People confuse themselves... PURPLE ARROWS - resistance
ORANGE ARROWS - support
As you can see price has been used for support and resistance on both timeframes on a regular basis, Now price is almost at this level so we will be looking for a BREAK or BOUNCE of this important level... if price BREAKS and closes above this level we will BUY, if price BOUNCES and closes below this level we will SELL.... got that? really not hard is it?
People confuse themselves.... once you master your own mind you will master trading!!!
Freesignalsweek
GBP JPY getting ready to take a dive... best get your snorkelKey resistance 145.792 - Price has been respecting this level historically, it has also been respecting a trend line over the past few weeks but once price broke out this trend line price shot up.
Now price is coming up to retest our strong resistance, and price WIL bounce and make a big move to the downside.... you heard it here 1st ;p
CHF HKD support stronger than the hulkSupport of 7.85993 is stronger than the hulk on steroids, this level has been hit more times than the back of Burton Albions net against Manchester City.... infact if you don't class this as strong support then close your laptop and stop trading.
we will be setting a buy order a few pips above current price to allow for the re test of this level..... Thank us later when you are counting your cash from this free trade.
GBP USD hitting old resistanceAs you can see from our arrows on the 4h chart that price has touched 1.28802 a number of 17 times just in this chart, this is classed as strong resistance and not to be ignored.
The current 4h candle that is forming is hovering around this resistance level at the moment and has already touched this level and retraced a little, this gives us an indication that it may be used as resistance yet again.
Now we have stated before that there is no need to wait for confirmation candles at such key levels as you may miss out on a good opportunity, so we are in this trade but with a tight SL.
We are looking at further downside movement to around the 1.26230 level and could even break and test 1.25362 support, but remember don't get too greedy when trading as the market will eat you alive!
And ALWAYS use correct RISK MANAGEMENT.
EURJPY - Short on Daily Sell Now, targeting Fibo 61.8 on Daily chart.
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NZDUSD Short coveredTalking Point:
Technical Strategy: Bearish
Elliottwave View: Bear count confirmed
Analysis
From our last December's analysis on NZDUSD (New Zealand dollar vs US dollar), nothing much changed. We are on bear trend count and able to break and trade outside corrective channel. We are considering as wave 2 wave and counting sub wave 3 for larger bear move. On shorter term wave cycle, we are considering bearish wave3 of 3 will continue and can target 6900 and below. We are now expecting channel breakout or some smaller correction in current price @ 6897.
Action
We are running short position @ 0.7035 and we closed our position here @ 6897 before we entered into vacation. To get more information on trade, please login into "Trade Signal" area.
-- By Hoagtrading.com (Twitter: @Hoagtrading)
GAIL is breaking correction and can target above 500Talking Point:
Technical Strategy: Confirming it's bullish outlook
Elliottwave View: Reversal confirmed and counting impulsive waves
Analysis
We were tracking GAIL from last few weeks and able to see breakout in coming days. Elliottwave perspective, this script is having impulsive bullish view on larger time frame which can be target above 600. However in shorter time frame, we are waiting to see triangle breakout which can atleast target above 460.
Action
We are long on this script from 425 with stoploss @ 410. Target will be 460-500.
-- By Hoagtrading.com (Twitter: @hoagtrading)
AUDCAD December Technical Analysis: Bear trend will take lowsTalking Point:
Technical Strategy: Confirming it's bearish outlook
Elliottwave View: Reversal confirmed and counting impulsive waves
Analysis
We are tracking AUDCAD (australian dollar to canadian dollar) since last month. It was trading sideways from Aug-2013. We were seen May-2015 a declined again but unable to takeout Aug-2013 low in impulse manner. We were experienced a bounce from 9170 area in May-2015. However, upside was corrective and can be counted as flat correction in Elliott-wave and possibly correction is over on 1.04 zone. With that in mind, we were expecting trend reversal should be taking place and can be seen impulsive declined from 1.04 and possibly we had it's first leg down from 1.04 to 0.9864 and now reversal confirmed from 1.0100 level. Currently we are counting impulsive bearish wave. We were expecting it's minor first leg and were expected small correction towards 1.00 which we indeed received. This provided our members who joined late in this train. On 19th Dec (Today), we are confirming correction should be over. We are marking this is a complex flat correction where price was traded in range bound. Currently price is testing horizontal support level along with weekly 200 SMA. Break of this level will expose this pair to 9400 and lower levels
Action
We are running two short position from 1.01 and 1.004, and for both position we lowered down our stoploss. We also added plan for third position 0.9909.
