Europe
EURGBP HEAD AND SHOULDERS PATTERN1) A completed head and shoulders pattern @ key daily resistance @ 0.86002
2) A break of the trend line will warrant short entries
3) Downside target ~ Support zone @ 0.82971
TRY/RUB – SHORTTurkey will be the looser of the upcoming conflict with Russia (3. World War).
Target @18.50
EUR/RUB – SHORTOn a long-term basis short. Because of a threatening 3. World War between Europe and Russia.
EurNzd Huge Bear Trap Textbook Bear Trap in EurNzd pair.
This pair rejected 1.50 very strongly, and moved up to 1.55.
We are now seeing a corrective move for the first bullish leg.
I am looking for continuation and a second bullish upmove.
Long @ 1.5345 Stop 1.5320 Limit 1.5825
If the stop is going to be taken out, i will be looking for a second more conservative entry opportunity.
Stoxx50 – Bearish break inside larger falling trendA corrective rally inside a larger descending trend line has officially ended yesterday, given the bearish break from a smaller rising channel seen on the daily chart (on left hand side).
The daily MACD has turned bearish as well, suggesting the upticks are likely to find fresh sellers.
The downside towards 2900 stands exposed and the bearish invalidation is seen only if the index ends the day above 3K levels.
EURBRL INTO BIG SUPPORT ZONE - HIGH PROBABILITYThe EURBRL comes into BIG Support Zone. The RSI Indicator shows Positive Divergence.
Big Support Zone around: 3.50
Fist Resistance zone is around: 3,95
Second Resistance zone is around: 4,50
Go Long after the price breaks the red line. This gives confirmation higher prices will come.
There is a good risk to reward ratio. First Profit Target is around 3,95 and Second Profit Target is around 4,50
DAX COMES INTO BIG RESISTANCE ZONEThe DAX has shown some weakness and Closed Lower yesterday. It now comes into a Big Resistance level where a lot of zones and trendlines come together.
It is possible we can go a bit higher first. However we have to wait untill confirmation before we go SHORT. The price has to break the 10680 Level to give a clear sign of further correction.
After the break of this level small support can be found around 10475 and after that 10325 .
BEARISH SETUP for ULE (2x EURUSD in a single day)BEARISH SETUP for $ULE (2x EURUSD in a single day)
Waiting to be returned to 2015, early Dec. levels
CAC 40 and the world: the End soon after the short at 4700August 31, 2016
Everything is on the chart. It is very precise and you may doubt that it's feasible I know. The lines are not random, they correspond to very specific levels (4700 -> 4450 -> 4500 -> 4280/4310 -> 4450 -> 4084 -> 4300 -> 4090 -> 4180 -> 4084 -> 3709 -> 3904 -> 3556 -> 3477 -> dead cat bounce -> 3050/3100
I would go long now until 4700. Some bad resistance will have to be taken away at 4600 and 4666.
It will drop from 4084 to 4709 in a single week. Probably in summer 2017 (August here). The ultimate target is around 3050-3100. Then I would go bullish until 4450 (May June 2019) then reshort a bit. We shall see !
8) Long the CAC with a stop-loss order below 4390 then shortAs mentioned before, there is a massive convergence at 4666 (scenario 2). 4600 could be shorted too, but be ready to suffer some losses if the CAC 40 goes to 4666 thereafter.
My bet would be that the CAC could run down either today or tomorrow to as low as about 4400. Long @4423 seems to provide a good risk-reward ratio.
The afternoon session could become a good scalper's day.
I would be very surprised if the CAC 40 goes much lower than 4400
4) Repeat: The European Central Bank created artificial pricesAugust 14, 2016
This is the text from my comments on the charts:
January 2015: These levels above 4530-4600 are totally artificial .It was an aberration created by the European Central Bank (Quantitative Easing),
which helped the CAC40 hits its long term diagonal resistance before it would collapse.
Greece and China were merely excuses.
Greek CDS (Credit Default Swaps) clearly showed that Greece had a bond default probability of about 85% in January 2015. Well done !
Can you see that by the end of 2015, the price of the CAC40 went back to its last value of about 4550?
It was a lost year. And yes you are not seeing it wrong: that is the infamous Head & Shoulder pattern, as I mentioned many times here and elsewhere.
