Watch for increasing volume and a breakout. 20ma supporting.
USDJPY did break out yesterday within the symmetrical triangle pattern. Is it going to rally more or would it retrace back to support?
There has been really nice bounce and price is now testing the sideways resistance, if we break out and we manage to stay two 1D candless above the sideway line, then we could see rally to the first resistance (yellow line). If we break more down, then we could see indices that Bitcoin is going to retest the 3.100 USD price. The market is highly manipulated,...
Reversed short position into the upwards scale for NASDAQ:AMD Entered at 26.94 with target at 32.92 area
Uj has shown alot of indecisive price action on the past month, this pair unlike other Yen pairs has shown more bullish arsenal than bearish. I will wait to see which end price breaks towards in the MONTHS to come before engaging in this market again. At the moment it is not worth the risk.
A break out occurred, hoping it is a false one and that it doesnt hit the sl Good Trading!
EURUSD Trying For Break-Out Counter-Rally now Using DXY as the confirming signal (please see DXY updates) we've been short EURUSD for some time now, looking for a test of 94.20 on DXY as the likely medium term top for Dollar strength across the pairs. That came yesterday (too busy shorting Bitcoin to notice, sorry for that). But EUR didn't quite make it to...
DJIA Dow Jones Industrial Average Futures The Dow has had a torrid time for 3 months now, falling 14% from the highs and bouncing three times directly off the longer term parallel underpinning the rally - and which had acted as major resistance right up to the point when the new President/Paradigm took office. Over those 3 months of wild gyration and whipsaw...
Dear Brothers and sisters. This is only my opinion Maybe this is fake double top. Whales dumped Comment below your opinion.
ETCBTC Ethereum Classic Bitcoin First important resistance lies at 3378-3385 - once it can clear this range it should start to attract more buyers and begin to fly higher still spiking into the 3530-3597 range - maybe not a bad area to hang some limit orders
Very strong support zone, doubt it'll crash through. Strong resistance at 5900. However this was tested several times now, so I expect it to break this time. I'm setting the target at the resistance after the 5900 resistance. Remember to set your stoplosses when you enter: markets can sometimes be irrational. If I made you money, please consider buying me a...
Break-out confirmed. First two stops are on the chart. Good indication for huge upswing potential if price action hits these. Volume is picking back up after the holidays. Set your stop and enjoy the ride!
DASHUSD DashDollar We got stopped out of the long from 305 at 599 which was cruel considering it bottomed at 596. Just bad stop management - should have lowered it to cover the lower parallel but didn't pay enough attention in truth, so busy with those other 3 favorite girlfriends to pay this enough time. Bad. And got punished for that lapse. Back on the...
I have been monitoring the formation of a rising wedge on the EURJPY pair. Formation performance has been estimated at around 260pips and I will be entering a short pending order as soon as I receive confirmation for the break-out. I can also see the confirmation of a double top formation (or a 2618 play) in the making should the price move further South which...
Looking over the Weekly chart for the EURUSD pair we can identify an attempted break-out of the rectangular formation, expecting a continuation of the downtrend dating back to May 2014. The above is also supported from a shooting star on May 2016 (to my eyes at least), clearly indicating a short move, and we have been looking at the price tag going South since...
Based on our previous long-term analysis (please see links below), our general feeling regarding the EURUSD pair is going short. But, as we mentioned on the original idea, we would expect the price to retrace and retest the previous structure support that was broken a few days back on the 1.05700's region. We believe that this falling wedge formation may...