USDJPY Breakout/Breakdown opportunity on either the 5/15 min chart. I will be taking the this trade on the 5 min chart with a BREAK & CLOSE out of Balance Area. Stops & Targets are shown on the chart. Bearish Div RSI.
EURUSD has been in Consolidation this morning. I'm looking for a Break & Close out of the Balance Area in EITHER direction. The Break & Close is my Entry Trigger. Stops go 1 ATR Above/Below Breakout Bar. Targets are shown on the Chart. I'm not sure how much Momentum we will get on the EURUSD today with this being Thanksgiving Week here in the US and Momentum is...
The Rising Channel of the GBP/JPY has been broken and has closed below the Channel. I took a short on the first close below the Channel. My stop is 1 ATR is above Breakdown Bar around 187.05's. I listed a few Target's for you guys. Choose them as you wish. I only Trade 2 Targets per my Trading Rules. In order to get this pair we need to see Risk Aversion. All JPY...
The GBPJPY has been in a Rising Channel since October. Rising Channels tend to break to the downside. Today we finally got a break & Close out of the Channel on the 4hr Chart. This would be a longer term trade. Stop is 1 ATR above Breakdown Bar. Target is the measured move of the Channel (yellow line).
EURUSD made a move down in the Asia Session and is now setting up a bear flag. I will only trade this to the downside. I will need to wait for a Break & Close out of the Flag before selling. Target #1 is the measure move of the flag's channel (Yellow Line). Target #2 is up to you. I use the next major Fib level for my Target #2's but some people like to use the...
Breakdown Short Trade has been Activated and is almost at Target #1's already. It was activated on a Break & Close out of the Balance Area.
WTI Oil continues to trade within the its relevant range, marked by the 1st standard deviations from 66 day (quarterly mean). So far it held 2 breakout attempts and has stopped compressing since our last update (see related idea). The eventual break from the range is very likely to be powerful, as the longer the price sits within it, the more energy it has for...
ERN broke a rising wedge pattern to the downside today. Quick short, as the break was on weak volume, as well as support nearby to the downside. Target 1 3.75 Target 2 3.50 Tight stop, within 20 cents
The rising wedge broke downward and thus we should expect lower prices in the coming weeks. A reasonable target would be 1.04.
Recently GBPUSD has broken below lower 1st standard deviation from quarterly mean, initiating a new leg downwards. If the price continues down from here, the closest target is relevant lows at 1.5150 If those are taken out, price will be very likely to fall to the lower 1st standard deviation from 1-year mean at 1.5000 Thus downwards scenario will be only...
EURUSD is currently on risk of breakdown, as it falls below 1st standard deviation from weekly (120-h) mean, amid expanding volatility (measured by 3.2 st deviations from the mean) - signaling downtrend probability Traders can pick short positions closer to the lower 1st standard deviation (at 1.12525) with STIOP at the mean itself (1.1315) Traders should mind...
GBPUSD is on risk of a macro breakdown (see related chart) On short term basis the situation is now tradable - Pound is breaking below 1st standard deviation from weekly (120-h) mean, amid expanding volatility (measured by 3.2 st deviations from the weekly mean) Traders can pick shorts at the 1st standard deviation (1.5300) and stops at the weekly (1.5375)...
USDCAD is on risk of breakdown from its relevant lateral trend, marked by the 1st standard deviation from weekly (120-h) mean. Traders can pick shorts at the lower 1st standard deviation (@ 1.3200) Stops should be placed at the weekly mean (@1.32550) Traders also should mind incoming news events next on Tuesday!
AUDUSD has broken below 1st standard deviation from weekly mean (120-h) which has negative slope. Probability of further dowmove persists as long as price is below the key level. Traders can pick short position close to the 1st standard deviation (0.7315) in expectation of a breakdown with stop at the weekly mean (0.7345).
Looks bearish along w/ a lot of other momo stocks with the market still stuck in consolidation at the moment and in a 6-8 month range. With this market uncertaintity as far as the direction of the market.......many momo stocks are breaking down. As a risk/reward setup.......NFLX looks like a short right now as it has b/o to the downside of the immediate uptrend...
The 10-Year Treasury Note Yield is on the verge of breakdown due to the recent downtrend in oil and consequent lowered inflation expectations. Despite the anticipated FED rate hike, the Yield can actually go in opposite direction (the famous puzzle outlined by Greenspan, the former FED chairman) The breakdown in the Yield will be confirmed on quarterly basis, if...
GBPUSD broken below 1st standard deviation of weekly (120-h) mean amid expanding volatility, signaling probability of further downmove. Traders can pick shorts below or close to the 1st st deviation (at 1.5580) with stops at the weekly mean (1.5605) The trade will be confirmed if price falls below relevant lows at 1.5550. Traders should also be aware of...
Looks bearish here as it has b/o to the downside of the intermediate upward trendline from 4/14'. It also just had an outside bearish engulfing week 2 weeks ago and has been trending lower as it is testing major support lvls. Also has been in a consolidation range for almost all of 15' & can't seem to break out to new highs which this consolidation could actually...