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Overbought-condition

Special Analysis: Are you prepared for the Euro crash!!!Hello everybody, in this special analysis, I see a nice opportunity that maybe Euro is weakness the trend!!! Because we could see a bearish season. Now, i share you my screenshoot for you, because we could see a possible USA recovery for the next days between weeks. First, we see in Daily that Euro is weakness boughts and we are in the strong resistance at $1.18 that was broke up, but in that case we could see a sell off of Euro as US is into the recovery for the past speculate news that I discuss with you. Now, this analsyis of Daily is a key important to find up a medium term profits. Now, this is an weekly analysis that we broke up the red resistance, obvously this red resistance is a weekly zone, and it's could be a go back below as rejetion, because as we are in the bullish channel, we could to end the boughs and startind the bearish season for the next days as I predict. Finally, as I add the 3 day charts, we see a possible drop of the price in medium term, also the RSI show a pull back in the 80 parameters and that confirm an exactly point to find down sell off. Now, I share you my fundamentals keys for you: 1. Euro rises above key $1.20 USD level for first time since May 2018 Now, if you see Euro is go up so much, but need to make a correction before to continue up with their bullish trend. Also, using the Fibonacci we could see two scenarios at $1.16 USD and a possible to reach at $1.1550 USD, So, my objective is simple find down 330 pips, its a good bussiness and profits to earn down.
Short
by harisonhbn9718
2
Wayfair: Chart Overextended and Price way beyond FundamentalsYou can see that selling on the upper red line has rewarded shorts in the past and I believe that this is a great short opportunity here - one of the best i have ever seen. We have got way over extended and fundamentally the price is just way too high for a this company, even with the 'shopping online' narrative that has been done to death. Overstock is the much better company in reality. Margins are just too small for furniture and you only have to read Wayfair reviews on the likes of Trustpilot to realise how poor their products are. I think we should at the very least see a retrace back to the 250 levels here.
NYSE:WShort
by TheZenDegen
GBPUSD 1.26521 + 0.34% LONG IDEAGood Day Everyone Here's a long idea on the GBPUSD pair, overbought on many signals looking for a bit of retracement ( HL ) before continuation to ( HH ).. If you took this one target 1 was a success you can trail stop or adjust your sl to previous swing low and hold risk free on the pair lets see how it goes... Good luck and happy trading everyone _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If you like the idea kindly leave a like and a follow will definitely follow back and leave your idea & Comment on the pair in the comment section. APPRECIATE IT
Long
by PULEMokhothu
2
CADJPY NEEDS A BREATHER OR NAH?HELLO ALL, BACK IN MAY 23, I POSTED ON CADJPY MOVING HIGHER AFTER THE DROP AND THE PAIR ROAMING AROUND THE WEEKLY SUPPORT. SINCE THEN CADJPY HAS HAD A NICE BULL RUN. NOW THE QUESTION IS, DOES IT BREATHE AND RETRACE OR CAN IT KEEP GOING HIGHER. THE WEEKLY SHOWS THE PAIR MORE THAN LIKELY MOVING HIGHER TO ITS WEEKLY TREND LINE AT ABOUT THE 84.00 AREA, AS IT STILL HAS ROOM TO PLAY INSIDE THE WEEKLY RSI. DAILY SHOWS THE PAIR SITTING RIGHT ABOVE THE .618 FIB. 4HR CHART SHOWS THAT IT HASN'T MADE A CLEAR HL YET AND HAS HAD AN OVER EXTENDED RSI WHICH MAKES THINK THIS PAIR WILL RETRACE. MY VIEW AND OPINION IS THAT THIS PAIR WILL RETRACE TO THE 79.40 - 79.20 AREA BEFORE MAKING A PUSH HIGHER. LOOK FOR PRICE ACTION AND FUNDAMENTALS. GOOD LUCK TO ALL! PLEASE GIVE A THUMBS UP IF YOU LIKE AND COMMENT YOUR IDEAS AND OPINIONS, THANK YOU!
