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Overbought

USDJPY - Over-Bought Zone!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. USDJPY is overall bullish from a long-term perspective trading inside the brown channel. However it is approaching the upper brown trendline acting as an over-bought zone. Moreover, the zone 147 - 150 is a strong supply zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green supply zone and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: Since USDJPY is around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
8
DXY - Over-Bought Zone! Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. DXY has been overall bullish for a while trading inside the brown rising channel . However, it is currently approaching the upper bound / upper brown trendline, which I consider a non-horizontal resistance and over-bought zone. Moreover, the zone 113 - 114 is a horizontal resistance zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance zone and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: Since DXY is sitting inside the purple zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:DXY
by TheSignalyst
21
TWITTER - Short position - Overbought at the resistanceLooking at Twitter the chart shows that it´s overbought and is likely to go down. Following the Bollinger Bands we see the price has touched and moved out of the upper band. Following the RSI 14 we see that the RSI went above 70. So both indicators are indicating a move to the downside. According to the earning announcement we expect it will be towards the downside as well. Targets and further details are shown in the chart. Good luck!
NYSE:TWTRShort
by vf_investment
2
FDX: Overreaction?FedEx Corporation Short Term - We look to Buy at 161.03 (stop at 148.79) The company gave a bleak outlook for profits and plunged in the premarket by 20% .We are trading at oversold extremes. A move lower faces tough support and we remain cautious on downside potential. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher correction is expected. Our profit targets will be 206.12 and 215.00 Resistance: 200.00 / 240.00 / 320.00 Support: 160.00 / 130.00 / 100.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NYSE:FDXLong
by VantageMarkets
CHFJPY - Over-Bought Zone!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. CHFJPY is overall bullish trading inside the brown channel. Moreover, the zone 150- 155 is a strong supply zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green supply zone and upper brown trendline. (acting as non-horizontal resistance) As per my trading style: As CHFJPY approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
7
LULU: Fade the rally!Lulumelon Athletica Short Term - We look to Sell at 329.26 (stop at 346.16) They reported better than expected earnings and the stock jumped up premarket. The medium term bias remains bearish. We are assessed to be in a corrective mode higher. Bespoke resistance is located at 332.00. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Our profit targets will be 284.68 and 272.00 Resistance: 332.00 / 410.00 / 478.00 Support: 283.00 / 246.00 / 129.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ:LULUShort
by VantageMarkets