Retest of 1.00000 ?!I'm aiming with this short for the 1.00000 price level, which has to be retested in my opinion before any new highs happen.
Price felt bellow 13 and 20 MA and couldn't manage to close above the MAs' again.
Midterm
SPX 5 rejections at 2350Hello Traders,
today we would like to share with you the SPX as it shows very interesting moves currently around the 2350 level.
"White House says vote on healthcare bill scheduled for 19:30GMT (via. Reuters)." Therefore, the market currently tumbles sideways as uncertainty arises, everyone is looking at a decision which could move the SPX as it currently flirts with 2350 zone on the downside, after the break of this zone on Tuesday. Will we see lower prices? First clue was the 5th rejection of the strong resistance zone at 2350. However, important is today's close together with new from the White House.
We always mention the importance of intermarket flows, as we believe that investors only repark their money due to sentiment and global macro-economic conditions. Therefore, we always keep in mind the in-and outflows with the help of our intermarket indications that lead us towards better timing when making a trading decision. As you might know that timing is one of the most important things when it comes to trading together of course with risk/money management.
As seen in the chart, two of our three intermarket indications already moving in lower areas territory. They might be the possibility that they soon reach extreme zones of more outflow of capital to other asset classes. We always take into account the BIG 4: Currencies , Bonds, Stocks and Commodities . Only the SPX/USDX ratio shows still more potential to the downside. Movements could be soon momentum driven based on intermarket indications.
As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care.
We wish you much success,
The Secrets2Trade Team
Bullish Bat Pattern for possible Wedge Breakout!Hey gang,
got myself involved in the bullish bat pattern @ 1.0762
Looking for Targets at previous highs around 1.0815 area.
A lot of support in this zone (61,8 retracement, structure, channel etc.)
Trade your plan!
SPY MID TERM PRICE ACTION GUESSTIMATEI guess the charts tells the story, this is about how I guesstimate the mid term price action.
ABC STRUCTURE IN GBPAUD - 4H CHARTHey Traders,
I wanted to share my view on GBPAUD.
We are about to end B wave so I am looking for a mid term trade from the end of B to the end of C wave.
More than 1000 pips! Will be posting updates.
-
Hola Traders,
Quería compartir mi visión en GBPAUD.
Estamos a punto de terminar la onda B y mi objetivo es hacer un trade desde el final de esta hasta el final de la onda C.
Más de 1000 pips! Ire publicando actualizaciones.
BULLISH TREND CONTINUATION VIA GARTLEY PATTERNCurrently seeing a rejection from the bearish Bat Pattern. If we get to previous structure (without violating highs) I will get involved with the Bullish Gartley Pattern. Stops below X
Trade well
What to expect from Gold: Structure ZoneRecently saw a nice pullback into the structure zone (blue rectangle). RSI went overbought on first move. Got a potential double top in this area where also the 50 % retracement lines up.
Additional confirmation would be RSI divergence.
OR: There is a chance we see a new high into the 61.8 retracement at the top of the blue box, so be prepared for both cases.
Follow your plan
Next short: Part II $EURUSDAfter yesterdays setup we broke structure to make new lows. It is therefore important to stay in the opportunity flow of the market and stick to your trade plan.
If we reach level D we get a valid cypher pattern formation for a short entry.
Stops above X.
Trade your plan
NZDUSD H4 Bearish Bias & I'm gonna trade according to the BiasResistance cabe found near the 0.7210 region and this zone play a role as my SND as well. Any chances that the market come to the blue box region, I would short with a stop near 0.7240. If the market close higher that 0.7240 with a strong upward shaved bar, my MT Bearish Bias would be negated.
XAUUSD MT Looking Sideways, Looking to Short near 1233.00 RegionXAUUSD been going sideways since beginning of the week, a strong rejection from 1240.00 region. SND & Support found near the 1215.00 region. A volatile sideways trend, thus, preferably to short near the top and targeting the 1215.00 region.
BULLISH BAT WITH DAILY FIB CONFLUENCE! 240 mBullish Bat Pattern on the $EURUSD. The entry level aligns with the Daily 38,2 Fib Retracement of the total swing.
Stops have to go below the 1.0600
Trade your plan!
BMW AG analysesHey Guys,
Here is a chart from BMW it was in a very nice uptrend. Now we reach an interesting level of support.
If the stock close under 83, I'll be very bearish.
EURJPYThe past two weeks this pair has been fairly difficult to predict as on the daily time frame we still appear to be in a range. However what I have notice on he 2hr time frame , price seems to be in a up trend with high highs being created and higher lows. 122.000 seems to be a stalling point currently if we close above 122.000 on a 2hr candle , price may possible move up to the 123.400 area and create a new high , however caution is advised due to the way the markets have been acting the past couple weeks.
USDJPYMy bias currently mid term for this pair is short , after seeing the confluences highlighted in the chart above. Today we had a potential false break out on the 4hr chart , which also broke past my descending channel. If we see a strong bearish close on the 4hr chart & we are below 116.000 this pair can still be classed as bearish. The daily candle is also looking like its going to close like a shooting star. We still have trump speaking tomorrow which may cause uncertainty , price may spike to 116.000 , however target is set at 15.00
Vonovia Possible break-outIf it breaks the Trendline theres a buy.
Strong Company in german Real Estate with 1yr performance of 9.5%.
3 year performance 77.7%.
SPX500 Game for End of Year 2016Lets See if US Presidential Elections Confirmation+XMassss+End Of Year will Surprise US
As per Long-Term prediction still holding LONGS
Now for mid-term will test out few SHORT Positions.
Merry XMASS and Happy New Year :)
2 POSSIBLE PATTERNS WITHIN TREND: THE BEASTTwo possible advanced patterns in form of a bullish cypher and a bullish bat lining up above previous structure support giving us a decent buying area.
BAT PATTERN WITHIN TREND: POTENTIAL DOUBLE BOTTOM HIGH RRBullish Bat Pattern within Trend with potential double bottom
For further confirmation wait for close of 4 h candle and a potential double bottom. Stops below X. Targets are 38,2 % and 61,8 % retracements as shown on the chart.
TRADE YOUR PLAN!
Peace. Felix
Website: www.ogtpartners.com
Twitter: goo.gl
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Bitcoin Ascending TriangleAfter the break of the yellow triangle to the upper side and above 5200 Yuan, we are stuck in a ascending triangle. We have a big resistance above the 5350 Yuan level. We have to break the 5450 Yuan level before we can go up higher in price. The next big support level is around 5100 Yuan. After a possible downward move the price should trend up on the turquoise trendline until it hit the 5350-5450 and break it to the up side with a target around 6000-6300 Yuan.
GARTLEY WITH GOOD RR ON USDJPY!!Currently see a retracement into previous structure which now should as support. Stops below X. Because we recently saw a new structure high I am shooting for advanced targets for my second position.
TRADE YOUR PLAN!
Website: www.ogtpartners.com
Twitter: goo.gl
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