A lot of upside momentum, breaking the current up trend line. I DON'T LIKE THIS.
Anyway, if we see a lot of rejection on this 143.00 level, a short would be considered.
We have had a big loss this week and we have to stick to the strategy.
Haven't sticked to the rules once every two months, and this fu**s the ...
After a good impulse, a flag contracting pattern is being formed.
I am expecting this to trully rise, the reward on this type of shares is insane, as they are less than 1 unit, you can buy a lot of units and every cent it moves, gives you an insane reward.
There is two possibilities, buy in the E or buy the break ...
We have been following oil for long now.
THe 50 moving average is crossing the 200, under a key level and after a lot of bearish momentum.
It is a great opportunity to sell if we see some kind of retrace anf mini flag formation.
Trade save guys!
After Uk minister speech yesterday 17th of JAN. we saw a massive strenght on the GBP. The biggest rise since 2009.
We have seen a lot of volatily and after a 38% retracement, and a flag being formed, we can short the EURGBP with a great risk reward.
This Take Profit is short term, but it can be bigger if ...
After a tremendous rally, we have seen a great deceleration forming a Head and Shoulders formation on the daily chart. Being the head in a monthly key level.
Now the price is just below the weekly level of 145.
If we want to add some confluences, we can see the sell set up/flag pattern formed on the H1 chart.
After an incredible ending for the USDJPY, rallying crazy with no deceleration, it has now formed a double top on the daily chart. Giving us an oportunity to catch a downside move with a profit at the 112 level.
If a flag gets formed there, we would see a major retracement to the 106 level, but if it rejects it ...
After a perfect elliot wave, 12345 and AB, now the B leg has formed a sell set up, also looking like a perfect flag formation. Zooming into the lower timeframes we can see the break and retest of this B move and has given us the Short Entry.
2017 STARTS NOW.
We've recently seen UsdJpy rally like crazy. It has now stopped at the Daily Key level. a distribution triangle has been formed and now it is moving sideways on the lower timeframes. We are waiting for a flag pattern to form to be able to get a big bearish move.
Anyway, we are on holidays and the markets will be ...
As the green C movement was the last part of the Elliot Wave, we are now waiting to se some consolidating in the 122 level. If that occurs we could consider trading the break out and go for the pink C of the ABC pattern. This is a super long term trade. It could take up to 24 months. By the way, the 122.5 level is ...
After some indecision, last week a doji candle was formed in weekly major support level. We can now se on the daily chart some head and shoulders pattern indicating long for EU in the short term.
We are expecting it to reach the 61.8 fib retracement on the green line, and then a possible downside breakout.
We are short as the hourly chart is trading below the ascending support line, now acting as a resistance line. Also we are on a historic key level of resistance. Also confluence with daily descending trend line.
We can see on the H1 chart a double top has been formed. A good oportunity to short for intraday. Then when price gets to the 1.4300 level!!! whould have lots of confluences to go long as a swing trader....
We have recently seen big bullish move on the 1h chart giving us the opportunity to catch a lot of pips on the way up to the monthly key level.
Anyway this is a BEARISH MARKET and we've got to be really carefull. We don't wanna get caught on the shorts.
This trade is taken on a 1% risk on the capital of our account.
We have just seen a good retrace on 1h timeframe. Which has confluence on the support of the 10th of May and also the 38% fib retrace. The weekly candle closed really bearish and we recently have seen two dogi candles on h1. We want to reach the -27 fib extension.