Short
by ThreePillarsTrading3
SPX: Possible Paths to ATH from 2nd of Three DrivesOF course this is pure guesswork and sheer speculation. Maybe the ATH is already in on Friday. Although futurez are up as I write this, their fair values point to nearly the same prices we saw near the close Fri PM. I marked this chart idea as Neutral, although it's really short-term bearish and longer-term bullish, until it becomes Bearish again in 2020. A lot of new money will have to flow in to push higher from here, market is already in overbought condition. It is a 3-Drive pattern, and an EW Ending Diagonal Triangle (see Mark Rivest post on the EDT for detailed insight- very fine analysis, kudos Mark and ty!): I show two alternate paths in my idea. Many others, of course are possible: Although overbought atm, but irrational exuberance could simply parabola up to the 1.62 Fibo at 3124, before distribution; or a bull wave pullback could begin this week and carry index down to retest the lower channel TL (in pitchfork). A last desperate parabolic climb to stratospheric prices is likely to occur in January, two years since the last time we saw that in Jan 2018. Expect a pullback soon in Nov, a terrific bullup to ultimate ATH, and another big break in Feb/Mar for Fib time and price. IDEA: Just buy UVXY to play this rotation; accumulate VIX ETF shares when VIX <12. UVXY is the Proshares 1.5x ETF; when Vix gains/loses $2, ETF gains/loses $3. On the last explosive Third Drive to the Top the VIX could get crushed to sub-10, as it was in Dec 2017 when it touched $9. Do not buy it too soon! NB: You can also buy call options on VIX itself if you want max leverage and have strong appetite for risk. I suggest getting a LEAP call if you do; on Friday the April 2020 $20 call was $2.30 with Vix at $12.30. It's a pretty fair risk/reward, considering that in Feb 2018 VIX jumped from $9 to $29. High price on VIX was $70 on 10-01-2008. This is not trading or investment advice, it is rank, sheer speculation on my part. Gamble on the futurez at your own risk! GLTA!
TVC:SPX
by DaddySawbucks
4
AUDNZD - Extremely overbought - RBNZ in spotlightHello Traders, This week the RBNZ will decide if they will hold interest rates steady after they look a 50 basis point cut during their last meeting. This shocked the market as they had forecast only a 25 basis point cut previously, therefore the NZD took a larger loss. This week the RBNZ is expected to hold rates steady, on the other hand, the RBA is looking at an additional rate cut. This means we could see some strength going back into the NZD. The AUDNZD is also extremely overbought, as you can see this has provided a great opportunity to sell from previously. Keep in mind: If the RBNZ do cut interest rates rates, this trade will not work out. Any questions or comments please let us know, www.forexstoreau.com
Short
by ForexStoreau
Overbought overreaction: short BYND 138c June 14BYND reported earnings with a wider loss in the first quarter of 2019 due to higher costs and expenses, but outstanding guidance for next year. Even bullish analysts have set price targets below the current market price of $135. JPMorgan is overweight with a $120 price target, Bernstein rates outperform with a $107 price target, Credit Suisse sets a price target of $125, Goldman set a target of $76 and BoA Merrill Lynch sets a price target of $101. Competition is also increasing in the already-crowded space. Nestle announced earlier this week that they will launch a plant-based burger, dubbed "the Awesome Burger." Burger King in in the process of adding the Impossible Foods burger nationwide and Tyson Foods is creating a plant-based protein that is mirrors Beyond's offerings. Beyond Meat is only one brand in a very competitive space. This huge jump of over 35% after reporting more losses, yet a "positive outlook" despite increasing vehement competition is an overreaction. The RSI indicators show a reading of a whopping 81, indicating that BYND stock is extremely overbought. BYND is also trading outside of the bollingers, making it fit for mean reversion. The MACD indicator also shows that the momentum is waning. The Parabolic Stop and Reverse indicator is now above the candles, indicating a bearish movement to come. We are thus shorting the 138 calls with June 14th expiry (next Friday). This benefits from the expensive contract prices because of high implied volatility, and the near-term expiry thus allows us to collect theta premium.
