concept0007

concept0007

Please be careful and apply proper risk management. When market moves well in your favor make sure to trail stop loss to breakeven. :)

concept0007

The market is bearish and has been trending down for days. So taking a sell continuation is good at this rate. The market got to a key resistance and did not break that level at all instead formed a hammer/doji with a bearish confirmation which signals a good sell opportunity. With the news on JPY coming up we are looking forward to the completion of the down...

concept0007

This market has been bearish for past weeks which clearly shows the direction it is going. The key level has been broken and was retested. Now all you have to do is wait for the new daily candle to form before taking your sell. Interest rate will be tomorrow and may help complete our trade as well. There are high chances of a strong movement down to 1.7100. If...

concept0007

This is a very tricky point for the swiss franc and the eur. Interest rate data is yet to be presented and it can spark an interest in either the buyers or sellers. the daily chart has shown how much strength the buyers had through out the past days and no significant candlestick pattern has been presented on the daily chart. This may leave many investors a bit...

concept0007

Tell me what you think.

concept0007

The dollar has been facing some trouble lately and steadily gaining strength against specific currencies. This also happens to be one of those pairs. There is a great confirmation that will be ripe at the start of the new week to go long. the doji has a strong confirmation which gives the buyers more power over the bears. This might be a good long setup what do you think?

concept0007

well this has been a good bull rally and it seems like the bulls are finally getting exhausted and a Hammer formed on top of the bollinger zone which indicates a reversal to the downside. This might be a great rally for the bears and the weekly has formed a doji which shows indecision in the market and from the pressure of the bears on the 3rd day of this month...

concept0007

there was a breakout on the 4hr time frame and its a strong sell on 4hr daily and weekly. Its a good time to place a sell position until the trend line support.

concept0007

There is a break out that seems to be forming on the 200 day moving average. If this candle closes below the 200 day moving average it can be a good setup for a sell until 0.91067 as the target. The weekly is in a strong down trend as well as the 4hr. Anything can happen in the market so watch out for reversals on that 200 day moving average.

concept0007

This to me is a good sell setup. The doji has been confirmed and all you have to do is wait for the end of this day candle. Best to not take the position now as it may retrace and possibly give you a scare you dont need. But if this bearish engulfing candle closes as it is then sell until 53.25 before any bullish pressure occurs. Thats my target a good 100 to 200...

concept0007

We have entered a range in this market and a bounce of the resistance line has occured as well which confirms a possible sell setup. A doji candle also formed and followed with a great confirmation to place a sell position which can reach a target of 4725.85 as first target then 4665.27 as second target which is were the 200 day moving average is.

concept0007

It has been confirmed!

concept0007

A reversal has formed on the daily and that is a hammer with a long shadow which requires no confirmation at all. the trend just retraced but is still going to move up abit more. the 50 sma is above the 200 sma and you can clearly see that the bulls have the most power. The weekly as well has been moving up well to give that indication that a buy is not so bad. Be...

concept0007

This to me is a money setup indeed i really feel good about it but manage your risk well only a max of 2% should be risked. Check your 1 hr time frame there is a break out on the 200sma, the 4hr time frame just bounce of the 200 sma and the same situation with daily. The weekly is a strong movement upwards. This is a strong buy and taking a sell would be risky....

concept0007

This to me is a good down trend and you can grab a quick buck from it. Well my target is 0.95252 thats were i am expecting it to reach. If you take a look at the weekly you can clearly see the breakout that happened on the 200 day moving average to confirm the sell, and the trend has been going down strongly for weeks which gives a clear direction of the movement....

concept0007

If you pay attention to the longer time frames you will realize the breakouts that occurred on the daily time frame 200 sma and also the cross over thats bound to happen with the 50 sma. This shows that the bears are still in control and the trend is going down. The 50sma is below the 200 day moving average on both the 4hr and weekly which to me is an indication...

concept0007

i see a hammer at the top of the bollinger band and a breakout has also occurred as well. The 50 sma has also crossed over on the 200 sma which shows the bears are gaining strength. There is also a descending triangle that has formed as well and confirms the strength of the bears. If you check the 4hr time frame and the weekly you can see that there is a strong...

concept0007

so doji (hammer) has formed and caused a breakout on the upper bollinger band and the shadow is longish i would sell here and no confirmation is required. The longer the shadow the stronger the reversal. TP would be by the 200sma and a reversal may occur there