European + US indices will certainly start plummeting in a month or two in my high opinion.
The blue lines being shown merely depict one possible path and cannot be taken for granted. You guys can perform an Elliott Waves analysis and see.
I do not currently possess enough knowledge/information nor the right skills to tell whether this would work or not. We shall see how it plays out !
EURUSD SHORT, NO STOPS ONLY TAKE PROFITSSSI: THE SPECULATIVE SENTIMENT INDEX till now is -1.6053
RSI: 38 on 1h.... 53 on 1d
Sell positions can be made at price of 1.1150+
The exit of the market can be done at level 1.1030, waiting for a small reflection from this point and sell again till 1.0976 if the market breaks this level next levels are 1.0954 and 1.0919.
Bull Wedge triggered short signalHourly chart strongly broke above 1.1119 resistance and had good follow through on Friday. This breakout followed strong breakout on Thursday. However, this breakout is still within the trading range of last 4 weeks. Weekly bar currently overlap last 4 weekly bars so this could be a test of the top of the range. As majority of breakouts above trading ranges fail so betting on breakout failure is more profitable strategy than betting on breakout success.
On hourly chart, there is a wedge (3 push movement) which poked above the wedge at 1.1181 and strongly reversed down. As one reversal was not enough to reverse the strong bull spike so second attempt was very likely. Second attempt also failed by giving doji bar as a weak signal bar. Aggressive traders certainly went short below doji (including myself) but conservative traders waited to see next hourly candle which was strong bear candle. So, bears will be looking to short 1 pip below the hourly candle with STOP LOSS 1 pip above the bear candle. As doji was a signal bar (though weak signal) as well so it is better to place stop 1 pip above doji bar as comparatively more sellers will be lookingto defend that level. In addition to this, top of wedge is testing the resistance level so it seems highly unlikely to break above it without some retracement.
In addition to wedge, hourly chart is also in broad bull channel. So it is much more likely to test the lower band of channel next so that make it another reason to take short.
When stops are too far away then traders try to scale out to protect their open profit and that push the prices down as well. Bulls have their stops at two possible locations, 1.1103 or 1.1068/1.1074.
In addition to this price is far too stretched (look at 20EMA) so price has to consolidate sideways to down before bulls can attempt another breakout above 1.1197.
ENTRY: Short 1 pip below Friday closing price (Based on your broker it might be different)
Target: 1.1120 but active trade management required as price is expected to find some support at 1.1147-1.1153 area
SL: 1 pip above doji bar (second last hourly candle on the chart)
Brazil, a safe harbor in the world marketDue to the increase in Debt/GDP of the world's biggest economic markets, the BRICS, and specially Brazil, that is impeaching its left wing corrupt president, are good options for those that want to escape from the bail ins and outs of the european market and from the chinese bubble. Obama's economic policy is also putting US in a very delicate situation.
In short, come to Brazil.
EURO STOXXForming a Bearish Gartley Pattern, finding resistance around the .786XA mark which is also the area of the AB=CD. !.27 BC projection makes up the bottom area of the price reversal zone. Awaiting price action and confirmation.
Any Comments?
Dancing with DeutscheIn these unprecedented times of monetary intervention, the negative rates employed by the central bank; either here or abroad, often put extreme stress on banking institutions to create revenue along with increased regulation but recent activity in the Eurozone suggests that some banks may have been incorrectly priced from recent restructuring attempts.
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EURNZD breakout levels based on manual S/R drawingEURNZD breakout levels based on manual S/R drawing,
I consider 2nd breakout as possible entry for me. I welcome your comments and thoughts about this!
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Fibonacci retracementIn the Fibonacci retracement level the pair was 50%, it looked like it was not going to get there before the departure of the United Kingdom of the European Union, but this will -to Euro has fallen well.
What can we expect from Euro Dollar?
A bounce higher, at any time surely a statement of Mario Draghi who can back to Euro in the play will.
The next level is 1.1236 upward and downward the 1.0940, you have to keep an eye on the price action this week is a good week to do scalping.
GBP/AUDBREXIT. Sitting on my hands to be fair. the uncertainty isn't my portion. Anyway my thoughts on possible outcomes. i believe the target I've set can be hit on the exact same day of the decisions, looking back to the Swiss move previously, market is much more prepared for volatility than previous.
