Weekly resistance has finally been hit again as we form a double top with bearish confirmation. We are also currently sitting at the 14EMA (as well as the 50SMA) awaiting a break of this supportive area, from there my bearish leg will be confirmed an in full swing. No major news events for the coming week either besides Retail Sales releases on Thursday. By then...
It has been quite a while now with no clear indication of where the market is going next. Brexit this, brexit that is all we hear these days but when will these sounds turn into music we can all dance to? The pound is under significant pressure to finalize the brexit deal. If the deal goes sour, GJ will be a very good pair to watch and trade as the yen has been...
SQUEEZED OVER RESISTANCE PERFECT BREAKOUT AND RETEST WATCHING $30 DOLLAR MARK TO TAKE PROFIT
short term bullish: On the weekly we have started created a series of higher lows which also happen to have broken and retested my resistance level, turning it into support on the daily timeframe. Very bullish for me and a low risk setup.
LAST BULLISH PUSH SCARE THOSE WHO HAVE STARTED SHORTING THE MARKET AND EXCITE THOSE WHO THINK IT WILL GO EVEN HIGHER THAN 3K?
THERE IS A LOT OF PANIC IN THE STOCK MARKET WITH REGARDS TO A COLLAPSE. I WILL BE WAITING TO SEE IF FACEBOOK CAN GIVE ME ONE LAST PUSH BEFORE ANYTHING DRASTIC HAPPENS. BUYING FROM THE PESSIMISTIC AND SELLING SOON TO THE OPTIMISTIC
WEEKLY CANDLES VERY BEARISH EVENING STAR COMPLETED ON GOOD SUPPORT IF STOCK MARKET TENSION CONTINUES, MORE TALKS OF THE ECONOMIC COLLAPSE AS WELL AS TRADE WARS, THIS SHORT POSITION WILL STAY VALID
Following my analysis posted on GBPJPY, I believe that if the opposite happens (good brexit deal for the GBP as well as bullish economic data, CPI and average earnings) this pair would continue to print a strong bullish candle for the month. Our resistance trendline will have to be broken first, after that we will have a lot of room for the bulls to play...
SERIES OF LOWER HIGHS AND LOWER LOWS STILL UNDER PLAY. 25 SMA STILL RESPECTED ON H4 AS OUR BULLS WERE REJECTED AGAIN TARGETS FROM HERE 1.14333 1.13651 1.13084 ANALYSIS BECOME INVALID IF WE BREAK ABOVE 1.5567
WAITING FOR SUPPORT BREAK 1ST ENTRY ON BREAKOUT (RETEST OF SUPPORT, 2ND ENTRY)
Breakdown of a long term short trade I posted some time back more entries and targets to look at along the way