NASDAQ:BYNDShort
by LaurenTrading
BTC/USD You are really buying this? Then you must be crazy! MAJOR CORRECTION AHEAD. It might run up for a shadow candle at 5700-6000 LEVEL. But that's it major supply at 6k$ so basically that's where the game is over. But currently all WEEKLY indicators are forced out of their maximum values which indicates me that a very MAJOR correction is coming. Larger then 30% So those neysayers that said we won't see 3000$ area again, they will be extremely WRONG. Careful! Trading. Don't overleverage, if you want to short it wait for weakness. Wait for Tether Dump to be over and then you can short safely. For now this pump is solely based on people selling their TETHER for ofc BTC :) Withdrawal then BTC send it to a REGULATED exchange and cash-in.
BITSTAMP:BTCUSDShort
by SpawnyXBT
15
[Signal] GBPCHF: Delayed Brexit is Positive? Nahh..GBPCHF Timeframe: 1D Direction: Short Confluences for Trade: - Stochastic Overbought momentum (1D, H4, H1) - Price action at Resistance of Parallel Channel - Price action close to Another Horizontal Resistance Trendline - Widening gap of EMA - Fundamentally, uncomfortable to hold a Long GBP position because of Brexit uncertainty; to us, a delay in Brexit transition is still going to be bad for the UK economy as corporates are not going to do any capital expenditure to improve GDP. Suggested Trade: Entry @ Area of Interest 1.3045 - 1.3165 SL: 1.3309 TP: 1.2602 RR: Approx. 2.56 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
EURAUD: Trendline Break within Parallel ChannelEURAUD Timeframe: H4 Direction: Short Confluences for Trade: - Bearish candle formations - Stochastic Overbought momentum - Price action at Resistance of Parallel Channel - Breaking S/T Trendline within Channel - Widening gap between the EMAs - Fundamentally, EU-Italy impasse uncertainty yet to be priced in and may be volatile in the coming days while the AUD weakness has been pretty much priced in over last weekend Suggested Trade: Entry @ Area of Interest 1.5570 - 1.5850 SL: 1.5918 TP: 1.5559 RR: Approx. 2.10 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
NZDCHF: Long-Term Short Trend NZDCHF Timeframe: 1D Direction: Short Confluences for Trade: - Price action at Strong Resistance Trendline (Since Jan 2015) - Price action at 61% Fibo retracement levels - Gap between 8EMA and 50EMA too wide - Stochastic Overbought momentum Suggested Trade: Entry @ Area of Interest 0.6825 - 0.6925 SL: 0.6998 TP: 0.6453 RR: Approx. 3.42 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
1
USDCAD: Retesting Previous Setup PostedUSDCAD Timeframe: 1D Direction: Short Confluences for Trade: - Upward momentum slowing - Price at Resistance Trend-Line (since June 18) - Stochastic Overbought momentum - Fundamentally, Canada's data is still strong, and Canada being a commodity currency was hit when oil price fell drastically, however, our view is that oil price has stabilize around this levels and this would provide a stop from USDCAD from weakening further. Suggested Trade: Entry @ Area of Interest 1.3200 - 1.3250 SL: 1.3318 TP: 1.3027 RR: Approx. 2.13 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst
USDHKD (1D): Take Advantage of the PegUSDHKD Timeframe: 1D Direction: Short Confluences for Trade: - Pegged currency, strongly defended at 7.85 (Limited risk; any break above the 7.85 levels is gonna be a crisis issue) - Stochastic Overbought momentum - Not directly related but Double Top Resistance for the DXY, helps support the drop in USD strength Suggested Trade: Entry @ Area of Interest 7.8365 - 7.8499 SL: 7.8573 TP: 7.7935 RR: Approx. 2.91 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Short
by weekendanalyst