-By Hoagtrading.com (@hoagtrading)
AUDCAD December Technical Analysis: Reversal confirmedTalking Point:
Technical Strategy: Confirming it's bearish outlook
Elliottwave View: Reversal confirmed and counting impulsive waves
Analysis
AUDCAD was trading sideway from Aug-2013. We were seen May-2015 a declined again but unable to takeout Aug-2013 low in impulse manner. We were experienced a bounce from 9170 area in May-2015. However, upside was corrective and can be counted as flat correction in elliott-wave and possibly correction is over on 1.04 zone. With that in mind, we are expecting trend reversal should be taking place and can be seen impulsive declined from 1.04 and possibly we had it's first leg down from 1.04 to 0.9864 and now reversal confirmed from 1.0100 level. Currently we are counting impulsive bearish wave. We are expecting it's minor first leg will be completed soon and can expect small correction towards 1.00. This will provide anyone to join who missed this train.
Action
We are running two short position from 1.01 and 1.004, and for both position we lowered down our stoploss.
-- By Hoagtrading.com (@Hoagtrading)
#GBPUSD Second position added with same stoplossWe are able to mark nice and neat corrective structure and mark it as wave ii. Same time, pound is getting support from daily bullish trend line. Considering fact that pound can bounce from current level of 1.24, we are adding another position here @ 1.2401 with same stoploss @ 1.2290 on 29th Novemeber, 2016
ETHEUR: Position trade ideaWe can take a long here at market, and utilize a 25% trailing stop loss. Targets are simply new highs, although we could see a resumption of the weekly uptrend in which case it could go considerably higher. Don't exit longs, simly trail the stop loss up. Kraken does this automatically for you, so that's quite handy.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
TLT: Pending monthly shortTLT appears to be extremely toppy here. We can look to short if we see a drop under last month's low during August. If not, we'll have to move the sell stop to August's low. Stop loss is a new all time high plus 1 tick.
Good luck!
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
PAAS: What goes up...I don't think PAAS investors will be able to prove Isaac Newton wrong here.
Silver shows potential for a downtrend in the intermediate term, which makes me think it's time to short PAAS.
Entry is at market, with stop at the highest high + 1 tick. You could also look to short calls, or other option strategy, but I'd rather short the shares. We can aim for the 15 handle, with aid from Tim West's Key earnings support indicator. If we cross the earnings level below price, we can be sure this drop will materialize.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance-0.46% on such information.
GBPCAD: Nice long setupSpread between GBPUSD and CADUSD is too wide, it'll be closed soon. We can see that this is a clear long. Let's use a safe and more conservative stop loss for now.
Cheers!
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
ES mini: There's a weekly short at play hereWe can enter shorts based on the RgMov signal obtained from the ES1! ticker (rolling contract).
Good luck!
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
GBPNZD: Long at marketLet's enter long in GBPNZD at market, stop loss at 1.76952, risk 0.5-1%.
Target 1.90908.
Good luck!
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
WFM/WMT: Pair trade setupWe can take a pair trade here. Let's enter long WFM/WMT.
Basically, we'd consider risk per share, to determine the amount of shares to long and short on each leg of the pair, but not use any stop loss. Profit will result from WFM outperforming WMT in the coming months.
Good luck!
Ivan Labrie.
AUDUSD: Top is probably inLet's short AUDUSD at market, stop loss at the 0.77 handle. It shouldn't go back above 0.76447 for this trade to work.
Good luck!
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
AFTY: China A50 down from here onwardsIt appears like the Chinese A-shares have hit the top and will go back down to the recent weekly uptrend mode.
If we next week plots a new low, we will have confirmation of a potential sharp decline to ensue. It's increasingly likely that is the case, after getting overbought readings and battling to cross a low volume resistance level on chart. A similar situation can be observed in the CNHUSD and AUDUSD chart. If we inspect oil, which looks toppy here, gold, copper and other assets, I think it's likely to observe a drop in dollar denominated assets accross the board.
Check out my updated track record here: pastebin.com
If interested in my real time whatsapp alerts and swing trading newsletter, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers!
Ivan Labrie
Link to Tim West's chatroom: www.tradingview.com
We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.