currencyprinter

No telling direction as of yet, except for sideways...until Amazon shows otherwise.

Watching Visa complete a Cup & Handle formation as it prepares to break out into fresh highs for the stock. Breaking into new highs provides little resistance for price to run, other than fib extensions and pivots. The C&H pattern provides a measured move of $30 to a potential target of $180.

Twitter, currently trading at $30.04, looks to be headed to support around $26.80, after which it should see a bounce, then decision time.

Levels on watch for $BABA. Looking for it to make a weak recovery attempt to around ~$177.50 before failing and heading back to support around $165.50.

Silver appears to be headed back toward its major support at $13.00, from where it will likely bounce and continue in its current consolidation pattern...until it doesn't. Currently trading at $14.09.

After a parabolic move up, then a breather, and another 10 straight weeks of aggressive gains...I am looking to short Boeing on a pull back from the $420's down to the $380 range. Currently trading at $422. Special tips: - I cite "Irrational Exuberance" as the reason for this short, however... - Remember that "the market can remain irrational longer than you can...

An ascending triangle forming as a name in the hot Cannabis sector sets to breakout to previous highs.

Taking Monsanto Long for a measured move of +3.74% (+$4.00/sh) to $112.50. Stop is at $106.74 for a better than 2-to-1 R:R. Volume has been strong on green, weak on red as this formation sets up to break out. This chart may also be completing a cup and handle on the daily, making the measured move closer to +$12, taking it to a potential price of $120/sh.

Short setup on sharp rejection (pin bar) from declining moving averages on 1H chart, plus price is at the top of a declining channel that is easily visible on 1H and 4H charts.

Current daily bar broke below a daily bearish engulfing bar that sprung off the bottom of the daily 20ma. 60pip stop, 160pip target.

GBP/USD has developed a downward channel on the 4-hour chart. A couple pin-bars prior reveal repeat weakness at the top of the channel.

See details on the chart as well as results of my previous channel plays. GBP also looking short against other currencies at present time.

After falling hard from strong resistance @ $82 down to $72, QCOM has retraced half way up for a breath of air and appears ready to fall another leg down to previous resistance in the $70 area. You may also consider put options, bearish call spreads, or both. All the best.

Short $AMT @ 95.16 with a 96.68 Stop, and a target down to 92.20. Price falling from strong resistance and the major psychological $100.00 number, with further bearishness showing in the price action...with a gap to close as well. Also consider using put options, bearish call spreads, or both! All the best. :)

Bearish setup at the top of a declining channel in Toyota. Also interesting is a similar setup in Euro/ Japanese Yen. $0.83 Risk for a $5.00 target. You could also consider using put options, bearish call spreads, or both! All the best. :)

EUR/JPY Short on Daily chart for 180-480pips - Do you see the powerful bear candle that formed at the top of a downward channel? I thought you would. Nice work! :) Happy trading.

Short term trade. Risk 6pts, looking for 12pts.

Strong green bar off the MA's, followed by rejection candle off MA's looking to head upward. Good R:R.