As we can see this pair has been in a range since 2013 (green lines limits of monthly),
On the dailly we see more range movement (red borders).
As price is now at a point historically considered low we expect market to go up.
$IBEX35 looking attractive for a big bounce after breaking downwards resistance that was holding back price since July 2015.
The first target would be 9200 and second target 10000.
Aggressive stop loss 8400, loose stop loss 8200.
We can start with a quick short, the market seems to be going for a slight drop, it's probably going to have some problems going through the 0.74500 (TP: 0.73964 SL: 0.75080). After the currency drops significantly, i expect it will try to break the 0.74500 resistance line and go try the 0.75000. Long at 0.74012 (TP 0.74802 SL: 0.73545).
I will setup the second...
I SEE THESE TWO CHANCES OF TRADE HERE. I AM VERY SURE THAT THE MARKET WILL BRAKE THE TRIANGLE RIGHT AFTER HITTING ABOUT 5 TIMES THE DOWN SUPPORT LEVEL AS YOU SEE WITH THE 5 ARROWS. LET ME KNOW WHAT YOU THINK!!
CARLOS
WOLF OF PALMA
Yeah you probably can short XMR in the minutes, or hours; no question about it. But if you're long on Monero I think this chart speaks volumes with the very wide bollinger bands and huge MACD divergence.
$DAKT has spiked nearing the $10 level, looking for the short in the morning, I have a loose stop because it could pass through the 10 dollar area and spike into the resistance last year. but if it goes above 10.30 then I'm out, but I will build into a short with the 10.30 area being my exit point.
A break of the current channel and yellow trend line will be my short entry.
A solid break above the green line will be a good long entry.
I have a long position open already from 1.16 so I have moved SL to 1.297, just to squeeze some more profit out if it bounces now inside the channel.
I'll be watching for a spike into the 3.50's level tomorrow morning to short off of, sticking to my stops though because it could easily pass through that half dollar resistance and continue running to the $4 level which we can short off of
