NZD USDwe miss this chance after breakout the triangle,
i think it will go more down after breakout the 50% fibo .
Down
EURJPY after breakout this flag it will tack a EURJPY to more down side , but if it breakout 129.10 will go up more to 129.70 .
S&P500 short preparationThe level 2400 is very important as support. If this support were broken, this could lead to a stabil down trend. We are preparing for this scenario and starting to create smaller short positions.
DJI WILL BE DOWN - USA STOCK MARKET CRASH 2017I see that US economy is in downturn
according from many economic factor such as CPI , Core CPI, unemployment
all worsen throughout
therefore this will be market crash in 2017
wait and see
GLD - H&S formation short, $121 October Puts, Target 115.73Possible H&S on GLD. We would consider $121 October Puts, which last traded for $2.41 ,
* Trade Criteria *
Date First Found- August 2, 2017
Pattern/Why- Possible H&S
Entry Target Criteria- We would consider $121 October Puts, currently $2.41
Exit Target Criteria- 1st Target $115.73 2nd Target $114
Stop Loss Criteria- $122.33
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Bearish bias for GBPAUDHello traders, we have seen bearish impulse during Friday trading season. As seen on the chart wait for the flag and than sell. From here on, we might go directly threw previous support or bounce for one more up as marked on the chart. Overall bias is to the downside.
Wish you good trading.
EURUSD short nice chance for a 2:1 risk rewardEURUSD try to short under this level
good chance for a 2:1 risk reward
EUR/GBP, possible Bullish Crab Pattern (For the past couple of months I've been learning about FOREX , therefore I am not sure if the following event is going to occur, so don't pin yourself down on it.)
Good day everyone,
While searching for harmonic patterns on the EUR/GBP charts today, I think I might have found a Bullish Crab Pattern. First me and a friend where thinking the following pattern could have been a Butterfly Pattern.
But after looking closely I think that the CD-leg was to long for a butterfly (the CD leg of a butterfly often is between the 1.168 and 2.24 fib levels) and therefore might be a Crab Pattern (the CD leg of a crab often is between the 2.24 (or 2.0) and 3.618 fib levels).
Besides the CD leg being to long, my oscillating indicator is tell me there might be some room left to go up a few pips and my trending indicator is showing me that the trend is still rising. Therefore the chart might still increase in about 20 to 80 pips. Worst case is that the pattern is a butterfly and that means the chart is still going down anyway.
summarized in the next couple of days there might be an downtrend coming.
on the chart you can see the 3 resistance levels/ turning points (blue) and 3 support levels/ take profit (green). And if you scroll the chart to left you can see a lot of earlier resistance and support levels (between 2017/01/09 and 2017/01/18, 2016/11/15, between 2016/08 and 2016/10) which is a good sign.
Tell me what you guys think, do you think I'm going to be right or wrong and why?
Kind regards,
Khaine
USDJPY ShortAll there. JXY strength, dollar weakness. Gold up to new record highs, pushing the Yen down.
ETH "Out of gas"Seems to be like eth is out of gas for further movement to 400-500. We cannot go up forever. Need some retracement.
