Looking for short entry in this cross. Beware of possible overshoot due to lack of weakness.
My general outlook on NASDAQ. The ending diagonal may be forming af triangle in its last fase. Beware of the possibility for the E-move to overshoot - ending diagonals can be furiously volatile when topping. Break below 4340 level is canceling the pattern. Not in this trade atm.
DXY could be in a deeper correction. We do have some bullish options when T1 is hit. Arguments on the chart. Stay safe
Bounce is imminent, tight r/r. Good luck. In general Stock markets have shown us some weeks with very poor volatility and liquidity. My prediction is that we are likely to face a significant correction -15%(at least), so I am taking some money out of the market with some short positions along the way.
My previous forecast did not go well although risk was eliminated when the drop came. This is my last thoughts on WTI in near-term. Still bearish on this.
Short in oil for now. Back to structure. Add more when below $ 57.
Lets see where AUDJPY is heading. Trade for a swing. Both ways in play.
Small push EURUSD. - Consolidation has finished - Rest on fib retrace level - RSI 40 level broken once again - New MAGNUS cycle likely to begin Play safe and only small stake on this one. Tight stop loss.
Despite good mood in the markets today this offers good r/r. Good luck.
We will continue down until the bearish maintrend is broken. T1 and T2 are estimates and will likely be adjusted later. update 27.04.15 BABA has broken the main bearish trendline update 29.04.15 Even though the main bearish trendline is broken, it seems that bears are still in control.
Wait for break and set tight stop loss. I believe we will follow the maintrend of the day and break to lower, but patience is key. Have a good weekend.