Kipyegonn

Kipyegonn

Daily and 4HR chart stochastics bearish with a clear double tops on both time frames. 20 period MA key and if there is a break below the 20 Period MA, then immediate bear target is at $137.

Kipyegonn

Bulls are in charge. Any close above the bullish flag at $40 entails a break out and a chance to enter long again. Ideal bull target remains at $45 and $53 but there is more upside potentials.

Kipyegonn

Euro is strong. Buy and aim for a 1:3 risk reward ratio. Stop loss below 16.28 with take profit above 16.65

Kipyegonn

Hey guys, In the daily chart, there is a buy signal though not at the oversold territory. I will place a buy stop at September 20 highs of £1.32. If price action fails to correct lower towards the 20 period MA and at the 61.8% Fibonacci level then our sell stop will most likely be activated. This trade will be as follows: Buy stop: £1.32 Stop Loss: £1.3 Take...

Kipyegonn

Hey guys, There is a break above resistance trend line and bulls should be in charge since prices are outside the bull flag. Buy stop above recent highs of $5.2 with targets at $7.2 should be ideal. Enjoy your trading day.

Kipyegonn

Hey guys, Technically, I expect the NZD to chart its way up. Keeping it simple, momentum indicators show that prices are overextended to the downside and after a 10% gain against the Kiwi, CAD should cede some ground. In the weekly chart we can see that price action bullish divergence relative to stochastics. With higher highs relative to lower BB and a buy signal...

Kipyegonn

Hello Traders, Technically, I expect the Kiwi to strengthen going forward. In the weekly and the daily chart, it is hard to ignore the sell signal with a bear divergence pattern in play. Also note that this week’s candlestick could be a confirmation of an Evening Star pattern at the shoulders of a Head and Shoulders pattern. Week ending October 23 ended as an...

Kipyegonn

Hello Guys, There is a stochastics buy signal and a bullish divergence on this crypto-pair. Enter long at any close above $90 and aim for upper resistance line at $

Kipyegonn

Hey guys, There is price action bear divergence pattern relative to the stochastics which are moving lower. Other than that sell signal, there is a clear double bar reversal happening at the 3rd quarter of this wedge meaning at any time there will be a break out. A break out below the 20 period MA and support trend line will be desirable for AUD bulls looking for...

Kipyegonn

Hey guys, Time for some NZD bulls in this currency pair. Technically, in the daily chart, it is clear that a break out trade is in play. First, notice that support trend line break out on 15.09.2017, after that price corrected higher as a stochastic buy signal was printed after 02.10.2017. Between 19.10.2017 and 25.10.2017, there was congestion and a consolidation...

Kipyegonn

Traders, At the moment , we are heavily net short the Euro mostly as advised by technical developments. In the monthly chart, you can notice price action are trending lower in relation to the upper BB. That is despite EURTRY being higher price wise. Stochastics are also over extended and a sell signal is in the process of being printed. Secondly, in the daily...

Kipyegonn

Hello guys, It is highly likely that that 28-29.10.2017 double bar reversal pattern with a stochastics buy signal was a retest of the support-previous resistance line at $5.0. If so, then we expect LSK bull pressure to continue with immediate target at $6.5. For that to happen, there should be a resurgence and closure above the 20 period MA and the resistance...

Kipyegonn

Hello Guys, After 22.10.2017 candlestick close, DASH price action closed below the lower BB meaning price was overextended. Since then, we have seen, despite these crazy whipsaws how prices have been moving higher relative to the lower BB. DASH prices have retested $250 support a couple of times but they always close within the BB. DASH prices are also closing...

Kipyegonn

Hello Guys, Today, I will short the Euro again as I look to take advantage of this across the board weakness. Though there is no sell signal in the monthly chart, there is a perfect evening star reversal and a bear divergence pattern in the daily chart. In fact, a gravestone doji was printed above the upper BB as the market closed on Friday. A stochastic sell...

Kipyegonn

Hello guys, Despite LSK bullish break out above the resistance trend line, LSK bulls are not in the money yet. USD bulls are pushing LSK prices towards the 20 period MA and support-previous resistance line, and currently $4.7 is turning out to be a minor support line. Volumes are low and there is a sell signal even though I won’t advise USD bulls to execute...

Kipyegonn

Hello Guys, DASH continue to consolidate, benefiting scalpers. If anything, there is a clear three falling method candlestick pattern with price action held within a $68 range marked by 24.10.2017 Hi-Los. By 26.10.2017 close, the significance of the 20 period MA as a reliable resistance line became clear. As mentioned yesterday, that was the 26th trading day of...

Kipyegonn

Hello Guys, Matter of fact, the Euro depreciation just begun. If you didn't catch that surge down , don't panic. Next week will offer better entries as more and more people jump, the EUR will jerk up a little bit before continuing with the plunge. Two technical considerations advised my entry: 1. Notice that bear divergence pattern over the last 20 trading days...

Kipyegonn Updated 

Hello guys, Strong bearish engulfing pattern is in place after two previous attempts of AUD appreciation and close above 89. This move down was accompanied by a stochastic sell signal and reducing momentum both in the daily and monthly chart. In my opinion, price will continue to trend lower despite the easing expectations which is associated with Abenomics....