry on break of todays low
SL at 76
TP1 at 71
This is a contrarian view on TTWO. I don't short very often and if I do its usually short term only.
We have an outside day bar rejecting from the top Bollinger band forming a tweezer top pattern.
I'll be looking at entering on the open tomorrow as long as price breaks todays low.
SL at 140
TP1 at 128
TP2 at 120
So this is a quick example of how I use Bollinger bands to trade.
I use standard settings on the bands and look for rejections from the top and bottom of them.
Now, you will see lots if false rejections from these areas. Thats why I only trade outside day bars which have shown rejection from the top or bottom band. The days bar needs to complete engulf the...
Will be looking to buy on a break of todays high on NMC.
Fundamentals look fairly solid. Price is in a clean uptrend, short term pull back with a strong rejection from the £27 area.
RSI/STOCH oversold. Around 70% Institutional ownership.
Stops at £26.
Looking at a buy from 348. Price has held at long term support at 338. A decent push on volume has formed an outside day bar.
RSI and STOCH oversold. Strong fundamental outlook.
Stop at 326.
Looking at a further short on USD/JPY.
Price has failed to hold above 102 and is looking like the daily close will be below 102. Although today was a UK bank holiday I still feel it indicates USD weakness agains the yen.
We could see a push towards the descending trend line, however, I will look to short if we break below Fridays close of 101.759.
Looking for a short at around 1.318. Bearish engulfing bar formed on Friday. Price has stalled at the support level 1.3100.
Looking for a swing back to 1.318 before entering. A weak pound keeps me bearish on all GBP pairs for the time being.
120 pip stop, first TP at 120 pips, second TP at 1.284.
We have had a pin bar rejection from the 100MA which coincides with the descending trend line. Also we have a lower high below the high in April.
The RSI 2 is overbought.
On the daily we see a divergence on the MACD over the last few weeks.